Executive, Operational Risk Reporting & Policy (Product Risk Review)

Bank Pertanian Malaysia Berhad (Agrobank); Kuala Lumpur; On-site; MYR 60,000 - 80,000; Full time

Job summary

A leading Malaysian bank is seeking an Operational Risk Manager to review and formulate operational risk documentation per regulatory standards. The ideal candidate will have at least 3 years of relevant experience, strong knowledge of banking products, and exceptional communication skills. This role involves conducting risk assessments and engaging with stakeholders to enhance risk awareness within the organization.

Qualifications

• Must have a minimum of 3 years of relevant experience.
• Understanding of banking products and risk management tools is essential.
• Knowledge of operational risk management, internal control, and regulatory requirements is crucial.

Responsibilities

• Formulate and review Operational Risk documents according to regulatory requirements.
• Provide assessments from an operational risk perspective on bank documents and initiatives.
• Conduct operational risk training and engage with stakeholders.

Skills

Operational risk management

Communication skills

Interpersonal skills

Risk assessment

Banking products knowledge

Education

Bachelor’s Degree in Business, Accounting, Finance, Actuarial Science, Risk Management

Job description

Responsibilities

• Responsible to formulate and review Operational Risk (OR) documents (framework/ policy/ operation manual) in accordance with the regulatory requirements and the Bank’s direction.
• Provide Sign Off/assessment from operational risk perspective on the Bank’s documents and initiatives.
• Effective operational risk awareness through engagement with respective stakeholders, detailed walkthroughs and process mapping to identify significant risks and controls or conducting operational risk trainings or related programs.
• Risk liaison in providing support and effective communication, education as well as advisory to build risk awareness within the organization.
• To interact and build effective working relationships with peers and all levels of management.
• To cultivate risk culture and best practices within the organisation by promoting controls and risk mitigations in minimising operational losses to the Bank.
• Keep abreast of latest operational risk management techniques, regulatory updates and industry best practices.
• Establish and review Operational Risk (OR) documents i.e. framework/ policies/ operation manual in accordance with the regulatory requirements and the Bank’s direction.
• Prepare a proposal paper on any enhancement/development of OR Documents to be presented to the relevant management committee, as well as ensure that all OR Documents are circulated and communicated within the timeframe specified.
• Provide feedback/confirmation/validation on Materiality Assessment for the Bank’s documents to Business Units.
• Perform risk assessment on Bank’s initiatives, new and revised products/program as well on outsourcing arrangements.
• Provide feedback/confirmation/validation on Summary Sheet Sign Off for Product/Program and Marketing Material to Business Units.
• Responsible to review and provide assessment on draft exposure/policy document issued by BNM, and develop/incorporate new documents based on the assessment.
• Provide ongoing advisory on OR policies/procedures matters.
• Represent Operational Risk Management Department (ORMD) in meetings on Bank’s initiatives with business units including briefing on governance process for Manual and Product/Program development.
• Determine types of product/program (New/Unique/Complex/Variation).
• Determine materiality for the Bank's document development/review.
• Assist the Section Head with any assigned tasks from time to time.

Qualifications

• Education: Bachelor’s Degree in Business, Accounting, Finance, Actuarial Science, Risk Management or related discipline.
• Experience: 3 years with related experience.
• Well versed in banking products and risk management tools & techniques.
• Understanding of operations of products and services in the Bank.
• Knowledge & experience in implementing OR according to Basel.
• Good knowledge and understanding of operational risk management, internal control and regulatory requirements.
• Good communication and interpersonal skills and ability to work well with other stakeholders.