Job Description
1. Risk Management Framework, Policies and Procedures and system
- Designing and implementing an Enterprise Risk Management Framework and process for the organization.
- Ensuring that risk frameworks and policies are complies with related regulatory requirements. (Ex, Bank of Thailand, Stock Exchange of Thailand, Office of Insurance Commission)
2. Risk Monitoring and Reporting
- Performing wider risk assessments and reviews, whilst ensuring that all necessary controls are in place.
- Leading team to prepare regular risk reports for regulators (Ex, RBC, Stress test, Own Risk and Solvency Assessment: ORSA report, etc.) and reports for the CEO and Board of Directors on any risk matter
- Work with team in managing the on-going portfolio performance by reviewing and providing feedback to business in terms of portfolio performance, corrective action and to coordinate with business team for risk mitigation.
- Forecast loss to support business in planning including loss projection for new product initiative or marketing team to extend portfolio size or launch new product/marketing program
3. Provide Independent Risk Review and Feedback
- Involve and comment on new product risk assessments (ex, insurance products, pricing model, car operating lease, lending products, etc.) covering both operational and financial aspects.
- Contribute to product development process by providing comments from risk perspective on proposed product ideas or initiatives
- Development of mitigation measures to be used in minimizing risks or losses in the organization.
4. Build on a strong risk culture within the organisation at both staff and Board level
- Transform the risk conduct and culture framework, work with top management to develop the future organization.
- Assess current risk culture and to identify opportunities for improvement by making employees aware of present and emerging risks and giving them the skills to protect both customer and the organization.
- Provide active coaching, guidance and support throughout the organisation to effectively implement the Risk Management Framework
- Ensure any new risk related guidelines or regulatory requirements are communicated to stakeholders and are being abided.
5. Risk Initiatives and Projects