Job Description

Location

Kuala Lumpur, Malaysia

Job type

Full-Time

Work mode

On-site

Job level

Internship & Working Student

Job ID

10738

Company

Munich Re

Employment type

Temporary

Area of expertise

Actuarial & Risk Management

Risk and Compliance Intern

Munich Re Retakaful is Munich Re Group's worldwide Retakaful operations business focusing on providing Islamic Retakaful solutions to our clients in Malaysia, Southeast Asia and the Middle East.
We are looking for an Actuarial / Law / Finance Intern to support our Risk and Compliance department. You will be reporting to the Chief Risk and Compliance officer, and you will also work with other associates within Munich Re Retakaful.

Your Job

Support Chief Risk and Compliance Officer in matters relating to the needs of business functions; Review and/or enhance the Shariah Risk and Compliance Management related guidelines, procedures, policy and framework. This includes ensure timeliness and accuracy in highlighting issues on Shariah Risk matters as well as providing Advisory support to business/support functions on matters relating to Shariah Risk; Regarding Risk Management function, it means identification, assessment, monitoring and reporting of key exposures and risks, and the management of these key risks. Ensure an understanding of key risks and exposures at Munich Re Retakaful, management and facilitate responsible and effective risk-taking in line with risk appetite and limits. Monitor emerging risks from changes in political and economic conditions, laws and regulations; Oversee/manage information security risk and controls at Munich Re Retakaful; Fulfilling BNM risk management requirements including the Internal Capital Adequacy Assessment Process, and ORION reporting, to name a few; For the Compliance function, it requires creating a compliance culture & compliance training, monitoring legal changes, performing compliance risk management, carrying out compliance monitoring & reporting, providing advisory to the business and maintaining work documentation. Responsible for investigations into incidents of violation of law and internal policies; Maintain and implement risk management and compliance policies & programmes, including programmes related to credit management, cyber security, anti-money laundering & counter financing of terrorism, data protection, anti-money laundering, outsourcing, business continuity, anti-corruption, to name a few; and Coordinating requests and responses to and from regulators.

Your Profile

University Degree in Actuarial Science, Mathematics, Data Science, Risk Management and other related field. Fluent in spoken and written English, and sound writing and presentation skills. Well-developed time management skills, ability to work independently while supporting teamwork and a keen attitude to learn. Basic knowledge of Takaful business model is advantageous. The role will be based in Kuala Lumpur.

Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary
We provide fair and competitive compensation that reflects your performance and commitment.
Company performance-based Incentives
In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.
Recognition and Special Rewards
We recognise outstanding individual contributions through a variety of targeted rewards and incentives.
Retirement Planning
We support your long-term financial wellbeing with retirement solutions aligned with local regulations.
Inclusive Workplace Culture
We foster a respectful, inclusive, and values-driven environment.
Learning & Development
We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.
Work-Life-Balance
Supporting your ability to balance family, leisure, and your career.
Health & Wellbeing
We support your physical and mental health through a range of programs and activities in each location.