Asst Manager/Sr Executive, Operational Risk

Job Purpose Summary The Asst Manager / Sr Executive, Operational Risk is responsible for managing the end-to-end risk framework by coordinating self-assessments, maintaining risk registers, and analyzing Key Risk Indicators (KRI) to strengthen internal controls. This role ensures regulatory compliance through the timely submission of ORR/ORION reports to Bank Negara Malaysia (BNM) while identifying risk patterns and providing technical guidance on policy requirements. Key Responsibilities and Accountabilities 1) Policy Review Conduct periodic/ad-hoc reviews of policies, framework, and procedures relevant to the Risk Management Department. Ensure compliance with applicable operational risk policies, guidelines, and regulations. 2) Key Control Testing Plan and test key control identified during risk assessments. Assist with system automated process reviews and risk-based control testing oversight for proper closure. 3) Management Reporting Prepare and arrange reports and materials for Risk Management & Compliance Committee meetings. Prepare monthly operational risk dashboards for EXCO and GBRMC meetings. 4) Outsourcing Risk Conduct outsourcing reviews, including due diligence, assessments and gap analysis. Coordinate annual performance reviews of Outsourcing Service Providers with relevant business functions. 5) Risk Identification & Assessment Perform ongoing risk identification and scenario analysis across business units. • Conduct stress testing to evaluate potential operational risk exposures. 6) Incident Management Monitor, record, and investigate operational risk incidents and near misses. Ensure timely escalation, root cause analysis, and corrective action planning. 7) Regulatory Liaison Coordinate responses to regulatory queries, surveys, and inspections related to operational risk. Track regulatory developments and update frameworks accordingly. 8) Others Provide support to team/group members where necessary within department & across units. Facilitate cross-functional collaboration with Compliance, Internal Audit, and IT Security. Deliver operational risk training sessions and promote awareness of risk culture. Support overall relevant assigned tasks and contribute to departmental goals. Inculcate proactive risk management culture in the organization. Ensure compliance with Company and regulatory risk management policies and standards. Requirements: Minimum Degree or professional qualification in Actuarial, Risk Management, Statistics or other relevant disciplines. 3–5 years of working experience in risk management, preferably in an operational risk role within the financial services industry. Demonstrated experience in operational risk frameworks, control testing, incident management, and risk reporting. Familiarity with operational risk concepts, methodologies, and regulatory requirements. Knowledge of risk modelling, data analytics tools, or risk management systems is an advantage. Strong proficiency in Microsoft Excel, PowerPoint, and risk reporting tools. Strong analytical and problem solving skills with keen attention to detail. Excellent communication and presentation skills for engaging stakeholders and preparing management reports. Ability to work independently while collaborating effectively across teams and business units. Proactive mindset with willingness to learn new risk concepts and analytical techniques.