Specialist, Enterprise Risk Management

Job Context

Manage, implement, and enforce the risk management framework and processes to ensure functions within Axiata are aware of the process and adopt the framework to ensure timely identification, evaluation and reporting of calibrated risks at the Risk & Compliance Management Committee (RMC) and Board Risk & Compliance Committee (BRCC) in a clear and comprehensive manner.

Scope & authority

This role will require regularly collaborating with multiple departments and stakeholders, including the OpCo Head of ERM, the Group Senior Leadership Team (SLT), RMC and the Group BRCC. You will have the authority to request and review the risks from functional heads, assist in developing and improving the risk management program and shaping the ERM 3-year strategy.

Additionally, you will be required to drive and support annual ERM Business Planning (BP) and Long-Range Planning (LRP) and independently lead projects/initiatives to enhance overall Group-wide risk management capabilities.

Main Responsibilities

Risk Management Function

• Support the Head of ERM in providing strategic direction, coordinating and driving a strong strategic approach to risk management by ensuring the alignment between the risk objectives and the business strategies of the Group.

• Promote and instill a risk-centric culture across the Group by embedding risk management as part of the organization’s decision-making process.

• Shape, build and drive high-quality risk management processes and frameworks across the organisation and create insightful and actionable reporting and feedback to the various risk officers.

• Build trusting relationships with all stakeholders (Board Risk & Compliance Committee, SLT, OpCo Risk Officers, regulators, analysts, and industry bodies) by being a values-driven leader and strategic business partner.

• Maintain an open and constructive relationship as a Trusted Advisor with senior internal and external stakeholders, including External Audit, Business Executives and relevant Risk Agencies.

• Facilitate the risk management process for projects such as M&A, ABAC, ESG, TCFD, and other projects as instructed by the management. And work with the project team to put in place the necessary safeguards and protection to cover risks that have been identified.

• Report on the overall effectiveness of the governance, risk and internal control framework of the Group.

• Implement a robust process to follow up management's agreed actions to address issues raised by RCMC, BRCC, and the Internal and External Audit functions.

Managing SORMIC

• Develop and maintain the Statement of Risk Management (SORMIC) in line with Axiata framework and regulatory requirements ensuring quality and timeliness of the process.

• Ensure that all risks are identified, assessed, and managed effectively, including the development and execution of risk mitigation plans.

• Integrate strategic alignment of Risk Management, SORMIC, Corporate Insurance and the IAR process to ensure the annual board and public reports are aligned and integrated.

Group Insurance

• Develop, implement, and maintain the company's group insurance program, ensuring adequate coverage and cost-effectiveness.

• Collaborate with insurance brokers and underwriters to negotiate policy terms, premiums, and claims.

• Monitor the performance of insurance providers, ensuring they meet the company's expectations and standards.

• Partner with Group Procurement to appoint and manage the insurance broker.

• Lead the engagement with relevant BU and Opcos to gather pre-insurance data gathering across the Group.

• Work with relevant BU and Opcos for the end-to-end process for Insurance Management.

Support to the RCMC & BRCC  

• Support the Risk & Compliance Management Committee (RCMC) and the Board Risk & Compliance Committee (BRCC), ensuring efficient and effective committee operations.

• Assist with developing and maintaining RCMC & BRCC presentation decks, including agendas, minutes, and action items at the defined schedule.

• Support the Risk Management process in reviewing Board papers from across the OpCos.

• Coordinate and facilitate the Risk Management functions like FRR, KER, Risk Forum.

• Keep up to date on current global and emerging risks to challenge and drive effective risk discussions at the risk committees.

• Coordinate and facilitate RCMC & BRCC meetings, ensuring timely follow-up on action items and ongoing communication with committee members.

• Coordinate and compile the finalized decks and material and distribute the material on schedule for the committee’s pre-read.

• After the committee meeting, prepare the committee report to the Board.

• Maintain the central repository of the papers & final check for quality assurance.

Awareness and Culture

• Review and maintain the corporate awareness instruments and engagements on Risk Management (e.g.: Training modules, newsletter, workshops, etc.)

• Review and update mandatory training content by engaging SMEs for relevant content and including emerging risks to develop a risk aware culture.

• Support the R&C division in organizing and executing the cyclic plenary conferences in an engaging, relevant, and exciting format.

Digitising Risk Management

• Support digitation of the risk management process to enable the move from quarterly risk reporting to identifying, reporting, and managing risk on a real-time basis across the Group.   

• Develop visualisation and dashboard using Power BI or other digital technologies.

• Automate repeatable processes to enhance overall risk maturity and increase productivity and effectiveness.

Key Results Area

• To embed an effective ERM, RCSA and SORMIC process.

• To promote information sharing and a “Collective Brain” approach to ensure smarter and effective collaboration with cross functional.

• Drive a progressive Risk culture that enables and supports overall Axiata's Winning culture.

• To ensure Axiata Group & OpCos have cost-effective and comprehensive group insurance coverage.

• Efficient and productive running of RCMC & BRCC meetings.

Job requirement

• Degree in Commerce, Business Administration or Economics or equivalent with minimum 8 years’ related working experience, 2 of which specifically in risk management.  

• Exposure to working in a diverse, fast-paced environment and international exposure will be advantageous.

• Strong analytical, problem-solving, and decision-making skills.

• Strong strategic partnership, advisory, planning and organisational skills.

• Excellent influencing, negotiation, and interpersonal skills, with the ability to effectively communicate complex information to various audiences.

• Ability to work both independently and as part of a team.

• Proactive and results-oriented approach to work.

• Proficient in Microsoft Office Suite, including Excel, Word, and PowerPoint.

• Proficient writing and presentation skills.

• Knowledge of risk management tools and software is advantageous.