Senior Executive/Executive, ERM (Enterprise Risk Mgmt)

MS First Capital Insurance Limited; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

MS First Capital Insurance Limited is seeking professionals to support its Enterprise Risk Management (ERM) function. This role involves ensuring regulatory compliance, enhancing risk management processes, and supporting internal stakeholders. Candidates are expected to have a degree in Accounting or Finance, with significant experience in ERM, ideally within the non-life re/insurance sector.

Benefits

Comprehensive professional training

Sponsorship of professional qualifications

Friendly and collaborative culture

Competitive compensation package

Qualifications

• At least 3 years of working experience in ERM function.
• Good knowledge of MAS regulatory environment and risk management practices.
• Prior ERM experience in non-life re/insurance organizations is advantageous.

Responsibilities

• Support the implementation of MAS Guidelines on ERM and ensure compliance.
• Assist in regulatory returns and stakeholder support.
• Drive continuous improvements in ERM processes and enhance efficiency.

Skills

Risk management

Data analytics

Stakeholder engagement

Education

Degree in Accounting/Finance/Business

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

• Support the implementation of MAS Guidelines on Enterprise Risk Management (ERM), ensuring compliance with regulatory expectations and standards

• Help ensure compliance with all PRGs relevant to the ERM function

• Assist in the timely filing and accuracy of regulatory returns, as well as responding to regulator queries, consultations, and surveys

• Provide support in delivering ERM services to internal stakeholders, ensuring alignment with company standards and regulatory requirements

• Drive continuous improvements in ERM processes to enhance departmental efficiency

• Conduct assessments, due diligence, and reviews of outsourcing contracts in collaboration with internal stakeholders

• Contribute to the enhancement of system capabilities for risk management

• Support the overall management of the Own Risk and Solvency Assessment (ORSA) process in accordance with regulations

• Assist in maintaining and testing the Business Continuity Plan (BCP), including IT Disaster Recovery protocols

• Foster a strong risk-aware culture across the organization through training programs and awareness initiatives

Requirements

• Degree in Accounting/Finance/Business related disciplines, with at least 3 years of working experience in the ERM function

• Prior ERM experience in non-life re/insurance organisations, and a good understanding of the MAS regulatory environment will be advantageous

• 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 but not critical

• Actual job title will commensurate with the candidate's experience level

• Good knowledge of risk management and internal control concepts, leading risk management practices and standards

• Ideally has supported the establishment of ERM frameworks and related policies, processes and guidelines

• Strong understanding of risk management concepts, operational risk controls, and vendor/outsourcing management practices

• Excellent interpersonal skills for stakeholder engagement and collaboration across departments

• Experienced in using data analytics tools to support the Company’s ERM strategy

• Ability to work in a fast-paced, high-regulatory environment with evolving risk requirements

We regret that only shortlisted candidates will be contacted