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Non-Financial Risk Unit Lead

Salary undisclosed

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The Non-Financial Risk Unit Lead is to support CRO in management of operational risks and in Boost Digital Bank:

1. Ensure effective implementation of Operational Risk Management (ORM), Business Continuity Management and Managing Customer Information & Permitted Disclosures, Outsourcing and New Products Frameworks for the Bank.

2. Implement the Non-Financial Risk solutions in line with Basel, regulatory requirements, and best practices.

3. Ensure end-to-end operational risk identification, measurement, monitoring and reporting across the Bank.

4. Recommend effective controls against the risks arising at Business level.

5. Reporting of non-financial risk related matters to MRCC and BRCC.

Responsibilities:

Policies, procedures and standard operating procedures

  • Implement and maintain Operational Risk Policies, Procedure and SOP including but not limited to Operational Risk Management (Risk & Control Self Assessment, Key Risk Indicator, Key Control Testing) and Outsourcing.
  • Establish and implement an overall risk management framework for implementing new products and product variations to existing products.
  • Implement the Business Continuity Management (BCM) Policy and SOP, including on-going monitor the Business Continuity Plan (BCP), Business Impact Analysis (BIA), Risk Assessment (RA), BCP Tests or exercise with Critical Business Functions.

Risk review and reporting

  • Monitor, track, report and validate the Loss Event Reporting (LER) Management process till submission to regulator.
  • Produce relevant Non-Financial Risk Report to Management, including regulator such as Operational Risk Reporting (ORR) (previously known as ORION) reporting.
  • Review of all new/ revised product proposals submitted by Product Owners.
  • Monitor, track and report all annual BIA, BCP, RA, BCP test results and BCM related issues and details and table to MRCC/ and BRCC.

Training and Awareness

  • Conduct Operational Risk Management, Business Continuity Management, Outsourcing, Products and MCIPD training and provide guidance to Business Units.

Ad-hoc (Projects or initiatives)

  • Undertake non-financial risk projects or initiatives that are related to us.

Job Requirements & Criteria:

  • Bachelor's degree or equivalent.
  • At least 5-7 years of relevant hands-on banking experience, especially in ORM.
  • Experience in Operational Risk Management or a related role.
  • Good knowledge of related Bank Negara Malaysia’s policies documents and guidelines.
  • Strong analytical and problem-solving skills and attention to the above details