Head of Risk Management and Operations

Challenge Group Underwriters & Managers (L) Inc; Labuan; On-site; MYR 250,000 - 300,000; Full time

Job summary

A leading insurance and financial services provider in Labuan is looking for a Head of Risk Management. The successful candidate will oversee risk compliance, ensure adherence to Labuan Financial Services Authority regulations, and lead operational improvements. A Bachelor's degree in a relevant field and at least 5 years of relevant experience are essential for this role.

Qualifications

• Minimum of 5 years’ experience in insurance, financial services, or related industries.
• Strong knowledge of Labuan regulatory framework and LFSA requirements.
• Ability to manage cross-functional teams.

Responsibilities

• Oversee risk compliance and corporate governance requirements.
• Ensure compliance with LFSA regulatory obligations.
• Lead operational functions to improve process efficiency.

Skills

Leadership skills

Analytical skills

Regulatory knowledge

Interpersonal skills

Problem-solving

Education

Bachelor’s degree in Law, Business Administration, Finance

Master’s degree

Job description

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Responsibilities

• Oversee all aspects of risk compliance and corporate governance requirements.
• Ensure the company meets all Labuan Financial Services Authority (LFSA) regulatory obligations and reporting timelines.
• Develop, implement, and maintain risk policies, procedures, and controls.
• Monitor ongoing compliance with laws, regulations, and internal policies.
• Lead operational functions to improve process efficiency, workflow, and service delivery.
• Identify areas for operational improvement and implement solutions to enhance productivity.
• Manage vendor relationships and ensure contractual obligations are met.
• Supervise and support staff, ensuring tasks are completed on time and to quality standards.
• Collaborate with other departments to ensure cohesive operations across the business.
• Prepare reports for senior management and stakeholders.
• Provide training and guidance to staff.
• Act as the primary liaison with regulators, auditors, and external stakeholders.

Qualifications & Skills

• Bachelor’s degree in Law, Business Administration, Finance, or related field (Master’s degree preferred).
• Minimum of 5 years’ experience, preferably in insurance, financial services, or related industries.
• Strong knowledge of Labuan regulatory framework and LFSA requirements.
• Proven leadership skills and ability to manage cross-functional teams.
• Excellent problem-solving, decision-making, and analytical skills.
• Ability to work under pressure and meet tight deadlines.
• Strong interpersonal and communication skills.
• High level of integrity and attention to detail.

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