- Sarazin binti Sheikh Mustafa, assumes Director of Risk Management and Compliance role, to strengthen risk management and various strategy functions at MDEC
- She will provide risk advisory and mitigation strategies to MDEC
Cyberjaya, 4 March 2021: The Malaysia Digital Economy Corporation (MDEC) today announces the appointment of Sarazin binti Sheikh Mustafa as Director of Risk Management and Compliance.
The appointment of Sarazin will provide MDEC with tactical advice and direction in risk assessment and mitigation strategies as well as leading the implementation of Risk Management Framework for MDEC to ensure that comprehensive and consistent risk identification, assessment and processes are met.
Marking yet another significant appointment under MDEC’s ‘Reinvent’ agenda – the latest hire is another step forward for MDEC to inculcate a high performing and high-impact organisation. The agency has begun cascading changes throughout the organisation to ensure optimal performance for its new structure.
“Over the course of her illustrious career, Sarazin has established herself as a risk management specialist leader and I am certain she will spearhead risk management and mitigation unit, in our never ending drive towards innovations to scale actionable solutions and in effect, enabling MDEC to continue to lead the digital economy forward, ensuring that we are on track towards realising the potential and opportunities of 4IR and Malaysia 5.0. I look forward to the step-up in our overall efficiency and in turn, benefitting our various stakeholders and ultimately the people and the country,” said YBhg. Datuk Wira Dr Hj. Rais Hussin Mohamed Ariff, Chairman of MDEC.
Sarazin will lead the Risk Management and Compliance Departments at MDEC. She will provide tactical advice and direction to the Board of Directors, relevant Board Committees such as Integrity and Audit and Risk Committee, the MOC, and business teams in line with MDEC’s commitments.
This includes overseeing the implementation of the company’s enterprise risk management as well as the compliance framework for MDEC, while promoting the compliance of the rules, procedures and standards. It mirrors the “Input, Output, Outcome & Impact (IOOI) Valuation Metrics” that MDEC recently introduced into its planning process to guide resource allocation and utilisation, as well as effectively measure the organisation’s socio-economic contribution to society.
“I am very happy to have Sarazin to be part of the MDEC family. Her expertise and experiences will definitely strengthen our risk management strategies and processes. A robust risk management framework will provide us with a solid footing to manage uncertainty and increase stakeholders value, complementing our efforts in proliferating digital economy and benefit the many for a future of a shared prosperity in line with the aspirations of MyDIGITAL,” said Surina Shukri, CEO of MDEC.
Prior to MDEC, Sarazin was the Head and Vice President of Enterprise Risk Management and Business Continuity Management at Bank Simpanan Nasional (BSN), leading the engagement and enhancement of relationship with regulators and other stakeholders. She was also responsible for the identification, assessment, review and monitoring of risks, in line with Bank Negara Malaysia’s Risk Governance Framework as well as BSN’s Risk Framework.
“I bring with me 15 years’ worth of experience in risk management and strategies and I will do my utmost in ensuring that MDEC continues to create effective and cogent outcomes at all levels. I am thrilled to be able to do my part and apply my know-how to further add value towards achieving best practices and results,” said Sarazin.
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About Malaysia Digital Economy Corporation (MDEC)
Malaysia Digital Economy Corporation (MDEC) is a government agency under the purview of the Ministry of Communications and Multimedia Malaysia entrusted to lead Malaysia’s digital economy forward.
Incorporated in 1996 to oversee the development of the MSC Malaysia initiative, MDEC’s primary mandate today is to accelerate the growth of digitally-skilled Malaysians, digitally-powered businesses and digital investments in Malaysia. MDEC is focused on creating inclusive, high-quality growth through the nationwide digitalisation initiatives that are in line with the Government’s Shared Prosperity Vision 2030 in line with Malaysia 5.0 and firmly establishing Malaysia as the Heart of Digital ASEAN.