Skip to main content
Get Job Alerts Saved Jobs View All Jobs

Intern

Location Kuala Lumpur, Malaysia Job type Full-Time Work mode Hybrid Job level Internship & working student Job ID 10268 Company Munich Re Employment type Temporary Area of expertise Actuarial & Risk Management
Apply Now

Risk and Compliance Intern

Munich Re Retakaful is Munich Re Group’s worldwide Retakaful operations business focusing on providing Islamic Retakaful solutions to our clients in Malaysia, Southeast Asia and the Middle East.

We are looking for an Actuarial / Law / Finance Intern to support our Risk and Compliance department. You will be reporting to the Chief Risk and Compliance officer, and you will also work with other associates within Munich Re Retakaful.

Your Job

  • Support Chief Risk and Compliance Officer in matters relating to the needs of business functions;
  • Review and/or enhance the Shariah Risk and Compliance Management related guidelines, procedures, policy and framework. This includes ensure timeliness and accuracy in highlighting issues on Shariah Risk matters as well as providing Advisory support to business/support functions on matters relating to Shariah Risk;
  • Regarding Risk Management function, it means identification, assessment, monitoring and reporting of key exposures and risks, and the management of these key risks. Ensure an understanding of key risks and exposures at Munich Re Retakaful, management and facilitate responsible and effective risk-taking in line with risk appetite and limits. Monitor emerging risks from changes in political and economic conditions, laws and regulations;
  • Oversee/manage information security risk and controls at Munich Re Retakaful;
  • Fulfilling BNM risk management requirements including the Internal Capital Adequacy Assessment Process, and ORION reporting, to name a few;
  • For the Compliance function, it requires creating a compliance culture & compliance training, monitoring legal changes, performing compliance risk management, carrying out compliance monitoring & reporting, providing advisory to the business and maintaining work documentation. Responsible for investigations into incidents of violation of law and internal policies;
  • Maintain and implement risk management and compliance policies & programmes, including programmes related to credit management, cyber security, anti-money laundering & counter financing of terrorism, data protection, anti-money laundering, outsourcing, business continuity, anti-corruption, to name a few; and
  • Coordinating requests and responses to and from regulators.

Your Profile

  • University Degree in Actuarial Science, Mathematics, Data Science, Risk Management and other related field.
  • Fluent in spoken and written English,  and sound writing and presentation skills.
  • Well-developed time management skills, ability to work independently while supporting teamwork and a keen attitude to learn.
  • Basic knowledge of Takaful business model is advantageous.
  • The role will be based in Kuala Lumpur.
Apply Now

Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

See the area you’ll be working in

Get an idea of what your daily routine around the office can be like.

Explore Location

This may interest you

Featured Jobs

View jobs to show jobs list.

Save jobs to show jobs list.

View All Jobs

Activate your job alert

Looking for the ideal professional challenge? Stay informed with the Munich Re Group job alert service: Munich Re, ERGO Group and MEAG offer a wide range of opportunities. Once you have set up the service, you'll receive automatic email updates on new job vacancies that match your search criteria.

Interested InPlease select a category, location, and/or company option. Click “Add” to create your job alert. You can add more than one combination to your alert.

By signing up, I acknowledge that I have read the privacy policy, and I wish to receive email communications.

To complete the Job Alert, your e-mail address, and the filter criteria you selected will be processed. The processing of the data is exclusively for the purpose of sending the Job Alert e-mails. With deletion of the Job Alert, your data will also be deleted. You can find further information about our imprint here: Privacy Policy.