Senior Risk Analyst

Senior Risk Analyst, AIG Malaysia

At AIG, we are reimagining the way we help customers to manage risk. Join us as a Senior Risk Analyst to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team.

Make your mark in Enterprise Risk Management

The Enterprise Risk Management (ERM) team partners across the AIG organization, facilitating rational risk-taking that drives profitable growth. ERM is responsible for ensuring that our organization has the right tools, processes, and systems in place to identify, measure and manage these risks. The team plays a critical role in strategic decisions about where to expand or contract businesses, where to invest to collect premiums that are enough to cover future claims, and how much capital we need to reserve to weather unexpected events. It also helps the enterprise to develop effective controls that support the successful execution of organizational strategy.

As an ERM colleague, you will shape and support how AIG manages its risks. Your knowledge about the company’s risks will shape the daily decision-making among AIG’s businesses and functions, while informing our clients and the markets that we serve. You will also have the opportunity to enhance your risk and business acumen as we continue to navigate an ever-changing risk environment.

ERM advocates a healthy risk culture, encouraging our diverse colleagues to speak up when we spot something that fosters risk so that we can address it effectively.

About the role

Key accountabilities will include (but are not limited to):

Malaysia:

• Assist in the maintenance of a robust risk management framework for AIG Malaysia that is in line with Group-wide ERM policies as well as local regulatory expectations.
• Contribute to the identification, measurement, management, monitoring and reporting of AIG Malaysia’s major risk categories.
• Work closely with all departments to identify, evaluate and monitor key and emerging risks that could impact AIG Malaysia’s business operations, and ensure that there are appropriate controls identified to manage these risks.
• Support the ongoing development of climate-related initiatives and more broadly as required, sustainability efforts, in accordance with local regulatory requirements and Group actions.
• Lead/roll out ERM-related training programs to foster and sustain an effective risk culture and awareness level within the organization.
• Facilitate sessions with various stakeholders to develop and refresh the Risk and Control Self Assessments (RCSA).
• Oversight of the operational risk event in term of collection, quality, review and reporting.
• Maintenance of the risk reporting database and systems to administer RCSA, control testing and loss events.
• Facilitate the preparation and collation of risk reports and Key Risk Indicators (KRIs) for the quarterly Senior Management’s Risk & Capital Committee meetings and for the Board Risk Management Committee meetings.
• Assist in producing the reports for the Senior Management’s Risk & Capital Committee and Board Risk Management Committee for reporting.
• Perform risk assessments for outsourcing arrangements, major initiatives, and business development.
• Support the roll out of any new GRC systems/solutions.
• Maintenance of the Risk Management Department’s records.

Vietnam, Indonesia and Philippines:

• Work closely with the local Compliance & Risk Officers in Vietnam, Indonesia and Philippines respectively to support the ERM deliverables in accordance with local regulatory expectations and AIG Group-wide ERM policies and framework.
• Support the local teams in the process of identification, measurement, management, monitoring and reporting of major risk categories in respective jurisdictions.
• Lead/ roll-out ERM-related trainings, working with the local teams, to foster closer engagements and build effective risk culture and awareness.

What we’re looking for:

• Bachelor’s Degree
• Experience in enterprise/operational risk management/ technology risk or audit is preferred (but not compulsory)
• Preferable background in the Insurance Industry or Financial Services Industry
• Familiar with Bank Negara Malaysia regulations for direct general insurers
• Good stakeholder management skills
• Excellent communication, presentation, and interpersonal skills
• Good team player with the attitude to excel
• Good analytical and writing skills (operational risk events, committee minutes etc.)
• Ability to manage multiple projects with good attention to detail
• Proficiency in Microsoft Excel, Word and PowerPoint is essential
• Willing and able to continuously learn, take ownership and adapt to a dynamic and fast changing environment.

#LI-SK1

At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

Enjoy benefits that take care of what matters

At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.

Reimagining insurance to make a bigger difference to the world

American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.

Welcome to a culture of inclusion

We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to [email protected].

Functional Area:

RK - Risk

AIG Malaysia Insurance Berhad