Principal Specialist, Cyber & Technology Risk (Cloud Third Party)

CYBER & TECHNOLOGY RISK
Malaysia

Mid Senior level


Why PayNet / Why Now

  • Help protect the trust behind Malaysia’s national payment infrastructure as PayNet scales modern platforms
  • Influence decisions that matter, where cloud speed, systemic risk, and regulatory expectations collide
  • Work in a high-stakes environment where governance quality directly enables innovation, not just compliance
  • Partner with senior technology and business leaders to unblock adoption while keeping risk defensible
  • Step into a role with clear visibility, your judgment will shape outcomes at Management and Board level

TL;DR

  • Own cloud and third‑party cyber risk governance across critical vendors and platforms
  • Decide how risks are assessed, escalated, and reported at enterprise and Board level
  • Shape frameworks that balance secure cloud adoption with regulatory expectations
  • Act as a trusted risk advisor to technology, procurement, and senior leadership
  • Deliver clarity on risk so PayNet can move fast without compromising trust

Why This Role Matters

  • Cloud and third‑party risks are among PayNet’s highest‑impact technology exposures
  • Regulatory expectations demand defensible, risk‑based oversight, not box‑ticking
  • Management and the Board rely on this role for clear, independent risk judgment
  • Strong governance here enables safe innovation across national payment platforms
  • Failure in this space carries systemic, reputational, and regulatory consequences

What You Will Actually Do

  • Own and evolve PayNet’s cloud security governance framework across Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS)
  • Lead cloud and third‑party cyber risk assessments that surface material risk, not noise
  • Decide risk treatment positions and drive alignment with risk appetite and regulation
  • Shape third‑party risk management processes from onboarding through ongoing oversight
  • Consolidate and present risk insights to Management and Board committees with clarity

Examples of This Role in Practice

  • Challenge a proposed cloud architecture by identifying control gaps and redefining risk acceptance conditions
  • Escalate a critical vendor risk with a clear recommendation that influences contract or remediation decisions
  • Redesign third‑party criticality assessment to better reflect systemic payment risks
  • Translate complex cloud findings into concise Board‑level risk narratives
  • Balance regulatory expectations with business urgency during a high‑stakes vendor onboarding

What Will Help You Succeed

  • Deep experience in cyber and technology risk within regulated or critical environments
  • Strong judgment in applying frameworks like Bank Negara Malaysia – Risk Management in Technology (BNM RMiT), ISO 27001, National Institute of Standards and Technology (NIST), Center for Internet Security (CIS), or equivalents
  • Confidence engaging senior stakeholders and standing firm on risk positions
  • Ability to connect cloud technology realities with governance and compliance outcomes
  • Professional certifications (e.g., Certified Information Systems Auditor (CISA), Certified Information Security Manager (CISM), ISO/IEC 27001) that reinforce credibility
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About the Company

Payments Network Malaysia Sdn Bhd

Embark on an exciting career journey with Payments Network Malaysia Sdn Bhd (PayNet), the heartbeat of Malaysia's financial markets!

As the national payments network and a pivotal infrastructure for Malaysia’s dynamic financial markets, PayNet is a linchpin in advancing the nation’s digital economy.

Our comprehensive suite of retail payment solutions - encompassing DuitNow (QR and P2P), JomPAY (Bill Payments), FPX (Online), MyDebit (Domestic Debit), MEPS (ATM), and IBG (Interbank GIRO) - not only offer wide accessibility but are seamlessly integrated into the fabric of daily life in Malaysia. These services have revolutionised the way Malaysians handle financial transactions, marking a significant leap in consumer convenience and efficiency.

At PayNet, our focus is on providing a safe, efficient, and innovative payments system. We are dedicated to improving and managing payment services that meet the evolving needs of consumers and businesses. Our work ensures the stability and reliability of Malaysia’s financial system, supporting the growth of the economy.

Learn more about our work and how we are contributing to Malaysia's financial future at www.paynet.my.

Join us in embracing digital payments and advancing Malaysia's financial landscape.