NFRM Coverage Malaysia, AVP
Position Overview
Details of the Division and Team:
Non-Financial Risk Management (NFRM) is an independent Risk function reporting globally to the Group Chief Risk Officer and regionally in APAC to the APAC Chief Risk Officer. The NFRM team works in partnership with the business and infrastructure functions to proactively manage the bank's risk profile and improve the control environment. The NFRM Coverage role forms an important part of the NFRM function globally, with a presence across regions including APAC.
The NFRM Coverage - Malaysia role reports to the Head of Risk Malaysia who is also responsible for NFRM Coverage of Corporate Bank APAC. The role has a specific focus on the risk portfolio of Malaysia in consideration of businesses and infrastructure functions based in the country. The role also enables a broader opportunity to engage in the NFRM agenda at an APAC level.
What we will offer you:
A healthy, engaged and well-supported workforce is better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its center.
You can expect:
- Flexible work arrangement
- A range of benefits, e.g.: Corporate group insurance, Employee Assistance Program (EAP) – free and confidential counseling, online work-life resources, Comprehensive leave benefits
- Training and development to help you excel in your career
- A culture of continuous learning to aid progression
Your key responsibilities:
- Risk Management
- Responsible for second line non financial risk management oversight for Malaysia, with a focus on framework implementation as well as review and challenge of the risk profile. This includes end-to-end coverage of risk identification, assessment, monitoring, reporting and governance.
- Support NFRM team and advise key business and infrastructure partners of NFR framework, processes and tools as required.
- Drive Country level Risk and Control Assessments including (1) review of the impact of contextual data triggers and global/ regional risk assessment outcomes on the local risk profile, (2) engagement with front-to-back stakeholders. Provide effective and demonstrable challenge to risk owners
- Actively monitor the risk profile for the country:
- Ensure management of operational risk events and risk appetite in line with Global NFRM framework as well as local regulatory requirements. This includes event capture, lessons learned, read across; as well as risk appetite threshold setting and monitoring. Escalate material Operational Risk Events and Risk Appetite breaches.
- Review of contextual data such as Findings, Risk Acceptances and other remediation activity; Monitor control environment - identify deficiencies and escalate on a timely basis to management for action. Assess global findings for local applicability; contribute to New Product Approvals where NFRM sign off is required; participate in Control Assurance exercise as required.
- Keep up to date on external events and emerging risks and consider such impact for the local franchise
- Support the Regional Non Financial Risk Management agenda through active engagement with colleagues across the region, read across of country risk assessment results, continued efforts to enhance framework implementation for the region, and supporting regional deep dives and focus topics, as required.
- Regulatory
- Support various Regulatory submissions on NFR matters to the local regulator including ad hoc requests, regulatory surveys, reporting and inspections.
- Keep abreast of upcoming and new policies and guidelines, conduct gap assessment to these publications, and drive action plan to ensure compliance.
- Participate and lead local Regulatory adherence exercise for NFR policies and procedures.
- Participate in ICAAP, Basel III Disclosures, Risk and Capital Profile finalisation for the country.
- Support the management of Audit and Regulatory Findings within Non-Financial Risk Management (NFRM).
- Governance, Reporting, Technology
- Prepare NFR reporting to local governance fora and actively present on key NFR themes, MI and escalations at these fora.
- Support submission of information for various internal MI within NFRM.
- Support roll-out of new applications/ tools/ reporting to enable continued enhancements to NFR management.
- Participate in various NFR initiatives to contribute to enhancing APAC NFRM framework and risk management
- Management
- Promote Risk culture and visibility of NFRM via training and participation in NFR governance forums. This includes information flow (communication and reporting) to support appropriate NFR awareness and knowledge.
- Embed accountability and ownership of Non-Financial Risk Management within front-to-back country stakeholders
- Support the management of the stakeholder relationships in the covered Countries and Businesses.
- Keep abreast of and perform effective communication of changes in relevant NFR frameworks, tools, regulations, etc. and understand implications for covered country/ business line .
Your skills and experience:
- Minimum of 5 years’ experience in the financial services industry
- Risk management experience preferable encompassing risk identification, measurement, monitoring, reporting and governance
- Strong risk management and control mindset
- Broad knowledge of investment and commercial banking products
- Knowledge of local regulatory requirements relating to non financial risk management
- Ability to form relationships with key stakeholders and to exercise 2nd line review and challenge effectively
- Analytic, adaptable, problem solving mindset
- Ability to work in fast paced environment - managing time efficiently, being organized, being able to multi task effectively, and achieving high quality deliverables
- Ability to operate independently and proactively
- Excellent communication skills, able to communicate ideas and information clearly and concisely, able to communicate effectively to Senior Management
- Excellent team player, willing to partner across functions and regions, able to work in matrix organization
- Willing to help out team members where required and be a constructive conscientious corporate citizen
- Ability to share information, transfer knowledge and experience to team members and key stakeholders
- Excellent Microsoft Office products knowledge
- Strong oral and written skills in English – should be able to distil topics into understandable summaries with clear conclusions and explanations of rationale
- Degree in Finance, Economics, Mathematics or other business related University degree
About us and our teams:
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Deutsche Bank & Diversity
Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.
Visit Inside Deutsche Bank to discover more about the culture of Deutsche Bank including Diversity, Equity & Inclusion, Leadership, Learning, Future of Work and more besides.
Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.
Visit Inside Deutsche Bank to discover more about the culture of Deutsche Bank including Diversity, Equity & Inclusion, Leadership, Learning, Future of Work and more besides.
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