Found Description
Drive and manage robust and consistent strategy and implementation of Shariah Risk Management (SRM) through application and preservation of Policy & Procedures (P&P) to ensure Shariah Non Compliance (SNC) risks undertaken at Group level are within the objectives and approved risk appetites of the Group.
Key Responsibilities
- As a second line of defense function that facilitates the first line of defense, i.e., Business Units (BUs) and Business Enablers (BEs) in managing SNC risks inherent in their operations and activities by:
- Establishing SRM Policies and Procedures to govern Shahriah Risk Management commensurate with the size, complexity and nature of CIMB Group’s business.
- Overseeing and providing constructive challenge to the first line of defense in their execution of SRM Policies and Procedures.
- Providing training to enhance level of awareness on SRM.
- Establishing initiatives to strengthen SRM and Shariah compli...