Manager, Operational Risk

Industrial and Commercial Bank of China (Malaysia) Berhad; Kuala Lumpur; On-site; MYR 100,000 - 150,000; Full time

Job summary

A leading banking institution located in Kuala Lumpur is seeking a seasoned Operations Risk Manager. The ideal candidate will oversee the planning and implementation of operational risk management policies, ensuring compliance with regulatory requirements. With at least 6 years of experience in operational risk management, the candidate should possess strong analytical skills and the ability to communicate effectively in English and Mandarin. Familiarity with banking regulations is crucial, as is proficiency in Microsoft Office.

Qualifications

• Minimum of 6 years experience in operational risk management or business continuity management.
• Familiarity with relevant rules and regulations in banking.
• Capability to work independently and perform multiple tasks within tight deadlines.

Responsibilities

• Oversee operational risk management policies and ensure compliance.
• Formulate and implement operational risk assessment methodologies.
• Report significant risk issues and exposures to senior management.
• Coordinate bank-wide Business Continuity Planning.
• Provide advisory services for operational risk management enhancements.

Skills

Operational risk management

Business acumen

Analytical skills

Communication skills in English

Education

Bachelor's degree in finance, banking, accounting or equivalent

Professional certification with AICB on risk management

Tools

Microsoft Office

Job description

Job Responsibilities

• Oversees the planning, development, implementation and review of the operational risk management policies, framework and procedures on a timely manner to ensure the Bank is in compliance with the relevant risk management guidelines and requirements set by the regulators.
• Keep abreast of the developments in operational risk management landscape, update and recommend mitigation measures to the management in managing the emerging operational risks.
• Formulate, review, update and facilitate implementation of the operational risk assessment methodologies (i.e. RCSA) timely to ensure it is aligned with the size, business nature and risk profile of the Bank, and also take into consideration of the current and emerging operational risks faced by the Bank.
• Measure and monitor the Bank’s operational risk exposures with appropriate tools and techniques, and set appropriate monitoring criteria in order to ensure that the Bank’s operational risk exposures are being monitored diligently on a timely basis. Report and highlight the Bank’s significant risk issues, events and exposures to the senior management, committees and Boards for their deliberation.
• To take charge of bank-wide Business Continuity Planning (“BCP”) and Coordination function; i.e. formulation and review of BCP Policy, Procedure and Manuals (“PPM”), facilitating bank-wide review of BIA and RA, coordinating the annual BCP test, and assuming secretariat role of Business Continuity Management committee.
• Oversees the coordination, compilation and preparation of the periodic reports (i.e. operational risk reports, independent assessment reports etc) to ensure the management and Board are well informed of the Bank’s overall operational risk profile for effective oversight and decision making.
• To take charge of operational risk reporting to ORION system which includes regular reporting and ad hoc reporting (i.e. incident reporting).
• Providing advisory services to other departments for on‑going enhancement of operational risk management infrastructure which includes PPMs formulation and review, enhancement of internal control environment and processes, operational risk incident handling etc.
• Perform independent risk assessment on new product proposals.
• Provide direction and technical advice to subordinates, share information with peers and facilitate problem solving.
• Undertake any ad‑hoc tasks as and when required by Head of Department and/or the Senior Management.

Job Requirements

• At least a Bachelor degree in finance, banking, accounting or equivalent from a reputable university. Possessing a professional certification with AICB on risk management will be an added advantage.
• Minimum 6 years experience in operational risk management / surveillance or business continuity management of banking / financial institutions.
• Familiarity with relevant rules and regulations in banking / financial institutions.
• Strong business acumen and analytical skills.
• Capability in working independently and performing multiple tasks within tight deadline.
• PC literate preferably in Windows Microsoft Office (e.g. Word, Excel, etc).
• Good communication skills in English and/or Mandarin (both verbal and written).