AVP, Risk Control Unit

To ensure that the appropriate Controls & effective risk management are in place across the Group Consumer Banking. The unit is accountable for ensuring robust and compliant processes and controls across each of the sub functions of Consumer Banking and ensure effective execution of processes with the stated controls. Identify avenues of risk to support forward-planning strategies.

Key Responsibilities

Assist Risk Control Specialist (RCS) in proactively managing the risk in the Division / Department to reduce the likelihood or impact of negative impact events

Responsible to report risks to the Head of Division / Department of the pillars assigned to him / her in a timely manner so that Heads of Division / Department have a clear view of the overall control effectiveness of their unit.

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 first & second line of defense to achieve an optimal outcome of risk management for the CIMB Group.

Proactively validate division / dept policies, procedures, SOPs for completeness and accuracy & sign-off on all SOPs

Build and execute the compliance risk framework within the Division / Department in a robust and discipline manner so as to achieve sound compliance risk management practices and reporting.

Support and lead the Division / Department in relation to proactive identification and management of compliance risk.

Proactively identify areas with ineffective controls and work with the relevant stakeholders to enhance overall control environment to mitigate compliance risks.

Establish a reverence for strong risk management by applying knowledge and understanding of business products, services and processes

Facilitate strong partnerships across various stakeholder groups, determine best methods of communication and establish escalation model

To ensure an alignment of tasks between the 3 lines of defense to minimize overlap or gaps arising during execution of role and responsibilities

Compile and analyse risk data for themes and trends; raise awareness of emerging risks in the industry and recommend mitigation measures

Provide guidance as needed to support RCU team and QA testers in their role

Key Dimension of Impact :

Operational Risk & Compliance of Group Consumer Banking

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