Executive, Operational Risk Reporting & Policy (Product Risk Review)

Responsibilities

• Responsible to formulate and review Operational Risk (OR) documents (framework / policy / operation manual) in accordance with the regulatory requirements and the Bank’s direction.
• Provide Sign Off / assessment from operational risk perspective on the Bank’s documents and initiatives.
• Effective operational risk awareness through engagement with respective stakeholders, detailed walkthroughs and process mapping to identify significant risks and controls or conducting operational risk trainings or related programs.
• Risk liaison in providing support and effective communication, education as well as advisory to build risk awareness within the organization.
• To interact and build effective working relationships with peers and all levels of management.
• To cultivate risk culture and best practices within the organisation by promoting controls and risk mitigations in minimising operational losses to the Bank.
• Keep abreast of latest operational risk management techniques, regulatory updates and industry best practices.
• Establish and review Operational Risk (OR) documents i.e. framework / policies / operation manual in accordance with the regulatory requirements and the Bank’s direction.
• Prepare a proposal paper on any enhancement / development of OR Documents to be presented to the relevant management committee, as well as ensure that all OR Documents are circulated and communicated within the timeframe specified.
• Provide feedback / confirmation / validation on Materiality Assessment for the Bank’s documents to Business Units.
• Perform risk assessment on Bank’s initiatives, new and revised products / program as well on outsourcing arrangements.
• Provide feedback / confirmation / validation on Summary Sheet Sign Off for Product / Program and Marketing Material to Business Units.
• Responsible to review and provide assessment on draft exposure / policy document issued by BNM, and develop / incorporate new documents based on the assessment.
• Provide ongoing advisory on OR policies / procedures matters.
• Represent Operational Risk Management Department (ORMD) in meetings on Bank’s initiatives with business units including briefing on governance process for Manual and Product / Program development.
• Determine types of product / program (New / Unique / Complex / Variation).
• Determine materiality for the Bank's document development / review.
• Assist the Section Head with any assigned tasks from time to time.

Qualifications

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