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Overview:
As the Head of Operations Compliance & Risk, you will be a key leader responsible for establishing a robust first line of defense within Group Operations division (GO). You will oversee critical functions including compliance and operational risk to ensure the Bank's processes and controls are secure and aligned with regulatory standards. Additionally, this role involves advising business units on regulatory requirements and governing operational risk that may arise from inadequate processes, people, systems, or external events.
The successful candidate will report to the Head of Group Operations.
Key Responsibilities and Accountabilities:
Functional (job responsibilities)
Operations Compliance
Implements the Bank's Compliance frameworks, reviews, and updates policies and procedures to ensure they comply with legal and regulatory requirements.
Acts as the single point of contact for all compliance matters related to GO, in consultation with Group Compliance.
Drives and facilitates compliance awareness initiatives to build a strong compliance culture across GO.
Takes overall responsibility for the completion of compliance self-assessments for GO.
Ensures timely and accurate regulatory reporting and escalates any compliance issues to management and Group Compliance.
Works closely with Group Compliance to ensure new legislation and regulations applicable to GO are implemented in a timely manner.
Operational Risk
Implements the Operational Risk Management process to identify and measure risks, and proposes new controls and risk mitigation plans.
Provides oversight of the risk profile by reviewing Risk and Control Self-Assessments (RCSA) and self-audit checks to ensure the effectiveness of existing controls.
Reviews audit reports to identify root causes and implements controls to prevent similar occurrences.
Tracks the effectiveness of controls and reports significant operational risks or losses to management.
Jobholder Requirements
Malaysian citizen.
Education/Qualification
A Degree in Accounting, Finance, Banking, Economics, or Law, or a related discipline is required.
Certification or qualification in compliance, risk, and governance is a plus.
Experience/Requirements
10 years and above managerial experience in a banking and financial Institution with responsibility for managing compliance or legal risk, banking operations, operational risk management and process governance.
Knowledge of legislative aspects/regulatory requirements of banking and financial institutions and banking products is a key requirement.
Demonstrable ability to effectively communicate, both orally and in writing, through all levels of the organization.
Good analytical, critical thinking and leadership skills, with the ability to see the big picture without losing attention to detail.
About Hong Leong Bank
We are a leading financial institution in Malaysia backed by a century of entrepreneurial heritage. Providing comprehensive financial services guided by a Digital-at-the-Core ethos has earned us industry recognition and accolades for our innovative approach in making banking simpler and more effortless for our customers. Our digital and physical offerings span across a vast nationwide network in Malaysia, strengthened with an expanding regional presence in Singapore, Hong Kong, Vietnam, Cambodia, and China.
We seek to strike a balance between diversity, inclusion and merit to achieve our mission of infusing diversity in thinking and skillsets into our organisation. Candidates are assessed based on merit and potential, in line with our mission to attract and recruit the best talent available. Expanding on our “Digital at the Core” ethos, we are progressively digitising the employee journey and experience to provide a strong foundation for our people to drive life-long learning, achieve their career aspirations and grow talent from within our organisation.
Realise your full potential at Hong Leong Bank by applying now.
Skills Required
- Minimum 10 years' managerial experience in a banking and financial institution
- A Degree in Accounting, Finance, Banking, Economics, or Law, or a related discipline
- Certification or qualification in compliance, risk, and governance is an added advantage
- Knowledge of legislative aspects/regulatory requirements of banking and financial institutions
- Demonstrable ability to effectively communicate, both orally and in writing
- Good leadership skills with attention to detail
- Possesses analytical and critical thinking skills
What We Do
Hong Leong Bank Berhad is one of the leading financial services organisations in Malaysia. With a heritage of more than 100 years, it provides comprehensive financial services covering consumer banking, business banking and trade finance, treasury, branch and transaction banking, wealth management, private banking and Islamic financial services. Its merger with EON Bank Group in 2011 has further embedded its position as a core banking franchise with an expanded distribution network of more than 300 branches across the country. With a proven track record in value creation and a highly recognised brand, Hong Leong Bank has also been extending its footprint in the region, with branches in Singapore and Hong Kong and wholly owned subsidiaries in Vietnam and Cambodia. In China, the Bank has a 20% shareholding in Bank of Chengdu Co., Ltd., Sichuan and a consumer finance joint venture. Hong Leong Bank is a subsidiary of Hong Leong Financial Group Berhad, the financial services arm of the Hong Leong Group. Apart from banking, Hong Leong Financial Group is involved in the provision of insurance and takaful, as well as investment banking, unit trust, fund management and stock broking services
