Manager, Designated Compliance & Operational Risk Officer (DCORO) – Corporate & Investment Banking Coverage

CIMB; Kuala Lumpur; Presencial; MYR 120.000 - 180.000; Jornada completa

Descripción de la vacante

CIBC in Kuala Lumpur is seeking a regulatory compliance and risk management professional to identify and analyze business changes, coordinate mitigations, and drive adherence to internal policies and external regulations. The role involves risk assessment, escalation, remediation, and strong liaison with the 2nd line of defense and governance functions.

The candidate should have 5+ years in regulatory compliance or risk & control within financial services, ICA certifications considered an

Formación

• Degree in Business or Banking/Financial services related discipline.
• ICA-related certifications would be an added advantage.
• Minimum 5 years work experience preferably in regulatory compliance / business risk & control, or internal audit in a financial institution.
• Audit / Regulatory Compliance / First Line of Defence Risk & Control role.
• Operational risk concepts & risk management principles and controls.
• Understanding of corporate banking business processes/ practices.
• Ability to assess levels of adherence/execution and identify risk / control improvement opportunities.
• Critical thinker and solutions provider.

Responsabilidades

• Identify business changes and coordinate/prepare the required analysis to review such changes, and ensure proper mitigating controls.
• Support risk identification, escalation & remediation.
• Identify recommendations to improve the quality of internal controls and risk mitigations.
• For operational risk-related matters, formulate, implement or review action plans of BUs to address control gaps/regulatory gaps/control weaknesses identified.
• Drive compliance with GNFRM and internal procedures, applicable laws/regulations/guidelines.
• Review and implement relevant internal Policies and Procedures and/or SOPs to address laws/regulations/guidelines.
• Participate and drive the RCSA program for GWB CIBC.
• Capture and track key Compliance and Operational Risk events, gaps and risk mitigating actions via the GRC system and facilitate validation by Risk Control Unit.
• Undertake effective control self-testing measures in the form of KRI and CET.
• Drive and participate in operational risk related projects.
• Drive compliance with GC policies and procedures.
• Support gap analysis via Regulatory Change Management modules in GRC System; close identified gaps.
• Support GWB CIBC during audits & thematic reviews by internal/external stakeholders.
• Be a business advisor and liaison for front-liners and Second Line of Defense for regulatory/compliance and internal requirements (AML/CFT, Sanctions, FX Policy, Connected Party, ABC regulations).
• Provide guidance to support the business in meeting risk objectives.
• Participate in and contribute to other key processes of CIBC including Watchlist Alerts Management, Personal Account Dealing, AB&C declarations, cross-border activities, mandatory leaves and training.
• Undertake tasks relating to regulatory or compliance as required by the Head of CIBC Governance.

Conocimientos

Risk assessment

Regulatory awareness

Analytical thinking

Critical thinking

Educación

Bachelor's degree in Business/Banking/Finance

Herramientas

ICA certifications (ACAM, ACRC, CIA)

Descripción del empleo

• Identify business changes and where appropriate, coordinate and prepare the required analysis to review such changes, and ensure proper mitigating controls.
• Support GWB CIBC in risk identification, escalation & remediation.
• Identify recommendations to improve the quality of internal controls and risk mitigations.
• For operational risk-related matters, formulate, implement or review action plans of BUs to address control gaps/ regulatory gaps/ control weaknesses identified.
• Drive compliance with Group Non-Financial Risk Management (GNFRM) and GWB CIBC’s internal procedures, applicable banking laws/regulations/guidelines.
• Review and implement relevant internal Policies and Procedures and/or Standard Operating Procedures and ensure they are updated to address laws/ regulations/ guidelines issued, where applicable.
• Participate and drive the Risk & Control Self-Assessment (RCSA) program for GWB CIBC.
• Facilitate the review, capturing and tracking of key Compliance and Operational Risk events, gaps and risk mitigating actions as required in the form of Management Self-Identified Issues (MSII), Control Issue Management (CIM) or Lost Event Data (LED) via the GRC system and facilitating the validation process by Risk Control Unit.
• Undertake effective control self-testing measures in the form of Key Risk Indicator (KRI) and Control Effectiveness Testing (CET).
• Drive and participate in operational risk related projects where required.
• Drive compliance with Group Compliance’s (GC) policies and procedures.
• Support the performance of gap analysis via the Regulatory Change Management (RCM) modules in GRC System for the new and/or updated regulatory requirements. Drive appropriate actions to closed the gaps identified.
• Support GWB CIBC during audits & thematic reviews by internal /external stakeholders where applicable.
• Business advisor, key liaison and key escalation point for the front-liners as well Second Line of Defense functions in relation to regulatory/compliance and internal requirements related matters for GWB CIBC inclusive of but not limited to AML/CFT, Sanctions, Foreign Exchange Policy, Connected Party, Anti-Bribery & Corruption related regulations. Provide guidance as needed to support the business in meeting their risk objectives.
• Drive, provide advice, or participate in compliance related projects, improvement programs or remediation activities where required.
• Participate in and contribute to other key processes of CIBC inclusive of Watchlist Alerts Management, Personal Account Dealing, AB&C declarations, cross-border activities, mandatory leaves and training.
• Undertake tasks relating to regulatory or compliance as and when required by the Head of CIBC Governance.

Job Requirements

• Degree in Business or Banking/Financial services related discipline.
• International Compliance Association (“ICA”) related certifications such as Advanced Certification in Anti-Money Laundering / Counter Financing in Terrorism (ACAM), Advanced Certification in Regulatory Compliance (ACRC), Certified Internal Auditor (“CIA”) etc. would be an added advantage.
• Minimum 5 years work experience preferably in regulatory compliance / business risk & control, or internal audit in a financial institution.
• Audit / Regulary Compliance / First Line of Defence Risk & Control role.
• Operational risk concepts & risk management principles and controls.
• Understanding of corporate banking business processes/ practices.
• Ability to assess levels of adherence/execution and identify risk / control improvement opportunities.
• Critical thinker and solutions provider.

Note: Only shortlisted candidate will be notified.