Head of Risk Malaysia and Thailand

About the role

The role of the Head of Risk is to maintain a robust risk management framework that is appropriate for the size, business mix and complexity of AIG Malaysia and Thailand, is in line with AIG policies and meets regulatory expectations.

Job Duties & Responsibilities

• Responsible for the overall management and execution of the risk management strategy and activities.
• Maintain an effective risk management framework to identify, assess, manage, monitor and report all material risks that AIG Malaysia is exposed to.
• Adequate support of the Board of Directors and the CEO in meeting their responsibilities with respect to the protection of policyholders and the management of the risk profile of the company.
• Facilitate quarterly management’s Risk and Capital Committee meetings.
• Engagement with the regulator on a needs basis.
• Maintenance of AIG Malaysia’s Risk Appetite Statement, KRIs, Internal Capital Adequacy Assessment process, top and emerging risks.
• Oversight over the implementation of the Operational Risk Management (ORM) framework, including facilitating the Risk and Control Self-Assessment (RCSA) annual work plan, maintaining the Risk Event capture and reporting program, Key Risk Indicators, etc.
• Strengthen the risk culture to underpin the effectiveness of the overall risk management framework.
• Risk reviews of material outsourcing, major initiatives and business development (e.g. new products, business plan).
• Timely escalation of any risk matters to Malaysia and Thailand management, within the ERM function and to the Board as needed.
• Participate in and contribute to APAC and Global ERM/ORM initiatives. (e.g. International Center of Correspondence, eGRC rollout for APAC, etc)
• Designated Senior Officer accountable for overseeing the effective management of climate-related risks and ensuring climate deliverables are met, in accordance to BNM expectations.
• Team talent development

Key Measuring Parameters

• Implementation of ERM initiatives in an effective and efficient way
• Support local management in the whole risk management process including but not limited to identification, assessment, monitoring, and mitigation etc. by using qualitative and quantitative tools

What we’re looking for:

• Experience preferably in broad scope of Risk Management; or experience in general insurance industry operations;
• Minimum Bachelor’s degree. Partially or fully qualified in Actuarial, ERM, CFA or other related profession is an added advantage;
• Excellent communication skills in both oral and written English;
• Self-motivated and can drive initiatives independently;
• Have flexibility to work in a dynamic, multinational and challenging environment.

Benefits that take care of what matters

At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.