Operational Risk Senior Executive

MCIS LIFE; Selangor; On-site; MYR 100,000 - 150,000; Full time

Job summary

A leading insurance company in Malaysia is seeking an Operational Risk Executive with 3-5 years of experience in operational risk management. The ideal candidate will develop and implement risk management policies while ensuring compliance with regulatory standards. This role offers an opportunity to impact lives through a commitment to financial security and a high-performance culture. Join a diverse and inclusive workplace that prioritizes growth and success for all employees.

Qualifications

• 3-5 years experience in operational risk management.
• Experience in the insurance industry is preferred.

Responsibilities

• Assist in developing and implementing risk management policies.
• Monitor and report operational risk incidents.
• Manage risk programs for compliance and standards.
• Conduct training for risk management system users.
• Validate Departmental Risk Register for all departments.

Skills

Analytical thinking

Problem solving

Collaboration with stakeholders

Education

Degree in Actuarial, Finance, or Risk Management

Job description

MCIS Life stays true to the essence of life and medical insurance; the idea that one person can make a difference in the lives of others. Our brand promise, #PeopleHelpingPeople, encapsulates that ethos. We cultivate trustworthy, caring, and respectful relationships with our customers. Motivated by their future security, we embrace a progressive mindset and innovative thinking. Through family‑minded insurance products, we forge a path toward a brighter tomorrow.

WHY JOIN US?

Step forward and take charge of your career!

Aside from being firm believers of helping people secure their financial future, we believe our people are our greatest assets. With #PeopleHelpingPeople as the core of our brand, we want to help our people by taking their needs into account as well.

MAIN RESPONSIBILITIES

• To assist in the development and implementation of the Operational Risk Management Policy and other risk management related policies and procedures such as ERM Policy and Plan, Outsourcing Policy and Business Continuity Management Policy.
• To investigate, monitor and report the operational risk incidents in accordance to regulatory and internal requirements.
• To manage the risk management programs to ensure a uniform process for identifying, assessing, and monitoring risks and controls are in compliance with regulatory requirements and risk management standards.
• To manage the risk management system i.e. Q‑Radar Corporate Risk Scorecard and periodically conduct refresher trainings to the users.
• To perform validation of Departmental Risk Register for all departments.
• To assist in the preparation and presentation of ERM Dashboard and other operational risk reports, monthly updates of operational risk incidents and key risk indicators (KRIs) where applicable to the Senior Management and the Board of Directors.
• To assist review all the relevant papers / documents with regard to new outsourcing and prepare and present list of all outsourced activities to the Senior Management and the Board of Directors.
• To manage the business continuity management programs for the Company in accordance to the regulatory requirements.
• To perform other risk management related tasks as and when required.

Job Requirement

• Degree in Actuarial, Finance, Risk Management.
• 3‑5 years in operational risk management.
• Insurance industry operational risk.
• Analytical thinking, collaborate with relevant stakeholders, problem solving.

Join MCIS Life: Make a Meaningful Impact

Join MCIS Life for a rewarding career where you can make a meaningful impact on the lives of others. We are seeking driven individuals who are eager to contribute to our high‑performance culture through our S.A.A.T. strategy, encapsulated in our motto: 'Every Second Unlocks a New You: Transforming Attitudes and Shaping the Right Mindset.'

At MCIS Life, we believe that our people are our greatest assets, and we are committed to fostering an inclusive environment that empowers you to grow and succeed. We prioritize creating a diverse, equitable, and inclusive workplace where every employee feels valued and respected, ensuring equal opportunities for professional growth and development. Diversity is celebrated as a source of strength and innovation, and we are dedicated to ongoing efforts to eliminate discrimination, bias, and harassment in all its forms.

If our mission and your mission are aligned, please apply: https://www.mcis.my/about-us/career

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Your application will include the following questions

• Which of the following statements best describes your right to work in Malaysia?
• What's your expected monthly basic salary?
• Which of the following types of qualifications do you have?
• How many years' experience do you have as an Operational Risk Executive?
• How many years' experience do you have as a Risk Management Executive?
• How many years' experience do you have in the insurance industry?
• How much notice are you required to give your current employer?