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Associate Director, Financial Risk Management job in Hong Kong

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Hong Kong AIA Group Ltd

Job Ref:  JR-42558
Employer:  AIA Group Ltd
Sector:  Life Insurance
Health Insurance
Qualifications:  Fully Qualified Actuary
Job Type:  Full Time
Salary and Benefits:  Competitive
Remote:  No

Location

Country:  Hong Kong
City:  Hong Kong
Post Code:  Not specified
Map: 

Description

FIND YOUR 'BETTER' AT AIA

We don't simply believe in being 'The Best'. We believe in better - because there's no limit to how far 'better' can take us.

We believe in empowering every one of our people to find their 'better' - in the work they do, the career they build, the life they live and the difference they make. So that together we can support even more people - including our own - to live Healthier, Longer, Better Lives.

If you believe in better, we'd love to hear from you.

About the Role

We are looking for an insightful and resourceful subject matter expert to take collaborative approach working with group office teams to ensure the ongoing and effective functioning of the Financial Risk governance and reporting processes on Group Office level and support countries on insurance risk and governance issues with timely and transparency manner.

Roles and Responsibilities:
  • Perform risk assessments on a broad range of financial risk topics such as strategic asset allocation, internal capital and solvency management, inforce management, product and reinsurance pricing
  • Provide timely and constructive feedback while working with local BU risk officers to develop risk mitigation strategies which are practical and commercially sound
  • Develop and/or review standards, guidance notes, templates and other governance "tools" to support financial risk management processes in local BU's
  • 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
  • Own Risk Solvency Assessment ("ORSA") & Recovery Plan: Support the development of the annual ORSA and Recovery Plan for AIA Group, and identify potential business actions deriving from these analyses
  • Stress & scenario testing for capital planning purposes: Develop and apply the Group stress testing framework to monitor the Group's solvency and financial strength both on an actual and prospective basis
  • Analyze and identify key risks of inforce portfolio, to generate value-adding insight for risk management purposes
  • Compile, review and provide expert commentary on insurance risk metrics and watchlists, working to the standard of reliability and clarity which is required for submissions to the Group Financial Risk Committee
  • Participate in financial risk-related ad-hoc projects based on senior management requests or external developments


Minimum Job Requirements:
  • Minimum 10 years' actuarial experience in a life insurer/reinsurer or equivalent
  • Significant practical experience in the fields of life insurance/reinsurance capital management or product pricing or internal economic capital model
  • Fellowship in a recognized international actuarial professional body
  • Assertive, self-motivated and customer-orientated
  • Sound problem solving and decision-making skills
  • Strong leadership skills with the confidence to challenge consensus views
  • Good communications and interpersonal skills
  • Time management skills
  • Strategic planning skills
  • Computer literate in MS Office


Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.

You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.
ref: (JR-42558)
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