Director, Risk Control Specialist

CIMB Group Holdings Berhad; Kuala Lumpur; On-site; MYR 180,000 - 300,000; Full time

Job summary

CIMB Group Holdings Berhad is seeking a Risk and Control Unit Head to lead the first line of defense in risk management and regulatory compliance across divisions. The role emphasizes promoting adherence to banking laws, internal policies, and procedures, while enabling effective risk measurement, reviews, and reporting across the Bank/Group.

The position requires deep knowledge of risk related to banking operations, strong leadership skills, and the ability to drive robust risk frameworks, with

Qualifications

• Bachelor's degree or equivalent required.
• Strong communication skills in both verbal and written form.
• Solid understanding of risk drivers and ability to articulate risk to non-risk personnel.
• Experience in risk/audit/compliance within banking.
• Ability to work autonomously and lead teams.
• Demonstrated managerial and facilitation skills.
• Knowledge of how a bank operates front to back.
• Proficiency in Microsoft Office tools.
• Agile, analytical, results oriented, detail oriented, problem solving and accountability.

Responsibilities

• Manage operational and regulatory risk for the Division/Department across entities/geographies.
• Liaise with regulators and address compliance requirements within the area of responsibility.
• Proactively manage risk to reduce likelihood or impact of negative events.
• Report risks to Division Head in a timely manner for clear risk visibility.
• Execute the bank's operational risk framework robustly and consistently.
• Collaborate with second line of defense to enhance risk outcomes.
• Validate policies, procedures, and SOPs for completeness and accuracy.
• Build and implement the compliance risk framework within the division.
• Identify and manage compliance risks across the business.
• Identify ineffective controls and work with stakeholders to strengthen controls.
• Demonstrate strong risk management across business/products.
• Foster partnerships across stakeholders and establish clear escalation channels.
• Align tasks across the three lines of defense to prevent gaps.
• Analyze risk data for trends and report emerging risks.
• Ensure RCU teams and QA testers are in place and properly appointed.
• Provide training and guidance to RCU teams and QA testers.

Skills

Bachelor or Equivalent

Communication skills

Risk awareness

Autonomous working

Leadership

Bank operations knowledge

Presentations (MS Office)

Agile/Analytical mindset

Education

Bachelor Degree or equivalent

Postgraduate qualifications (CA/CFA/MBA/LLB)

Tools

MS Office (Word/Excel/PowerPoint)

Job description

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The Risk and Control Unit Head is responsible for ensuring the Division/Department maintains an adequate and effective first line of defense risk management program. The role involves promoting and supporting Business and Support Management to ensure adherence with applicable banking laws, rules, regulations and internal policies, procedures and processes. The position enables the effective execution of operational risk and compliance throughout the Bank/Group, with respect to identifying, quantifying, reviewing, evaluating and measuring risk to ensure that all compliance and risk categories are identified and managed in accordance with regulatory, internal policies and procedures requirements.

Key responsibilities

Manage operational risk and regulatory risk for the Division/Department across legal entities or geography as stated in the appointment letter

Act as liaison and address all concerns and requirements of regulators with respect to risks within functional area of responsibility

Proactively manage risk in the Division/Department to reduce the likelihood or impact of negative events

Report risks to the Head of Division/Department in a timely manner to provide clear view of overall control effectiveness

Execute the operational risk framework of the bank in a robust and disciplined manner to achieve sound risk management practices and reporting

Partner and engage with the second line of defense to achieve optimal outcome of risk management

Validate division/department policies, procedures, SOPs for completeness and accuracy and sign-off on all SOPs

Build and execute the compliance risk framework within the Division/Department in a robust and disciplined manner

Support and lead the Division/Department in proactive identification and management of compliance risk

Identify areas with ineffective controls and work with relevant stakeholders to enhance overall control environment to mitigate compliance risks

Establish reverence for strong risk management by applying knowledge and understanding of business products, services and processes

Facilitate strong partnerships across various stakeholder groups and determine best methods of communication and establish escalation model

Ensure alignment of tasks between the 3 lines of defense to minimize overlap or gaps

Compile and analyse risk data for themes and trends and raise awareness of emerging risks in the industry

Ensure every business and support unit within the Division/Department has an RCU team and QA testers with proper appointment execution

Track and maintain updated list of RCU team and QA testers within the Division/Department

Facilitate relevant training within the Division/Department and cascade risk information or program updates to RCU team and QA testers

Provide guidance to support RCU team and QA testers in their role

Monitor performance against relevant RCU team and QA testers KPIs

Develop direct and indirect subordinates with well thought through and executable action plans

About you

Bachelor Degree holder or equivalent

Professional or post graduate qualifications such as Chartered Accountant, CFA, MBA, LLB

Minimum 10 years work experience with relevant experience in a risk/audit/compliance/legal related role within the relevant business/function

Excellent communication skills both verbal and written

Understanding of risk drivers and ability to articulate risk to non-risk personnel

In depth knowledge of risk related to business/function

Able to work autonomously

Demonstrated managerial, leadership and facilitation skills

Understanding of how a bank operates front to back

Good presentational skills, Microsoft Word, Excel and PowerPoint

Agile, analytical, results oriented, detail oriented, problem solving, accuracy, urgency, timeliness, responsible, accountability and good team work

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