Maybank, Affin clinch awards for risk management initiatives

Affin Bank group delegates with The Asian Banker’s Liquidity Risk Technology Implementation of the Year award. From left: Affin Islamic Bank CEO Nazlee Khalifah, Affin Bank managing director and CEO Kamarul Ariffin Mohd Jamil, Affin group chief risk officer Wong Kok Leong and Affin vice-president (group risk management) Loh Von Jack.

KUALA LUMPUR: Two Malaysian banks - Malayan Banking Bhd (Maybank) and Affin Bank Bhd - were honoured at The Asian Banker Risk Management Awards and Risk Technology Implementation Awards 2017 held in Singapore earlier this month.

Maybank bagged the Achievement in Risk Management Award while Affin netted Liquidity Risk Technology Implementation of the Year.

In a statement on Tuesday, Affin Bank said it was able to improve its operational efficiency, reporting capabilities, and risk analysis, and achieve its overall objective of improved risk management and business decision-making, by implementing Moody’s Analytics solutions.

“The implementation of these solutions has further strengthened Affin’s risk management capabilities, in line with the recently launched Affinity — a strategic transformation programme of the group,” said Affin Bank managing director and chief executive officer Kamarul Ariffin Mohd Jamil.

“With the ability to perform more frequent and more granular data analytics, we are in a better position to monitor and manage our risk exposures in accordance with our risk appetite, and to institute early corrective action when required.”