Shariah Risk Analyst

Zurich Life Insurance Malaysia Berhad; Kuala Lumpur; On-site; MYR 90,000 - 140,000; Full time

Benefits offered by this job

Miscellaneous allowance

Monthly Incentive

Free Overseas Convention

Job summary

Zurich Life Insurance Malaysia Berhad seeks a Shariah Risk Analyst to support the SRM framework across the Takaful business. You will identify, assess, monitor, and report SNC risks while promoting a strong risk culture and ensuring compliance with regulatory and Shariah governance requirements.

The role collaborates with business units to strengthen risk awareness and drive effective SNC controls, with periodic reporting to senior committees. Location: Kuala Lumpur, Malaysia. Full-time position.

Qualifications

• Bachelor's degree in Shariah or Islamic finance required.
• Relevant professional certification is a plus.
• Experience with risk management and regulatory expectations is preferred.

Responsibilities

• Identify, assess, monitor and report Shariah Non-Compliance (SNC) risks.
• Develop and review Shariah Risk Management policies for Takaful operations.
• Collaborate with business units to identify SNC risks and implement controls.
• Monitor SNC incidents and validate corrective actions with records kept.
• Prepare SNC risk reporting for Management, Shariah Committees and Board Committees.

Skills

Shariah risk

Regulatory compliance

Stakeholder沟通

Education

Bachelor's Degree in Shariah

Professional Certification in Islamic Finance

Job description

We are seeking a Shariah Risk Analyst to support the Risk Management function in maintaining an effective and robust Shariah Risk Management framework across the Takaful business. The role is responsible for identifying, assessing, monitoring, and reporting Shariah Non-Compliance (SNC) risks, while promoting a strong risk culture and ensuring compliance with regulatory and Shariah governance requirements.

Key Responsibilities

• Support the implementation and continuous enhancement of the Shariah Risk Management (SRM) framework across the organization.
• Develop, review, and maintain Shariah Risk Management policies and procedures for Takaful business operations.
• Collaborate with business and support functions to proactively identify, assess, monitor, and mitigate Shariah Non-Compliance (SNC) risks.
• Review and assess new products, business initiatives, processes, and system enhancements to identify potential SNC risks and recommend appropriate controls.
• Monitor SNC incidents and events, validate corrective actions, and maintain accurate records and reporting.
• Assist in assessing the financial and operational impact of SNC events, including income de-recognition arising from non-compliant activities.
• Prepare and support periodic SNC risk reporting to Management, Shariah Committees, and Board Committees.

Risk Governance & Advisory

• Partner with business stakeholders to strengthen risk awareness and embed effective Shariah risk management practices.
• Support the promotion and implementation of the Group Risk Management Framework within the organization.
  Provide risk analysis, review, and challenge to business units on matters relating to Shariah risk and regulatory compliance.

Qualifications

• Bachelor's Degree or Professional Certification in Shariah, Islamic Finance, or related field.
• Additional training or certifications in Enterprise Risk Management, Governance, Risk, or Compliance disciplines.

You are the heart & soul of Zurich!

At Zurich, we like to think outside the box and challenge the status quo. We take an optimistic approach by focusing on the positives and constantly asking What can go right?

We highly value the experience and know-how of our employees and offer a wide range of opportunities across business areas to encourage you to apply for new opportunities within Zurich when you are ready for your next career step.

Let’s continue to grow together!

Location(s): MY - Kuala Lumpur
Schedule: Full Time

Perks and benefits

• Miscellaneous allowance Monthly Incentive, Free Oversea Convention

Zurich is one of the world's leading insurance group, and one of the few to operate on a truly global basis. Founded 140 years ago, today we employ over 60,000 dedicated employees and serve customers in over 170 countries around the world; with strong positions in North America and Europe, and growing positions in the Middle East, Latin America, and Asia-Pacific.

Founded in Switzerland in 1872, the Zurich Insurance Group ("Zurich") is one of the world’s leading insurance groups, and one of the few to operate on a truly global basis.

Zurich is one of the world's leading insurance group, and one of the few to operate on a truly global basis. Founded 140 years ago, today we employ over 60,000 dedicated employees and serve customers in over 170 countries around the world; with strong positions in North America and Europe, and growing positions in the Middle East, Latin America, and Asia-Pacific.

Founded in Switzerland in 1872, the Zurich Insurance Group ("Zurich") is one of the world’s leading insurance groups, and one of the few to operate on a truly global basis.