Provide independent investigation services in establishing the facts, modus operandi of frauds (where applicable), control deficiencies, process gaps and making appropriate recommendations
2. Investigation of frauds, allegations of abuse, complaints from within or outside the Group or any other types of irregularities reported to GCAD in respect of the Group banking activities in Malaysia and regional.
3. Determine whether fraud or irregularity was committed, identify the perpetrator and to determine the Modus Operandi.
4. Review and evaluate the following;
a. Control Environment and the effectiveness of internal controls;
b. Control Activities relating to the operating effectiveness of fraud-related controls to ensure that they are in place;
c. Information and Communication, by assessing the operating effectiveness of information and communication systems and practices;
d. Monitoring, by assessing the monitoring activities and support the development of fraud indicators;
e. Governance Practices, while taking into account the requirements of the Group’s various internal control policies as well as statutory and regulatory requirements governing the Group and Banking Industry; and
f. Nature and root causes leading to the fraudulent acts, and henceforth to identify the perpetrators and means to enhance internal control processes .
5. To provide specific recommendations regarding appropriate action to be taken in cases of frauds or other irregularities to Group Corporate Resources and/or other affected business units and entities of the Group and suitable recommendations to improve controls so as to prevent recurrence of fraud or irregularity.
6. Preparation of timely and quality investigation report upon completion of investigation
Work with investigating law enforcement agencies, regulatory bodies and attend Court Hearings where necessary.
7. Carry out any other responsibilities/tasks as assigned by the Investigation Department Head from time to time.
8. Ensure compliance with relevant regulatory requirements and adherence to the Group & GCAD P&P.
9. Provide supervision, guidance and on-the-job training to team members.
Skills Required
- Experience investigating frauds, allegations of abuse or irregularities in banking
- Ability to determine modus operandi and identify perpetrators
- Knowledge of internal control frameworks and ability to evaluate control effectiveness
- Understanding of banking regulatory and statutory requirements
- Experience preparing timely, high-quality investigation reports
- Experience working with law enforcement agencies and regulatory bodies; able to attend court hearings
- Ability to provide recommendations to improve controls and prevent recurrence
- Supervisory skills and ability to provide on-the-job training to team members
- Strong analytical and root-cause analysis skills
What We Do
CIMB Group is a leading ASEAN universal bank, one of the largest Asian investment banks and one of the world's largest Islamic banks. We are headquartered in Kuala Lumpur, Malaysia and offer consumer banking, commercial banking, wholesale banking, Islamic banking, and asset management products and services. As the fifth largest banking group in ASEAN, we have over 36,000 staff in 16 locations across ASEAN, Asia and beyond. CIMB Bank and CIMB Islamic Bank are members of PIDM.
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