Job Description

Job Purpose

• To oversee adequacy and effectiveness of the Risk Control within the BU/BE.
• Provide guidance and support to BU/BE in designing and implementing appropriate controls to strengthen the control environment and mitigating risks.
• Enable the effective execution of the operational risk and compliance action plans with respect to identifying, quantifying, reviewing, evaluating and measuring risk to ensure that all compliance and risk categories are identified and managed in accordance with regulatory, internal policies and procedures requirements.

• Execute the operational risk framework of the bank in a robust and disciplined manner so as to achieve sound risk management practices and reporting.
• Proactively partner and engage with the second line of defense to achieve an optimal risk management for the CIMB Group.
• Review the adequacy and relevancy of the controls in place.
• Perform timely review to assess risk mitigation controls to ensure adequate risk mitigation action are implemented and monitored.
• Validate data on all ShARP controls set out by NFRM.

• RCSA

• CET

• KRI

• LED/RCA

• CIM

• Proactively validate division/department policies, procedures, SOPs for completeness and accuracy.
• Perform risk evaluations . Compile and analyse risk data for themes and trends of emerging risk within the organisation.
• Proactively identify areas with ineffective controls and work with the relevant stakeholders to enhance overall control environment to mitigate compliance risks. Initiate discussion with relevant stakeholders, review and concur on the gap analysis.
• Updating and maintaining records in the relevant trackers. Prepare slides/ reports for the applicable governance meetings