Senior Manager, Operational Risk Management

Company: A leading Malaysian financial institution, known for its innovative financial solutions and commitment to customer satisfaction.

Job Summary:

The role is responsible for overseeing the Operational Risk Management (ORM) function at a Bank. This includes implementing and executing the bank's risk management framework to identify, measure, monitor, control, and report on risk exposures.

Key Responsibilities:

• Risk Assessment: Identify and evaluate operational risks to support the enterprise risk management strategy.
• Threat Identification: Detect potential threats and vulnerabilities in business processes and data.
• RCSA Facilitation: Lead Risk Control Self-Assessment (RCSA) exercises by Business Units.
• KRI and Loss Reporting: Assist in collecting Bank-wide Key Risk Indicators (KRIs) and Loss Event Reporting.
• Review Procedures: Review new or revised procedures, policies, and products before management submission.
• Risk Assessment of Providers: Provide independent risk assessments for service providers and outsourcing arrangements.
• Operational Risk Review: Validate efficiency and effectiveness of operational risk responses with stakeholders.
• Compliance Monitoring: Ensure ORM and outsourcing policies comply with internal and regulatory requirements.
• Report and Train: Report risk matters to Senior Management and the Board, and develop risk awareness programs and training.
• Control System: Ensure an effective internal controls system is in place to address major risks.
• Additional Tasks: Perform other tasks as assigned by the Head of Operational Risk or CRO.

Qualifications:

• Education: Bachelor’s Degree in Business Administration, Commerce, Accounting, Finance, Banking, or equivalent.
• Experience: At least 8 years of relevant experience in banking, external audit, or consultancy.
• Knowledge: Strong understanding of operational risks, governance practices, internal control systems, and enterprise risk management concepts.
• Skills: Strategic thinking, data analysis, problem-solving, strong communication, and negotiation skills.
• Additional: Ability to manage and motivate individuals at various levels.

• Competitive banking package.