This role will be responsible for the Risk Management Oversight of Singapore and South East Asia, and report to the Regional Head of Risk Management, Asia Pacific Region (APR).
- Identify strategic, credit, financial, operational and reinsurance risks to which Coface is exposed with a consistent approach to the overall business strategy and develop/ implement precautions and revise current guidelines.
- Support the business in the Second Line of Defense to ensure the effectiveness of Enterprise Risk Management (ERM) Framework
- Ensure the companies are compliance with the local risk regulations and internal rules
MAIN RESPONSIBILITIES:
- Ensure the Enterprise Risk Management (ERM) framework is efficient and compliant with the risk management framework set out by the regulators and internal rules.
- Update/ Review and disseminate the local risk policies and standards on a regular basis / when required.
- Review the Risk and Control Self Assessments (RCSA) program and conduct risk mapping. Track action plans and agreed control improvements.
- Oversee operational incidents to ensure that appropriate escalation takes place and mitigation are actioned
- Review and oversight the effectiveness of local Business Continuity Plan (BCP)
- Lead the Own Risk and Solvency Assessment (ORSA) process, review the quantitative solvency assessment provided by the Appointed Actuary with the internal stakeholders and prepare the regulatory ORSA submissions.
- Ensure quality and timely regulatory submission and internal risk reporting such as reporting to Risk Committee independently
- Other risk management activities and projects as and when required
EDUCATION:
- Bachelor’s Degree holder or above with major in Risk Management, Actuarial Science, Accounting and Finance, Business Administration, or related disciplines.
TECHNICAL EXPERIENCE / KNOWLEDGE:
- Sound knowledge in ORSA, MAS requirements on enterprise risk management framework
- Knowledge and experience in cybersecurity risks governance is a plus.
EXPERIENCE:
- 5+ years’ solid experience in Risk Management/ Compliance / Audit, or related diciplines
- Previous exposures in insurance industry are highly preferred
SKILLS REQUIRED:
- Strong analytical and communication skills
- Able to handle multi-tasks and manage to meet deadlines
- Hands-on experience on enterprise risk management tool
- Proficiency in MS applications
PERSONALITY TRAIT:
- Well organized and detail-oriented
- Good team player, able to establish and maintain effective working relationships with internal stakeholders
- Able to work independently and demonstrating strong self-motivation