An exciting Head of Compliance & Risk (Life Insurance) job has just become available at one of the most prominent Life Insurance company based in Jakarta.
HEAD OF COMPLIANCE AND RISK – LIFE INSURANCE
Salary: Competitive and based on experience
Location: Jakarta, Indonesia
Keywords: compliance governance, risk management, regulatory engagement, life insurance, OJK regulations, AML/CFT standards, enterprise risk framework, governance culture
A leading life insurance provider in Jakarta is seeking a highly knowledgeable Head of Compliance and Risk to champion the organisation’s compliance and enterprise-wide risk management agenda. This senior leadership role offers you the opportunity to shape regulatory strategy, drive robust governance, and foster a culture of ethical conduct across all business units. You will be at the forefront of regulatory engagement, ensuring full alignment with OJK, AAJI, PPATK, and other key industry bodies while guiding the company through complex compliance landscapes. The position provides a unique platform for you to influence board-level decisions, collaborate with cross-functional teams, and lead transformative initiatives in compliance technology and governance automation. Flexible working opportunities and ongoing training programmes are available to support your professional growth and ensure you remain at the cutting edge of industry best practices.
* Take ownership of the entire compliance and risk function for a major life insurer, driving strategic direction and operational excellence across all business areas.
* Work closely with senior stakeholders, regulators, and industry associations to build strong networks and ensure proactive supervisory engagement.
* Benefit from flexible working arrangements and continuous learning opportunities designed to help you thrive in a supportive leadership environment.
What you'll do:
As Head of Compliance and Risk – Life Insurance based in Jakarta, you will play a pivotal role in shaping the organisation’s approach to regulatory compliance and enterprise risk management. Your day-to-day responsibilities will involve developing frameworks that meet stringent local regulations while fostering a culture of ethical conduct across all levels. You will work collaboratively with senior leaders to advise on policy interpretation issues, oversee critical reviews of product filings, manage AML/CFT protocols, and ensure seamless integration between risk identification efforts across multiple functions. By building strong relationships with regulators such as OJK and AAJI—and representing the company in industry forums—you will help maintain positive supervisory interactions while driving continuous improvement in governance standards. Success in this role requires exceptional analytical skills combined with an ability to communicate complex concepts clearly to both internal stakeholders and external partners.
* Develop, enhance, and oversee a comprehensive compliance framework that aligns with OJK, AAJI, PPATK, and other relevant regulatory requirements.
* Monitor regulatory updates diligently and ensure timely implementation of new policies and rules throughout the organisation.
* Lead compliance reviews, provide advisory services, conduct investigations, and offer strategic guidance to the Board of Directors and senior management.
* Oversee the AML/CFT framework including reporting obligations as well as compliance with KYC procedures and transaction monitoring standards.
* Ensure thorough product compliance reviews are conducted including filings, approvals, and regulatory reporting for all insurance products.
* Design and execute an enterprise risk management (ERM) framework covering financial, operational, insurance, investment, and strategic risks.
* Develop clear risk appetite statements, establish risk policies, and implement effective internal governance mechanisms across all departments.
* Oversee Own Risk and Solvency Assessment (ORSA), capital adequacy monitoring processes, and stress testing activities to safeguard organisational resilience.
* Collaborate with actuary, finance, operations, and commercial teams to ensure integrated risk identification processes and robust control measures.
* Report key risks, exposures, mitigation plans regularly to the Board of Directors and Risk Committee while maintaining transparent communication channels.
What you bring:
To excel as Head of Compliance and Risk – Life Insurance in Jakarta, you will bring extensive experience gained from senior roles within life insurance or financial services environments. Your expertise in interpreting local regulations—particularly those set by OJK—will be complemented by your ability to build collaborative relationships with key industry bodies. You will have demonstrated success leading teams through complex compliance challenges while fostering open communication channels across departments. Your analytical mindset enables you to assess risks holistically while your interpersonal skills allow you to guide board-level discussions confidently. Familiarity with digital transformation projects or advanced compliance technologies will further strengthen your candidacy. Above all else, your commitment to ethical conduct ensures that you act as a trusted advisor who supports both organisational objectives and wider industry standards.
* Minimum 12–15 years’ experience in compliance or risk roles within life insurance or broader financial services sectors is essential for success in this position.
* Deep understanding of OJK regulations including POJK standards as well as AML/CFT rules relevant to life insurance operations is required.
* Proven track record managing relationships with OJK officials or other key industry regulators; an established regulatory network is vital for this role.
* Demonstrated leadership experience guiding compliance or risk teams at a senior level within large organisations is necessary.
* Strong analytical abilities coupled with strategic thinking skills enable you to interpret complex policies effectively.
* Excellent communication skills are needed to influence senior stakeholders internally as well as regulators externally.
* Professional presence within AAJI or similar regulatory forums is highly desirable for candidates seeking this opportunity.
* Experience implementing digital transformation initiatives or using governance automation/compliance technology tools would be advantageous but not mandatory.
* High integrity combined with sound judgement ensures you can navigate regulatory complexity responsibly while maintaining trust among colleagues.
* Resilience under pressure allows you to manage challenging situations calmly while upholding organisational values.
What sets this company apart:
This organisation stands out for its unwavering commitment to regulatory excellence within Indonesia’s life insurance sector. With a reputation for nurturing talent through ongoing training programmes and knowledge-sharing initiatives, employees benefit from a supportive leadership team that values collaboration over hierarchy. The company actively promotes flexible working opportunities so that staff can balance professional ambitions with personal wellbeing. Its inclusive culture encourages open dialogue around governance issues while providing access to generous resources for professional development. By prioritising transparency in its dealings with regulators—and investing in state-of-the-art compliance technology—the organisation empowers its people to deliver outstanding results without compromising on integrity or ethical standards. Joining this team means becoming part of a network where your contributions are recognised not only internally but also across the wider industry landscape.
What's next:
If you are ready to make a meaningful impact on the future of life insurance compliance in Indonesia—and want to join an organisation that values your expertise—this is your chance!
Apply today by clicking on the link below; take the next step towards advancing your career in compliance leadership.
Due to the high volume of applications we are experiencing, our team will only be in touch with you if your application is shortlisted.
