Job Description

:Key ResponsibilitiesAnalysis of gaps and Improvement of Control Environment * Actively monitor the portfolio of products under care to ensure that they abide by product programme parameters.

• To design and build the necessary systems and processes to ensure that the product control monitoring is effective and robust.
• In addition to Product Control role, the candidate will also act as the Department Compliance and Operational Risk Officer (DCORO).
• Review and perform analysis and highlight gaps/concerns or area of improvements for unit under purview.
• Ability to articulate clearly the gaps/concerns to stakeholders/HOD and proposed attainable and operational efficient operational solutions.
• Actively participate in risk initiative/plans and strategy to improve the control environment for unit under purview.

Initiate strong compliance and operational risk management practices * Ensure that the GC and GNFRM Policies and Procedures, laws/regulations/guidelines (including any updates), are communicated, to all staff within the units under purview.

• Ensure internal Policies and Procedures and/or Standard Operating Procedures are updated by business unit under purview to address laws/ regulations/ guidelines issued, wherever relevant/ applicable;
• Review and follow-up on any non-compliance (regulatory and operational) issues escalated within the respective units under purview for appropriate closure;
• Execute the operational risk framework of the bank as per GNFRM policy and procedure and ensure data is accurately recorded in a timely manner in the SHARP system for reporting and record purpose. of record
• For control gaps/ regulatory gaps/ compliance controls weaknesses identified, obtain agreement with unit responsible to ensure action plans (Control Issue Management - CIMs) are appropriate, prioritized, sustainable and that action plans are closed by the committed due date.
• Work with business unit under purview and RCU, carry out the implementation of the RCSA and ensure that the CET is updated and complete with the relevant processes / requirements / laws/ regulations/ guidelines and tested accordingly.
• With the support from RCU, provide on-going compliance and operational risk awareness training as required.
• Review and follow-up on any non-compliance (regulatory and operational) issues escalated within the respective units under purview for appropriate closure;
• Discuss with and obtain approval from the HOD and RCU before escalating and reporting the regulatory non-compliance issues;
• Provide guidance as needed to support the business in meeting their risk objectives
• Complete and support any ad-hoc tasks assigned by supervisor

CIMB