Overview
The Company Our client is a leading reinsurance company within Indonesia’s state-owned enterprise ecosystem, operating under the Indonesia Financial Group. They play a critical role in strengthening the national insurance and reinsurance landscape, offering long-term career stability and opportunities for cross-entity mobility within the group. They combine institutional strength with ongoing transformation initiatives to enhance technical capabilities and governance standards. The Role The Head of Compliance and Risk Management Division is responsible for planning, directing, and controlling all programs within the Compliance & Risk Management Division, including: Implementing risk management processes and providing risk-related reports for monitoring company performance and supporting management decision-making. Managing business continuity programs to ensure critical business function
Full job description
Full Job Description
The Company
Our client is a leading reinsurance company within Indonesia’s state-owned enterprise ecosystem, operating under the Indonesia Financial Group. They play a critical role in strengthening the national insurance and reinsurance landscape, offering long-term career stability and opportunities for cross-entity mobility within the group. They combine institutional strength with ongoing transformation initiatives to enhance technical capabilities and governance standards.
The Role
The Head of Compliance and Risk Management Division is responsible for planning, directing, and controlling all programs within the Compliance & Risk Management Division, including:
- Implementing risk management processes and providing risk-related reports for monitoring company performance and supporting management decision-making.
- Managing business continuity programs to ensure critical business functions continue during normal, emergency, and post-incident conditions.
- Conducting risk assessments and ensuring compliance with OJK regulations.
- Ensuring company compliance in all operational activities and managing the Early Warning System (EWS).
Responsibilities
- Develop work plans and budgets for the Compliance & Risk Management Division.
- Ensure all processes comply with GCG, SOPs, and regulations.
- Manage risk analysis, mitigation strategies, and portfolio risk.
- Lead, coach, and develop the team.
- Ensure smooth operations and optimize resources.
- Improve systems, procedures, and workflows.
- Collaborate internally and externally.
- Oversee administrative functions.
- Evaluate risk management systems.
Core Duties
- Ensure job descriptions and SOPs are aligned with business developments.
- Conduct coaching and mentoring.
- Act as a role model for company values (AKHLAK).
- Oversee compliance, reporting governance, and risk security.
- Approve and control division budgets.
- Ensure regulatory compliance across the company.
- Ensure compliance implementation in all activities.
- Report compliance and risk issues.
- Plan and ensure EWS runs effectively.
- Ensure all business units operate according to regulations.
Job Challenges
- Adapting compliance and risk management to evolving regulations (especially OJK).
- Rapid technological changes.
- Constantly evolving business risks.
- Low awareness of compliance & BCM across the organization.
Authority
- Approve compliance & risk management reports.
- Propose division programs and initiatives.
- Approve updates to processes, job descriptions, and SOPs.
- Approve improvements to systems.
Requirements
Education
- Minimum Bachelor’s Degree
- Certifications:
- CRMP (Risk Management)
- Insurance certification (AAAIK / AAAIJ minimum)
Experience
- Minimum 5 years of relevant experience
Experience
- Strong understanding of compliance & risk management in reinsurance
- Strategic planning capability
- Knowledge of compliance, risk management, and BCM
- Ability to implement and manage risk frameworks
- Strong reporting and control capabilities
- Ability to ensure system effectiveness
- Analytical skills in risk strategy
- Presentation and communication skills
- Negotiation skills
- Computer proficiency (MS Office)
- Passive English proficiency
Character & Attitude
- High integrity and honesty
- Professional, responsible, independent
- Strong teamwork and communication
- Service-oriented mindset
- Respectful and collaborative
Leadership & Managerial Skills
- Strong work direction
- Organizational capability
- Leadership ability
- Decision-making skills
- Relationship-building
- Self-control and discipline
- Ability to drive change
- High motivation
Working Relationships
Internal
- Board of Commissioners
- Board of Directors
- All committees
- Division Heads & related units
External
- Government institutions
- OJK (Financial Services Authority)
- Shareholders
- Business partners & associations
Qualifications And Requirements
Mid-Senior level
Requirements & qualifications
Mid-Senior level
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Verification notes
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