Risk Control Specialist, Risk Control Unit

2 weeks ago

Kuala Lumpur, Kuala Lumpur, Malaysia CIMB Full time 60,000 - 120,000 per year

Key Responsibilities:

1. Support the oversight on Group Islamic Banking(GIB)'s Scorecards
– CIMS, RCSA- CETS, LED and KRIs submissions

  • Conduct Independent reviews (1st line of defense) based on samples submitted in CETs to ensure that the assurance testing has complied to the validation procedures.
  • Work with DCOROs to improve the self-assurance testing. Support the development and training needs for DCOROs and CET testers.
  • Initiate an annual review exercise for all CETs under GIB to ensure it is kept relevant, cross referencing to Compliance Modules and Regulatory Guidelines to ensure that CETs have been developed.
  • Based on observations from GCAD and GC, to develop independent CETs that is to be rolled out to DBLM Stakeholders or to independently carry out these assurance checks to ensure that there is resilience in the execution and process controls in providing the service deliverables to GIBD.
  • Monitor CIMs and KRIs submission and closure
  • Analyse the GIB Scorecards issued by NFRM and GC and the relevant benchmarking and highlight the potential issues impacting the overall scorecards.
  • Coordinate regional scorecards on Overall Risk Framework and to review and escalate on areas in need of attention.

2. Support the oversight and effectiveness of the Dual Banking Leverage Model

  • Support the collation and assessment of the DBLM Quantitative and Qualitative data gathered to refine the methodology and scoring of the SLA Assessment exercise.
  • Follow up with BUs and Enablers on the action plans agreed timelines.
  • Preparation of midyear review assessment (dipstick), focusing on Quantitative data and Penalties and service credits if any.
  • Based on GCAD and GC reports issued, identify the High Risk event and assess if the Management Action taken is preventive in nature to ensure that the residual risk is lowered after initiating the necessary controls
  • Review LEDs and Incident Reports to ensure that these are reported with accurate root cause analysis and preventive action management to address the execution failures.
  • Support the investigation/ research on lapses reported as an independent assessor to ensure that we are able to support and recommend mitigating controls.

Key Requirements:

  • Knowledge of Islamic products offered within Wholesale Banking, Consumer - Retail, Transaction Banking, Commercial and Banking Operations Support.
  • Relevant exposure in risk management work is an added advantage. Possess certification in any Risk Management or Islamic finance is an added advantage
  • Degree in Banking / Finance or Management / Islamic Banking or equivalent
  • Possess knowledge of operational and risk management
  • Possess knowledge of Shariah Governance framework is an added advantage
  • Computer literate, Intermediate Micosoft Office (Excel), able to formulate simple data analysis reports.
  • Good oral, written and interpersonal skills.
  • Positive attitude, good organizational and time management skills.
  • Creative thinking to problem solve and trouble shooting.

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