VP, Risk Management Planning-ERM

Sumitomo Mitsui Banking Corporation Malaysia Berhad; Malaysia; On-site; MYR 250,000 - 300,000; Full time

Job summary

A leading financial institution in Malaysia is seeking an experienced individual to assist the Head of Enterprise Risk Management. The role involves managing risk-related projects, ensuring compliance with regulations, and enhancing risk policies. Candidates should have extensive experience in financial institutions, especially in risk management, and possess strong stakeholder management and communication skills.

Qualifications

• A minimum of ten years' experience in a financial institution, preferably in Enterprise Risk Management.
• A minimum of five years' experience in policy review/development and project management.
• Strong understanding of BNM requirements.

Responsibilities

• Review and enhance risk policy and procedures related to Risk Appetite Framework.
• Coordinate monthly risk assessment and preparation of Risk Management Report.
• Assess and evaluate products to ensure compliance with risk management needs.

Skills

Strong stakeholder management skills

Team Player

Strong communication skills

Attention to detail

Education

Recognized degree in Accounting, Finance, Business Administration, Banking

Job description

Overview

Headquartered in Tokyo, Sumitomo Mitsui Banking Corporation (SMBC) is a leading global financial institution and a core member of Sumitomo Mitsui Financial Group (SMBC Group). Built upon our rich Japanese heritage since 1876, we put our customers first and provide seamless access to, from and within the Asia Pacific region. SMBC is one of the largest Japanese banks by assets and maintain strong credit ratings across our global integrated network. We work closely as one SMBC Group to offer personal, corporate and investment banking services to meet the needs of our customers.

With sustainability embedded within our strategy and operations, we are committed to creating a society in which today’s generation can enjoy economic prosperity and well-being, and pass it on to future generations.

SUMITOMO MITSUI BANKING CORPORATION MALAYSIA BERHAD

Job Summary

The holder of this job is mainly responsible to assist Head of Enterprise Risk Management in planning and managing risk management department projects, working groups and drive initiatives (including introducing relevant policies and frameworks and working with external vendors and consultants).

Responsibilities

1. Risk Governance and Policy: Review and enhancement of risk policy and procedures related to the Risk Appetite Framework, Risk Management Framework and ensure its compliance with Head Office requirements.
2. Risk Governance and Policy: Coordinate the monthly risk assessment and preparation of the monthly Risk Management Report.
3. Product review: Assess and Evaluating products and services to ensure align with risk mitigation and compliance requirements.
4. Product review: Ensure that the product and service align with regulations and effectively address the risk management needs.
5. Coordination and Planning: Coordinating and managing risk-related project by liaising with internal departments and external stakeholders to ensure smooth execution.
6. Coordination and Planning: Organizing project meetings, including preparing agendas, documenting discussions and follow up on action item to ensure timely completion.
7. Coordination and Planning: Collaborate with internal departments to facilitate risk management planning efforts, ensuring alignment with project timelines and departmental requirements.
8. Coordination and Planning: Provide administrative and analytical support for risk management planning activities, including documentation, data collection, and process improvement initiatives.
9. Others: Undertake ad-hoc tasks as assigned by Head of ERM/Senior Management from time to time.
10. Others: Produce reports as and when required by the Management in response to internal or external parties’ requirement e.g., BNM, RAM, etc.

Job Requirements

1. A recognized degree in Accounting, Finance, Business Administration, Banking, or quantitative discipline (such as Statistic, Mathematics, Actuarial). Other equivalent professional qualifications would be an advantage.
2. A minimum of ten (10) years’ experience in financial institution, preferably in Enterprise risk management or Credit, Market/Liquidity Risk Management.
3. A minimum of five (5) years’ experience in the areas of, policy review/ development, stress testing, project management of financial instruments.
4. Strong understanding on BNM requirement.
5. Sound knowledge on financial products.
6. Strong stakeholder management skills, able to work across all levels of the organisation.
7. Team Player.
8. Strong communication, interpersonal and presentation skills.
9. Attention to detail is essential.

Unlock job insights

Salary match Number of applicants Skills match

Sumitomo Mitsui Banking Corporation (SMBC) operates globally with extensive overseas branches that offers a broad range of financial services. Due to its incorporation of a wholly owned subsidiary in Malaysia, SMBC is now inviting you to be part of its talent pool where you can grow with us. This is indeed a good opportunity for you to chart your career collaboratively with SMBC to greater heights.

Sumitomo Mitsui Banking Corporation (SMBC) operates globally with extensive overseas branches that offers a broad range of financial services. Due to its incorporation of a wholly owned subsidiary in Malaysia, SMBC is now inviting you to be part of its talent pool where you can grow with us. This is indeed a good opportunity for you to chart your career collaboratively with SMBC to greater heights.

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