Please Note
- An estimate based on public data for similar roles. Not provided by the employer.
Director, CIB Third Party Risk Controls, Assurance & Transformation
Role summary
Written by MyIslandJob from the job title and employer. See the employer's page for the full description.
This director-level role leads third-party risk controls, assurance and transformation for Standard Chartered’s Corporate, Commercial and Institutional Banking business in Malaysia. The successful candidate is expected to bring substantial experience in third-party/vendor risk management, operational risk, control frameworks, audit or regulatory assurance, and transformation delivery, preferably within banking or another highly regulated environment. Strong knowledge of governance, risk assessments, control testing, issue remediation and outsourcing requirements is important. The role requires senior stakeholder management across business, procurement, technology, risk and compliance teams, as well as the ability to influence internationally distributed teams. Candidates should be strategic, commercially aware, analytical and confident presenting to senior management and regulators.
Can I work in Malaysia?
Never pay anyone for a visa or a job offer. A real employer pays the permit costs and never asks you for money.
How it works
How it works: Employment Pass with a Bank Negara letter; RM 5,000+ basic (about USD 1,150) after a 14-day MYFutureJobs advert (exempt at RM 15,000+); 10 years from RM 10,000.
Before you apply: Dealing, advising and senior roles usually need a regulator's licence or approval, which checks your honesty, skills and finances. Ask if your job does.
Watch for: Only basic pay counts towards the RM 5,000 floor, not allowances; from 1 January 2027 EP II and III applications need a succession plan to train a Malaysian.
Official source: Expatriate Services Division: ESD Online Guidebook 2025. Checked November 2026.
What the job usually comes with in Malaysia
Usual for Banking jobs in Malaysia, varies by employer. Checked November 2026.
| Housing | Not provided; senior expats may get a housing allowance |
|---|---|
| Relocation | Employer usually pays the pass fees (about RM 330 to 480) and any levy; relocation money for senior hires only |
| Flights | Not standard; senior packages may add a joining flight and home leave |
| Contract | Fixed term tied to the pass, up to 5 years each; EP I and II capped at 10 years, EP III at 5 (June 2026) |
| Leave | Peninsular Malaysia: 8 days a year, 12 after 2 years, 16 after 5; 11 public holidays; 45-hour week (by law) |
| Income tax | Flat 30% until 182 days in a year, then 0% to 30%; EPF pension 2% + 2% is mandatory since October 2025 |
| Health cover | Work-injury and invalidity cover via SOCSO (by law); no public health cover; employers add private insurance |
Senior staff often get more than line staff, for example a single room or a yearly home flight. Ask the employer what the job includes before you accept.
Guidance, not legal advice. Rules change; your employer confirms the details for your case.
About Standard Chartered
Standard Chartered is an international banking group headquartered in London, with a strong focus on markets across Asia, Africa and the Middle East. The bank provides corporate, commercial and institutional banking, wealth management, retail banking, transaction banking, financing, treasury and capital-markets services. Malaysia is an important regional location, supporting customer operations, technology, shared services and specialist control functions. Standard Chartered promotes a purpose-led culture centred on doing business responsibly, supporting communities and managing risk effectively. Employees typically work in internationally connected teams and may collaborate with colleagues across multiple time zones. The organisation places significant emphasis on conduct, financial crime prevention, operational resilience, technology, data protection and regulatory compliance. Benefits and working arrangements vary by role, grade and local employment terms, but senior positions generally include performance-related compensation, healthcare and retirement-related benefits.