Senior Specialist, Enterprise Risk Management

Axiata Group Berhad; Kuala Lumpur; On-site; MYR 60,000 - 90,000; Full time

Job summary

A leading company in Malaysia is seeking a Senior Specialist in Enterprise Risk Management to develop and implement risk management frameworks. The role involves collaborating with senior leadership and stakeholders, ensuring effective risk management, and fostering a proactive risk culture across the organization. Candidates should possess strong analytical and communication skills, with experience in a fast-paced environment being advantageous.

Qualifications

• Experience in a diverse, fast-paced environment preferred.
• Excellent communication of complex information across audiences.
• Ability to work independently and as a team.

Responsibilities

• Drive the development and implementation of Enterprise Risk Management strategies.
• Collaborate with multiple departments and stakeholders effectively.
• Lead projects to enhance overall Group-wide risk management capabilities.

Skills

Analytical Skills

Problem-Solving

Decision-Making

Strategic Partnership

Communication Skills

Negotiation Skills

Organizational Skills

Interpersonal Skills

Proactive Approach

Tools

Microsoft Office Suite

Risk Management Tools

Job description

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Location:

Level 19, Axiata Tower (AXIATA, MY

Posting Country: Malaysia

Country: MY

Division: Group Risk & Compliance (GRC00000)

Department: GRC-GCRCO Office (GRC01000)

Job context
Drive the development and implementation of Enterprise Risk Management, BCM, Crisis Management, Group Insurance and SORMIC framework and processes to embed risk management requirements into business processes ensuring timely escalation and risk-based reporting to facilitate the monitoring and managing of such risk.

Scope & authority
This role will require regularly collaborating with multiple departments and stakeholders, including the OpCo Head of ERM, the Group Senior Leadership Team (SLT) and the Group Board Risk & Compliance Committee (BRCC). You will have the authority to develop, implement, and maintain risk management strategies and initiatives and make recommendations to improve the company's overall risk management.

Additionally, you will be required to drive and support annual ERM Business Planning (BP) and Long Range Planning (LRP) and independently lead projects/initiatives to enhance overall Group-wide risk management capabilities.

Main Responsibilities

ERM/BCM

Support the Head of ERM in providing strategic direction, coordinating and driving a strong strategic approach to risk management by ensuring the alignment between the risk objectives and the business strategies of the Group.

Build and lead the BCM and Crisis Management department across the Group and increase overall maturity and OpCo resilience.

Provide subject matter expertise on BCM, and Crisis Management and advise the business response, management and mitigation of material risk exposures and red flags.

Enable world-class risk management through embedding a positive culture of confident and informed risk-taking through continuous engagement, training, communication, and promotion of the risk framework.

Shape, build and drive high-quality risk management processes and frameworks across the organisation and create insightful and actionable reporting and feedback to the various risk officers.

Build trusting relationships with all stakeholders (Board Risk & Compliance Committee, SLT, OpCo Risk Officers, regulators, analysts, and industry bodies) by being a values-driven leader and strategic business partner.

Maintain an open and constructive relationship as a Trusted Advisor with senior internal and external stakeholders, including External Audit and Business Executives.

Facilitate the risk management process for projects such as M&A, ABAC, ESG, TCFD, and other projects as instructed by the management. Then, work with the project team to put in place the necessary safeguards and protection to cover risks that have been identified.

Report on the overall effectiveness of the governance, risk and internal control framework of the Group

Implement a robust process to follow up management's agreed actions to address issues raised by BRCC, Internal and External Audit.

Managing SORMIC & Group Insurance

Develop and maintain the Statement of Risk Management (SORMIC) in line with Axiata framework and regulatory requirements.

Ensure that all risks are identified, assessed, and managed effectively, including the development and execution of risk mitigation plans.

Communicate the SORMIC to relevant stakeholders, including the Board Risk & Compliance (BRCC), senior management, and other relevant parties.

Drive strategic approach to SORMIC and Group Insurance process and ensure annual reviews are completed efficiently.

Develop, implement, and maintain the company's group insurance program, ensuring adequate coverage and cost-effectiveness.

Collaborate with insurance brokers and underwriters to negotiate policy terms, premiums, and claims.

Monitor the performance of insurance providers, ensuring they meet the company's expectations and standards.

Partner with Group Procurement to appoint and manage the insurance broker

Lead the engagement with relevant BU and Opcos to gather pre-insurance data gathering across the Group.

Work with relevant BU and Opcos for the end-to-end process for Insurance Management.

Support to the RCMC & BRCC

Support the Risk & Compliance Management Committee (RCMC) and the Board Risk & Compliance Committee (BRCC), ensuring efficient and effective committee operations.

Assist with developing and maintaining RCMC & BRCC documentation, including agendas, minutes, and action items.

Coordinate and facilitate RCM & BRCC meetings, ensuring timely follow-up on action items and ongoing communication with committee members.

Manage central depository of the papers & final check for quality assurance.

Post committee meeting, prepare the committee report to the Board.

Drive digitation of the risk management process to enable the move from quarterly risk reporting to identifying, reporting, and managing risk on a real-time basis across the Group.

Develop visualisation and dashboard using Power BI or other digital technologies.

Automate repeatable processes to enhance overall risk maturity and increase productivity and effectiveness.

Key Result Area

To embed ERM, BCM, Crisis Management and SORMIC framework and mitigation strategies.

Lead in a “Collective Brain” approach to ensure smarter and effective collaboration.

Drive a progressive Risk culture that enables and supports overall Axiata's Winning culture.

To ensure Axiata Group & OpCos have cost-effective and comprehensive group insurance coverage.

Efficient and productive RCMC & BRCC meetings.

Job Requirement

Exposure to working in a diverse, fast-paced environment and international exposure will be advantageous.

Strong analytical, problem-solving, and decision-making skills.

Strong strategic partnership, advisory, planning and organisational skills.

Excellent influencing, negotiation, and interpersonal skills, with the ability to effectively communicate complex information to various audiences.

Ability to work both independently and as part of a team.

Proactive and results-oriented approach to work.

Proficient in Microsoft Office Suite, including Excel, Word, and PowerPoint.

Knowledge of risk management tools and software is advantageous.

Role in organisation
The Senior Specialist Enterprise Risk Management will report to the Group Head of Enterprise Risk Management and work closely with the Cyber Security, Data Privacy, Compliance/Ethics & Integrity team leadership.