Manager, Risk Management

  • 34374
  • Life - Actuarial
  • |
  • Singapore
  • |
  • Oct 31, 2018
Insurance
RESPONSIBILITIES
  • Ensure the company’s Life and Health Insurance Risk Management Standards, Policies and Framework, are established and followed accordingly with appropriate adoption to the operating condition, if needed.
  • Support Local Audit, Risk and Compliance Committee on key risk reporting as well as life and health insurance risk related matter, both technically and logistically.
  • Establish and ensure an effective 2nd Line of Defense on life and health insurance risk management by providing technical 2nd opinion on:
  • Underwriting practice and reinsurance arrangement.
  • Best estimate insurance assumptions in MCEV, NBV, IFRS and Statutory Reserving.
  • Reserving processes including reporting standards, data quality controls and model governance.
  • Appropriate risks are identified in new product development and technical pricing as well as facilitate the relevant risk controls and mitigation plans to be put in place.
  • Strategic Plan to be consistent with the risk appetite and within the risk boundaries defined by the Board.
  • Review and validate reinsurance strategies, analysis of retention limits, catastrophe reinsurance capacity, maximum retained exposure per life, etc.
  • Facilitate the development and implementation of Risk Appetite Framework as well as relevant risk limits and monitoring by engaging in more technical discussions at working level, if needed.
  • Support Chief Risk and Compliance Officer to prepare statutory ORSA report and address MAS‘ queries, if needed.
  • Drive a sound risk culture, promoting open discussion within the business, debate and challenge across functional units. Independent peer review as a norm with regard to critical reports and decisions as well as proactive management of life risks and issues.
  • Work closely and collectively with functional units to support management in ensuring their risks are identified, assessed, reported and managed.
QUALIFICATIONS
  • Degree in Actuarial / Accounting / Finance / Science.
  • More than 8 years’ experience in the insurance industry. In addition, having working experiences in Actuarial, Risk Management, Internal Audit, External Audit or MAS is preferred.
  • Good financial and business analytical skills.
  • Excellent organizational, interpersonal and communication skills.
  • Strong stakeholder management skills.
  • Team player with drive and initiative.
  • High degree of integrity and accountability.
  • Excellent proficiency in verbal and written English.