Job Descriptions To be responsible for the Operational Risk Management (ORM) and for the execution of MBSB Bank's risk management, encompassing the identifying, measuring, monitoring, controlling or mitigating and reporting of risk exposures Identify, assess and evaluate Operational Risk to enable the execution of the enterprise risk management strategy; Identify potential threats and vulnerabilities for business processes, associated data and supporting capabilities to assist in the evaluation of enterprise risk; Facilitate Risk Control Self-Assessment ("RCSA") exercise by Business Units. To assist in collection of Bank-wide Key Risk Indicators ("KRIs"), departmental KRIs, Loss Event Reporting (LER) and Key Control Testing (KCT); Review new/revised procedure, policy, framework, product prior submission to Management. Collect information and review documentation to identify control deficiencies; Provide independent risk assessment on the appointment / renewal of service provider and performance review for outsourcing and non-outsourcing arrangements; Review Operational risk responses with the relevant stakeholders for validation of efficiency, effectiveness and monitoring; Monitor risk and communicate information to the relevant stakeholders to ensure the continued effectiveness of the enterprise's risk management strategy; Ensure that Operational Risk Management and Outsourcing policies and procedures are compliant with internal / regulatory requirements; Identify and report on Operational risk, including compliance, to initiate corrective action and meet business and regulatory requirements; Develop Operational risk management awareness program and conduct training to ensure that stakeholders understand risk and contribute to the risk management process and to promote a risk awareness culture; Timely reporting to Senior Management and the Board (including Board Committees), as appropriate, on all operational risk related matters, including but not limited to proposing appropriate risk-mitigating actions; Facilitate operational risk assessments and monitor the capabilities around managing priority risks across the Bank; Ensure that an internal controls system which is effective in design and operation is in place to address all major risks; Any other task as may be assigned by Head of ORM or CRO from time to time. Threshold Qualification Bachelor Degree in Business Administration / Commerce / Accounting / Financing, Banking or equivalent. Experience/Skills At least 8 years of experience in banking and related fields such as external audit and consultancy. Key Competencies Good knowledge of key operational risks inherent in a financial institution, including Shariah risk; Keen understanding / knowledge of governance practices, internal control systems and ability to monitor risk management activities / programmes (and implementation thereof); Acute knowledge of enterprise risk management concepts, frameworks and methods; Strong understanding of processes and core management activities in financial institutions Ability to disaggregate business plans and transactions into component risks that the Bank is taking on, and recommend how to improve such plans and transactions by mitigating the risks; Strategic thinking and effective analysis of data; Sound business and financial judgment, and problem-solving skills; Strong verbal and written communication and negotiation skills; Ability to organize and motivate individuals at various levels. Show more Show less