Assistant Manager, Risk Management

FWD Malaysia Holdings Sdn Bhd; Kuala Lumpur; On-site; MYR 150,000 - 270,000; Full time

Job summary

FWD Malaysia Holdings Sdn Bhd is seeking a senior Risk Management & Compliance leader to drive robust risk controls and a compliant culture. The role offers autonomy in decision-making and influence over governance processes to safeguard organisational integrity.

You will lead risk assessments, oversee critical risk and incident management activities, and mentor a team while maintaining strong internal and external stakeholder relationships with regulators and auditors.

Qualifications

• Bachelor's degree in risk management, business administration, or related field.
• Minimum 6 years in risk management, with 4 years in Senior Executive/Manager role.
• Strong knowledge of regulatory requirements (BNM) and enterprise risk frameworks (ORM/ORR).
• Proficiency in risk assessment tools and compliance monitoring systems.
• Experience with insurance/takaful operational processes and privacy impact analysis.

Responsibilities

• Lead and support the implementation of advanced risk management frameworks.
• Ensure compliance with regulatory guidelines and timely reporting.
• Oversee risk assessments for new products, outsourcing, and digital initiatives.
• Facilitate RCSA, ICP, KRIs, Risk Incidents, and Issue Management processes.
• Mentor junior team members and coordinate risk awareness programs.

Skills

Risk management

Regulatory knowledge

ORM/ORR experience

Stakeholder management

Leadership

Education

Bachelor's degree in risk management or related field

Tools

Risk assessment tools

Compliance monitoring systems

Job description

To lead and support the Risk Management & Compliance function by driving the implementation of advanced risk management frameworks, ensuring robust operational risk controls, and promoting enhanced risk and compliant culture. This role provides greater autonomy in decision-making, contributes to strategic risk initiatives, and influences governance processes to safeguard organisational integrity.

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 monitoring

Maintain 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

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

Unlock job insights

Your application will include the following questions:

• What's your expected monthly basic salary?
• How many years' experience do you have as a Risk Management Manager?
• How many years' experience do you have in the insurance industry?

FWD Malaysia Holdings Sdn Bhd (FWD Malaysia) is the financial holding company for FWD Takaful & FWD Insurance Bhd, aim to change how people feel about takaful & insurance. Through its subsidiaries it offers family takaful and life insurance, including medical, CI protection, savings plans and investment-linked solutions, and is regulated by Bank Negara Malaysia under Financial Services Act 2013. It is part of FWD Group (1828.HK), a pan-Asian life and health insurer founded in 2013, serving over 38Ms clients across 10 of the world’s fastest-growing insurance markets, including BRI Life in Indonesia, and listed on the Hong Kong Stock Exchange Main Board (stock code 1828). More info: fwd.com.my

FWD Malaysia Holdings Sdn Bhd (FWD Malaysia) is the financial holding company for FWD Takaful & FWD Insurance Bhd, aim to change how people feel about takaful & insurance. Through its subsidiaries it offers family takaful and life insurance, including medical, CI protection, savings plans and investment-linked solutions, and is regulated by Bank Negara Malaysia under Financial Services Act 2013. It is part of FWD Group (1828.HK), a pan-Asian life and health insurer founded in 2013, serving over 38Ms clients across 10 of the world’s fastest-growing insurance markets, including BRI Life in Indonesia, and listed on the Hong Kong Stock Exchange Main Board (stock code 1828). More info: fwd.com.my