Job Openings Head, Risk & Compliance (Insurance)

About the job Head, Risk & Compliance (Insurance)

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Position Title

Head, Risk & Compliance (Insurance) – Open for Local and Expat

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Reporting TO

Chief Risk Officer

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Start Date

Candidates Availability

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About the Company

 

Began operations in January 2013. By providing customizable life insurance solutions to individuals and families, helps Cambodians protect and secure their financial futures.

 

Our values shape our approach to everything we do which are represented in both our business and people.

 

 

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Address

Phnom Penh, Cambodia

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Job Purpose

§  Accountability on periodic risk assessments / and response plans;

§  Accountability on internal monitoring and auditing;

§  Oversight on the detected offenses, developing corrective actions, and reporting findings to the management/regulator (if any).

 

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Key Responsibilities

RISK MANAGEMENT

§  Oversight on planning and implementation of PCA Risk Framework / local ERM requirements, including the Company Risk Framework approved by the Risk Committee and other responsibilities delegated by the Risk Committee;

§  Be responsible for formulation, communication and monitoring of the Company risk appetite and limits structures; including annual review of, and proposal to the Risk Committee the necessary adjustment to the risk appetite and risk limits;

§  Oversight on planning, formulation (or adjustment) and communication of the relevant Operational Risk Management process, ensuring the effectiveness of Operational Risk Management process;

§  Lead maintenance of the risk MI in the Group-wide ORM system (OpenPages);

§  Collates, monitors, challenges and assesses the completeness of risk information reported by risk coordinators/owners, and reports relevant risk management information according to the reporting requirements to the Risk Committee / local Board/ RHO Risk Function on a timely basis;

§  Ensures reportable issues are escalated to CEO/Risk Committee/Audit Committee/local Board/PCA on a timely basis;

§  Holds regular discussion forum with risk coordinators / risk owners to understand functional risk profile, and to ensure risk policies are effectively implemented by all functions across the Company.

§  Oversight planning and communication of the half-year/ annual Turnbull sign-off, and ensures completeness and effectiveness of the sign-off process.

 

COMPLIANCE

§  Provides advice and guidance, including training, on matters relating to compliance with relevant laws and regulations and Prudential standards;

§  Provides overall leadership for identifying, assessing and reporting on regulatory compliance risks and to maintain an individual and aggregated view of regulatory compliance risk exposures;

§  Lead conducts of compliance reviews and monitoring activities to assess the quality and adequacy of various compliance arrangements the business has established and implemented in order to comply with all applicable legal and regulatory requirements, including adherence to internal policies and procedures;

§  Fosters and maintains relationships with the regulators, as designated key individual, through continuous regulatory engagements;

§  Lead preparation and implementation of an annual risk-based compliance review plan which forms part of the Annual Compliance Plan that must be approved by the Audit Committee;

 

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Experience / Knowledge Required

§  University graduate or equivalent, majoring in Law, Economics, Business Administration, Accounting, or Finance.

§  At least 7 years of experience in risk, compliance, finance, auditing, distribution channel or equivalent.

§  Possesses a Research Skill, Reporting Research Results, Analyzing Information, Coordination, Administrative Writing Skills, Organizational Skills, Audit, and Statistical Analysis.

§  Has a strong ability to apply logical and critical thinking to resolve problems.

§  Propensity to plan strategically yet be able to adapt quickly to business context.

§  Strong numerical, written, and verbal communication skills;

§  Ability to build trust and rapport with all levels of the organization.

§  Excellent spoken and written English.

 

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Salary

$4000 - $6000 Gross

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Benefits

Monetary:

  • Lunch subsidy: 33USD/month
  • Yearly bonus: 2-3 times of basic salary per year
  • Seniority payment followed Cambodia Labor Laws

Non-monetary:

  • Life insurance
  • General insurance covers both staff & his/her spouse & children
  • Special price on life insurance product & company share
  • Emergency advance salary
  • Annual leave, sick leave, special leave, public holidays
  • Internal mobility where staff can move to other functions or move up
  • Online learning & development 

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Working Hours

Mon - Fri

 

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Interview Process

2-3 Rounds

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Recruiter Contact Details

Janel Turla

janel@top-recruitment.com

012 790143