Risk Manager, GrabInsure

Grab; Singapore; On-site; SGD 100,000 - 150,000; Full time

Job summary

Grab is seeking a Risk Management Leader to establish and oversee risk management functions for its new insurance sector. This critical role involves developing risk frameworks and ensuring compliance within a fast-growing team. Join us at Grab, the leading superapp in Southeast Asia, to contribute to innovative insurance solutions that protect millions.

Benefits

Term Life Insurance

Comprehensive Medical Insurance

Flexible Work Arrangements

Parental and Birthday Leave

Grabber Assistance Programme

Qualifications

• Minimum 7 to 10 years of experience in risk management or risk-related role.
• Experience in implementing ERM frameworks in a regulated environment.
• Familiarity with IFRS17 and insurance accounting standards.

Responsibilities

• Develop and enhance the ERM framework including risk assessment.
• Lead risk management function providing assessments and advice.
• Ensure compliance with regulatory requirements and company policies.

Skills

Risk Management

Analytical Skills

Problem Solving

Relationship Building

Education

Bachelor's degree in actuarial science, finance, economics, or risk management

Advanced degree or further qualifications such as actuarial fellowship or FRM or CERA

Job description

Company Description

About Grab and Our Workplace

Grab is Southeast Asia's leading superapp. From getting your favourite meals delivered to helping you manage your finances and getting around town hassle-free, we've got your back with everything. In Grab, purpose gives us joy and habits build excellence, while harnessing the power of Technology and AI to deliver the mission of driving Southeast Asia forward by economically empowering everyone, with heart, hunger, honour, and humility.

Job Description

Get to Know the Team

GrabInsure is part of Grab Financial Group, which includes GrabPay, GrabFinance, and Digital Banking businesses. GrabInsure’s mission is to design innovative insurance that enables millions of people in Southeast Asia to protect themselves and their families against life’s uncertainties. We have already launched several “first-of-their-kind” products including micro-health and Usage Based Auto Insurance.

As of 2025, GrabInsure has evolved from a distribution-focused insurtech to a full stack insurtech, obtaining its first insurance license in Singapore. The mission of the team remains the same - to create insurance solutions to protect our customers from life’s uncertainties.

Get to Know the Role

Reporting to the Head of GrabInsure and the Audit Committee, you will lead the set-up and ongoing activities of the Risk Management function for the new insurer. You will be based onsite at our Grab One North office, and you will start off as an individual contributor.

As one of the leaders of a fast-growing business line, you will take ownership of main responsibilities, and be involved in hands-on work.

The Critical Tasks You Will Perform

• Develop, implement, and enhance the ERM framework, including risk identification, assessment, measurement, monitoring, and handling management processes.
• Collaborate with the Board of Directors, Risk Management Committee (RMC), and Senior Management to integrate risk management into strategic planning processes for decision making.
• Lead the Risk Management function in providing regular risk assessments, identifying new risks, and advising on risk mitigation strategies.
• Oversee the implementation of risk management policies, procedures, and controls, ensuring they are understood and observed by all departments.
• Ensure compliance with regulatory requirements, industry standards, and the Grab Group's ERM framework.
• Contribute to ad-hoc projects and tasks, such as strategic reviews, business analysis, and regulatory reporting.

Qualifications

What Essential Skills You Will Need

• Minimum 7 to 10 years of experience in risk management or risk related role
• Experience implementing and managing ERM frameworks in a complex and regulated environment
• Familiarity with IFRS17 / insurance accounting standards and insurance capital standards. Insurance reporting or actuarial experience is required
• Strong analytical skills to problem solve, and develop risk management strategies and solutions.
• Skills in building and maintaining relationships, with the ability to influence and collaborate across all levels
• Bachelor's degree in a relevant field, such as actuarial science, finance, economics, or risk management; advanced degree or further qualifications such as an actuarial fellowship or FRM or CERA

Additional Information

Life at Grab

We care about your well-being at Grab, here are some of the global benefits we offer:

• We have your back with Term Life Insurance and comprehensive Medical Insurance.
• With GrabFlex, create a benefits package that suits your needs and aspirations.
• Celebrate moments that matter in life with loved ones through Parental and Birthday leave, and give back to your communities through Love-all-Serve-all (LASA) volunteering leave
• We have a confidential Grabber Assistance Programme to guide and uplift you and your loved ones through life's challenges.
• Balancing personal commitments and life's demands are made easier with our FlexWork arrangements such as differentiated hours

What We Stand For at Grab

We are committed to building an inclusive and equitable workplace that enables diverse Grabbers to grow and perform at their best. As an equal opportunity employer, we consider all candidates fairly and equally regardless of nationality, ethnicity, religion, age, gender identity, sexual orientation, family commitments, physical and mental impairments or disabilities, and other attributes that make them unique.