Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

Key Responsibilities;

• To formulate, drive and monitor the Product strategic action plans so as to ensure that all initiatives put in place are being implemented effectively and efficiently.

• To lead the Product Development initiatives, overseeing the product development cycle based on the planned product calendar and ensuring the development process is in compliance to PCA and BNM product development standards.

• Obtain product approval from relevant parties internal and external including from the regulator (BNM), PCA, Shariah and Product Steering Committee

• Developing product marketing capabilities via research, development of customer centric products, enabling distribution channels to market product effectively to the right customers with value propositions

• To provide overall leadership for the division in developing continuous capabilities, skills and knowledge via active staff engagement and development programs for the entire product division

• To ensure full compliance with all relevant anti-money laundering laws, codes, rules regulations and standards of good practice, including the Group’s Money Laundering Prevention Policy and Standards with which PruBSN is required to comply.
• Responsible for identifying the risk in the department / activities under his/her control and to ensure there are adequate controls.  More specifically, the incumbent will:
  • Ensure that risks are identified and evaluated and that the controls in place to mitigate such risks are robust, adequate and operate effectively
  • Develop action plans and ensure timely completion.  Where necessary, the Risk Committee may ask for such action plans from time to time
  • Escalate key risks to the local risk committee
  • Manage incidents and identify remedial actions where necessary on a timely basis.

Qualification and Experience :

- Tertiary education in any field.  Preferred field:  Actuarial Science/Marketing/Life Insurance Marketing

- Experience: 10 years in Industry with managerial role in Actuarial Services or Product Development. 

- Knowledge in Product Development Processes

- Knowledge in Shariah Application to Takaful or Islamic Finance

- Experience in dealing with Shariah Committee members of Islamic Financial Institutions

- Passing Professional Examinations or Islamic Finance Certification is an advantage

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.