Head of Compliance and Risk M/F

General information

Entity

CACEIS is the asset servicing banking group of Crédit Agricole and Santander dedicated to asset managers, insurance companies, pension funds, banks, private equity and real estate funds, brokers and corporate clients.

Through offices across Europe, North and South America, and Asia, CACEIS offers a broad range of services covering execution, clearing, forex, securities lending, custody, depositary and fund administration, fund distribution support, middle office outsourcing, issuer services and transfer agent.

With 7,000 employees and a large client base, CACEIS is a European leader in asset servicing and one of the major players worldwide.

By working every day in the interest of society, we are a group committed to diversity and inclusion. All our positions are open to people with disabilities.

Reference

2024-92867

Publication date

02/10/2024

Job description

Business type

Types of Jobs - Risk Management / Control

Complementary business types

Types of Jobs - Asset Management

Job title

Head of Compliance and Risk M/F

Contract type

Permanent Contract

Expected start date

02/01/2025

Job summary

CACEIS Malaysia (with more than 1,200 employees) supports CACEIS as its Malaysia Centre of Excellence. The Malaysian Operations provide asset services, custody, and payments for clients in Europe with a global operating model that maximizes efficiencies across time zones, supports 17/5 operational capability with the follow the sun model, enhances scalability of our global operations, and implements standardized processes.

The Head of Compliance and Risk in Malaysia is accountable for providing independent and objective oversight of Operational Risks from the businesses in Malaysia. Partnering with the business, the role ensures the implementation of the Operational Risk Framework and fosters sound operational risk management practices in the region. As the Director, the individual will ensure that the Operational Risk Profiles for CACEIS Malaysia are accurate and fairly presented, ensuring the implementation of appropriate risk mitigation strategies and appropriate resilience measures. The Director will be a member of the Malaysia Executive Committee (Malaysia EXCO).

For Compliance, the Director is accountable for ensuring that the activities in the global operation center in Malaysia are in compliance with Group policies and procedures, Code of Conduct and relevant rules and regulations of the home jurisdictions so as to protect and enhance the reputation of CACEIS Group. The Director requires to undertake periodic reviews and monitoring activities as advised by the home jurisdictions in line with their regulatory requirements and to provide independent assurance, views and reports to the respective home jurisdiction’s country compliance practitioner to give evidence to their regulatory driven outsourcing monitoring activities.

The Director will:

• Apply, maintain and develop the Operational Risk and Resilience Management Framework in collaboration with the CACEIS central Risk function.
• Provide oversight to CACEIS Malaysia and ensure alignment with the Operational Risk & Resilience Management Framework.
• Lead or participate in Malaysian Entity risk governance bodies (local risk committee, local business committees – as appropriate).
• Review and approve internal operational risk events and associated action plans.
• Carry out deep investigations into current and emerging issues and inform the business management accordingly.
• Actively participate in business initiatives and projects to help identify future and emerging risks.
• Coordinate the completion of Operational Risk scenarios.
• Ensure compliance with current and emerging risk regulations from the serviced locations.

Supplementary Information

Specifically, in the following areas, your work will lead you to:

• Operational Risks & Resilience: Continue improving the operational risk management framework, taking into account the nature of growing risks (fraud, operational continuity, cybercrime, data theft/leakage or loss, stability of IT systems, …).
• Coordination: Strengthen coordination with all control functions (1st Line of Defense/Compliance/Audit), locally and at the CACEIS Group level.
• Risk Mapping: Structure and organize self-assessment methods and risk mapping for operational risks, as well as the processes for collecting and alerting incident data.
• Ongoing Controls: Run & build upon the ongoing Control Plan to identify weaknesses.

Regarding Compliance, the Director will:

• Provide a constructive advisory service to line management and the executives on all relevant regulatory, statutory, and corporate requirements and to facilitate the design and implementation of in-house rules, systems and procedures to address successfully those requirements (i.e. relevant Group policies such as Privacy and Data Protection, Outside Business Activities, Conflicts of Interest, Code of Conduct, AML, Outsourcing and Clear Desk Controls).
• Monitor all statutory and regulatory developments of the local business practice as well as those advised by the source jurisdictions and to assess their impact on the conduct of the business.

Position location

Geographical area

Asia, Malaysia

City

Cyberjaya

Candidate criteria

Minimal education level

Bachelor Degree / BSc Degree or equivalent

Academic qualification / Speciality

• University Degree or equivalent experience.

Level of minimal experience

11 years and more

Experience

• 10 to 15 years of mixed experience in Risk and/or Compliance. This should include both practical applications in the different subject areas of the practice as well as leadership experience in the function.
• Experience working in a dynamic, high-stress working environment. He/she must be able to work and deal with a multi-faceted and multi-disciplinary corporate structure with strong personalities.
• Strong experience in Risk Management within the First or Second lines of defense.
• Strong business knowledge (in Wholesale financial or Fund Services environments).
• Ability to anticipate and identify risks and effective mitigants.

Required skills

• Organizational skills with multitasking and prioritization capabilities.
• Agility to operate in matrixed and cross-functional organizations.
• Excellent initiative in communication, collaboration and relationship skills to engage all stakeholders in constructive discussions and drive improvements.
• Curiosity and openness (towards new products, new technologies and new applications, legal, compliance, IT, etc.).
• Confidence to take ideas forward and challenge others.
• Proven ability to produce concise and effective presentations.
• Leadership qualities.

Languages

English (Native speaker)