Risk and Compliance Analyst
6 months ago
Risk and Compliance Analyst
Risk and Compliance Analyst (Contract)
- Munich Re Retakaful
**Company**
Munich Re
**Location**
Kuala Lumpur, Malaysia
Reporting to Chief Risk and Compliance Officer of Munich Re Retakaful, you are responsible to provide an effective key second line of defence role for Munich Re Retakaful operations both from a Bank Negara Malaysia (BNM) regulatory perspective but also in relation to Munich Re’s internal corporate governance, risk management and compliance standards.
This position works closely with other internal stakeholders within Munich Re Retakaful and the wider region. This position requires cooperation and collaboration with others to achieve its objectives. He / She should be one who is adaptable, proactive, works independently, able to prioritize and consistently exercise responsibilities and ownerships in compliance matters, risk reviews and research work.
**Your **Job**
- Support the Chief Risk and Compliance Officer in matters relating the needs of business function, the second line function as well as management of stakeholders;
- Implement the Munich Re Group Risk Management Framework and the Munich Re Group Compliance Management System requirements at Munich Re Retakaful;
- Develop, review and/or enhance the Shariah Risk and Compliance Management related guideline, procedures, policy and framework. This include ensure timeliness and accuracy in highlighting issue on Shariah Risk matter as well as providing Advisory support to business/support function on matters relating to Shariah Risk;
- In terms of Risk Management function, it means identification, assessment, monitoring and reporting of key exposures and risks, and the management of these key risks. Ensure an understanding of key risks and exposures at Munich Re Retakaful, management and facilitate responsible and effective risk-taking in line with risk appetite and limits. Monitor emerging risks from changes in political and economic conditions, laws and regulations;
- Oversee/manage information security risk and controls at Munich Re Retakaful;
- Fulfilling BNM risk management requirements including the Internal Capital Adequacy Assessment Process, ORION reporting, to name a few;
- For the Compliance function, it entails creating a compliance culture & compliance training, monitoring of legal changes, performing compliance risk management, carrying out compliance monitoring & reporting, providing advisory to the business and maintaining work documentation. Responsible for investigations into incidents of violation of law and internal policies;
- Manage/maintain/implement risk management and compliance policies & programmes, including programmes related to credit management, cyber security, anti-money laundering & counter financing of terrorism, data protection, anti-money laundering, outsourcing, business continuity, anti
- corruption, to name a few; and
- Coordinating requests and responses to and from regulators.
**Your**
**Profile**
- Graduate with compliance/risk management / actuarial / insurance qualifications e.g. ICA, CMIRM, FIFA, FSA, LOMA, AMII, FLMI, BRM, or equivalent;
- Certificate in Muamalat / Islamic Finance or any other Shariah-related qualification (e.g by IBFIM or IIUM) would be a strong advantage;
- Knowledge of Takaful business model is advantageous;
- Possessed fundamental Shariah Knowledge / Shariah principles;
- Proficient in Microsoft Word, Excel and PowerPoint (essential);
- Fluent in spoken and written English, including the ability to articulate and sound writing and presentation skills;
- Behaviors - curiosity, adaptability, willingness to perform independent research, ability to formulate/articulate/maintain an unpopular viewpoint where supported by the facts, able to exercise independent judgment but recognize and be transparent about such exercises of judgement; and
- The role will be based in Kuala Lumpur.
- At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the centre of this interaction is each of us._
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