Manager, Climate Risk & Group Risk Reporting
Hong Leong Assurance Berhad
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Job summary
Hong Leong Assurance Berhad is seeking a Manager to lead climate risk and group risk reporting initiatives in Malaysia. The role focuses on identifying, assessing and mitigating climate-related risks across the enterprise and coordinating reporting across subsidiaries.
The ideal candidate has 8+ years in risk/climate risk, with strong analytical abilities, knowledge of TCFD/NGFS/MAS guidelines, and proven stakeholder engagement skills. Advanced ESG qualifications are preferred.
Qualifications
- Minimum 8 years of experience in a risk management or climate risk, sustainability or environmental management role.
- Thorough understanding of climate science, climate‑related risks and their potential impact on the financial sector.
- Strong analytical skills and experience in using quantitative and qualitative techniques to assess and model climate‑related risks.
- Excellent project management and stakeholder engagement skills, with the ability to effectively communicate complex climate risk information to both technical and non‑technical audiences.
- Familiarity with relevant climate risk frameworks, guidelines and regulations (e.g., TCFD, NGFS, MAS guidelines).
- Relevant professional qualifications or certifications in risk management/ actuarial/climate risk, sustainability or environmental management.
- Strong understanding of Group Risk Governance frameworks, including risk appetite, escalation protocols, and reporting lines across Head Office and subsidiaries.
- Experience in Group‑wide risk reporting and consolidation, including coordination across entities to ensure consistency, completeness, and comparability of risk information.
- Strong attention to detail and quality assurance skills, ensuring accuracy and internal consistency of Group risk reports.
- Effective coordination and collaboration skills to work with Risk, Actuarial, Finance, Sustainability/ESG, and Business units across multiple entities.
Responsibilities
- Conduct comprehensive climate risk assessments to identify, analyze and evaluate potential climate-related risks, including physical, transition and liability risks.
- Develop and implement climate risk management frameworks, policies and procedures to effectively monitor, mitigate and report on climate-related risks.
- Collaborate with cross-functional teams to integrate climate risk considerations into our overall enterprise risk management processes.
- Engage with key stakeholders, including regulators, industry bodies and subject matter experts, to stay abreast of emerging climate risk trends and best practices.
- Produce detailed climate risk reports and analysis to support strategic decision-making and ensure compliance with relevant regulations and frameworks.
- Design and deliver targeted climate risk training programs to build awareness and capabilities across the organization.
- Execute ESG-related initiatives and projects in accordance with Group-defined criteria, standards, policies, and governance frameworks, ensuring alignment across business units and entities.
- Support the Risk Management Task Force by contributing to risk assessments, analytical reviews, and ad‑hoc support activities related to enterprise and emerging risk topics.
- Coordinate Group-wide risk management reporting across HLAH and subsidiaries, ensuring consistency, completeness, and timely submission in accordance with internal governance and regulatory expectations.
- Conduct reviews of entities’ Risk Appetite Statements (RAS) to assess alignment with underlying risk profiles, capital adequacy, and approved business strategies, in accordance with Group and regulatory expectations.
- Liaise closely with HLFG RMD or relevant departments to align reporting expectations, methodologies, and deliverables, and to address gaps or clarifications arising from Group risk oversight.
- Conduct the annual review of the Own Risk and Solvency Assessment (ORSA) report prepared by HLIA & HLAS, including assessment of related stress testing and scenario analysis outputs developed by external consultants.
- Participate in risk management projects, committees, and working groups, contributing to the development and enhancement of Group risk management frameworks, processes, and controls.
- Ensure compliance with Company and regulatory risk management policies and guidelines.
Skills
Education
Job description
The Manager, Climate Risk & Group Risk Reporting will be responsible for developing and implementing robust climate risk management strategies to ensure the long-term resilience and sustainability of our organization. This role is role in identifying, assessing and mitigating climate-related risks across our business operations. enhance risk dashboard prepared by HLIA (Hong Kong) HLAS (Singapore) and prepare the slides for GBRMC meetings.
Conduct comprehensive climate risk assessments to identify, analyze and evaluate potential climate-related risks, including physical, transition and liability risks.
Develop and implement climate risk management frameworks, policies and procedures to effectively monitor, mitigate and report on climate-related risks.
