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Job ID: 34092
Job Openings by Title Associate Director, Financial Risk
Location Malaysia
Description:
Position:	Associate Director, Financial Risk

Company:	Insurance

Location:	Malaysia

Job ID:		34092

Responsibilities:

- Coordinate the implementation of risk management process.
- Work consultatively with all business functions to ensure all elements of risks are properly identified, assessed, mitigated, monitored and reported, and controls assessed for adequacy and appropriateness with action plans developed on a timely basis where necessary and executed accordingly.
- Manage the risk register and its associated action plan for remediation and root cause identification, as well as reporting to the relevant stakeholders as required.
- Develop and review Key Risk Indicators on a periodic basis.
- Review and update as necessary the Risk Management Framework based on the BNM Guidelines and company policies, incorporating feedback of Board and Management.
- Prepare / complete all relevant materials / papers on timely basis highlighting key risks, mitigating controls and action owner for Management, Group, respective local Risk Management Committees, Board Risk Committees and / or Board.
- Monitor and ensure the execution of relevant follow up works which include materials prior and post meeting, logistics, minutes and matters arising as directed by the respective local Risk Management Committees, Board Risk Committees and / or Board within agreed timeline and acceptable standard of quality.
- Ensure all relevant documents / data are updated into the folders as well as Group system on a timely basis.
- Conduct regulatory as well as internal review and reporting.
- Promote a positive and strong risk and ethics culture which is integrated and aligned with business, and allows for the optimization of goal achievements and identification of opportunities whilst minimizing potential exposures / within risk limits and appetite.
- Provide support to Management on risk management issues relating to their areas of responsibility. 
- Provide holistic independent advice to business functions to enhance broader decision making; and to integrate deeper with the business functions to encourage discussion on risk matters and embed a risk assessment process into decision making process.
- Coordinate risk management education and awareness such as to educate all employees on risk management process and principles on a continuous and regular basis.
- Conduct survey on ERM awareness, delivery, effectiveness and impact.

Qualifications:

- Degree in related field including Actuarial Science and Financial Risk Management, with at least five years’ relevant work experience in the financial industry handling actuarial, risk management and internal audit.
- In-depth understanding of Insurance / Takaful business preferred.
- In-depth knowledge of actuarial and / or financial risk management practices.
- Good interpersonal and communication skills and self-motivated.
- Good written and spoken communication skills in English and local language.
- Independent and able to work under pressure.
- Organized, detail-oriented and analytical.
- Possess leadership and influencing skills, business and risk acumen, decision making and problem solving skills.
- High level of integrity and take ownership and accountability of results.
- Consideration will be given for higher position depending on work experience.





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