Assistant Manager Compliance & Operational Risk

SD Guthrie International; Selangor; On-site; MYR 80,000 - 120,000; Full time

Job summary

SD Guthrie International is seeking a Risk Management Specialist to oversee operational and credit risks within the company. The ideal candidate will have a strong background in finance, risk management, or compliance, with at least 5 years of relevant experience. Responsibilities include monitoring compliance, preparing risk reports, and ensuring effective internal controls, especially in the palm oil sector.

Qualifications

• At least 5 years of experience in risk management, compliance, audit, or finance.
• Knowledge of the palm oil industry, futures, and trading market.

Responsibilities

• Monitor operational and credit risks to support departmental objectives.
• Review and highlight issues from accounts receivable and outstanding contracts.
• Coordinate the Credit Committee Meeting and prepare meeting minutes.

Skills

Communication

Analytical skills

Decision making

Attention to detail

Performance management

Emotional intelligence

Education

Master's in Business Administration (MBA)

Bachelor's Degree in Business Administration (BBA) or relevant field

Tools

MS Office Packages

Job description

About Us

SD Guthrie International (SDGI) produces edible oils, palm oil-based biodiesel, nutraceuticals and other palm oil derivatives for the global market. Driven by a philosophy of “Realising possibilities, together”, SDGI collaborates closely with customers to develop bespoke solutions, including superior refined oils and fats that are tailor-made to their needs.

At SDGI, we are committed to partnerships focused on your success, exploring every possibility to deliver the right solutions and identify new opportunities. We are dedicated to a future where we achieve the best results together. With a global footprint and extensive network, SDGI offers a rewarding and fulfilling career path for dynamic and vibrant young talents.

Join us today, as we continue to Unlock Nature's Superpowers!

Roles & Responsibilities:

• Providing standard guidelines via policies and procedures to effectively manage operational risks and credit risks to support the achievement of departmental visionary objectives.
• Review key exceptions through an effective monitoring mechanism to ensure key internal controls are working effectively.
• Provide regular monitoring and reporting to the Management on key controls.
• Review new and existing Policies, Standard Operating Procedures (SOPS) & Standing Instructions (SIs) by working closely with department heads / process owners to ensure adequate controls are in place to always protect the Group’s interest.
• Perform planning and ad-hoc monitoring activities to ensure trading activities and/or selected key controls are carried out following Group Policies and/or SOPS.
• Effectively manage operational risk and credit risk to support the achievement of departmental visionary objectives.
• Automate key monitoring activities to ensure exceptions to the Group Policies and/or SOPS are addressed and escalated immediately.
• Maintain the trading platform for the new and existing counter party by performing KYC due diligence (i.e. sanction, AML, etc.) as well as credit assessment in line with the relevant Group Policy and/or SOP for new/existing buyers for new/changes in credit line for Business Units (BUs) in SDGB.
• Perform and maintain regular KYC due diligence to update customers’ risk profile and report to relevant authorities as per the specific country requirement.
• Assist in coordinating SDGB’s Credit Committee Meeting (CCM) and preparing its minutes of the meeting.
• Review and highlight issues arising from the accounts receivable and outstanding contracts monthly.
• Highlights potential credit and contractual risk to CCM promptly.
• Monitoring the action plan for external and internal auditors’ reports. To follow up with the action plans ensure it is completed within the target implementation date.
• Ensure BUs maintain the risk register according to the requirements of Group Risk.
• Evaluate the effectiveness of existing internal and system controls.
• Implement and monitor system controls for key risk areas to ensure compliance with Group Policies & Procedures.
• Monitor sanction risk with the Group Compliance Office for SD Guthrie Berhad-wide
• Develop, maintain and coach the team on Continuous Control Monitoring as well as digital initiatives for MPOB reporting, contract management, price variance analysis, credit management, credit limit utilisation, advance ageing and other key risk areas.
• Identify and validate exceptions for non-compliances based on Continuous Control Monitoring results. Proposed for process enhancement(s) where necessary.
• Report on Non-Conformance Record to the process owners with repetitive non-compliance records.
• Any other ad-hoc analysis and matters
• Ensure due diligence is performed on business entities to ensure suitability, compliance with relevant regulations and financial status for credit facilities.
• This job will impact the monitoring of trading activities, compliance, and risk management of the department.
• Identify key risk areas that may impact the financial performance of the business.
• To participate in brainstorming, teamwork, and discussion on SD Guthrie International’s daily operational issues

Ideal Candidate

• A Master's in Business Administration (MBA) is an added advantage
• Bachelor's Degree in Business Administration (BBA), or any relevant field related to finance or Governance.
• At least 5 years of working experience in risk management/ compliance/ audit/ finance.
• Excellent skills in MS Office Packages.
• Pleasant personality, good communication, presentation, analytical and report writing skills.
• Knowledge of the palm oil industry, futures and trading market.
• Willingness to take challenges and responsibilities within the job scope.
• Performance management
• Attention to detail
• Communication skills
• Writing and analytical skills
• Decision making
• Knowledge of compliance and risk
• Industry knowledge & application
• Experience in palm oil trading, export and local markets
• Familiar with the mechanics of the futures exchange
• Effective communication
• Drive change & performance
• Emotional intelligence