Risk Specialist

The incumbent main responsibility is to identify and assess potential threats that could impact an organization’s financial health, operational efficiency, or reputation. In this role, you will be responsible to identify, analyze, and mitigate potential risks by proactively addressing and managing potential risks that could impact the business in order to safeguard the organization. You are expected to have outstanding problem-solving skills, meticulous attention to detail, and a great understanding of risk management. This role will report directly to the Head of Risk and Compliance and will be responsible to perform independent risk advisory and communicating control deficiencies and recommendations to the Management.

Duties and Responsibilities

Corporate Risk and Governance

1. Develop, implement, and maintain risk management policies and procedures for the organization, ensuring compliance with industry standards
2. Drive actions internally to ensure risk events are well managed and closed within reasonable timeframes.
3. Produce regular reporting for Management and relevant governance rulings.
4. Liaise with and guide internal and external stakeholders as required on risk-related matters.
5. To maintain the risk and risk event registers in line with internal procedures.
6. To undertake any other projects/ tasks as may reasonably be required to facilitate the smooth operation of the organisation.
7. Work with key stakeholders across the business and risk to assist in the development and implementation of new products/projects across the Rakuten Trade.
8. To monitor the client's and company’s Equity Portfolio risk on a real-time basis.
9. To develop various risk models on Equity products.
10. To develop internal policies and risk policies to safeguard the clients and company funds.
11. Coordinate with IT, Risk and Compliance and relevant teams to resolve incidents and critical issues.
12. To coordinate and manage the company’s Business Continuity Plan (BCP).
13. Stronghold on regulatory circulars (SC, BURSA). To keep up-to-date on all the relevant circulars on a timely basis, generate reports, develop feedback, and make suggestions to management.

IT Risk

1. To strengthen Risk Management controls related to Information Technology. Technology Risk is defined as any potential adverse outcome, damage, loss, disruption, violation, irregularity or failure arising from the use of or reliance on computer hardware, software, electronic devices, online networks and telecommunications systems.
2. Assess effectiveness and efficiency of technology internal controls in accordance with regulatory expectations and best practices i.e. Risk Management in Technology (RMiT), Information Security, Data Security, Network Security & Cyber Security best practice (NIST framework).
3. Independently perform technology risk assessment, control identification and risks mitigation in line with best practices within Stockbroking and Fintech industry.
4. To evaluate the performance of Third- party vendors’ systems.
5. To analyze, close gaps and mitigate the risk of financial loss.
6. To support Domestic/potential Foreign Trading market for Risk matters.

1. Candidate must possess at least a Bacherlor’s degree in relevant field such as Risk Management, Finance, or Business Administration.
2. More than 5 years of working experience in risk management, internal controls or a related field, preferably within the stockbroking industry.
3. Familiar with regulatory frameworks and compliance requirements related to the industry.
4. Strong analytical and problem-solving skills, with the ability to assess complex situations and recommend effective solutions.
5. Excellent communication skills to interact with internal stakeholders, external auditors, and regulatory bodies.
6. Ability to anticipate potential risks and develop proactive strategies to mitigate them.
7. Understanding of e-stockbroking technology and its implications on risk and control measures.