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BJAK

Online auto insurance marketplace with services

Head of Operations

Full-TimeUpdated on 10/15/2026
No salary listed
Expert
Bachelor's
Bandar Utama, Petaling Jaya, Selangor, Malaysia
HybridAt least three days per week in the local office.
Finance & BankingAsset Management

About the job

Requirements
  • A degree or professional qualification from an institution recognized by the government of Malaysia.
  • At least 10 years of experience in financial services operations, including at least 5 years in securities, unit trust, fund administration, or payments operations at a licensed or regulated entity, and at least 3 years running an operations function or team.
  • Demonstrable ownership of a daily reconciliation between two sets of records.
  • Working knowledge of the Bursa Malaysia trade and settlement cycle and CDS account operations, or of unit trust transaction processing, cut-off times, and unit pricing.
  • Understanding of client asset segregation and how nominee arrangements work in practice.
  • Working knowledge of the Securities Commission's AML/CFT Guidelines and AMLA 2001 as they apply to investor onboarding.
  • Based in Malaysia and able to meet the Securities Commission's fit and proper criteria.
  • Capable of standing as Doit's alternative Responsible Person and as the Securities Commission's named contact for the platform.
  • Strong English communication skills.
Responsibilities
  • Own investor onboarding, from the platform account-opening flow through to the account opened with the licensed partner, including customer due diligence performed by Doit.
  • Maintain accurate and up-to-date records of investors, their transactions, and their holdings.
  • Reconcile Doit's records with each licensed partner's records daily, investigate breaks, track how long each remains open, and escalate uncleared breaks.
  • Manage settlement operations with each partner, safeguard investor assets and records on Doit's side, and maintain contingency arrangements to protect them if Doit cannot carry out its operations.
  • Handle investor complaints as Doit's designated person, keep investors informed through the review, and maintain complete records of every complaint and its outcome.
  • Put the operational risk framework into practice and ensure operational readiness whenever a new product or partner goes live.
  • Build the operations team as volume grows, together with the processes, tooling, and automation needed to scale.
Desired Qualifications
  • Experience launching a digital brokerage or wealth platform and running its operations through the first few years.
  • Familiarity with the Securities Commission's Guidelines on Recognized Markets and other applicable guidelines, and experience handling supervisory reviews by the Securities Commission.

About the company

Bjak.my runs Malaysia's leading online auto insurance marketplace and digital services platform, letting users compare and buy car and motor insurance from multiple insurers and renew road tax instantly. The product works by collecting user details, showing quotes, enabling purchase, and offering added services like nationwide towing and emergency roadside assistance, all through a single platform; revenue comes from commissions on sales and extra services. It differentiates itself with a wide insurer network and a multi-service approach (insurance, road tax renewal, towing, roadside help) backed by MSC Status. Its goal is to make auto-related financial and support services simpler, cheaper, and more accessible for users across Malaysia and the Southeast Asia region, while continuing to save customers money.

Company Size

201-500

Company Stage

N/A

Total Funding

N/A

Headquarters

Petaling Jaya, Malaysia

Founded

2018

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Simplify's Take

What believers are saying

  • BJAK reported 7 million users and 20%-30% gross written premium growth in 2026.
  • Founder Wei Low said BJAK is profitable since 2019 and considering an IPO.
  • BNM approval and 16-partner breadth strengthen trust as BJAK expands overseas in 2026.

What critics are saying

  • JPJ challenged BJAK road tax claims in 2024, exposing recurring regulatory friction.
  • Europe entry into Spain and Germany in 2026 stretches a sub-200-person team.
  • If regulators restrict distribution or road-tax workflows, BJAK loses its core acquisition funnel.

What makes BJAK unique

  • BNM approved BJAK on 2026-08-25 as financial and Islamic adviser.
  • BJAK compares quotes from 16 insurers and takaful providers on one platform.
  • BJAK bundles insurance renewal with road tax workflows across Malaysia, Thailand, Japan, and Taiwan.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Unlimited Paid Time Off
  • Flexible Work Hours
  • Hybrid Work Options
  • 401(k) Company Match
  • Performance Bonus

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-2%

2 year growth

-2%
Media Prima
Jun 16th, 2026
BJAK approved by Bank Negara Malaysia.

BJAK approved by Bank Negara Malaysia. Platform says the recognition by Bank Negara Malaysia strengthens its role in helping Malaysians compare and renew vehicle insurance and takaful online. PETALING JAYA: Online insurance platform BJAK is now recognised as an approved financial adviser by Bank Negara Malaysia, as more Malaysians turn to digital channels for vehicle insurance renewal. In a statement, the company said the recognition reinforces its position as a regulated platform offering insurance and takaful comparison services. Through BJAK, it said users can compare plans from up to 16 insurers and takaful providers on a single platform based on pricing, coverage, and benefits. The service is aimed at promoting more informed financial decisions and improving transparency in the insurance renewal process. "As online scams and misinformation continue to grow, Malaysians are encouraged to verify the legitimacy of financial service providers before making payments or sharing personal information online," the company said. BJAK also provides online road tax renewal services, which it said further simplify vehicle-related transactions for users. The company urged consumers to compare options before renewing insurance, choose regulated platforms, and review policy coverage and benefits before making purchases. "Consumers are encouraged to compare multiple insurers and takaful providers for better value and protection," it added. Stay current - Follow FMT on WhatsApp, Google news and Telegram

Fintech News Malaysia
Dec 16th, 2025
Malaysian Insurtech Bjak Weighs IPO as It Plans Europe Expansion

Malaysian insurtech Bjak weighs IPO as it plans Europe expansion. Bjak, a Malaysia-based online insurance platform, is considering an initial public offering (IPO) within the next two years as it looks to fund further international growth. Bloomberg reported that the company is evaluating new markets beyond Asia. Founder Low Wei said Bjak is assessing Spain and Germany for potential entry in 2026, which would mark its first expansion into Europe. The move would follow the company's recent entry into Japan, Taiwan and Thailand. Low said gross written premiums rose by about 20 percent to 30 percent this year and he expects growth to accelerate as the company expands overseas. He said the business has been profitable since it was founded in 2019 and operates with minimal debt, though no detailed financial figures were disclosed. The proposed IPO would support further international expansion and provide liquidity for employees through stock-based compensation, Low said. He also plans to scale the company's workforce, with global headcount expected to double from nearly 200 to around 400 by the end of 2026. Founded in 2019, Bjak operates a digital platform that allows users to compare and purchase insurance products across multiple markets. The company says it has about seven million users and works with 16 insurance providers on its platform, including Allianz and Tokio Marine. Low has said uneven adoption of insurance technology across Asia continues to create opportunities for digital platforms, even as more mature markets such as the UK show higher penetration.

New Straits Times
Apr 2nd, 2024
Six million road users to benefit from BJAK's RM150 million in free road tax programme

KUALA LUMPUR: Malaysia's leading digital insurance platform, BJAK Sdn Bhd, launches its RM150 million Free Road Tax programme.

Mashable
Oct 29th, 2021
Bjak will launch buy-now-pay-later payment option on Nov 1st 21'.

Leading Malaysian insurance platform Bjak has just announced that it will launch a buy-now-pay-later (BNPL) payment option for its car and motorcycle insurance offerings on November 1, 2021, making it the first to provide such a service in Malaysia.