Director of Financial Risk Management
AIA
- Hong Kong
- Permanent
- Full-time
Provide risk oversight, challenge and analytical insights for the Group and business units over all financial risk-taking activities, through consistent identification, measurement and application of financial risk metrics that are consistent with the Group’s Risk Appetite and regulatory constraints.Roles and Responsibilities:
- Risk Appetite Statement & Tolerances: Primary accountability for the development, maintenance and monitoring of the Group’s Risk Appetite Statement, principles and tolerances for the Group.
- Insurance & ALM-related Risk Policies, Standards and Guidelines: Primary accountability for the development, maintenance and implementation of the relevant risk management framework for the Group.
- Overall Insurance Risk: Provide Group-level risk oversight of AIA’s product development & approval, inforce management, reinsurance, actuarial assumption setting and claims & underwriting. Recommend management actions to manage insurance risks where appropriate.
- ALM Risk: Monitor and report the ALM risk through active participation in the annual SAA review exercise. Recommend management actions to manage ALM risk where appropriate.
- Regulatory Solvency Risk: Develop and apply the Group stress & scenario testing framework to monitor the Group’s solvency and financial strength both on an actual and prospective basis. Recommend management actions to manage regulatory solvency risk where appropriate.
- Own Risk Solvency Assessment (“ORSA”) & Recovery Plan: Lead the annual ORSA and Recovery Plan for AIA Group, and identify potential business actions deriving from these analyses.
- Develop leading indicators and compile relevant management information to assist the Group Financial Risk Committee to understand and oversee the insurance, ALM and regulatory solvency risk profile.
- Risk Capital model: Maintain and enhance in line with new developments and market conditions.
- Lead and participate in financial risk-related ad-hoc projects based on senior management requests or external developments.
- Bachelor’s degree in finance and/or related area. Qualified actuary and FRM preferred
- 15+ years of actuarial, insurance business, investment or finance experience within a large-scale financial services environment
- Proven track record of initiating policy and control improvement and driving programs that enhance transparency, governance or control
- Expert analysis and decision-making skills
- Proactive, driven leader with the ability to operate effectively from the conceptual stage through to successful implementation
- Strong influencing and interpersonal relationship skills to build networks across organization
- Excellent presentation skills. Ability to communicate effectively up, down, and across the organization. Ability to articulate complex information in a compelling and succinct manner
- Candidates with less experience or not meeting all job requirements will be considered for a more junior position.