PT FWD Insurance Indonesia ("FWD Insurance"), a joint-venture insurance company and a part of FWD Group, previously known as PT Commonwealth Life, has successfully merged with PT FWD Life Indonesia ("FWD Life") as of 1 December 2020 and will be known as FWD Insurance.
The merger of FWD Life and FWD Insurance has led to a more comprehensive range of products, including unit-linked insurance, individual & group term life insurance, individual & group personal accident insurance, and group medical insurance through technology driven-distributions such as agency, bancassurance, e-commerce, and corporate.
FWD Insurance is registered and supervised under Otoritas Jasa Keuangan ("OJK").
FWD Insurance is a member of Indonesia Financial Services Alternative Dispute Resolution Center.
Financial Risk Management Manager is responsible for implementing and maintaining the Operational Risk Management and Internal Control program fat FWDII to align with the Enterprise Risk Management Framework, Risk Appetite Framework, Enterprise Risk Management Policy & compliance with all regulations, including supporting the establishment of strong Risk Culture
This position accountable for:
- To implement Risk Culture Working Plan that consist of activities to enhance the employee awareness regarding Risk Management Framework, Risk Appetite, Enterprise Risk Management Policy, Risk Implementation Guideline and Anti-Fraud Policy in accordance with the Risk KPI.
- To aasist in the execution of the Risk Management Framework. Focusing on Financial Risk Management.
- To conduct & facilitate Top Down and Bottom Up Risk & Control Annual Risk Register Review process & Internal Control Certification in the financial risk area.
- To conduct & facilitate Key Control Self-Assessment (KCSA) in the financial risk area determined by Group / Local Management or based on risks approach.
- To conduct & facilitate OJK Risk Assessment and Risk Implementation assessment as per regulation requirement for financial risk area.
- To monitor and review the proper and timely implementation of all action item resulted from Risk Assessment
- To update and ensure the updated Risk Register and GRC System in liaise with related Functional Units.
- To ensure Company's compliance with risk management related regulation such as providing information for Risk Committees Meeting and all mandatory reporting requirements.
- To provide risk management reports required by local management and group office based on demand & timely manner.
- To provide solution-oriented advice to all channels/departments related to Risk Management matters in reasonable timeframe and accepted by relevant parties on the operational risk area.