Assistant Vice President, Risk & Compliance

Location: 

Kuala Lumpur, MY, 50450

Category:  Permanent
Facility:  2321

About Alliance Bank Malaysia Berhad

 

Alliance Bank Malaysia Berhad and its subsidiary, Alliance Islamic Bank Berhad, offers banking and financial solutions through its consumer, SME, corporate, commercial and Islamic banking. The Bank provides easy access to its broad base of customers throughout the country via multi-pronged delivery channels that include retail branches, Privilege Banking Centres, Business Centres, Investment Bank branches, and mobile and Internet banking.

 

We are currently seeking a high caliber professional to join our Business Finance & Management department under Group Corporate & Institutional Banking division as a Manager or Assistant Vice President.

 

 

The Role

 

A successful candidate in this position will be accountable to support the Group Heads in the management of operational risk and compliance requirements of the functional unit which involves identification, assessment, mitigation and review of operational risk and regulatory compliance requirements.

 

 

Job Description

 

Operational Risk

  • Assist and guide functional units on the implementation of operational risk management framework, tools and activities:
    • Identify, assess and report operational risks and adequacy of controls, including making recommendations to update minimum control standards.  
    • Identify key controls and scope of as well as perform and report control testing. 
    • Identify, establish and report Key Risk Indicators.  
    • Review, verify and report loss events and amount.

 

Governance, Risk and Compliance (GRC) Reporting

  • Monitor, track, escalate and validate governance, risk and compliance issues (e.g. governance, risk and compliance issues arising from audits and reviews) to ensure timely and proper closure.

 

Advisory – Risk & Control/Compliance

  • Review of documentation (frameworks, policies, procedures, etc.) specifically on assessment of risks and controls. 
  • Review of new products and services, product variations and renewals and product documentation, particularly on identification and assessment of key risks and controls associated with the products and services.

 

Compliance Management

  • Assist and guide business/support units on the implementation of Group Compliance framework, policies, procedures and relevant regulatory requirements:
    • Act as the key liaison person between business/support units and Group Compliance (GC) for any compliance related matters including regulatory audits and compliance review. 
    • Assist to expedite the submission of the required information from business/support units to Compliance Monitoring team.
    • Act as the key liaison person to discuss with the Compliance Monitoring team when there is a potential finding for further clarifications before the findings are finalized and presented to the business/support units. 
    • Act as the key liaison person to discuss with the Compliance Monitoring team on the action plans and overall target completion timeline to achieve mutual agreements and understanding on the expectation for “Completed” issue to avoid delay / extension of timeline due to insufficient time for pre-validation and final validation.
    • Ensure timely escalation of compliance breaches/issues to Group Head and Group
    • Compliance and ensure adequacy of the corrective action plans, to ensure compliance to laws, regulations, standards, policies, procedure and internal framework.
    • Coordinate and ensure proper dissemination all relevant regulatory or compliance bulletin/requests to business/support units and ensure satisfactory (i.e. review the adequacy of action plans) and timely completion of regulatory Gap Analysis (GA) for new/revised regulations (as and when requested) per GC’s Gap Analysis Process Guidelines.
    • Perform validation of action plans arising from GA / Attestation of Compliance (AOC) or instruction from regulators.
    • Identify and develop key controls and assessment to address key regulatory requirements of new / revised / existing regulations with guidance from Group Compliance.

 

Training and Communications

  • Perform training needs analysis for division and tailor training materials to operationalise business needs
  • Conduct training session and train the trainer for division
  • Responsible for communications that relates to risk and compliance

 

Promote risk and compliance awareness e.g. by facilitating and conducting briefing, organizing group discussions and other forms of communication.

 

 

Job Requirements

 

Skills

  • Quality – able to work within Bank’s standards, expectations and key behaviors. 
  • Teamwork – able to work as a team to achieve common goals/objectives. 
  • Communication – able to explain and talk to all levels of employees. 
  • Planning/Organization – able to plan tasks to accomplish own work within timeline. 
  • Monitoring – able to follow-up with stakeholder(s) on outstanding matters for closure within timeline. 
  • Time Management – able to keep track of schedule and report any delays. 
  • Flexibility to change – adaptable to developments as tasks progresses to change approach. 
  • Proactive/initiative – resourcefulness, result oriented and willing to work the extra mile. 
  • Problem Solving/Analytical Thinking – able to connect the dots and ask the right questions to draw proper conclusions.

 

Knowledge

  • Risk knowledge and skills – basic understanding of risks and controls. 
  • Banking Operations and Products – general knowledge of the functional areas/operations specific to the assigned functional unit. 
  • Conversant with Regulatory requirements in relation to financial service industries

 

Experience

  • At least 3 years of related operational risk, compliance, audit and/or banking experience.