As a Risk Management Executive/ Senior Executive, you will play a crucial role in identifying, evaluating, and managing risks associated with our life insurance business and will be responsible for developing and implementing risk management policies and procedures to minimize potential financial losses and protect our customers, employees, and stakeholders. Additionally, monitor Key Risk Indicators (KRIs), identify causes through communication with front-line departments based on the results, analyze the situation, consider countermeasures, and provide recommendations to management.

This position requires strong analytical and communication skills to ensure the company’s continued success and growth.

• Develop, implement, and maintain an effective risk management framework for the life insurance business, ensuring compliance with local regulations and industry best practices.
• Implement risk management tools and techniques, such as risk assessments, stress testing, and scenario analysis, to evaluate the potential impact of identified risks on the company’s financial performance and solvency.
• Enhance risk appetite and tolerance levels, ensuring they are aligned with the company’s strategic objectives and risk capacity.
• Proactively initiating and recommending process improvement during daily tasks in order to ensure prompt detection, thorough investigation, and fair reporting of non-compliant activities and mal-practices, including the recommendation of process re-design to more effectively deter, prevent, detect and correct such activities.
• Collaborate with key departments, including distribution, underwriting, actuarial, finance, and operations, to ensure risks are effectively managed and mitigated, compliance practice up-to-date, and sharing information as appropriate as part of the compliance requirements.
• Prepare and filing internal and regulatory reports relating with highlighting key risk exposures, emerging risks, risk mitigation actions.
• Monitor regulatory developments and industry trends to ensure the company’s risk management practices remain up-to-date and effective.
• Other tasks as may be assigned by the Head of Department from time to time.

• Bachelor’s degree in finance, Law, Risk Management, or a related field;
• Preferably with an in-depth understanding of insurance products, operations, and regulations in Myanmar.
• Strong analytical, problem-solving, and decision-making skills, with the ability to evaluate complex risk scenarios.
• Excellent communication and interpersonal skills, with the ability to effectively engage with various stakeholders, both internally and externally.
• High level of integrity, professionalism, and ethical conduct.
• Fluency in Burmese and English, both written and spoken.