Shariah Risk Analyst (Kuala Lumpur, MY)

Zurich Insurance
Kuala Lumpur
Workplace: OnsiteFull timeFunction: Legal, Risk & ComplianceEducation: bachelorsSkills: ["Risk analysis","Risk assessment","Governance","Compliance","Stakeholder collaboration","Risk culture"]

Support Zurich’s Shariah Risk Management (SRM) for the Takaful business by identifying, assessing, monitoring, and reporting Shariah Non-Compliance (SNC) risks. Develop and maintain SRM policies and procedures, assess new products and initiatives for SNC risk, monitor SNC incidents and corrective actions, and prepare SNC reporting for management, Shariah Committees, and Board Committees. Provide risk analysis, challenge, and governance advisory to strengthen risk culture and regulatory compliance.

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FursaFursa
Zurich Insurance
Zurich Insurance
1 week ago

Shariah Risk Analyst (Kuala Lumpur, MY)

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Source: Company careers pageValidated by: Fursa AI
Last checked: 6 hours agoStatus: Live

Job Summary

Support Zurich’s Shariah Risk Management (SRM) for the Takaful business by identifying, assessing, monitoring, and reporting Shariah Non-Compliance (SNC) risks. Develop and maintain SRM policies and procedures, assess new products and initiatives for SNC risk, monitor SNC incidents and corrective actions, and prepare SNC reporting for management, Shariah Committees, and Board Committees. Provide risk analysis, challenge, and governance advisory to strengthen risk culture and regulatory compliance.
Location: Kuala Lumpur
Workplace: Onsite
Employment Type: Full time
Job Function: Legal, Risk & Compliance
Seniority: Mid level

Key Responsibilities

  • •Support implementation and continuous enhancement of the Shariah Risk Management (SRM) framework across the organization.
  • •Develop, review, and maintain Shariah Risk Management policies and procedures for Takaful business operations.
  • •Collaborate with business and support functions to identify, assess, monitor, and mitigate Shariah Non-Compliance (SNC) risks.
  • •Review and assess new products, business initiatives, processes, and system enhancements to identify potential SNC risks and recommend appropriate controls.
  • •Monitor SNC incidents and events, validate corrective actions, assess financial/operational impact (including income de-recognition), and prepare periodic SNC risk reporting to Management, Shariah Committees, and Board Committees.

Key Requirements

  • •Bachelor's Degree or Professional Certification in Shariah, Islamic Finance, or a related field.
  • •Additional training or certifications in Enterprise Risk Management, Governance, Risk, or Compliance disciplines.
  • •Ability to identify, assess, monitor, and report Shariah Non-Compliance (SNC) risks.
  • •Experience reviewing and assessing new products, initiatives, processes, and system enhancements for potential SNC risks and recommending controls.
  • •Ability to monitor SNC incidents/events, validate corrective actions, maintain accurate records, and support periodic SNC risk reporting.
Education:Bachelor's in Shariah, Islamic Finance
Skills:Risk analysisRisk assessmentGovernanceComplianceStakeholder collaborationRisk culture
Certifications:Enterprise Risk ManagementGovernanceRiskComplianceShariahIslamic Finance

Company Brief

Zurich Insurance
Zurich Insurance Group is a global insurance company offering a wide range of general insurance and life insurance products and services to individuals, small businesses and large corporations across multiple markets worldwide.
Industry: Insurance
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Zurich, Switzerland
Founded: 1872
Glassdoor
Glassdoor: 3.7
WebsiteLinkedIn