Posted on: 15/2/2018

Job type: Permanent

Sector: Financial Services

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This is a sole contributor regional role based in Singapore within the insurance industry.

Main responsibilities

* Determine risk based on effectiveness of the controls and the Residual Risk.
* Communicate consolidated risk cartographies to the local, regional and group level
* Perform Level Two Controls reviews (Tests of Controls) on different processes of the entity. Object of controls may involve Commercial, Risk Underwriting, Information, Special Risks, Claims and Collection, Financial, IT Security, and Others.
* Produce local reports on the control tests to Group Risk Department.
* Present results, findings and action plan.
* Identify corrective measures and action plans and document agreed-upon remedial actions with management in the Risk software.
* Recording and reporting of incidents and loss events from local management team in the Risk software, as and when it happens.
* Perform Level One Controls monitoring and reviews on the effectiveness of the operational controls by the local management team.
* Draft internal communication concerning risk management issues and ensure distribution through appropriate internal channels.
* Provide the management and internal/external departments assistance on any risk related issues
* Collaborate with Second and Third lines of defense (Legal/Compliance/Audit) to identify critical information on emerging risks, potential risks, interactions and implement sound and effective solutions
* Contribute to the definition, implementation and communication concerning disaster recovery and business continuity planning (DRP & BCP).
* Collect, manage and validate data from different business areas and entities for periodic production and review of the Group Solvency II project deliverables (Pillars 1,2 and 3), as required.
* Assist in the development of Solvency II metrics
* Participate in the ORSA design (standard formula/internal model) and its application across the business.
* Generate ORSA report (risk profile and appetite, assessment of capital, stress and scenario testing, forward looking assessment).
* Manage and ensure departmental expenditure is within budget
* Train and coach team members
* Ensure compliance with the Group Risk, Company and external partners
* Support Company's Group Risk Management function in the Second Line of Defense in the Asia Pacific Region (APR), particularly in Singapore and South East Asian countries.
* Implement internal control reviews initiated by Group Risk Department.
* Perform risk assessments by defining, categorizing and identifying potential sources of risks by type and category, and related key controls.
* Make oral and written presentations to communicate results, findings and, where required, corrective measures or action plans.
* Monitor Level 1 Controls (L1C) and assist in the review and update of risk mappings on a regular basis from descriptions of the risks to related controls.
* Monitor Business Continuity Planning (BCP) in countries assigned in the APR.
* Contribute to the draft of risk management related policies


* At least 4 years of experience in Big 4, external/internal audit or internal control, preferably in insurance and/banking and financial institutions.
* University degree in Accounting and Finance, Business Administration or related disciplines.
* Previous exposures in insurance and financial institutions preferred.
* Ability to analyze, raise and articulate issues from risk and internal control
* Knowledge of Risk Control Self-Assessment (RCSA) and adept at ORSA reporting
* Familiar with risk management systems and programs

Interested candidates please apply through this link or send a copy of your updated CV to with subject "SG131486".

Hudson Global Resources (Singapore) Pte Ltd

EA Licence Number: 03C4590

Jeannie Tan Ying Bing

EA Personnel Registration ID: R1660951
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Apply for Risk Manager
Reference: SG131486

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