Manager ALM & Investment

  • 35010
  • Life - Actuarial
  • |
  • Hong Kong
  • |
  • Apr 1, 2019
  • Ensure an appropriate balance of assets and liabilities, in line with the applicable risk appetites and regulatory constraints.
  • Ensure ALM risk monitoring and governance are properly managed.
  • Enforcement of ALM policies, standards and methodologies; adapt and enforce those policies/standards.
  • Ensure all new products launched have an appropriate asset allocation strategy, and provide advice to the Pricing and Product teams on the ALM-friendliness of the product features.
  • Perform regular inforce SAA study of the company, and review inforce SAA study result.
  • Develop ALM capabilities to build-up local ownership.
  • Lead and engage with local entities on ad-hoc investment / ALM initiatives.
  • Support entities on investment solutions: especially based on derivatives.
  • Participate in the Investment Committee to present ALM/SAA proposal and monitoring reports to the senior management. Participate in the other local Investment Committee to discuss significant ALM matters.
  • Support the Head of ALM and Investment Monitoring on:
  • The oversight and review of Investment Monitoring activities across Asia Markets.
  • Direct management and production of the day-to-day Investment Monitoring activities/tasks in the company.
  • Monitor and report the following key investment matters of the company:
  • Asset allocation, in particular against the strategic asset allocation target and tactical asset allocation leeway,
  • Investment performance, both in terms of net investment income, realized gain/losses and total return,
  • Risk, risk exposure and liquidity of the investment portfolio of the company,
  • Investment Plan, keep track of the delivery of actual investment transaction against the investment plan, in terms of both volume and achievable yields, and oversees such monitoring activities in AMO.
  • Be involved in the strategic planning exercise for both AMO and the company, in particular to work with the Actuarial team to perform the net investment income and unrealized gain/losses projection.
  • Supervise the junior staff of the team to gather market and portfolio data to support the reporting activities in Actuarial and Finance team.
  • Support the design, implementation and enhancement of operating models, processes and tools for investment reporting, projection and data management.
  • When be assigned, as the key contact points with Group and/or IT to implement and maintain various investment and ALM related-IT system of the company. Moreover, to discuss with the other AMO entities on the investment and ALM systems that fit their needs and assist the implementation of such systems in the AMO entities.
  • Support investment-related internal control and compliance activities, and ensure the investment activities are aligned with standards and policies.
  • Around 6-8 years’ experience, gained in life insurance firms, or reinsurer with strong ALM focus, or consulting firms or banks/asset managers that covers life insurance companies; and covering actuarial or financial engineering field.
  • Knowledge of Asia’s Life products and insurance regulations is a significant plus.
  • Strong background of ALM principles/methods.
  • In-depth knowledge and experience of real world and risk neutral economic scenario stochastic process and/or actuarial asset-liability models.
  • Strong understanding of capital, profit, value and liquidity measures.
  • Good financial skills including derivatives and hedging techniques. Experience in investment management is a plus but not necessary.
  • Good communications and inter-personal skills. Good English communication skills required.