Collaborate with cross-functional teams to integrate climate risk considerations into our overall enterprise risk management processes.
Engage with key stakeholders, including regulators, industry bodies and subject matter experts, to stay abreast of emerging climate risk trends and best practices.
Produce detailed climate risk reports and analysis to support strategic decision-making and ensure compliance with relevant regulations and frameworks.
Design and deliver targeted climate risk training programs to build awareness and capabilities across the organization.
Execute ESG-related initiatives and projects in accordance with Group-defined criteria, standards, policies, and governance frameworks, ensuring alignment across business units and entities.
Support the Risk Management Task Force by contributing to risk assessments, analytical reviews, and ad‑hoc support activities related to enterprise and emerging risk topics.
Coordinate Group-wide risk management reporting across HLAH and subsidiaries, ensuring consistency, completeness, and timely submission in accordance with internal governance and regulatory expectations.
Conduct reviews of entities’ Risk Appetite Statements (RAS) to assess alignment with underlying risk profiles, capital adequacy, and approved business strategies, in accordance with Group and regulatory expectations.
Liaise closely with HLFG RMD or relevant departments to align reporting expectations, methodologies, and deliverables, and to address gaps or clarifications arising from Group risk oversight.
Conduct the annual review of the Own Risk and Solvency Assessment (ORSA) report prepared by HLIA & HLAS, including assessment of related stress testing and scenario analysis outputs developed by external consultants.
Participate in risk management projects, committees, and working groups, contributing to the development and enhancement of Group risk management frameworks, processes, and controls.
Ensure compliance with Company and regulatory risk management policies and guidelines.
Lead, guide & support team/group members in the team to achieve relevant KRAs.
Provide support to team/group members where necessary within department & across units.
Support overall relevant assigned tasks.
Inculcate proactive risk management culture in the organization.
Bachelor's Degree of Actuarial/ ESG related.
Minimum 8 years of experience in a risk management or climate risk, sustainability or environmental management role.
Thorough understanding of climate science, climate‑related risks and their potential impact on the financial sector.
Strong analytical skills and experience in using quantitative and qualitative techniques to assess and model climate‑related risks.
Excellent project management and stakeholder engagement skills, with the ability to effectively communicate complex climate risk information to both technical and non‑technical audiences.
Familiarity with relevant climate risk frameworks, guidelines and regulations (e.g., TCFD, NGFS, MAS guidelines).
Relevant professional qualifications or certifications in risk management/ actuarial/climate risk, sustainability or environmental management.
Strong understanding of Group Risk Governance frameworks, including risk appetite, escalation protocols, and reporting lines across Head Office and subsidiaries.
Experience in Group‑wide risk reporting and consolidation, including coordination across entities to ensure consistency, completeness, and comparability of risk information.
Strong attention to detail and quality assurance skills, ensuring accuracy and internal consistency of Group risk reports.
Effective coordination and collaboration skills to work with Risk, Actuarial, Finance, Sustainability/ESG, and Business units across multiple entities.
Ability to manage multiple reporting deadlines and deliverables concurrently in a Group reporting environment.
Hong Leong Assurance Berhad (HLA) is one of the largest insurance companies in Malaysia. It is a well‑established and respected Malaysian brand offering financial planning and protection solutions to meet the various needs of Malaysians at different cycles of their lives. Commitment to the customer is the key to HLA's success, where service is provided through a large network of branches, agents and brokers throughout the country as well as bancassurance and alternative distribution channels.
HLA began as a General Insurance business under the name of Malaysia Pacific Insurance Berhad in 1972. The Life Insurance business was added into its portfolio a year later. In December 1982, Hong Leong Assurance Sdn Bhd, a composite insurance company was formed eventually acquiring the entire General and Life business of Malaysia Pacific Insurance. Today, HLA is a subsidiary of HLA Holdings Sdn Bhd (HLAH), which is wholly‑owned by Hong Leong Financial Group Berhad (HLFG), the financial services arm of Hong Leong Group Malaysia.
Pursuant to a strategic partnership, in October 2010, HLA merged its General Insurance business with MSIG Insurance (Malaysia) Bhd (MSIM). Concurrently, HLAH took a 30 percent equity interest in MSIM and Mitsui Sumitomo Insurance Company Limited (MSI) took a 30 percent equity interest in HLA. Moving forward, the General Insurance business would be provided by MSIM, while the life insurance business would continue to be provided by HLA.
