Manager, Risk - Third Party Risk Oversight MY

CIMB Bank Berhad; Kuala Lumpur; On-site; MYR 150,000 - 230,000; Full time

Job summary

CIMB Bank Berhad in Kuala Lumpur is seeking a Manager, Risk - Third Party Risk Oversight MY to develop and maintain an effective Third Party Risk Management framework across the group. You will provide governance, oversight and advisory for outsourcing, partnerships and vendor engagements.

You’ll drive risk assessments, implement mitigations, and report to risk committees, while promoting awareness and ensuring regulatory alignment within the banking environment.

Qualifications

• Bachelor's Degree or Professional Qualification in Information Systems / Business / Banking / Finance / Accounting / Statistics / Economics / IT.
• 3–5 years of experience in compliance, operational risk, outsourcing fields, preferably in a bank or financial institution.
• Experience in Supply Chain Management is an advantage.
• Strong foundation on process design and operational risk related matters.
• Excellent communication and presentation skills.

Responsibilities

• Develop, implement and maintain a robust Third Party Risk Management framework.
• Provide governance, oversight and advisory to BUs/BEs in third party risk assessments.
• Embed the framework to ensure regulatory compliance where applicable.
• Provide timely reporting to risk committees as per framework requirements.
• Promote awareness and training on third party risk management across the group.
• Collaborate with SRs/SOs, RCUs, RCSs, and DCOROs to address third party risks and incidents.

Skills

Analytical skills

Presentation skills

Verbal and written communication

Teamwork

Conflict management

Critical thinking

Problem solving

Planning and organising

Education

Bachelor's Degree or Professional Qualification in Information Systems / Business / Banking / Finance / Accounting / Statistics / Economics / IT

Job description

Manager, Risk - Third Party Risk Oversight MY

As the second line of defence, you will be responsible for the development, implementation and on-going maintenance of an effective and consistent Third Party Risk Management framework with coverage of outsourcing, partnerships and vendors/suppliers engagements. The responsibility includes providing governance, oversight and advisory to support Business Units (BUs) / Business Enablers (BEs) in managing third party risks. You will support the Head, Regional Third Party Risk Management to oversee the governance and reporting with respect to third party risks within the Group.

Key responsibilities

Drive the implementation and embedding of a robust Third Party Management Framework across the Group ensuring compliance to regulatory requirements where applicable

As the 2nd line of defence, provide governance, oversight and advisory on Third Party Risk Management related matters in providing consultation to all BUs/BEs in performing third party risk assessments to identify potential failure points, threats, and vulnerabilities

Implement appropriate mitigation controls to minimise the impact to the organisation throughout the engagements with third party with support from other key stakeholders (i.e. Technology Risk Management, Business Continuity Management, Technology, Data Governance, Legal & Compliance, Admin & Property Management, Procurement and Finance)

Provide management with a view of the Groups Third Party Risk as part of the Groups preparedness and capabilities in the event of a major disruption

Timely reporting and awareness in relation to third party risks to relevant risk committees as per framework requirement

Promote a culture in managing third party risk through awareness sessions, engagement sessions, focus group sessions or trainings to BUs/BEs

Work closely with Service Recipients (SRs) / Service Owners (SOs) of BUs/BEs Risk Control Units (RCUs) / Risk Control Specialists (RCSs) / Designated Compliance & Operational Risk Officers (DCOROs) to ensure third party risks/incidents/events are promptly identified, escalated and addressed as per Operational Risk Management framework

About you

Bachelor's Degree or Professional Qualification in the relevant discipline (Information Systems / Business / Banking / Finance / Accounting / Statistics / Economics / IT)

3 - 5 years of experience of compliance, operational risk, outsourcing fields, preferably in established bank / financial institutions

Experience in Supply Chain Management is an advantage

Strong foundation on process design and operational risk related matters

Critical thinking and problem solving skill

Aptitude to dive into details to ensure controls are properly executed

Good in planning and organizing

Strong presentation and analytical skill

Excellent verbal and written skill

Good team work

Good conflict management

Banking & Credit More than 10,000 employees

CIMB Group is one of ASEAN’s leading universal banking groups and is Malaysia’s second largest financial services provider, by assets. It offers consumer banking, commercial banking, investment banking, Islamic banking and asset management products and services. Headquartered in Kuala Lumpur, the Group is present in all 10 ASEAN nations (Malaysia, Indonesia, Singapore, Thailand, Cambodia, Brunei, Vietnam, Myanmar, Laos and Philippines). Beyond ASEAN, the Group has market presence in China, Hong Kong, India, Sri Lanka, Korea, the US and UK.

CIMB Group has the most extensive retail branch network in ASEAN approximately of 720 branches as at 30 September 2019. CIMB Group’s investment banking arm is also one of the largest Asia Pacific-based investment banks, offering amongst the most comprehensive research coverage around of 600 stocks in the region.

CIMB Group operates its business through three main brand entities, CIMB Bank, CIMB Investment Bank and CIMB Islamic. CIMB Group is also the 92.5% shareholder of Bank CIMB Niaga in Indonesia, and 94.8% shareholder of CIMB Thai in Thailand.

CIMB Group is listed on Bursa Malaysia via CIMB Group Holdings Berhad. It had a market capitalisation of approximately RM48.9 billion as at 30 September 2019. The Group has around 36,000 employees located in 16 countries

For more information, please visit www.cimb.com

CIMB Group is one of ASEAN’s leading universal banking groups and is Malaysia’s second largest financial services provider, by assets. It offers consumer banking, commercial banking, investment banking, Islamic banking and asset management products and services. Headquartered in Kuala Lumpur, the Group is present in all 10 ASEAN nations (Malaysia, Indonesia, Singapore, Thailand, Cambodia, Brunei, Vietnam, Myanmar, Laos and Philippines). Beyond ASEAN, the Group has market presence in China, Hong Kong, India, Sri Lanka, Korea, the US and UK.

CIMB Group has the most extensive retail branch network in ASEAN approximately of 720 branches as at 30 September 2019. CIMB Group’s investment banking arm is also one of the largest Asia Pacific-based investment banks, offering amongst the most comprehensive research coverage around of 600 stocks in the region.

CIMB Group operates its business through three main brand entities, CIMB Bank, CIMB Investment Bank and CIMB Islamic. CIMB Group is also the 92.5% shareholder of Bank CIMB Niaga in Indonesia, and 94.8% shareholder of CIMB Thai in Thailand.

CIMB Group is listed on Bursa Malaysia via CIMB Group Holdings Berhad. It had a market capitalisation of approximately RM48.9 billion as at 30 September 2019. The Group has around 36,000 employees located in 16 countries

For more information, please visit www.cimb.com