Executive, Operational and Shariah Risk

Company: Takaful Ikhlas Family Berhad

JOB PURPOSE

• This role is responsible to support in the assessment and identification of risks that could impact the financial and operational success of the Company. Primarily focus on performing evaluation on the risk-return implications, threats and opportunities and potential trade-offs, specifically with regards to the Company’s operational management and Shariah governance. Support the Risk Management Department in ensuring that risks are identified, assessed, managed /mitigated, monitored and reported timely.

JOB RESPONSIBILITIES

• Support in the development, implementation, and monitoring a strategic, comprehensive Entity’s operational and Shariah risk management program.
• Assess the Entity risk profile and provide risk insights to the supervisor, Head of Risk Management, and GCRO.
• Support continuous enhancement to the Group / Entity Risk Management related Framework to ensure alignment with the latest regulatory requirement and business direction.
• Proactively engage with business units to facilitate risk review / assessment and work with the supervisor to provide advisory and recommendation for process improvement / mitigation options on risks associated with new products, partnership and business arrangements, projects, initiatives, and regulatory changes.
• Work with the team to develop risk analysis to identify and assess risk indicators to monitor the risks the Entity is exposed or potential exposed to
• Support in the calibration of key risk metrics with business units to manage portfolios across asset classes and business lines
• Participate in the preparation of risk management reports on operational and Shariah risk such as Risk Management report.
• Follow up with business units on the approved mitigation / improvement plan arising from risk assessment and perform validation.
• Support the risk units on Group / Entity Priority Risk Workshop and eRM training.
• Support in strategizing, designing and providing guidance on all BCM activities in accordance with the BCM lifecycle and provide advisory on matters relating to BCME
• Execute the Group / Entity Risk Management annual plan
• Partner with business units across the Group / Entity to raise awareness of risk management concerns.
• Support and participate in the integration of ESG risk into risk management
• Support and participate in Group Risk Management as well as group wide initiatives, projects and programs
• Support the supervisor in driving Group / Entity risk management strategies and operations

QUALIFICATION EXPERIENCE

Academic

• Bachelor’s degree in Insurance, Risk Management, Islamic Finance, Actuarial Science, Mathematics, Statistics, or related discipline

Professional

• Enterprise Risk Management certification; and / or Operational Risk Management certification; and / or Shariah Risk Management certification
• Business Continuity Management certification
• Business process improvement certification
• Project management related certification

Experience

• Experience in enterprise, operational and shariah risk management
• <=5 years of working experience in insurance and takaful