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Jobs in Singapore   »   Jobs in Singapore   »   Chief Risk Officer
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Chief Risk Officer

Ms First Capital Insurance Limited

Ms First Capital Insurance Limited company logo

Job Requirements

  • ESSENTIAL - At least 8 years' experience as a CRO or Head of ERM in non-life insurance or reinsurance companies.
  • ESSENTIAL - Minimum 15 years' work experience with at least 10 years' recent experience in non-life insurance or reinsurance companies.
  • Expert Level knowledge/experience of handling all areas of risk for non-life insurance business including Insurance Risk, Reinsurance Risk, Operational Risk, Market Risk, Credit Risk, Liquidity Risk and Group (Contagion) Risk.
  • Expert Level knowledge of solvency and capital management for non-life insurance/reinsurance companies.
  • Expert Level knowledge/experience of Own Risk Solvency Assessments for non-life insurance/reinsurance companies.
  • Experience of making risk presentations to Board Risk Management Committee and/or Board of Directors.
  • Familiarity with Nat Cat Modelling and Accumulation Monitoring.
  • Familiarity with the latest trends in management of climate risk.
  • Graduate from a reputable institution.
  • Insurance/Risk Management qualification.


Job responsibilities

  • Ensuring delivery of risk & compliance services to internal stakeholders in line with the agreed standards.
  • Monitoring and reporting on risks and regulatory environment to assist the management in taking appropriate strategic decisions.
  • Leading and promoting a risk and compliance culture within the company.
  • Developing working relationships with external parties including Japan Internal Audit, external auditors and regulatory authorities.
  • Ensuring compliance with all Policies relevant to risk & compliance function.
  • Supporting HODs in conducting the required AML/CFT checks and implementation of sanctions.
  • Making continuous improvements to risk & compliance processes to enhance the overall efficiency of the department. Contributing to the enhancement of system capabilities.
  • Managing the Own Risk and Solvency Assessment (“ORSA”) process in accordance with the regulations.
  • Maintaining and testing of the Business Continuity Plan including IT Disaster Recovery.
  • Overseeing the implementation of Information Security policy.
  • Working with the HODs in conducting assessment, due diligence and review of outsourcing contracts.
  • Investigating instances of Fraud/ DUAs /Bribery and reporting as necessary.
  • Investigating/ Handling cases of Whistleblowing/ Complaint in accordance with the relevant regulations and internal Policies.
  • Managing the risk and compliance processes in accordance with the relevant regulations, internal policies, and Group guidelines.
  • Managing all MAS related matters, ensuring timely filing and accuracy of returns and response to queries, consultations, and surveys.
  • Managing the governance processes relating to the ERM Committee, Risk Management Committee and Board of Directors.
  • Making meaningful contribution to the deliberations in the committee(s) of which one is a member/invitee.
  • Reviewing and updating the risk appetite statement, risk register and all risk policies.
  • Ensuring proper documentation and reporting of controls in Internal Control over Financial Reporting (ICOFR).
  • Creating and managing a high-performance team where the team members display strong engagement and productivity.



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