Risk Director - Multifinance

Michael Page; Daerah Khusus Ibukota Jakarta; On-site; USD 150,000 - 200,000; Full time

Job summary

A leading multi-finance company in Jakarta is seeking a seasoned Risk Management Executive to develop and lead the risk management strategy. The ideal candidate will have extensive experience in financial services, particularly in risk leadership roles. This position requires strong regulatory knowledge, excellent leadership skills, and the ability to foster a risk-aware culture across the organization.

Benefits

Stable funding structure

Solid client base

Established firm

Qualifications

• Minimum 20 years of experience in financial services.
• At least 10 years in a senior risk leadership role.

Responsibilities

• Develop and lead risk management strategy.
• Serve as the principal advisor on risk-related matters.
• Establish and maintain ERM framework.

Skills

Leadership

Communication

Stakeholder Management

Strategic Thinking

Education

Advanced degree in Finance

Advanced degree in Risk Management

Advanced degree in Economics

Advanced degree in Business

Job description

• Established Firm
• Compensation and Benefit

About Our Client

Our client is well-established multi-finance company in Indonesia, which offers wide range of financing products and services, including:

• Car financing (new and used vehicles)
• Multipurpose financing (with vehicle collateral)
• Working capital and investment financing for businesses
• Leasing and factoring for commercial clients

Job Description

• Develop and lead the overall risk management strategy in line with the company's business objectives and regulatory environment.
• Serve as the principal advisor to the Board of Directors and executive management on all risk-related matters.
• Establish, implement, and maintain a comprehensive Enterprise Risk Management (ERM) framework covering credit, operational, market, liquidity, legal, compliance, reputational, and strategic risks.
• Lead the Risk Management Committee and work closely with internal control functions including Compliance, Audit, and Legal.
• Oversee the credit policy, underwriting framework, risk rating models, and loan portfolio management for retail and corporate financing.
• Ensure strong asset quality while enabling prudent business growth.
• Monitor and evaluate operational risk controls across business processes including technology, collections, branch operations, and outsourcing arrangements.
• Supervise market and liquidity risk exposure and ensure alignment with internal limits and external regulatory requirements.
• Ensure compliance with OJK, Bank Indonesia, and other relevant regulations and proactively prepare for regulatory changes.
• Drive company readiness for regulatory audits and inspections.
• Foster a strong risk culture across all business units through awareness, training, and consistent policy enforcement.
• Mentor and build a high-performing risk management team.
• Lead the development and testing of business continuity and crisis management plans.
• Act as a central figure during risk incidents or economic shocks.

The Successful Applicant

• Minimum 20 years of experience in financial services, with at least 10 years in a senior risk leadership role, preferably within the multifinance or consumer lending sector.
• Strong knowledge of the regulatory framework in Indonesia (OJK, POJK, etc.) and industry best practices in risk management.
• Proven experience in working closely with boards, regulators, and external stakeholders.
• Strategic thinker with excellent leadership, communication, and stakeholder management skills.
• Advanced degree in Finance, Risk Management, Economics, Business, or a related field. Professional certifications (e.g., FRM, CFA, CRMP) are a plus.
• Fluency in Bahasa Indonesia and English.

What's on Offer

• A stable funding structure and integrated network
• Solid client base
• Established firm