Senior Executive, ERM (Enterprise Risk Management)

MS First Capital Insurance Limited; Singapore; On-site; SGD 50,000 - 90,000; Full time

Job summary

An established industry player in the non-life reinsurance sector is seeking talented individuals to join their team. This role offers a unique opportunity to engage in Enterprise Risk Management, ensuring compliance with regulatory standards while fostering a risk-aware culture. The company emphasizes professional development through comprehensive training and sponsorship of qualifications, creating a collaborative environment where your contributions will directly impact the organization's success. If you're passionate about risk management and eager to grow in a dynamic financial services landscape, this is the perfect opportunity for you.

Benefits

Professional training

Sponsorship of professional qualifications

Friendly and collaborative culture

Competitive compensation package

Qualifications

• At least 3 years of experience in the ERM function is required.
• Professional certifications in risk management are preferred.

Responsibilities

• Support implementation of MAS Guidelines on ERM and ensure compliance.
• Drive improvements in ERM processes for better efficiency.

Skills

Enterprise Risk Management (ERM)

Regulatory Compliance

Data Analytics

Stakeholder Engagement

Interpersonal Skills

Education

Degree in Accounting

Degree in Finance

Degree in Business

Tools

Risk Management Software

Data Analytics Tools

Job description

This is a perfect gateway into the highly niche sector of non-life reinsurance, part of Singapore's bustling financial services sector. As a wholly-owned entity of the world-renowned Mitsui Sumitomo Insurance (MSI) Group, we are dedicated to developing young talents for our sector.

As a member of our young talent pool, you can look forward to comprehensive professional training, sponsorship of professional qualifications, a friendly and collaborative culture and a competitive compensation package.

Responsibilities

1. Support the implementation of MAS Guidelines on Enterprise Risk Management (ERM), ensuring compliance with regulatory expectations and standards
2. Help ensure compliance with all PRGs relevant to the ERM function
3. Assist in the timely filing and accuracy of regulatory returns, as well as responding to regulator queries, consultations, and surveys
4. Provide support in delivering ERM services to internal stakeholders, ensuring alignment with company standards and regulatory requirements
5. Drive continuous improvements in ERM processes to enhance departmental efficiency
6. Conduct assessments, due diligence, and reviews of outsourcing contracts in collaboration with internal stakeholders
7. Contribute to the enhancement of system capabilities for risk management
8. Support the overall management of the Own Risk and Solvency Assessment (ORSA) process in accordance with regulations
9. Assist in maintaining and testing the Business Continuity Plan (BCP), including IT Disaster Recovery protocols
10. Foster a strong risk-aware culture across the organization through training programs and awareness initiatives

Requirements

1. Degree in Accounting, Finance or Business, with at least 3 years of working experience in the ERM function
2. Prior ERM experience in non-life re/insurance organisations, and a good understanding of the MAS regulatory environment will be advantageous
3. Professional certifications such as RIMS-Certified Risk Management Professional (RIMS-CRMP), Associate in Risk Management (ARM), Financial Risk Manager (FRM), Professional Risk Manager (PRM), Certified Internal Auditor (CIA) are preferred
4. Good knowledge of risk management and internal control concepts, leading risk management practices and standards
5. Ideally has supported the establishment of ERM frameworks and related policies, processes and guidelines
6. Strong understanding of risk management concepts, operational risk controls, and vendor/outsourcing management practices
7. Compensation will commensurate with the candidate's experience and seniority
8. Excellent interpersonal skills for stakeholder engagement and collaboration across departments
9. Experienced in using data analytics tools to support the Company’s ERM strategy
10. Ability to work in a fast-paced, high-regulatory environment with evolving risk requirements

We regret only shortlisted candidates will be contacted