Financial Risk Manager

Jakarta
Permanent
Full-time

2 months ago

About FWD GroupFWD Group is a pan-Asian life and health insurance business that serves approximately 30 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and digitally enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance.For more information, please visitPT FWD Insurance Indonesia (“FWD Insurance”), a joint-venture insurance company and a part of FWD Group, previously known as PT Commonwealth Life, has successfully merged with PT FWD Life Indonesia (“FWD Life”) as of 1 December 2020 and will be known as FWD Insurance.The merger of FWD Life and FWD Insurance has led to a more comprehensive range of products, including unit-linked insurance, individual & group term life insurance, individual & group personal accident insurance, and group medical insurance through technology driven-distributions such as agency, bancassurance, e-commerce, and corporate.FWD Insurance is registered and supervised under Otoritas Jasa Keuangan (“OJK”).FWD Insurance is a member of Indonesia Financial Services Alternative Dispute Resolution Center.FRM is responsible for implementing and maintaining the FRM program framework at FWDII to align with the Enterprise Risk Management Framework (ERMF), Risk Appetite Framework (RAF), Enterprise Risk Management Policy (ERMP) & compliance with all regulations, including supporting the establishment of strong Risk Culture.This position accountable for:

Assist the Head of Risk in updating and monitoring the Risk Management policies/procedures to ensure Indonesia operates within the ERMF, RAF and ERMP
To assist in the execution of the Risk Management Framework, including conducting & facilitating the Risk and Control Assessment, providing “challenge” to the business units to identify control gaps and create action plans to remediate the gaps. Focusing on Financial Risk Management.
To implement Risk Culture Working Plan that consist of activities to enhance the employee awareness regarding ERMF, RAF, ERMP, Risk in accordance with the Risk Annual Plan and RCKPI (Risk & Compliance Key Performance Indicators)
To provide solution-oriented advice to all channels/departments related to Risk Management matters in reasonable timeframe and accepted by relevant parties such as reviewing Product Approval Report.
To provide reports required by local management and group office based on demand & timely manner such as Financial Risk Reports.
To support company initiatives in facilitating risk assessment for the initiatives/projects in order to avoid/mitigate the negative impact to the Company.
To complete and monitor Key Control Self Assessment (KCSA) determined by Group / Local Management or based on risks approach.
To complete and monitor the annual risk register process review and risk assessment business plan
Monitor the outstanding audit issues and ensure that the outstanding issues are closed by the business units timely.
Maintain good working relationships with the business units.
Develop and conduct trainings to the business units to increase their awareness on financial risks management

FWD Group

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