bankislam
Telephone No.
.
Working Hour
Regular hours, Mondays - Fridays
Min. Working Experience
10 year(s)
Job Category
Banking/Financial Services
Location
Kuala Lumpur, Kuala Lumpur, MALAYSIA
Salary
-
Telephone No.
.
Working Hour
Regular hours, Mondays - Fridays
Salary
-
Job Category
Banking/Financial Services
Location
Kuala Lumpur, Kuala Lumpur, MALAYSIA
Min. Working Experience
10 year(s)
Description

Summary

The Head of ERU’s main function will include oversight of risk and compliance matters at all units within the Division.  The Head of ERU serves as focal point for Risk Management and Compliance Division in addressing any risk and compliance issues to strengthen and enhance the governance, processes and culture for an effective risk and compliance oversight across the division.

Head of ERU will assume the roles of Business Compliance Officer (BCO). The ERU will have direct reporting to Chief Technology Officer and dotted line reporting to Risk Management & Compliance Division.

 Duties and Responsibilities

Risk Management

  1. To supervise, monitor and provide support to all Risk Controller (RCs) in the Division in implementing the Operational Risk Management (ORM) and Shariah Compliance Risk Management (SCRM) framework, guidelines, processes and tools.
  2. To timely follow up on resolutions of mitigation actions in order to mitigate the risk and to ensure the control implemented is effective and within the risk appetite.
  3. To ensure the significant risk and incident is timely escalated and reported.
  4. To provide awareness and educate the RCs and staff within the division on the risk related function.
  5. To verify and validate the implementation of ORM tools within the division to ensure reporting integrity.
  6. To ensure policies, guidelines and manual are current and up to date and in line with the Standard for the Control of Operational Risk (SCOR) requirement.
  7. To represent the Division at the relevant risk committee meetings.
  8. To perform the functions as prescribed under the Job Description for BRO/SRO as stipulated in the ORM Guidelines (Ref: RMD/ ORM 2/ Version 8.0/ 2018) and its subsequent updates.

Compliance

  1. To keep abreast with the development and/or changes in acts, laws, rules and regulation issued by regulators and understand the spirit behind such regulatory requirements.
  2. To ensure new regulations and requirements are localised and operationalised through the issuance of appropriate policies and procedures while working internally with the Head of Division/Department.
  3. To disseminate new regulatory guidelines/requirements and brief pertinent information on regulatory compliance matters to the staff in the respective BU/SU and serve as focal point for Compliance Division in addressing any compliance risk issue.
  4. Shall be guided by Guidelines on Risk Based Compliance Methodology when performing assessment of residual compliance risk.
  5. To educate and coach the staff in respective BU/SU on prevailing acts, laws and regulations.
  6. To highlight and report any non-compliance issue, respond to/investigate alleged violations of regulatory compliance and evaluating or recommending new processes to mitigate compliance risk.
  7. To assist AML/CFT Department in ensuring compliance to Anti Money Laundering and FATCA procedures including unwrapping the beneficial owner (BO) of a company/entity.
  8. To perform review of new and existing regulations using Risk-Based Compliance Methodology jointly with RCD/PCG within stipulated timeline.
  9. To ensure assurance processes are in line with the industry standards and the Compliance Division’s expectation in respect of regulatory requirements.
  10. To be involved/participate in any products/services/channels to be introduced by the Bank
  11. To perform the functions as prescribed under the job description for BCO as stipulated in the Guidelines for Business Compliance Officers (Ref: CD/Version 1.0/04.2015) and its subsequent updates.

Other Functions

  1. Ensure adherence and compliance to all internal policies / guidelines and external regulatory requirements.
  2. Any other duty / assignment as and when directed / assigned by the superior as per operations/ business requirement from time to time.
Requirements
  • Degree in any disciplines preferably in IT or equivalent experience.
  • More than 10 years’ experience in banking industry and/or relevant experience in risk management, compliance and information technology.
  • Familiarity with regulatory and risk management processes.
  • Strong managerial skill and highly driven.
  • Able to evaluate alternatives objectively and make effective, realistic and timely decision and recommendation.
  • Be an assertive and innovative team player, highly independent, committed, self-motivated, resourceful and result-oriented.
  • Ability to network across a variety of functions at various levels.
  • Ability to multi-task, highly numerical with great attention to detail and work with various levels of people.
  • Experience of working in fast-moving business environment.
  • Good communication and interpersonal skills.
  • Strong computer skills (e.g. MS. Word, Excel, PowerPoint).
  • Able to work under pressure to meet datelines.
Benefits

The benefits will be based on Senior Manager position at Bank Islam.

Key Skills

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