Assistant Manager, Risk Management

FWD Insurance; Kuala Lumpur; On-site; MYR 180,000 - 300,000; Full time

Job summary

FWD Takaful Berhad in Malaysia is seeking a seasoned Risk & Compliance professional to ensure regulatory adherence and effective risk management across products and initiatives. You will support risk assessments, incident response, and governance processes while mentoring junior staff and coordinating awareness programs.

Ideal candidates hold a Bachelor’s degree in risk management or related field with at least 6 years in risk management, including senior/manager roles, and strong knowledge of

Qualifications

• Strong analytical, problem-solving and reporting skills required.
• Experience with risk management frameworks and regulatory requirements.
• Knowledge of ORM/ORR and BNM governance standards is preferred.

Responsibilities

• Ensure compliance with BNM and regulatory guidelines and timely remediation.
• Oversee risk assessments for new products, projects and digital initiatives.
• Support RCSA, ICP, KRIs, incident management and issue tracking processes.
• Manage operational risk profiling and timely risk identification and mitigation.
• Coordinate risk awareness, training and internal communications.

Skills

Analytical thinking

Leadership

Stakeholder management

Problem solving

Reporting skills

Education

Bachelor's degree in risk management or related field

Job description

About FWD Group

FWD Group (1828.HK) is a pan-Asian life and health insurance business that serves approximately 40 million customers across 10 markets, including BRI Life in Indonesia. FWD's customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the main board of the Hong Kong Stock Exchange under the stock code 1828.

For more information, please visit www.fwd.com

About FWD Takaful Berhad

FWD Takaful Berhad ("FWD Takaful") is a takaful provider in Malaysia that offers family takaful services. FWD Takaful is licensed under the Islamic Financial Services Act 2013 and is regulated by Bank Negara Malaysia. FWD Takaful is a takaful business unit of FWD Group.

Visit https://www.fwd.com.my

Join us

We're proud to be a company that encourages and nurtures fearless innovation in achieving our vision of changing the way people feel about takaful. Our teams come from a wide variety of industries and backgrounds because we value developing a truly diverse pool of talent that brings different perspectives and experiences. Our values - committed, innovative, proactive, open, and caring - define who we are and what we do as we work together to bring our vision to life, every single day.

Key responsibilities

• Ensure compliance with BNM and other regulatory guidelines, including timely reporting and remediation of issues
• Support in overseeing risk assessments for new products, projects, outsourcing arrangements, and digital initiatives
• Support in facilitation of RCSA, ICP, KRIs, Risk Incidents, and Issue Management processes across the organization
• Support in overseeing operational risk profiling and ensure timely identification, assessment, and mitigation of material risks
• Support in incident management and response efforts, ensuring all incidents are reported and escalated to the group office when required
• Contribute to risk-related projects and system enhancements to improve efficiency and compliance monitoringMaintain strong relationships with internal stakeholders (Group FWD, business units) and external parties (regulators, auditors)
• Mentor and supervise junior team members and provide guidance on risk and compliance best practices
• Coordinate risk awareness programs, training sessions, and internal communications

About you

• Bachelor's degree in risk management, Business Administration, or related field
• Minimum 6 years of experience in risk management, with 4 years in a Senior Executive / Manager role
• Strong knowledge of regulatory requirements (BNM) and enterprise risk frameworks, especially ORM and ORR
• Professional certifications (IERP, ICA, LOMA, etc.)
• Strong understanding of risk management principles and regulatory requirements
• Familiar with BNM regulatory requirements, governance standards, and reporting (e.g., ORR)
• Proficiency in risk assessment tools and compliance monitoring systems
• Knowledgeable in insurance/takaful operational processes, fraud risk and privacy impact analysis
• Excellent analytical, problem-solving, and reporting skills
• Strong leadership and stakeholder management capabilities