Job Description

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• Responsible to support the management of operational risk and regulatory risk for units under purview in Group Operations MY as stated in the appointment letter.
• Execute operational risk framework with the support from HOD/RCS as per Group Non- Financial Risk Management (\xe2\x80\x9cGNFRM\xe2\x80\x9d) & Group Compliance (\xe2\x80\x9cGC\xe2\x80\x9d) requirements for to meet desire validation score for Group Operations as a whole.
• For external regulatory examination: the DCORO is responsible to support the HOD/RCS in addressing all concerns and requirements of regulators with respect to risks within their functional area of responsibility.
• Perform advisory role to the HOD in term of risk and compliance matter.

Analysis of gaps and Improvement of Control Environment * 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 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.
• Provide guidance as needed to support the business in meeting their risk objectives
• Complete and support any ad-hoc tasks assigned by supervisor.

Initiate strong compliance 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;
• Discuss with and obtain approval from the HOD and RCU before escalating and reporting the regulatory non-compliance issues;
• Support RCU to effectively implement and execute all the policies and procedures owned by Group Compliance within the division/department/branch to achieve sound compliance risk management practices and reporting
• Support RCU in performing gap analysis for the new and/or updated legal and regulatory requirements and take appropriate action to closed the identified gaps.
• Support RCU to effectively identify, manage and monitor compliance risk within the div./dept. using compliance risk tools
• Conduct compliance controls self-testing in accordance to the methodology documented in Group Compliance Policy and Procedures, Group AMLCFT and TFS Policy, Group Sanctions Policy and Procedures, Group Watchlist Policy and Procedures.
• 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.
• Support RCU and unit under purview in internal/external audits or GC reviews.
• Obtain the Compliance Declaration Form from new employees (as and when they join) within the units under purview and retain the same for review by Group Compliance/GIAD/ regulators as and when they deem fit;
• Complete and support any ad-hoc tasks assigned by supervisor.
• To act as the liaison in relation to all compliance related matters within the Division/ Department;
• To carry out the implementation of the RCSA programme within the Division/Department, and ensure that the RCSA is updated with the relevant legal and regulatory requirements and tested accordingly;
• Support the Department/Unit in establishing the process flow i.e. SOP/QP and updating the document when there is changes.
• Perform risk assessment and guidance to the Department during the onboarding of new processes.
• Perform investigation/review/gather information of incidents occurred at the Department and assist on preparation/write up of Incident reports

Support risk culture initiatives * Support RCO in ad hoc thematic/deep dive reviews on processes and controls for assigned portfolio.

• Liaise with business support team (as and when required) to determine corrective action plan for gaps identified and work towards closing the gaps.
• Promote a reverence for strong risk management by applying knowledge and understanding of business products, services and processes
• Collaborate across various stakeholder groups, determine best methods of communication and establish escalation model
• Promote guidance as needed to support the business in compliance with operational risk and compliance risk management framework

Employee development * Comply with HR performance processes and meet internal DCORO KPIs

• Complete the required training assignment and ensure solid understanding of the framework, tools and system

CIMB