Page 52 - Bank-Muamalat-AR2020

50 BANK MUAMALAT MALAYSIA BERHAD About Us Our Leadership Our Strategy
About Us
ANNUAL REPORT FY2020

OUR STRATEGIC

DIRECTION

The FY2021 RISE24 Transformation Goals The refined RISE24 Transformation is driven by the following
5 strategic priorities which have been aligned to the 7 SFAs,
where possible:
Defined goals
and objectives
of strategic Determined
initiatives dependencies i Accelerate Business Growth (SFA1, SFA2, SFA5)
of each
strategic
initiative
ii Technology Transformation (SFA3, SFA4)

Aligned
capability
The refined and capacity
RISE24 iii Institutionalise Risk & Compliance
Transformation
includes
iv Drive Efficiency (SFA2, SFA6)

The Bank’s response to the refined RISE24 includes a new
governance structure which enables more efficient facilitation
of information and decision-making within individual v Develop Leaders/People (SFA7)
business units, and is governed through the Transformation
Steering Committee (“TSC”) and Transformation Management
Office (“TMO”). By integrating efforts and initiatives towards These 5 strategic priorities will be cascaded down for
the anticipated aspiration, the Bank intends to break the ‘silo’ development of the Annual Business Plan FY2021 which
mindset and elevate a sense of shared purpose. will relay the objectives for all business and support units
in mapping their business plans for 2021. This ensures that
Each strategy is made highly implementable with defined the efforts and initiatives by all units for the year are geared
goals and objectives. Every strategic initiative now has towards the same goals.
a determined dependency and is aligned to capability
and capacity. TMO provides strong support, governance
and constant communication towards the successful
implementation of each.