Head of Compliance and Risk Management Division

The CompanyOur 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 RoleThe 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).ResponsibilitiesDevelop 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 DutiesEnsure 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 ChallengesAdapting compliance and risk management to evolving regulations (especially OJK).Rapid technological changes.Constantly evolving business risks.Low awareness of compliance & BCM across the organization.AuthorityApprove compliance & risk management reports.Propose division programs and initiatives.Approve updates to processes, job descriptions, and SOPs.Approve improvements to systems.RequirementsEducationMinimum Bachelor’s Degree Certifications: CRMP (Risk Management) Insurance certification (AAAIK / AAAIJ minimum)Experience Minimum 5 years of relevant experienceExperienceStrong understanding of compliance & risk management in reinsuranceStrategic planning capabilityKnowledge of compliance, risk management, and BCMAbility to implement and manage risk frameworksStrong reporting and control capabilitiesAbility to ensure system effectivenessAnalytical skills in risk strategyPresentation and communication skillsNegotiation skillsComputer proficiency (MS Office)Passive English proficiencyCharacter & AttitudeHigh integrity and honestyProfessional, responsible, independentStrong teamwork and communicationService-oriented mindsetRespectful and collaborativeLeadership & Managerial Skills Strong work direction Organizational capability Leadership ability Decision-making skills Relationship-building Self-control and discipline Ability to drive change High motivationWorking RelationshipsInternal Board of Commissioners Board of Directors All committees Division Heads & related units External Government institutions OJK (Financial Services Authority) Shareholders Business partners & associations

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:

1. Implementing risk management processes and providing risk-related reports for monitoring company performance and supporting management decision-making.
2. Managing business continuity programs to ensure critical business functions continue during normal, emergency, and post-incident conditions.
3. Conducting risk assessments and ensuring compliance with OJK regulations.
4. Ensuring company compliance in all operational activities and managing the Early Warning System (EWS).

Responsibilities

1. Develop work plans and budgets for the Compliance & Risk Management Division.
2. Ensure all processes comply with GCG, SOPs, and regulations.
3. Manage risk analysis, mitigation strategies, and portfolio risk.
4. Lead, coach, and develop the team.
5. Ensure smooth operations and optimize resources.
6. Improve systems, procedures, and workflows.
7. Collaborate internally and externally.
8. Oversee administrative functions.
9. Evaluate risk management systems.

Core Duties

1. Ensure job descriptions and SOPs are aligned with business developments.
2. Conduct coaching and mentoring.
3. Act as a role model for company values (AKHLAK).
4. Oversee compliance, reporting governance, and risk security.
5. Approve and control division budgets.
6. Ensure regulatory compliance across the company.
7. Ensure compliance implementation in all activities.
8. Report compliance and risk issues.
9. Plan and ensure EWS runs effectively.
10. Ensure all business units operate according to regulations.

Job Challenges

1. Adapting compliance and risk management to evolving regulations (especially OJK).
2. Rapid technological changes.
3. Constantly evolving business risks.
4. Low awareness of compliance & BCM across the organization.

Authority

1. Approve compliance & risk management reports.
2. Propose division programs and initiatives.
3. Approve updates to processes, job descriptions, and SOPs.
4. 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

Avomind is a go to firm to hire commercial, strategy and analytics & insights talent globally.Our global network - serviced from Berlin, London, Barcelona, Miami, Jakarta and Singapore is built up of partnerships with >200 leading academic institutions; 25 leading MBA programs and 45 tech institutions.We provide our clients with unlimited access to our network and offer custom recruitment; embedded hiring and talent branding services.Speed is our care value - do expect a first project input within 24 hours. 75% of the hired candidates are part of the 1st week’s batch, that we would deliver on a project.

Avomind is a go to firm to hire commercial, strategy and analytics & insights talent globally.

Our global network - serviced from Berlin, London, Barcelona, Miami, Jakarta and Singapore is built up of partnerships with >200 leading academic institutions; 25 leading MBA programs and 45 tech institutions.

We provide our clients with unlimited access to our network and offer custom recruitment; embedded hiring and talent branding services.

Speed is our care value - do expect a first project input within 24 hours. 75% of the hired candidates are part of the 1st week’s batch, that we would deliver on a project.