Enterprise Risk Management, Manager

Part of Enterprise Risk Management Department which works as a second line of defense in partnership with the business (as first line of defense) to coordinate the risk management process throughout AIA PUBLIC Takaful Bhd. and its related group of companies to ensure all element of risks including Shariah-related) are properly identified, assessed, mitigated and reported in line with the BNM Guidelines as well as AIA policies requirements.
This position also responsible for the evolvement of the risk management framework, integration of risk management into business and provision of assurance to stakeholders, with primary focus on financial risk as well as opportunities to widen exposure to cover operational risk including Shariah-related. The individual in this position will require a thorough understanding of the business and be involved in cross-functional interactions with various business functions.

• Review the Risk Management Framework and other risk management related policies and procedures, with considerations for local regulatory (Bank Negara Malaysia (BNM) and/or Securities Commission) expectations and feedback from Management, Shariah Committee and Board of Directors (Board).
• Review the Risk Appetite – this includes risk tolerances and risk limits and ensuring effective monitoring with the establishment of appropriate key risk indicators (KRIs) and thresholds.
• Manage the implementation of risk management process throughout AIA PUBLIC Takaful Bhd. according to the Board approved risk methodology. This includes working consultatively with all business functions to ensure all elements of risks (including emerging risk arising from changes in the business and economic landscape) are properly identified, assessed, mitigated, monitored and reported; controls are assessed for adequacy and appropriateness with action plans developed on a timely basis where necessary and executed accordingly.

• Promote a positive and strong risk and ethics culture which is integrated and aligned with business to encourage discussion on risk matters and embed risk assessment process into the decision-making process.
• Provide support to Management on risk management issues relating to their areas of responsibility, which includes the provision of analytical insights and holistic value-adding independent advice to enhance broader risk-informed decision making, as well as consultative discussions in the resolution of potential risks and issues.
• Coordinate risk management related education and awareness for all employees on a regular basis.

• Conduct independent review and provide constructive feedback on the Independent Capital Adequacy Assessment Process (ICAAP), stress testing exercises, product risk assessments, Strategic Asset Allocation (SAA) review exercise, investment-related initiatives, liquidity adequacy assessment, climate-related risks and etc.
• Prepare and present risk management reports on timely basis highlighting risks, mitigating controls and action owners.

• Degree in related field including Actuarial Science and Financial Risk Management, with 5 years ++ relevant work experience in the financial industry handling actuarial, risk management and/or internal audit
• In-depth understanding of Insurance/ Takaful business preferred.
• In-depth knowledge of actuarial and/ or financial risk management practices
• Understanding of insurance business management or audit/ consulting for Financial Institutions.
• Good knowledge on process flows and control points
• Team player and passionate in learning
• Good interpersonal and communication skills and self-motivated.
• Good written and spoken communication skills in English and local language.
• Independent and be able to work under pressure
• Be organized, detail-oriented and analytical
• Possess leadership, coaching and influencing skills; business acumen; problem solving skills
• High level of integrity and take ownership and accountability of results