Assistant Risk Manager
Kuala Lumpur, MY
Allianz Services is proud to serve and be part of Allianz Group, one of the world’s leading insurers and asset managers. Our global footprint, with more than 7,300 employees located across ten countries and four continents, enables us to unlock value for our partners across the insurance value chain and deliver client experience within Allianz Group. At Allianz Services, we have a specialization in core insurance operations, shared services, business analytics, engineering, and management consulting. Our people and our trusted relationships with partners are what matter most. These are rooted in our values of compassion, integrity, and expertise and we aim to continuously evolve, improve, and deliver excellence while contributing to the transformation of Allianz. Caring for the environment, for people, and for our customers is what makes us a great place to work and together we are shaping a better and more caring tomorrow.
The primary purpose of this role is to conduct control testing activities as part of the Non-Financial Risk Framework Management (NFRM) framework. The role involves understanding processes and key controls, engaging with control owners, and conducting sample testing and clarifications to ensure effective risk management.
Key Responsibilities
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Conduct comprehensive testing of IT and Non-IT controls to assess their design and operating effectiveness and compliance with Allianz's Non-Financial Risk Management (NFRM) framework.
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Understand and analyze processes and key controls to be tested within the Non-Financial Risk Management Framework.
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Conduct meetings and discussions with control owners to gather insights and clarify testing requirements.
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Select appropriate samples for testing and perform thorough analysis to validate control design and operating effectiveness.
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Identify control deficiencies, document findings and provide recommendations for improvements in control processes.
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Monitor and track remediation action plans to ensure timely resolution of identified control deficiencies.
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Ensure timely and quality documentation and update of control testing results, identified control deficiencies and the corresponding remediation action plans in ORGS system for Group Reporting.
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Assist in the preparation of detailed reports and presentations on control testing statistics and findings.
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Participate in Risk and Control Assessment (RCA) workshops and contribute to the continuous enhancement of risk culture within the Company.
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Collaborate with stakeholders to ensure alignment and understanding of risk management objectives.
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Support the Risk Management team in the review of ad hoc Third Party Risk Management assessments as required.
Qualifications and skills
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Proficiency in risk management and control testing methodologies and frameworks.
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Strong analytical skills for evaluating control effectiveness.
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Familiarity with insurance industry-specific risk management practices.
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Experience with control testing tools and software.
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Excellent communication and interpersonal skills for engaging with control owners and stakeholders and to communicate findings effectively.
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Detail-oriented with strong organizational skills.
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2 to 3 years of relevant experience in operational risk management or audit, with a focus on control testing activities preferably within the insurance industry.
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Experience in conducting risk assessments and developing risk mitigation strategies.
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Bachelor's degree in Risk Management, Business Administration, Finance, or a related field.
Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.
We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in.
We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.
Great to have you on board. Let's care for tomorrow.
