Enterprise Risk Management, Consultant

AIA Malaysia; Kuala Lumpur; On-site; MYR 120,000 - 180,000; Full time

Job summary

AIA Malaysia is seeking a senior risk professional to join the Enterprise Risk Management Department. You will coordinate risk management across the business, develop and maintain risk policies, and support governance, reporting and regulatory submissions.

You'll work with EXCO and department heads to embed risk ownership, drive RCA programs, and deliver timely risk insights that align with local regulations and Group standards.

Qualifications

• Degree in a related field with 5–15 years in financial risk management.
• Understanding of Insurance or financial services risk.
• Data analytics skills preferred.
• Strong communication and interpersonal skills.
• English and local language proficiency.
• Ability to work under pressure and be detailed.

Responsibilities

• Implement risk framework and policy management.
• Coordinate RCA and risk assessments across units.
• Prepare risk reports for EXCO and boards.
• Support regulatory submissions such as ORR.
• Embed risk ownership and governance across subsidiaries.
• Drive process improvements and digital enablement in risk reporting.

Skills

Risk management

Regulatory reporting

Data analytics

Communication

Leadership

Problem solving

Education

Degree in risk management / accounting / finance

Job description

FIND YOUR 'BETTER' AT AIA

We don’t simply believe in being ‘The Best’. We believe in better - because there’s no limit to how far ‘better’ can take us.

We believe in empowering every one of our people to find their 'better' – in the work they do, the career they build, the life they live and the difference they make. So that together we can support even more people – including our own – to live Healthier, Longer, Better Lives.

If you believe in better, we’d love to hear from you.

About The Role

Support role in Enterprise Risk Management Department which works as a second line of defense in partnership with the business to coordinate the risk management process throughout AIA Bhd. and its related group of companies to ensure all element of risks are properly identified, assessed, mitigated and reported in line with the BNM Guidelines as well as AIA policies requirements.

FIND YOUR 'BETTER' AT AIA

We don’t simply believe in being ‘The Best’. We believe in better - because there’s no limit to how far ‘better’ can take us.

We believe in empowering every one of our people to find their 'better' – in the work they do, the career they build, the life they live and the difference they make. So that together we can support even more people – including our own – to live Healthier, Longer, Better Lives.

If you believe in better, we’d love to hear from you.

About The Role

Support role in Enterprise Risk Management Department which works as a second line of defense in partnership with the business to coordinate the risk management process throughout AIA Bhd. and its related group of companies to ensure all element of risks are properly identified, assessed, mitigated and reported in line with the BNM Guidelines as well as AIA policies requirements.

Roles & Responsibilities

• Risk Framework Implementation & Policy Management
• Support the rollout and implementation of the Risk Management Framework, policies, and procedures across AIA Bhd. and its subsidiaries, ensuring alignment with Group standards and local regulatory requirements.
• Assist in the development, review, and enhancement of local risk policies, including risk appetite statements, risk limits, and key risk indicators, incident and issue managements, incorporating feedback from senior management and the Board.
• Risk & Control Assessment (RCA)
• Coordinate and facilitate the RCA program across business units to ensure operational risks are properly identified, assessed, and mitigated, including issue management, consultation/challenge on the control effectiveness, and key control testing.
• Work closely with EXCO and Heads of Departments to embed risk ownership and ensure controls are in place and operating effectively within the approved risk appetite.
• Incident Management & Regulatory Reporting
• Ensure timely, accurate, and complete reporting of operational risk incidents, including key action plans validation and tracking, and preparing reports to Senior Management.
• Support regulatory submissions such as BNM’s Operational Risk Reporting (ORR), including KRI and loss event data, and ensure timely and accurate reporting.
• Subsidiary Liaison & Coordination
• Act as the primary liaison for operational risk matters across subsidiaries, ensuring effective alignment, coordination, and execution of risk and control assessments and related risk management activities.
• Governance & Risk Reporting
• Prepare risk reports and presentation materials for EXCO, Operational Risk Committees, Board Risk Committees, and Group Risk functions, highlighting key risks, controls, and action plans.
• Support governance tasks including meeting minutes, gap analysis, audit document preparations, follow up with business on policy/standard renewal etc.
• Second line advisory
• Provide risk advisory and assessment support for strategic initiatives, new product launches, outsourcing arrangements, business cases, and process or control enhancements.
• This includes evaluating proposals from a risk perspective to ensure alignment with the enterprise risk framework and internal control standards.
• Embedding Risk Culture
• Promote a proactive risk culture by coordinating risk awareness programs, workshops, and training sessions for staff and senior management.
• Process Improvement & Digital Enablement
• Drive continuous improvement in risk management processes by leveraging digital tool to enhance risk dashboards, reporting efficiency, and data visualization for better decision-making and stakeholder engagement.

Minimum Job Requirements

• Degree in related field including Risk Management, Accounting, Actuarial Science, Finance, IT or Business with 5-15 years relevant work experience in the financial industry handling risk management, internal audit, compliance and/ or controls
• In-depth understanding of the Insurance/ Takaful business preferred and, in lieu of insurance, financial services.
• Data analytics skills preferred
• Good interpersonal and communication skills and self-motivated.
• Good written and spoken communication skills in English and local language.
• Independent and be able to work under pressure
• Be organized, detail-oriented and analytical
• Possess leadership, coaching and influencing skills; business acumen; problem solving skills
• High level of integrity and take ownership and accountability of results

Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.

You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.