Senior Executive, ERM (Enterprise Risk Management) - Geylang
MS First Capital Insurance Limited Geylang Full-time
This is a perfect gateway into the highly niche sector of non-life reinsurance, part of Singapore's bustling financial services sector. As a wholly-owned entity of the world-renowned Mitsui Sumitomo Insurance (MSI) Group, we are dedicated to developing young talents for our sector.
As a member of our young talent pool, you can look forward to comprehensive professional training, sponsorship of professional qualifications, a friendly and collaborative culture and a competitive compensation package.
Responsibilities- Support the implementation of MAS Guidelines on Enterprise Risk Management (ERM), ensuring compliance with regulatory expectations and standards
- Help ensure compliance with all PRGs relevant to the ERM function
- Assist in the timely filing and accuracy of regulatory returns, as well as responding to regulator queries, consultations, and surveys
- Provide support in delivering ERM services to internal stakeholders, ensuring alignment with company standards and regulatory requirements
- Drive continuous improvements in ERM processes to enhance departmental efficiency
- Conduct assessments, due diligence, and reviews of outsourcing contracts in collaboration with internal stakeholders
- Contribute to the enhancement of system capabilities for risk management
- Support the overall management of the Own Risk and Solvency Assessment (ORSA) process in accordance with regulations
- Assist in maintaining and testing the Business Continuity Plan (BCP), including IT Disaster Recovery protocols
- Foster a strong risk-aware culture across the organization through training programs and awareness initiatives
- Degree in Accounting, Finance or Business, with at least 3 years of working experience in the ERM function
- Prior ERM experience in non-life re/insurance organisations, and a good understanding of the MAS regulatory environment will be advantageous
- Professional certifications such as RIMS-Certified Risk Management Professional (RIMS-CRMP), Associate in Risk Management (ARM), Financial Risk Manager (FRM), Professional Risk Manager (PRM), Certified Internal Auditor (CIA) are preferred
- Good knowledge of risk management and internal control concepts, leading risk management practices and standards
- Ideally has supported the establishment of ERM frameworks and related policies, processes and guidelines
- Strong understanding of risk management concepts, operational risk controls, and vendor/outsourcing management practices
- Compensation will commensurate with the candidate's experience and seniority
- Excellent interpersonal skills for stakeholder engagement and collaboration across departments
- Experienced in using data analytics tools to support the Company’s ERM strategy
- Ability to work in a fast-paced, high-regulatory environment with evolving risk requirements
We regret only shortlisted candidates will be contacted
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package.
Responsibilities
• Support the implementation of MAS Guidelines on Enterprise Risk Management (ERM), ensuring compliance with regulatory expectations and standards
• Help ensure compliance with all PRGs relevant to the ERM function
• Assist...