About Khazanah Nasional (Khazanah)
Khazanah is Malaysia's sovereign wealth fund that was established in 1994 with mandate to invest and deliver sustainable value for Malaysians. We strive to find balance between growing financial returns with appropriate risk-adjusted financial returns and developmental investments that delivers identified socio-economic impact to benefit future generations.
By joining us, you will be working in an environment that upholds core values of professionalism, diligence, teamwork, integrity, and mutual respect. We offer a dynamic, intellectually rigorous, and growth-oriented environment for your personal and professional growth.
Job Purpose
To design and implement a robust Enterprise Risk Management Framework aimed at minimising potential and real risks. This includes developing appropriate initiatives to effectively manage Level 1 risks through relevant collaboration, and thorough understanding of other risks functions such as Investment, ALM and Operational risks.
Key Accountabilities
1. Strategy and Planning
- Design ERM Framework Components - Enhance, build, or expand Risk Identification, Risk Scoring, Risk Appetite, and Risk Reporting infrastructures, including relevant programs and processes to strengthen the ERM Framework.
- Assist to execute the Enterprise Risk Management (ERM) strategy, structure and work plan in line with GRC's annual KPI and approved ERM Framework.
- Align the ERM Framework and underlying risk programs to ensure Khazanah is operating in compliance with applicable industry best practices and global regulatory guidelines in managing relevant risks.
2. Performance and Reporting
- Assist to develop, collate and manage the processes for reporting on enterprise-wide risks to the Senior Management Team and the Board of Directors on timely manner.
- Monitor closely the enterprise top risks rating including relevant mitigation plans to manage the top risks.
- Collaborate with relevant L1 risks experts to ensure relevant L1 risks for Khazanah are being tracked and monitored appropriately. This includes sound understanding of the technical aspects other L1 risks areas.
- Assist and collaborate with other risks experts on the development of enterprise risk quantification methodologies for all top risks to measure and monitor significant risks.
3. Policies and Procedures
- Responsible for managing and implementing the ERM policies, processes and procedures.
- Ensure all activities related to Enterprise Risk management are operated within the approved budget and continuously monitor actual expenditure against budget to ensure cost effective.
- Lead ERM special projects such as stakeholders educational risk training, expanding risk automation tools (where appropriate), maintenance of ERM policies and documentation, and activities focusing on the advancement of risk accountability and culture.
4. Advisory and Stakeholder Engagement
- Identify relevant risks training need for key stakeholders - ARC members, Senior Management Team, Risks Champions and Khazanah's staff.
- Develop a plan to manage and communicate effectively with all stakeholders on all new ERM initiatives to ensure understanding and subsequently to better adopt the relevant new initiatives.
- Review and manage learning and awareness sessions for external stakeholders such as Khazanah's investee companies and GLICs peers.
Job Requirements
- Minimum Degree in Business/Finance/Economics/Risk Management/Others
- 8 to 15 years of relevant work experience.
- Relevant industry exposure in consulting or advisory work.
- Relevant functional exposure in i) Compliance / Auditing or ii) Investments environment exposure.
- Skills and Knowledge
- Effective verbal communication and strong report writing skills.
- Dynamic person with personal initiative and leadership skills with the capacity to succinctly convey ideas.
- Analytical thinking, result oriented, enthusiastic, fast in action but with detailed planning.
- Should have effective people management and conflict resolution skills.
- Ability to understand and document workflows and business processes.
We encourage and value applications from all backgrounds, identities, and experiences whereby all qualified candidates will be assessed in a fair and equitable manner. Our employment decisions are based on merit, business needs, and job requirements.
