A leading financial institution is seeking an experienced Operational & AML Risk Control Manager to ensure robust internal control frameworks are in place to monitor and mitigate business operational and AML risks.

This role plays a crucial part in ensuring compliance with Bank Negara Malaysia guidelines on Operational & AML risk, ensuring the institution adheres to best practices in policy, governance, and risk management.

This is a full-time, on-site role based in Malaysia, requiring strong operational risk expertise, regulatory knowledge, and leadership experience.

What You Will Be Doing

Risk Management & Compliance

• Develop and implement business and AML operational control policies and procedures.
• Ensure adherence to local and regulatory requirements, including Bank Negara Malaysia guidelines.
• Drive continuous improvements in operational and AML controls to enhance risk mitigation.
• Conduct control testing and risk assessments to ensure the effectiveness of existing controls.

Operational Control & Governance

• Oversee the operational risk control environment, ensuring all risks are well-managed.
• Establish a monitoring framework to assess business operational performance against risk controls.
• Provide governance, challenge, and oversight on key business and AML operational controls.
• Ensure the organization complies with external and internal risk management policies.

Stakeholder Collaboration & Alignment

• Act as the first line of defense, working closely with Risk, Compliance, Legal, and Finance teams.
• Influence business owners to maintain strong risk control practices while balancing operational costs.
• Support senior management in decision-making by providing insights and risk analyses.

Continuous Improvement & Operational Efficiency

• Identify areas for operational improvements and implement best practices to reduce operational errors.
• Coordinate internal control monitoring plans, ensuring alignment with risk frameworks.
• Assist in training and upskilling teams on AML and operational risk controls.

Your Background

Must Have:

• 5-7 years in operational risk, AML compliance, or internal control management.
• Strong background in Operations, Information Technology, or Financial Services in Malaysia.
• Deep understanding of operational risk, AML compliance, and regulatory frameworks.
• Strong governance mindset and ability to interpret regulatory requirements.
• Experience implementing control frameworks in complex financial environments.

Skills:

• Professional certifications (e.g., AML, risk management certifications) are an advantage.
• Strong leadership, strategic thinking, and stakeholder management.
• Excellent problem-solving skills and ability to influence senior management.
• Proficient in compliance, audit methodologies, and risk control.
• Strong organizational and communication skills to engage with cross-functional teams.

Key Challenges & Success Metrics

Challenges You’ll Navigate:

• Balancing regulatory compliance with operational efficiency.
• Influencing senior management while ensuring adherence to risk controls.
• Navigating a complex risk and compliance environment with changing regulatory requirements.

Success Metrics:

• Completion of control monitoring plans within prescribed timelines.
• Strengthening AML governance within the 1st line of defense.
• Reduction in operational errors and second/third-line risk findings.

Other Important Information

• Start Date: Immediate or as mutually agreed
• Work Model: On-site in Malaysia
• Engagement Type: Full-time
• Duration: Initial 1-year contract with high likelihood of conversion to permanent
• Assessment Process: 2 rounds of interview
• Round 1: Interview with COO + HR
• Round 2: Interview with System Analyst + HR