Job Description

FIND YOUR \'BETTER\' AT AIA

We don\xe2\x80\x99t simply believe in being \xe2\x80\x98The Best\xe2\x80\x99. We believe in better - because there\xe2\x80\x99s no limit to how far \xe2\x80\x98better\xe2\x80\x99 can take us.

We believe in empowering every one of our people to find their \'better\' - in the work they do, the career they build, the life they live and the difference they make. So that together we can support even more people - including our own - to live Healthier, Longer, Better Lives.

If you believe in better, we\xe2\x80\x99d love to hear from you.

WE ARE LOOKING FOR

The position is responsible for developing, recommending and implementing risk policies, controls and reporting in support of managing the enterprise risk for AIA General Berhad.

Roles and Responsibilities:

1. Implementation of Risk Management Framework, Policies, Procedures and system

Support coordinating in the implementation of risk management process throughout AIA General Berhad as required according to the approved risk methodologies.

Support rolling down the enterprise level Risk Management Framework / Policy and related risk policies from group as well as establishing relevant risk policies and procedures to meet local regulatory requirements. This includes review on a periodic basis to ensure continued relevance and appropriateness, as well as updating as necessary the relevant risk policies, incorporating feedback of Board and Management - this includes establishment of risk appetite, risk limits and review of the existing key risk indicators (KRI) and thresholds.

Collaborate closely with all business functions to ensure all elements of enterprise level risks are properly identified, assessed, mitigated, monitored and reported, as required. Thereafter to ensure that appropriate controls are in place and risks are managed within the approved risk appetite framework.

Ensure all incidents (including interpretation and roll down of relevant requirements) are captured and reported on a timely, accurate and complete basis to BNM, Group and/ or management, as well as to work with respective functions on root cause analysis with a view to prevent / reduce recurrence and/ or impact of any similar incidents.

Ensure all Key Risk Indicators (KRI) required for reporting to BNM are accurate and timely. Supporting HOD, to establish key risk metrics for monitoring as well as assessment of trends for any potential areas of concern. Such assessments should be tabled to the appropriate forums/ persons so that timely actions could be taken, noted and/ or key risks mitigated to the appropriate level.

2. Risk reporting related deliverables

Prepare / Complete all relevant materials on a timely basis highlighting key risks, mitigating controls and action owner for Management Committee, Group reporting, respective local Risk Management Committees, Board Risk Committees and/or Board.

Monitor and ensure the execution of relevant action plans which includes materials prior and post meeting, logistics, minutes and matters arising as directed by the respective local Risk Management Committees within agreed timeline and acceptable standard of quality.

Ensure all relevant documents/data are updated into the folders. Housekeeping to be carried out at least once every quarter.

Conduct regulatory as well as internal (local and Group) review and reporting, including but not limited to BNM ORION (KRI and loss incident reporting), outsourcing risk management programme, Product risk assessment, Business case, New projects, ensuring compliance to relevant policies and guidelines.

3. Embed integrated risk management

Create a positive risk based culture, where a robust risk assessment process is embedded that business units implement proactively and on an integrated basis.

Embed Integrated Risk Management, facilitating and enabling risk owners to discharge their duties.

Coordinate risk management education and awareness such as to educate all employees on risk management process and principles on a continuous and regular basis, where applicable.

Provide risk assessment support for strategic/ business initiatives and products as well as relevant project management, outsourcing arrangements and investments.

Conduct survey on ERM awareness, delivery, effectiveness and impact with a view to continue to support the ongoing growth of the organization in a sustainable and resilient manner.

Minimum Job Requirements:

Degree in related field including Risk Management, Accounting, Actuarial Science, Finance, IT or Business with 8-10 years relevant work experience in the financial industry handling risk management, actuarial, internal audit, compliance and/ or internal controls

In-depth understanding of the General Insurance business preferred

Be organized, detail-oriented and analytical

Good interpersonal and communication skills and self-motivated

Independent and be able to work under pressure

Possess leadership, coaching and influencing skills; business acumen; problem solving skills

High level of integrity and take ownership and accountability of results

Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.

You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.

AIA