The Role
Supports governance, operational risk, compliance, and internal control activities for GWB CIBC. Responsibilities include risk identification, RCSA, control testing, regulatory gap analysis, remediation tracking, policy updates, audit support, and management of compliance and operational risk events. Serves as a business advisor and escalation point on AML/CFT, sanctions, foreign exchange, connected-party, anti-bribery, and other regulatory matters.
Summary Generated by Built In
- Identify business changes and where appropriate, coordinate and prepare the required analysis to review such changes, and ensure proper mitigating controls.
- Support GWB CIBC in risk identification, escalation & remediation.
- Identify recommendations to improve the quality of internal controls and risk mitigations.
- For operational risk-related matters, formulate, implement or review action plans of BUs to address control gaps/ regulatory gaps/ control weaknesses identified.
- Drive compliance with Group Non-Financial Risk Management (GNFRM) and GWB CIBC’s internal procedures, applicable banking laws/regulations/guidelines.
- Review and implement relevant internal Policies and Procedures and/or Standard Operating Procedures and ensure they are updated to address laws/ regulations/ guidelines issued, where applicable.
- Participate and drive the Risk & Control Self-Assessment (RCSA) program for GWB CIBC.
- Facilitate the review, capturing and tracking of key Compliance and Operational Risk events, gaps and risk mitigating actions as required in the form of Management Self-Identified Issues (MSII), Control Issue Management (CIM) or Lost Event Data (LED) via the GRC system and facilitating the validation process by Risk Control Unit.
- Undertake effective control self-testing measures in the form of Key Risk Indicator (KRI) and Control Effectiveness Testing (CET).
- Drive and participate in operational risk related projects where required.
- Drive compliance with Group Compliance’s (GC) policies and procedures.
- Support the performance of gap analysis via the Regulatory Change Management (RCM) modules in GRC System for the new and/or updated regulatory requirements. Drive appropriate actions to closed the gaps identified.
- Support GWB CIBC during audits & thematic reviews by internal /external stakeholders where applicable.
- Business advisor, key liaison and key escalation point for the front-liners as well Second Line of Defense functions in relation to regulatory/compliance and internal requirements related matters for GWB CIBC inclusive of but not limited to AML/CFT, Sanctions, Foreign Exchange Policy, Connected Party, Anti-Bribery & Corruption related regulations. Provide guidance as needed to support the business in meeting their risk objectives.
- Drive, provide advice, or participate in compliance related projects, improvement programs or remediation activities where required.
- Participate in and contribute to other key processes of CIBC inclusive of Watchlist Alerts Management, Personal Account Dealing, AB&C declarations, cross-border activities, mandatory leaves and training.
- Undertake tasks relating to regulatory or compliance as and when required by the Head of CIBC Governance.
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The Company
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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