Head of Risk

AIG

Head of Risk overseeing AIG Malaysia's risk management strategy and framework. Engaging with diverse teams across Malaysia, Vietnam, Indonesia, and the Philippines.

Posted 6/4/2026full-timeKuala Lumpur • 🇲🇾 MalaysiaLeadWebsite

About the role

Key responsibilities & impact

Responsible for the overall management and execution of the risk management strategy and activities.
Maintain an effective risk management framework to identify, assess, manage, monitor and report all material risks that AIG Malaysia is exposed to.
Adequate support of the Board of Directors and the CEO in meeting their responsibilities with respect to the protection of policyholders and the management of the risk profile of the company.
Facilitate quarterly management’s Risk and Capital Committee meetings.
Engagement with the regulator on a needs basis.
Maintenance of AIG Malaysia’s Risk Appetite Statement, KRIs, Internal Capital Adequacy Assessment process, top and emerging risks.
Oversight over the implementation of the Operational Risk Management (ORM) framework, including facilitating the Risk and Control Self-Assessment (RCSA) annual work plan, maintaining the Risk Event capture and reporting program, Key Risk Indicators, etc.
Strengthen the risk culture to underpin the effectiveness of the overall risk management framework.
Risk reviews of material outsourcing, major initiatives and business development (e.g. new products, business plan).
Timely escalation of any risk matters to Malaysia management, within the ERM function and to the Board as needed.
Participate in and contribute to APAC and Global ERM/ORM initiatives. (e.g. International Center of Correspondence, eGRC rollout for APAC, etc)
Designated Senior Officer accountable for overseeing the effective management of climate-related risks and ensuring climate deliverables are met, in accordance to BNM expectations.
Provide guidance and oversight for Vietnam, Indonesia and Philippines, working closely with the local resources, to strengthen the risk management framework.

Requirements

What you’ll need

Experience preferably in broad scope of Risk Management; or experience in general insurance industry operations;
Minimum Bachelor’s degree.
Partially or fully qualified in Actuarial, ERM, CFA or other related profession is an added advantage;
Excellent communication skills in both oral and written English;
Self-motivated and can drive initiatives independently;
Have flexibility to work in a dynamic, multinational and challenging environment.

Benefits

Comp & perks

Health insurance
401(k) matching
Flexible working hours
Paid time off
Professional development opportunities

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

risk managementoperational risk managementrisk assessmentrisk monitoringrisk reportingrisk appetite statementkey risk indicatorsrisk control self-assessmentclimate-related risk managementcapital adequacy assessment

Soft Skills

communication skillsself-motivatedinitiative drivingflexibilitycollaborationleadershiporganizational skillsproblem-solvingadaptabilityengagement

Certifications

Bachelor's degreeActuarial qualificationERM certificationCFA certification