Job Description

Description

Primary Objective:

• Oversee the coordination and the review of products & strategic business proposals and review the overall response to Group Risk Management feedback to facilitate the sign off by Group CRO or his designate
• Lead and guide the team in conducting Material Risk Assessment (MRA) process to identify material risks for RHB Banking Group
• Lead and guide the team in coordinating the Risk Appetite Setting (RAS) process and completing the ICAAP report
• Establish guidelines for the review of product and strategic business proposals, MRA, RAS and ICAAP related methodologies and processes
• Manage the secretarial function for Product Review Committee

Key Responsibilities:

Product and Strategic Business Proposal Review

• Review and recommend to the Head, Enterprise Risk & Governance on the governance process for product and strategic business proposals
• Review and decide on the readiness of the strategic and product proposals for final review and submission to the appropriate risk committee
• Oversee the overall coordination of review of proposals by Group Risk Management within the established turn around time
• Review and challenge on the reasonableness of the proposals from strategic & business risk and product governance perspective for the relevant authority consideration
• Assess and recommend on the materiality of change to the risk profile for a product variation in accordance with the approved guidelines and policies
• Manage the Agenda and communication with regards to the Product Review Committee (PRC) meetings
• Record the decision and finalised the meeting minutes for proper documentation of PRC proceedings
• Develop and maintain the relevant governance documents on product development and approval and strategic risk review for the Group
• Perform periodic check on the repository of product proposals

ICAAP

• Plan and organise the timeline for the various initiatives for the annual ICAAP submission
• Organise, manage and lead the implementation of the Material Risk Assessment (MRA) and Risk Appetite Setting (RAS) to comply with the relevant requirements on annual ICAAP submissions.
• Engage and explain the methodologies (for MRA and RAS) to all relevant parties, including business and support units, credit and control functions and also relevant senior management
• Review and finalise the relevant documentation on ICAAP processes to provide clear guidance to the relevant officers performing the functions
• Supervise and ensure that the level of adherence to the risk appetite is monitored and included in the monthly risk report for Management and Board information

Requirements

Requirements:
Bachelor Degree - Any related field(s).

• 5 years experience in financial institutions
• Working experience in risk management and Basel II IRB standards will be an added advantage

• Good understanding on overall risk management and ability to link control requirements to business or operating environment
• Strong understanding and knowledge of regulations relating to risk management
• Strong analytical skills

Benefits

Dental, Education support, Miscellaneous allowance, Medical, Loans, Sports (e.g. Gym), Parking, Vision, Regular hours, Mondays - Fridays, Casual Business Wear, Performance Based Rewards

RHB Bank