Assistant Manager, Risk Management (SLMT)

Sun Life; Kuala Lumpur; On-site; MYR 120,000 - 180,000; Full time

Job summary

Sun Life Malaysia is seeking a dedicated risk professional to identify, assess, monitor and report financial and takaful risks in line with the company framework and Bank Negara Malaysia expectations. The role emphasizes technical risk review, analysis and reporting under senior management oversight.

You will contribute to risk governance, assist in risk committee reporting, policy reviews, and the development of risk awareness materials to foster a strong risk culture across the organization.

Qualifications

• Degree in Actuarial Science, Finance, Risk Management or related discipline.
• Progress in actuarial or risk qualifications is an advantage.
• Strong analytical and reporting skills.

Responsibilities

• Support risk committee reporting and risk register updates.
• Oversee risk policies and operating guidelines maintenance.
• Monitor risk appetite and reporting metrics quarterly.
• Prepare independent risk assessments and review issuer risk profiles.
• Support MBCT governance and analytics across the risk function.
• Assist in asset liability and portfolio risk parameter reviews.

Skills

Financial risk assessment

Regulatory compliance

Analytical thinking

Communication

Education

Degree in Actuarial Science, Finance, Risk Management

Progress in actuarial or risk qualifications

Tools

Excel

SQL

Job description

Jora Malaysia will close on 9th September 2026. Thank you for being with us, we are cheering you on as you continue your career journey.

This role supports the independent identification, assessment, monitoring and reporting of financial and takaful risks, acting as a second-line risk review function in accordance with the Company’s risk management framework and Bank Negara Malaysia (BNM) regulatory expectations.

The position focuses on technical risk review, analysis and reporting, with appropriate oversight provided by senior management.

The role also supports the development and capability of team members to ensure timely, accurate and high-quality risk assessments and deliverables.

Major Accountabilities

1. Risk Committee Support and Reporting

Update risk registers, emerging risks and consolidate risk dashboard.

Support and coordinate the preparation of report to:

• Takaful Committee Meeting (TCM)
• Asset Liability Committee (ALCO)
• Enterprise Risk Management Committee (ERMC)
• Board of Directors (BOD)

2. Risk Policies and Operating Guidelines

Oversee and coordinate the maintenance and annual review of Risk Management policies and operating guidelines (OG)

Perform independent second-line review of relevant policy or OG submissions from first-line functions.

Support Policy Sponsor in assessing adherence to, and effectiveness of, the Company’s risk management policies and programs via Annual Risk Questionnaire (ARQ)

Monitor, track and report remediation actions for policy non-compliance

3. Risk Appetite Monitoring and Reporting

Assist in setting economic scenarios and reviewing risk limits.

Perform quarterly reviews of Earnings at Risk and Capital at Risk, ensuring methodological consistency and appropriateness.

Coordinate and support the annual review of internal target capital level (ITCL) exercise.

4. Credit Risk Review and Independent Assessment

Prepare independent credit review reports as part of the second line risk function.

Liaise with the Investment team to assess issuer risk profiles and exposures.

5. Model, Analytics and MBCT Risk Review

Support the Company’s MBCT and advanced analytics governance activities.

Perform independent reviews of models, calculators, end user computing tools and analytics applications developed by first line functions.

Assist in model validation reviews and document findings, observations and control deficiencies.

6. Asset Liability and Portfolio Risk Parameters

Support annual reviews of asset mix, duration targets and portfolio parameters.

Perform analytical reviews to assess alignment with approved risk appetite and tolerances.

Support the development and review of risk awareness materials, including training slides, internal communications and staff engagement materials, to foster a strong risk culture.

Qualification

Degree in Actuarial Science, Finance, Risk Management or related discipline.

Progress in professional actuarial or risk qualifications is an advantage.