Risk Management Specialist
4 weeks ago
About FWD Life Insurance Corporation
FWD Life Insurance Corporation is a leading pan-Asian life insurance business with a strong presence in 10 markets. As a Manager of Operation Risk in Life Operations, you will play a critical role in ensuring the organization's adherence to regulatory requirements and internal policies.
The Job
- Act as the subject matter expert of Life Operations for regulatory matters, focusing on non-AML related items such as fraud, guidelines issued by Insurance Authority, VHIS, BCP, etc.
- Collaborate closely with various parties, including Internal Audit, Risk, Legal, Compliance, IT, BAU teams, regulators, and vendors to ensure effective risk management.
- Review business and operational processes to ensure control measures are in place with acceptable quality.
- Drive corrective actions and ensure proper implementation with ongoing monitoring.
- Work closely with stakeholders to ensure internal systems, procedures, and workflows align with company policies and regulatory requirements.
- Prepare and/or review user requirements and procedures for regulatory enhancements in Life Operations processes and systems.
- Liaise with various parties to seek endorsement for updated procedure manuals of Life Operations.
- Coordinate and support internal and external audits, compliance reviews, and risk assessments for Life Operations.
- Undertake consistent liaison and collaboration with Internal Audit, Risk, Compliance, and external audits.
- Prepare regular and ad-hoc reports highlighting key risk exposures, trends, and emerging issues for senior management.
- Handle ad-hoc projects as assigned.
The Person
- Degree holder or above.
- Minimum 8 years' experience in life insurance sector, preferably in Life Operations or Compliance.
- Deep understanding of regulatory requirements, especially on the operational perspective.
- Strong ownership, self-motivated, and independent to drive changes.
- Analytical and critical thinking with solution-driven mindset.
- Confident in dealing with various stakeholders independently, including senior management.
- Good command of both spoken and written Chinese & English.
We offer a competitive package to the right candidate, including 5-day work, 20-22 days annual leaves, excellent learning & development opportunities, and a supportive work environment.
Information collected will be treated in strict confidence and used solely for recruitment purposes.
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