Head, Operational & Shariah Risk

Bank Pembangunan Malaysia Berhad (BPMB); Kuala Lumpur; On-site; MYR 150,000 - 250,000; Full time

Job summary

A leading financial institution in Malaysia is seeking a Head of Operational & Shariah Risk to lead the operational risk management efforts. This role involves overseeing risk practices, establishing robust risk frameworks, and collaborating with management on strategic insights. The ideal candidate will have at least 10 years of banking experience in operational risk management, including a minimum of 3 years in a managerial role, alongside a relevant degree. You'll be responsible for driving effective risk management and ensuring compliance with evolving regulatory requirements.

Qualifications

• 10 years of experience in Operational Risk Management in banking.
• 3 years of proven management experience.
• Strong understanding of socio-economic and technology challenges.

Responsibilities

• Oversee operational risk management practices across the Bank.
• Develop risk appetite and tolerance levels.
• Establish and maintain an effective operational risk framework.

Skills

Operational Risk Management

Stakeholder Management

Regulatory Knowledge

Analytical Skills

Education

Bachelor’s degree in Business Administration / Economics / Accounting / Information Technology

Job description

Job Summary

Responsible for ensuring that operational risk impact across the Bank is minimized, with a purpose to oversee and continually improve operational risk management through implementation of relevant methodologies and awareness program. Facilitating to improve risk profiling for risk-based decision making including management of regulatory responsibility, sharing and implementation of best practices.

Job Description

Desired Goals

• Formulate operational risk appetite and tolerance level in comprises of but not limited to risk rating, impact matrix and likelihood reference table.
• Strategize for capturing and analysis of operational risk losses information.
• Provide operational risk report for risk management committee involving operational risk exposure, loss experience and risk profiles of the Bank.
• Build and maintain strong relationship with control Function for comprehensive internal control recommendation and implementation.
• Provide review or validation for introduction of internal control document, outsourcing activities and proposed services or project management.
• Consult the Management on strategic insight of technology and recommendation for IT controls to mitigate risk exposures.
• Establish technology and cyber risk management capacities in providing overall monitoring and management of cyber resilience framework.

Customer

• Establish framework and policies to govern the implementation of operational and Shariah risk, technology risk and business continuity of the Bank.
• Develop operational risk management methodologies and tools in accessing and managing the day-to-day operational risk in respective Functions.
• Perform business continuity management including recovery strategy for successful restoration to Business as Usual (BAU).
• Establish Security Operation Centre (SOC) for centralised monitoring of managed security services including network, security, vulnerability and threat notification and alerts.
• Perform validation on internal control implementation which include but not limited to sign-off process for procedure, guidelines and project risk assessment.

Internal Process

• Ensure establishment of operational risk management related procedures
• Strategize the implementation of operational risk profiles including risk identification, risk assessment, control gaps and action plan.
• Ensure comprehensive of operational risk management implementation via automation capability including centralised repository of historical information.
• Promote international standard and best practices for internal control.

Learning & Growth

• Build relationship and network within organizations and financial industry to obtain understanding on relevant evolvement of operational risk & challenges.
• Define goals and key performance indicators for operational risk officers and ensuring effective implementation of performance management process.
• Develop talent within the team by providing guidance and coaching to achieve the defined goals.
• Establish learning program for specific operational risk topics or module.
• Perform continuous engagement with Risk Owner and designated risk liaison officer to cultivate strong operational risk awareness within Bank.

Job Requirements

• Bachelor’s degree in Business Administration / Economics / Accounting / Information Technology or equivalent.
• Minimum of ten (10) years of experience in Operational Risk Management for banking including a minimum of three (3) years with proven and progressive management experience.
• Sound understanding of the socio-economic development challenges, technology advancement and local development initiatives.

Head, Operational & Shariah Risk (Open)

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