Risk Innovation & Regulatory Affairs Manager

RHB Banking Group; Kuala Lumpur; On-site; MYR 200,000 - 250,000; Full time

Job summary

A leading financial services provider in Malaysia is looking for a Risk Innovation & Regulatory Affairs Manager. This role involves analyzing operational data, enhancing processes through AI/ML solutions, and managing ICAAP submissions to meet regulatory standards. The ideal candidate should have a strong background in risk management and stakeholder collaboration, aiming to promote continuous improvement within the organization.

Qualifications

• Experience in operational and performance data analysis.
• Strong background in Machine Learning systems design.
• Understanding of regulatory requirements for ICAAP.

Responsibilities

• Conduct studies to identify process improvements.
• Manage system development lifecycle for solutions.
• Perform Risk Appetite Setting and Material Risk Assessment.

Skills

Data analysis

Machine Learning

Stakeholder engagement

Report preparation

Process improvement

Job description

Risk Innovation & Regulatory Affairs Manager

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Continuous Process Improvement and Optimisation

• Conduct the studies of operational and performance data and identify opportunities to align business process and information technology.
• Conduct the designing of the solutions for workflow of business and reporting process for identified improvement areas.
• Manage the end-to-end lifecycle of design, development, UAT, deployment and ongoing support.
• Closely work with business stakeholders (reporting users) and developers to carry out the system development lifecycle (SDLC).

Artificial Intelligence/Machine Learning (AI/ML)

• Collaborate with relevant stakeholders to design and develop machine learning systems and applications.
• Perform machine learning tests and statistical analysis in order to fine‑tune the machine learning systems.
• Train systems and retrain as necessary.

ICAAP Submissions

• Perform the annual Material Risk Assessment (MRA) exercise which includes sending out the request to all business units, following up to obtain their response, reviewing their self‑assessment and providing feedback, consolidating the MRA assessment and producing the final MRA assessment at entity level and Group. The coverage for MRA coordination is not only for Malaysia entities but also for regional bank operations as well as regional investment bank operations.
• Perform the semi‑annual Risk Appetite Setting process including sending out requests to all risk and finance heads, following up to obtain the revised RAS metrics, reviewing the revised RAS metrics and providing feedback, consolidating the RAS for committees’ approval. The coverage for RAS coordination is not only for Malaysia entities but also for regional bank operations as well as regional investment bank operations.
• Prepare and finalize the ICAAP report for entities within RHB Group that are required to submit ICAAP report to the regulatory (as of 2025: RHB Bank, RHB Islamic, RHB Investment, RHB Thailand and RHB Brunei).
• Engage and explain the methodologies (on MRA and RAS) to all relevant parties, including business and support units, credit and control functions and also relevant senior management.
• Review and maintain the governance document on the MRA assessment and RAS for future reference and audit purposes.
• Engage relevant team monitoring the various risk metrics to gather and report the level of adherence with the risk appetite for Management and Board information on a monthly basis.

Adhoc matters

• Other adhoc matters as requested by the Group Chief Risk Officer, Head, Enterprise Risk Management or Enterprise Risk & Governance.

RHB Banking Group is a leading regional financial services provider headquartered and listed in Malaysia. Established in 1913, we offer comprehensive banking solutions across retail, business, corporate, and Islamic banking. With a strong presence in Malaysia and nine ASEAN countries, we are committed to delivering simple, fast, and seamless experiences. Guided by our brand promise, “Together We Progress,” we continue building a sustainable and inclusive future with our customers and stakeholders.