Head of Risk Management

Asetku; Jakarta Pusat; On-site; IDR 1,200,000,000 - 2,400,000,000; Full time

Job summary

Asetku is seeking a senior risk leader in Jakarta to drive the risk program, set appetite, and oversee risk models across the lending portfolio.

Lead the Risk Management team, strengthen controls, and align risk strategy with business goals while ensuring AML and data privacy compliance.

Qualifications

• Bachelor's or Master's degree in Finance, Economics, Accounting, Business, Risk Management, or related fields.
• Minimum 10 years of relevant experience in Risk Management within financial services, banking, or related industries.
• Solid knowledge of risk management principles, credit risk management, and financial institution processes.
• Strong understanding of OJK regulations and other applicable regulations for P2P lending and financial services.
• AFPI Level 5 certification preferred.

Responsibilities

• Develop and implement the company's overall risk management strategy.
• Lead, oversee, and provide strategic direction to the Risk Management team.
• Establish the company's risk appetite and align with business objectives and regulatory requirements.
• Oversee development and implementation of credit risk models and borrower verification.
• Analyze borrower behavior, payment patterns, and portfolio performance to support risk decisions.
• Identify operational risks related to lending activities, including fraud and data security.
• Ensure robust internal controls and processes to prevent fraud and maintain compliance.
• Develop and implement business continuity and disaster recovery plans.
• Develop risk mitigation strategies related to liquidity, investments, and market volatility.
• Ensure compliance with AML and data privacy laws; collaborate with Legal and Compliance.
• Provide regular reporting on risk metrics, strategies, and outcomes.
• Foster risk awareness culture and training across the organization.

Skills

Risk management principles

Credit risk management

Regulatory compliance

Education

Finance/Economics degree

AFPI Level 5 Certification

Job description

Responsibilities

• Develop and implement the company's overall risk management strategy.
• Lead, oversee, and provide strategic direction to the Risk Management team to ensure effective risk mitigation and compliance.
• Establish the company's risk appetite and ensure alignment with business objectives and regulatory requirements.
• Oversee the development and implementation of credit risk models, including credit assessment, borrower verification, and loan default prediction.
• Analyze borrower behaviour, payment patterns, and overall portfolio performance to support data-driven risk decisions.
• Identify operational risks related to lending activities, including fraud, data security, and operational inefficiencies.
• Ensure robust internal controls and processes are in place to prevent fraud and maintain compliance with industry standards.
• Develop and implement business continuity and disaster recovery plans.
• Develop risk mitigation strategies related to liquidity, investments, and market volatility.
• Ensure the company complies with applicable regulations, Anti-Money Laundering (AML) requirements, and data privacy laws.
• Collaborate with the Legal and Compliance teams to address regulatory changes and concerns.
• Provide regular and transparent reporting on risk metrics, strategies, and outcomes.
• Build a strong risk awareness culture across the organization, ensuring that all employees understand and prioritize risk management in their respective roles.
• Provide training and development programs on risk management best practices.

Requirements

• Bachelor's or Master's degree from a reputable university, preferably in Finance, Economics, Accounting, Business, Risk Management, or other relevant fields.
• Minimum 10 years of relevant experience in Risk Management within the financial services, banking, or related industries.
• Solid knowledge of risk management principles, credit risk management, and financial institution business processes.
• Strong understanding of OJK regulations and other applicable regulations, particularly those related to P2P Lending and financial services.
• A Risk Management Certification Level 5 from AFPI is preferred.