Associate Director, GRM Operational Risk - Global Risk Oversight

Royal Bank of Canada; Putrajaya; On-site; MYR 60,000 - 100,000; Full time

Job summary

An established industry player seeks an Associate Director for its GRM Operational Risk team in Malaysia. This pivotal role involves providing independent oversight of operational risk management, ensuring compliance with the global risk framework, and leading a dedicated team of risk professionals. The successful candidate will engage with stakeholders to enhance risk assessment processes and deliver insightful reports that drive strategic decision-making. If you're passionate about operational risk and ready to make a significant impact in a dynamic environment, this opportunity is tailored for you.

Qualifications

• Proven experience in operational risk management and control assessments.
• Strong analytical skills with a focus on risk assessment and management.

Responsibilities

• Oversee 2LOD controls assurance/testing across various segments.
• Lead a team of Risk Managers and Senior Risk Analysts.
• Deliver comprehensive reports on oversight activities.

Skills

Analytical Thinking

Control Monitoring

Attention to Detail

Operational Control

Risk Assessment

Risk Management

Self-Motivation

Stakeholder Management

Job description

Associate Director, GRM Operational Risk - Global Risk Oversight

Royal Bank of Canada, Putrajaya, Malaysia

Job Summary

The GRM Operational Risk - Global Risk Oversight team in Malaysia is a centralized 2LOD group responsible for providing Operational Risk and Control oversight across RBC segments and geographies, leveraging consistent tools, practices, procedures, and subject matter expertise. This team contributes to implementing and executing the global Operational Risk framework, supporting the enterprise-wide strategy, and reports to the global GRM Operational Risk function based in Toronto, Canada.

Activities include oversight of Operational Risk & Control Assessments, Controls Assurance, Internal Operational Risk Events, Root Cause Analysis, Risk Register, and Issues Management. The team may also support evolving policies, practices, and tools in response to internal/external drivers and emerging risks.

The individual will provide independent oversight of Operational Risk management, working with stakeholders within the GRM Operational Risk function, First Line of Defence, and broader Risk functions. Responsibilities include executing core Operational Risk mandates and overseeing team members as necessary.

Job Responsibilities

1. Perform 2LOD controls assurance/testing of key controls mitigating Operational Risks across various segments and geographies.
2. Support oversight and challenge of 1LOD's execution of Internal Operational Risk Events and Root Cause Analysis.
3. Provide oversight inputs to relevant 2LOD Operational Risk Domains.
4. Lead and supervise a team of Risk Managers and Senior Risk Analysts (< 5 FTE).
5. Record evidence of oversight and challenge on the Operational Risk Management System (ORMS).
6. Deliver comprehensive reports on oversight activities, highlighting trends or exceptions.
7. Support review and oversight of the Risk Register and related activities.
8. Create presentations for operational risk decision-making and stakeholder engagement.
9. Provide periodic reports summarizing oversight activities to stakeholders.
10. Perform quality assurance on operational risk work output and identify improvement opportunities.
11. Support the Department Head in oversight of practice execution and develop/update procedures as policies evolve.
12. Mentor and oversee team members’ development.

Required Skills

Analytical Thinking, Control Monitoring, Attention to Detail, Operational Control, Risk Assessment, Risk Management, Self-Motivation, Stakeholder Management

Additional Details

• Address: PERSIARAN IRC 2, IOI RESORT CITY IOI CITY TOWER ONE, PUTRAJAYA
• City: Putrajaya
• Country: Malaysia
• Work hours/week: 40
• Employment Type: Full-time
• Platform: GROUP RISK MANAGEMENT
• Job Type: Regular
• Pay Type: Salaried
• Posted Date: 2025-04-25
• Application Deadline: 2025-05-30

Note: Applications accepted until 11:59 PM on the day prior to the deadline.

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