Asst Manager/Sr Executive, Operational Risk

Hong Leong Assurance; Selangor; On-site; MYR 89,000 - 134,000; Full time

Job summary

Hong Leong Assurance is seeking an Asst Manager/Sr Executive, Operational Risk to manage end-to-end risk framework, coordinate risk self-assessments, maintain risk registers, and analyze KRIs for internal controls. You will ensure regulatory compliance through timely reporting and support policy requirements.

The role involves policy reviews, control testing oversight, management reporting, and outsourcing risk assessments across business units.

Qualifications

• Minimum degree or professional qualification in actuarial, risk management, statistics, or related disciplines.
• 3–5 years of experience in risk management, preferably in operational risk within financial services.
• Experience with risk frameworks, control testing, incident management, and risk reporting.
• Familiarity with risk modelling, data analytics tools, or risk management systems is advantageous.
• Strong communication, presentation skills and ability to work across teams.

Responsibilities

• Policy review: periodic reviews of risk policies, framework, and procedures; ensure compliance.
• Key control testing: plan and test controls identified in risk assessments; oversee reviews.
• Management reporting: prepare materials for Risk & Compliance Committee; dashboards for meetings.
• Outsourcing risk: conduct due diligence, assessments, gap analysis; coordinate provider reviews.
• Operational risk monitoring: identify incidents, escalation, root-cause analysis, corrective actions.
• Cross-functional collaboration: support Compliance, Internal Audit, and IT Security; promote risk culture.

Skills

Policy Review

Key Control Testing

Management Reporting

Outsourcing Risk

Risk Awareness

Training & Awareness

Excel

PowerPoint

Risk Management Systems

Education

Degree/Qualification in Actuarial, Risk Management, Statistics

Tools

Excel

PowerPoint

Risk Management Systems

Job description

Jora Malaysia will close on 9th September 2026. Thank you for being with us, we are cheering you on as you continue your career journey.

Asst Manager/Sr Executive, Operational Risk

The Asst Manager / Sr Executive, Operational Risk is responsible for managing the end-to-end risk framework by coordinating self-assessments, maintaining risk registers, and analyzing Key Risk Indicators (KRI) to strengthen internal controls. This role ensures regulatory compliance through the timely submission of ORR/ORION reports to Bank Negara Malaysia (BNM) while identifying risk patterns and providing technical guidance on policy requirements.

Key Responsibilities and Accountabilities

1) Policy Review

Conduct periodic/ad-hoc reviews of policies, framework, and procedures relevant to the Risk Management Department.

Ensure compliance with applicable operational risk policies, guidelines, and regulations.

2) Key Control Testing

Plan and test key control identified during risk assessments.

Assist with system automated process reviews and risk-based control testing oversight for proper closure.

3) Management Reporting

Prepare and arrange reports and materials for Risk Management & Compliance Committee meetings.

Prepare monthly operational risk dashboards for EXCO and GBRMC meetings.

4) Outsourcing Risk

Conduct outsourcing reviews, including due diligence, assessments and gap analysis.

Coordinate annual performance reviews of Outsourcing Service Providers with relevant business functions.

Perform ongoing risk identification and scenario analysis across business units. Conduct stress testing to evaluate potential operational risk exposures.

Monitor, record, and investigate operational risk incidents and near misses.

Ensure timely escalation, root cause analysis, and corrective action planning.

Coordinate responses to regulatory queries, surveys, and inspections related to operational risk.

Track regulatory developments and update frameworks accordingly.

8) Others

Provide support to team/group members where necessary within department & across units.

Facilitate cross-functional collaboration with Compliance, Internal Audit, and IT Security.

Deliver operational risk training sessions and promote awareness of risk culture.

Support overall relevant assigned tasks and contribute to departmental goals.

Inculcate proactive risk management culture in the organization.

Ensure compliance with Company and regulatory risk management policies and standards.

Requirements:

Minimum Degree or professional qualification in Actuarial, Risk Management, Statistics or other relevant disciplines.

3–5 years of working experience in risk management, preferably in an operational risk role within the financial services industry.

Demonstrated experience in operational risk frameworks, control testing, incident management, and risk reporting.

Familiarity with operational risk concepts, methodologies, and regulatory requirements.

Knowledge of risk modelling, data analytics tools, or risk management systems is an advantage.

Strong proficiency in Microsoft Excel, PowerPoint, and risk reporting tools.

Strong analytical and problem solving skills with keen attention to detail.

Excellent communication and presentation skills for engaging stakeholders and preparing management reports.

Ability to work independently while collaborating effectively across teams and business units.

Proactive mindset with willingness to learn new risk concepts and analytical techniques.