With the strategic partnership, HLA is poised to reach new horizons for its Life Insurance business. HLA is today one of Malaysia's leading domestic brands for financial planning and protection solutions, specializing in Life Insurance products and services.
HONG LEONG FINANCIAL GROUP
Hong Leong Financial Group is a leading provider of financial services through the subsidiaries and associate companies of Hong Leong Financial Group Berhad.
The Group's Financial Services companies provide a broad spectrum of financial services - banking, treasury, insurance, fund management, investment banking, capital markets and stock‑broking throughout Malaysia, Singapore, China, Hong Kong and Vietnam. Based in Kuala Lumpur, our products and services are distributed via a diverse range of distribution channels.
Our vision is to be an integrated services group that consistently meet our customers' financial and investment needs. Our goal is to become a leader in the financial services industry, a leader in each of the market that we operate in.
HONG LEONG GROUP MALAYSIA
Hong Leong Group is a leading conglomerate based in Malaysia with diversified businesses in manufacturing and distribution, financial services, property development & investment, and hospitality & leisure. The Group today controls 13 listed companies in various stock exchanges with over 500 operating subsidiaries and associate companies around the world. Now forty years in operation, the Hong Leong Group has successfully entrenched its brands deeply in the communities where it has a presence - in its home base Malaysia to the rest of Asia, in Western Europe and the UK, in North America and in Oceania.
HONG LEONG ASSURANCE BERHAD
Hong Leong Assurance Berhad (HLA) is one of the largest insurance companies in Malaysia. It is a well‑established and respected Malaysian brand offering financial planning and protection solutions to meet the various needs of Malaysians at different cycles of their lives. Commitment to the customer is the key to HLA's success, where service is provided through a large network of branches, agents and brokers throughout the country as well as bancassurance and alternative distribution channels.
HLA began as a General Insurance business under the name of Malaysia Pacific Insurance Berhad in 1972. The Life Insurance business was added into its portfolio a year later. In December 1982, Hong Leong Assurance Sdn Bhd, a composite insurance company was formed eventually acquiring the entire General and Life business of Malaysia Pacific Insurance. Today, HLA is a subsidiary of HLA Holdings Sdn Bhd (HLAH), which is wholly‑owned by Hong Leong Financial Group Berhad (HLFG), the financial services arm of Hong Leong Group Malaysia.
Pursuant to a strategic partnership, in October 2010, HLA merged its General Insurance business with MSIG Insurance (Malaysia) Bhd (MSIM). Concurrently, HLAH took a 30 percent equity interest in MSIM and Mitsui Sumitomo Insurance Company Limited (MSI) took a 30 percent equity interest in HLA. Moving forward, the General Insurance business would be provided by MSIM, while the life insurance business would continue to be provided by HLA.
With the strategic partnership, HLA is poised to reach new horizons for its Life Insurance business. HLA is today one of Malaysia's leading domestic brands for financial planning and protection solutions, specializing in Life Insurance products and services.
HONG LEONG FINANCIAL GROUP
Hong Leong Financial Group is a leading provider of financial services through the subsidiaries and associate companies of Hong Leong Financial Group Berhad.
The Group's Financial Services companies provide a broad spectrum of financial services - banking, treasury, insurance, fund management, investment banking, capital markets and stock‑broking throughout Malaysia, Singapore, China, Hong Kong and Vietnam. Based in Kuala Lumpur, our products and services are distributed via a diverse range of distribution channels.
Our vision is to be an integrated services group that consistently meet our customers' financial and investment needs. Our goal is to become a leader in the financial services industry, a leader in each of the market that we operate in.
HONG LEONG GROUP MALAYSIA
Hong Leong Group is a leading conglomerate based in Malaysia with diversified businesses in manufacturing and distribution, financial services, property development & investment, and hospitality & leisure. The Group today controls 13 listed companies in various stock exchanges with over 500 operating subsidiaries and associate companies around the world. Now forty years in operation, the Hong Leong Group has successfully entrenched its brands deeply in the communities where it has a presence - in its home base Malaysia to the rest of Asia, in Western Europe and the UK, in North America and in Oceania.
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