• ITO Risk and Control Officer Jobs in Brunei

  • Standard Chartered Bank Ltd
  • Brunei

Job Description:

We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East

To us, good performance is about much more than turning a profit Its about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good

Were committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation This in turn helps us to provide better support to our broad client base

The Role Responsibilities

Track initiatives and efficiency for ITO
Assurance review- schedule and conduct periodic assurance reviews with a view to be ever audit ready Leverage Group Subject Matter Experts where necessary
Provide high quality service to all internal/external customer segments
To ensure all assigned work/transactions are completed without any breach of compliance
To ensure all instructions/queries are addressed timely or escalated to the higher authority as appropriate
Carry out KCSA/CST/KCI checks as per requirement outlined in eORP for Cash Management
Contribute good ideas towards improving turnaround time, enhancing work efficiency and reducing complaints
Carry out any other job assigned by the reporting officer/management from time to time
The jobholder must ensure she is fully aware of all the policies and procedures issued in relation to money laundering prevention, KYC requirements She must ensure all the applicable regulations of the Bank, Group and Country
Ensure risks and issues identified are resolved in an appropriate and timely manner
Raise RMS as and when required for any request that needs any action from the job holder


Overall responsible for the preparation, communication, implementation, delivery and expansion of T&O OR plans, working in close cooperation with country (CIO, Legal & Compliance, local/regional Management Groups/Committees) and global (GSSC, Group T&O Governance & Controls, and Group Operational Risk)
Support the country COO as the Risk Control Owner (RCO) of ITO Cash Management Operations policies in accordance with the Risk Management Framework
In collaboration with L&C, identify, communicate and expedite changes to comply with any new and amended regulations across T&O
Represent Group R&C ITO at the country level for implementation of standards, continuous improvement programs and strategic transformations

Pro-active Risk Management

Process Risk Analysis & Risk Register - working with Group Product G&C and Group OR, apply group defined process to identify potential events and agree on gross risk
Control Design assess potential failure events and arrive at key controls, key control indicators, key risk indicators, control sample test parameters and determine residual risk
Peer Reviews/Risk Assurance - schedule periodic peer reviews with a view to be ever audit ready Leverage Group Subject Matter Experts where necessary
Conduct Process Risk Analysis, automation of workflow and change management on the ground
Feedback into engineering Group - Regular review defined workflows to improve efficiency and control design towards automation and preventive management

Risk Control

Risk Identification, Assessments, Measurements, Acceptance and Monitoring

Control Testing/Risk Identification - determine effectiveness/ineffectiveness of defined controls and arrive at control strength matrix and on the ground residual risk
Risk Acceptance/Treatment Plan/Escalation - for all cases where residual risk is medium, high or very high, prepare a RAT along with treatment plan Update risk in Group OR systems ie Optial/ EORP etc Monitor progress towards target residual risk
Feedback into engineering Group - regular review of controls to improve design towards automation and preventive management

Risk Governance


Audit Co-ordination (Group Regulatory) - whilst the primary responsibility for every audit will still remain with the Unit Head, R&C will be expected to play a critical role going forward Every ROF and quality of its management response will have to be vetted by R&C to ensure that the findings are factually correct and the agreed action plans, along with target dates, are reasonable and achievable R&C will take joint responsibility for audit outcomes
Audit Issue Tracking & Closure - track aging of findings and ensure periodic follow-up Keep audit informed of progress and ensure any delays in resolution are appropriately approved before due date

Risk Governance Representation and Preparation of Risk Packs

Local Interface & main ITO liaison point to Country OR officer

Other Critical ITO Governance Processes

Mass Incident Management and root cause analysis and closure - assessment of Mission Control/high severity technology incidents, raising of route cause and follow-up on closure of action plans for the responsible units in coordination with T&O units
Regulatory Policy - Communication, Acceptance, Implementation Assurance and dispensation management - Support the central governance team in the policy life cycle management using the eCIO policy and service acceptance module
Group Product Policy - Communication, Acceptance, Implementation Assurance and dispensation management - Support the central governance team in the policy life cycle management using the eCIO policy and service acceptance module
RMF - Technology (including GIS) & GS Policies - design, implementation and governance - own the design, communication, acceptance, implementation, assurance and dispensation management
Feedback into engineering Group/Governance Committees - regular review of treatment plan to improve control design towards automation and preventive management Identification and escalation of key governance indicators
Designing & Rollout Governance Training Plan - Develop a standard training pack and rollout to all units

Key Stakeholders

Country CIO
Country Management committee
Country Head of Operational Risk
Country ITO Risk and Control Team

Regulators and other government departments/officials
Industry partners, Banking Associations, etc


To develop the spirit of Team Work
Assist colleagues in their works to manage the work pressure in the department

Our Ideal Candidate

Should be Graduate in any field Qualification in Business, Accountancy, Commerce or Economics would be advantageous
Understanding on Reconciliation Process and Other Banking Operations
Relationships with Unit Heads, ORM, Business Unit Heads, Business Operational Risk Managers and Managers in various divisions within ITO to enhance Operational risk management, money laundering prevention, compliance and financial crime issues
Operational risk management and compliance initiatives
Should have advance knowledge in MS Excel
Well versed with Group Credit Policy and Group accounting policy
Able to understand electronic Business Banking System (eBBS)
Thorough knowledge of group money laundering policies
Good communication/interpersonal skills
Should have strong analytical skills in identifying and resolving issues
Should be able to manage change
Patient, have ability to learn and ability to prioritize works
Should be able to work under pressure and tight deadline
Should be a self-starter and also be proactive

Profile Summary:

Employment Type : Full Time
Eligibility : Any Graduate
Industry : Banking
Functional Area : Accounting/Tax/Company Secretary/Audit
Role : Audit & Risk
Salary : As per Industry Standards
Deadline : 15th Mar 2020

Key Skills:

Company Profile:

Standard Chartered Bank Ltdarfix

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