Director Risk Assessment Monitoring and Insight, Risk

Standard Chartered; Kuala Lumpur; On-site; MYR 200,000 - 300,000; Full time

Job summary

A leading bank is seeking a Director of Risk Assessment Monitoring and Insight to manage risk-related functions across multiple regions. The role includes assessing risks, monitoring control effectiveness, and delivering insights to support risk management objectives. Ideal candidates will possess relevant industry experience and certifications, alongside strong analytical and communication skills.

Qualifications

• Experience in Banking, Financial Institution, Regulator, or Fintech.
• Practical experience in OTCR and Compliance Risks.
• Certifications in Business or Product domains valued.

Responsibilities

• Support performance of inherent and residual risk assessments.
• Provide actionable risk insights to business stakeholders.
• Support the management of issues and escalate as needed.

Skills

Effective communication skills

Proficient with tools for analysing risk

Understanding of relevant laws and regulations

Education

Industry certifications in Risk & CFCR domains (e.g., IRM, CISSP, ACAMS, ICA)

Job description

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Director Risk Assessment Monitoring and Insight, Risk

This role reflects our commitment to more than just profitability—it's about living our values and upholding our brand promise, Here for Good. The Managed Services team, established to support Group Risk and CFCR, centralizes the production and risk management activities in a service hub. This allows teams to make risk-reward decisions based on judgment and expertise, influence business and regulatory outcomes, and oversee strategic risk and compliance programs such as Fit for Growth (FFG) and the Controls Simplification Programme.

This is a global support role, covering SCB's presence across Asia, Africa, the Middle East, Europe, and the Americas, spanning multiple business lines such as Retail Banking, Private Banking, Wealth Management, Transaction Banking, and Financial Markets.

• Risk Assessment: support the performance of both inherent and residual risk assessments (regular, dynamic, and targeted).
• Control Monitoring: Support the control design effectiveness assessment, and dynamically monitor risk and controls.
• Change Risk: Assess and manage risks associated with change initiatives.
• Issue & Event Management: Support in the management of issues and events, escalate as needed, and ensure timely reporting.
• Risk Insights: Provide actionable risk insights to business stakeholders.
• Data Quality: Identify and remediate data quality issues, including administration, reporting, and ownership of resolution. Ensure data models are up to date and accurate.
• Horizon Scanning: support horizon scanning product and related Knowledge Management System
• FFG Programme: support the overall embedding and transitioning of new technology solutions (e.g., AI capabilities) into various risk processes.
• Governance: document processes and procedures to ensure transition of services to the Managed Service team are accurate, up to date, and centrally stored and available.
• Help build world-class risk and compliance capabilities, fostering a risk-aware and client-focused environment for the bank’s next phase of growth.
• Deliver simplified, standardized, and digitized solutions that meet compliance obligations while providing insights to the 1st Line of Defence (1LoD) for better decision-making.
• Execution of risk assessment, monitoring, and insight processes.
• Enhance and simplify controls related to OTCR (Operational, Technology, and Cyber Risk), where appropriate.
• Capture lessons learnt and refine tooling and processes improvements.
• Identify insights, analyse, and assess OTCR risks and implement control frameworks to manage these risks.
• Development of basic MI to support Coverage and SME actions (i.e., trends).
• Conduct deep dives into material, emerging, or unknown risks to enable appropriate risk mitigation.
• Manage issues as they arise, performing root cause analysis, lessons learned, and remediation efforts.
• Address data quality issues and ensure data models are up to date and accurate, notably those related to AI use cases and capabilities.
• Maintain Knowledge Management Systems that enable and support risk products and microservices.
• Implement a risk-based compliance framework for managing OTCR risks.
• Recommend risk assessment standards across OTCR risk types, ensuring compliance with all relevant regulations.
• Escalate potential OTCR risks to management.
• Support the end-to-end lifecycle of audit, assurance, and regulatory reviews related to Professional Services, including tracking and remediation.

Skills and Experience

Overall Working Experience:

• Experience in Banking, Financial Institution, Regulator, Fintech, or equivalent industry.

Business & Contextual Experience in at least one of the below:

• Retail Banking
• Wealth Management
• Private Banking
• Transaction Banking – Trade
• Transaction Banking – Cash Management
• Markets (e.g., Sales & Trading, Global Credit Markets, Private Side)

Domain and Functional Experience in one of the below:

• OTCR – Operational, Technology and Cyber Risk
• Conduct & Compliance Risks including Data Risk, Conflict of Interest, Non-Financial Regulatory Reporting, Regulatory Conduct, Market Conduct, Client Conduct
• Financial Crime Risks including Anti-Money Laundering, Anti-Bribery & Corruption, Sanctions, Fraud (Internal and External)

Other experience:

• Proficient with tools and techniques for analysing potential risk exposures
• Effective communication skills
• Knowledge of risk assessment techniques and management frameworks
• Understanding of relevant laws and regulations
• Sound judgment on business practices and regulatory relationships
• Ability to balance detail orientation with big picture perspectives
• Collaborative and adaptable across functions

Key stakeholders include:

• Global Compliance Officers and teams
• Chief Country Compliance Officers and teams
• Global Product Owners
• Global and Country Business Heads
• Global and Country Business Risk Management
• Global and Country Process Leads
• Chief Data Officer and teams
• Global Head Technology and teams
• Audit & Assurance teams

Qualifications

• Practical experience in the above domains.
• Industry certifications in Risk & CFCR domains (e.g., IRM, CISSP, ACAMS, ICA) are preferred.
• Certifications in Business or Product domains are also valued.

About Standard Chartered

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