We use cookies. Find out more about it here. Some services may not be available without accepting cookies. By continuing to browse this site you agree to our use of cookies.

Head of Financial Risk Management job in Bangkok

#alert

Bangkok Prudential plc

Job Ref:  24020185
Employer:  Prudential plc
Sector:  Investment
Life Insurance
Professional/Financial Services
Qualifications:  Senior Qualified Actuary
Job Type:  Full Time
Salary and Benefits:  Competitive
Remote:  No

Location

Country:  Thailand
City:  Bangkok
Post Code:  Not specified
Map: 

Description

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 Accountabilities
  • Oversight of financial risks including:
    • Product development
    • Reinsurance and any other risk transfer/ hedging arrangements
    • Market, credit, and counterparty credit risk
    • Insurance risks including mortality, morbidity and persistency
    • Strategic asset allocation, investment strategy, and M&A
    • Strategic and business planning
    • Capital management and any other material business decisions.
  • Oversee the implementation and compliance with the local and Group Risk Management Framework, Risk Policies, standards, and the local risk appetite framework(s). Providing training as required to the 1st Line.
  • Review and challenge the 1st line identification of financial risks and controls and the assessment of those controls.
  • Support and challenge the 1st Line in their root cause analysis and control enhancements for any incidents/breaches relating to FRM.
  • Oversee the assessment of key Solvency ratios and sensitivities / risk drivers.
  • Oversee the assessment of the sensitivities / financial risk drivers to the strategic business plan.
  • Monitor and report on the key risk indicators of Financial Risk, investigating any unusual trends.
  • Participate in various first line committees/working groups such as Product Implementation, underwriting and claims, persistency and other decision-making committees/projects.
  • Update the risk committee on the key financial risks and financial risk appetite on a quarterly basis.


Minimum requirements: (Qualifications and Experience)
  • A degree in Finance, Economics, Financial Engineering, Actuarial, Mathematics or other related fields.
  • Qualified actuary is preferable
  • Minimum of 7 years experiences in life insurance involving product development / pricing, experience studies, reinsurance, or financial reporting.
  • Experience and knowledge in Economic Capital, EEV, IFRS and risk management.
  • Strong analytical and problem-solving skills.
  • Requires excellent communication, and influencing skills, being able to articulate complex technical issues in clear and concise manner.
  • Able to effectively work independently as well as in a team.
  • Strong command in both written and spoken English.


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.
ref: (24020185)
Applied = 0
Back to search results