Risks Manager, Risks & Controls

Add expected salary to your profile for insightsCACEIS Malaysia has been a cornerstone of asset servicing since 2008, evolving into a trusted hub of operational excellence within the global CACEIS network.
Strategically located in IOI City, Putrajaya, the company employs over 1,200 skilled professionals, providing a broad spectrum of services to institutional clients across Europe.
These services include Custody & Cash Clearing, Fund Administration, Fund Distribution, Master Data Services, Market Solutions, Group Invoicing, Reconciliations, and Private Equity & Real Estate Solutions.
As a centre of excellence, CACEIS Malaysia plays a pivotal role in driving the scalability of global operations, enhancing service quality, and implementing standardized processes to meet the diverse needs of its clients.
The dedicated team in Malaysia is committed to delivering reliable, high-quality solutions that empower clients to thrive in a dynamic and competitive financial landscape.Risks & Controls team works across 1LoD business units and provides management with an informed opinion on the effectiveness of controls they operate to mitigate material risks.Risks & Controls Team is a global function responsible to:Execute the Enterprise Operations Risk Management (EORM) Framework limited to specific programs in order to determine and report an independent point of view of the "Operational Risk Profile", and escalate issues as required.Challenge the business on their understanding of the risks and adequacy of the controls, inclusive of proactive risk management.Review and provide assurance that the Operational Risk management practices in the respective businesses are effective, meet CACEIS's enterprise level requirements, and are followed consistently across the business.Consult and advise on the design of risk management practices within the Business to effectively identify and mitigate operational risks.Perform root-cause deep dives on Operational Risk Events, identify process and control gaps, validate action plan proposals for risk mitigation and action plan governance.Govern the 1LOD framework of process review and control testing to ensure the team delivers the mandate in line with quality and timeline, challenge and identify areas of improvement on assessment quality and verifying the appropriateness of action plans to be in line with Group's direction.In addition to the above, this role will be responsible for driving data analytics from the capacity of Risks & Controls by retrieving various data sources and analyzing the data using statistical techniques to find opportunities for process optimizations, process efficiency, cost savings, and risk reduction.Region: Malaysia (due to business requirements sufficient coverage required during MY Public Holidays)Working hours: 9:00AM – 6:00PM (flexible is required)What will you do?Promote risk culture and ensure the 1st line of defense has an appropriate control risk approach to support identification and management decision.Provide oversight and advisory function in managing the day-to-day Risk and Control aspect of Operations, including technical support in process improvements plan and execution of global/local projects and initiatives.Optimize and align best practices across Operations Malaysia.Draft and perform independent control testing, reviewing and challenging the risk and control framework and practices in Operations.Conduct end-to-end process review to address the effectiveness and efficiency of processes and identifying opportunities for process improvement.Support Operations in managing audit, risk and compliance for any query, review and ensure no slippage of all open action plans.Support reduction of Operational Risk Events through root-cause deep dives, identifying process deficiencies and control failures.
Ensure appropriate risk and control monitoring programs are efficient and in place in mitigating risks; implement testing protocols across locations covered as required by the Operational Risk Practices to ensure policies, procedures, and controls are designed adequately and executed effectively in order to reduce the residual risk in line with the risk appetite of CACEIS.Monitor and track each incident for timely reporting and closure of open action plans.Data Analytics & Management Insights:Identify, analyze, and interpret trends or patterns in complex data sets.
Locate and recommend areas of improvement on productivity, accuracy, and timeliness.Responsible to ensure high quality and timely Management Insight (MI) reporting that enables informed business decision making.Develop reports for executive management on both recurring and as-needed basis.Work with management to prioritize business and information needs.What do you need to succeed?Must-haveRelevant university degree preferably finance or business related.Relevant risk qualification preferred but not essential.Preferably minimum of 6 years' experience in the financial industry; or comprehensive business knowledge – structure, processes, procedures and technology.Strong written and oral communication skills including the ability to communicate results and recommendations to senior management in a concise manner.Executing Operational Risk Framework, Risk & Control Self Assessments, thematic reviews, control testing, risk reporting, event and root cause analysis.Superior interpersonal and networking skills with a demonstrated ability to work collaboratively across jurisdictional, functional and cultural boundaries.Strong analytical skills with the ability to collect, organize, analyze, and disseminate significant amounts of information with attention to detail and accuracy.Able to navigate large organizations and build collaborative relationships; Proven ability to engage and manage stakeholders in a complex environment.Problem-solving skill.Risk Monitoring and Reporting.Risk Control and Mitigation.Facilitation Skills.Communication management & plans.Analytical skills.Nice-to-haveRisk qualification preferred but not essential.Ability to work independently with minimal supervision.Ability to multi-task.Highly self-motivated with strong sense of initiative.Dealing with Ambiguity – Take effective action with limited information: ready, willing and able to easily switch gears in response to unexpected events and circumstances.
Provides as much focus as possible for self and others in dynamic situations.Applies business understanding to make sound decisions – Addresses issues from a multi-faceted perspective, demonstrating an understanding of the business and a working knowledge of common financial language to make good decisions.Collaboration – Understands the roles of teams and how they need to work together by managing diverse opinions constructively to make the most of a collaborative experience.
Works together towards resolving differing views in a constructive manner and applying appropriate escalation; see potential in building relationships and alliances across CACEIS; debates issues with passion and then supports decisions made.Superior impact and influence skills to work at the senior management level with proven track record of building strong relationships/working collaboratively across businesses and functions.
Confident in their work and viewed by colleagues as someone that can get things done in challenging times.
Persuades others to adopt a different point of view by explaining difficult concepts in simple terms.What's in it for you?We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper.
We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.A comprehensive Total Rewards Program including performance-based bonuses, flexible benefits, and competitive compensation.Leaders who support your development through coaching and managing opportunities.A world-class training program in financial services.A collaborative dynamic culture where personal initiative and hard work are recognized and rewarded.How do your skills match this job?
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