The IILM is currently seeking a highly qualified junior member of the Risk Management Unit to work closely with the Senior Risk Officer in the independent oversight of risks inherent in the IILM’s activities. The independent Risk Management Unit is a key component of the I ILM’s second line of defence and is responsible for:

• Identify, measure, manage, monitor and report risks faced by the organisation
• Improvement, implementation and ongoing monitoring of the Risk Framework, which includes operational risk, Shari’ah risk, reputational risk, financial risk and internal controls.
• Oversee, evaluate and coordinate the I ILM’s Enterprise Risk Management approach.

This job opportunity is for a driven professional who is looking to make lasting impact to the risk management function at the IILM.

• Work closely with the Senior Risk Officer to oversee the entire Risk Management Unit function.
• Assist the Senior Risk Officer as the secretariat to the Board Risk Management Committee (BRMC) and assist the BRMC to deliver its duties and responsibilities.
• Implementation and ongoing monitoring of the Risk Framework, which includes operational risk, Shari’ah risk, reputational risk, legal & compliance, financial risk and internal controls.
• Close monitoring of the I ILM’s operations, perform regular stress testing and establishing early warning triggers.
• Contribute to the development and implementation of risk strategy which are in line with the risk limits and objectives approved by the relevant boards.
• Perform comprehensive risk reviews of transactions including credit quality, market risk, operational risk etc.
• Establish procedures for monitoring, maintaining and updating risk management policy and standard operating procedure in line with business growth.
• Update and enhance the Business Continuity Management framework for the IILM.
• Help raise risk awareness and promote proper attitudes towards risk management among staff

• Bachelor’s degree in risk management, finance, or accounting with a minimum CGPA of 3.50.
• Demonstration of strong knowledge of risk identification, assessment and management frameworks.
• Minimum 3 to 5 years of relevant experience in risk particularly in the Financial Sector, Investment Banking / Islamic Banking background.
• In-depth knowledge in treasury operations and fixed income field
• Knowledge of risk and governance standards (e.g. Basel, OECD, etc).
• Having a VBA skill set is an added advantage.
• Capable of sound judgement with integrity and developing independent opinions.
• Strong financial and analytical skills.
• Highly skilled in Microsoft Office tools.