Associate Analyst / Analyst, Governance, Risk & Compliance, Currency

The Governance, Risk and Compliance Analyst is instrumental in assisting the Manager to ensure the operational risks management of JMW are carried out in accordance with the Bank’s established risk management framework and perform independent risk monitoring and reporting to JMW Management to ensure risks are managed within the Department’s risk appetite, tolerance and strategy.

PRINCIPAL ACCOUNTABILITIES

Departmental Operation Risk Management

1. Operational Risk Reporting: Develop and coordinate the Currency Operations Key Risk Indicators (KRIs) report for monthly monitoring and submission for management consumption and decision making. Ensure key risks are identified and conduct analysis of potential risks areas and ensure proper mitigation controls are in place to achieve business objective.


2. Departmental Risk Registry: Maintain and update Departmental Risk Register (DRR) to ensure accurate identification of risk events and mitigation controls, inclusion of additional controls to further reduce the risk outlook, and timely submission to Management.


3. Departmental Risk Committee: Secretariat for JMW Risk Management, Compliance & Operational Committee (JRCOC) and prepare all required materials and meeting arrangements. This JRCOC is a platform to deliberate on risk management and compliance matters relating to currency operations which includes incident management, non-compliance and information security management.


4. Incident Monitoring: Review incidents lodged on iRAISE system to ensure incidents are timely reported, verified and approved and in compliant to the Incident Reporting Policy issued by the Risk Management Department (RMD). Collaborate with incident responders to identify control measures to prevent recurrence.

Business Continuity Management (BCM)

5. Business Continuity Plan (BCP): A comprehensive BCM for currency operations to ensure continuity of operations during crisis.

(a) Develop, maintain and review BCP for Currency Operations that captures all critical business functions and its recovery strategies in the event of invocation of BCP. Obtain approval for the BCP from the respective Assistant Governor and submit the approved BCP to BCM Unit of RMD.

(b) Coordinate and organize exercises conducted by RMD (e.g. Bankwide Combined Live Run (CLR),

Desktop Simulation Exercise (DSE), Call Tree Exercise (CTE) and for Currency Operations to ensure resilience and preparedness in the event of the crisis.

(c) Monitor submission of annual BCM attestation forms by Service Providers to ensure the Service Providers’ BCM arrangement is capable to support the Bank in the event of a crisis and does not lead to any operational disruption as per Risk Management Department (RMD) BCM policy.


6. Business Impact Analysis (BIA): Develop, maintain and review BIA for Currency Operations to ensure business functions, resources, systems, dependencies, data and impact level are incorporated to formulate recovery strategies in the most cost-effective manner for operation continuity and crisis recovery. Obtain approval for the BIA from the respective Assistant Governor and Director and submit the approved BIA to BCM Unit of RMD.

Others (Projects/Budget/Development)

7. Keep abreast and participate in RMD forums to gain broader risk perspectives of the latest developments and technologies in operational risk and business continuity management.

8. Propose budget requirements, manage and monitor approved expenditure to achieve optimal budget utilization.

9. Assist in compliance and audit tasks, whenever required.

Academic Qualifications: Bachelor’s degree or professional qualification in any discipline related to Operations Risk Management and Business Continuity Management domain. (Additional qualifications in Information Technology Assurance and Industrial Control Systems would be an added advantage).

Experience: At least 3 years working experience with exposure in Operational Risk Management and/or Business Continuity Management.