Risk Management Executive - Insurance Industry

Two95 International Inc.; Kuala Lumpur; On-site; MYR 70,000 - 90,000; Full time

Job summary

A prominent risk management firm in Kuala Lumpur is seeking a Senior Executive in Enterprise Risk Management. In this role, you will work closely with the Chief Risk Officer to identify and manage various risks, ensure business continuity, and support regulatory relationships. The ideal candidate should have a Bachelor's degree and 3-4 years of relevant experience, preferably in the Insurance sector, with strong problem-solving and communication skills.

Qualifications

• Degree in Accounting/Business/Finance/Internal Audit or related field.
• 3-4 years experience in Risk Management or Internal Audit, ideally in Insurance.
• Knowledge in Environmental, Social, and Governance (ESG) is desirable.

Responsibilities

• Identify and manage potential risks across the organization.
• Monitor risk management activities and implement action plans.
• Support execution of Risk Management Initiatives across various risks.

Skills

Problem solving

Communication

Interpersonal skills

MS Office proficiency

Education

Bachelor's degree in Accounting/Business/Finance/Internal Audit

Professional qualifications in Accounting/Risk Management/IT

Job description

Senior Executive, Enterprise Risk Management (ERM)

As a Senior Executive in Enterprise Risk Management (ERM), you will report directly to the Chief Risk Officer, playing a crucial role in identifying, assessing, and mitigating risks across various departments. You will collaborate with business units to manage risks effectively, execute risk management initiatives, and ensure business continuity through well-planned and timely actions.

Responsibilities

• Collaborate with departments and operating units to identify potential risks, offering timely recommendations and support to effectively manage those risks.
• Monitor and follow up on outstanding risk management matters, including semi-annual re-assessment submissions, implementation of action plans, and matters concerns raised during risk reviews.
• Execute the assigned Risk Management Initiatives covering Financial, Operational, and Technology Risks. This includes conducting Risk Assessments, Risk Monitoring, Business Continuity Management (BCM), Disaster Recovery Planning (DRP), among other tasks, ensuring thorough and timely completion of all assignments.
• Develop and prepare materials for briefing and training sessions to enhance awareness and understanding of enterprise risk management across the organization.
• Support the Chief Risk Officer in maintaining strong and effective working relationships with regulators, external auditors, senior management, and other key stakeholders.
• Experience or knowledge in Environmental, Social, and Governance (ESG) is a plus.

Requirements

• A Bachelor's degree or equivalent qualification in Accounting/ Business Administration/ Finance / Internal Audit or other relevant discipline
• Professional qualifications related to Accounting, Risk Management, Internal Control, IT (i.e. CISA, ISACA) will be added advantage.
• Minimum 3-4 years of experience in Risk Management or Internal Audit, preferably in Insurance industry.
• Proven ability identifying issues/defects and recommending solutions.
• Intermediate level skills working with the MS Office suite of tools and Microsoft excel.
• Strong problem solving, communication, writing and business presentation skills.
• Ability to multi-task.
• Strong team player with good interpersonal and relationship building skills.