Regional Risk Manager

  • 35826
  • Life - Actuarial
  • |
  • Hong Kong
  • |
  • Sep 13, 2019
  • Risk review of new product proposals including product features, assumptions, financial performance, risk exposure / appetite and the capital implications. Liaise, influence and propose to the key stakeholders in business units and regional teams, any possible changes in the product design or policyholder communication to achieve a better risk and return trade-off. The main categories of products to be covered include participating, unit-linked and health & protection products.
  • Identify, monitor and report Insurance risks across select Asian business units in conjunction with the local risk teams. Manage the risk register for Insurance risks including tracking MI for the select business units and follow up on action items for reporting to the Regional Risk Committees.
  • Participate in the annual risk identification exercise to identify and assess the key risks in Asia and support the various Committees to oversee the Solvency II Internal Model in line with Group policies and operating standards.
  • Support Risk based decision making for key activities like Product development, reinsurance, business planning and M&A deals.
  • Contribute to the delivery of the Group Risk Development plan. Areas of input include development and implementation of a risk appetite framework, embedding Solvency II Use test with emphasis on economic way of doing business. Participate in tailoring the group level plan to be fit for purpose for businesses.
  • Support the implementation and compliance of the Asia Financial Risk Management framework, policies and guidance, consistent with Group frameworks and policies.
  • Conduct thematic insurance risk deep dives.
  • Lead and coordinate the Group Risk Appetite exercises, including the projection in the business planning cycle, and the continuous monitoring throughout the year.
  • Degree holder with professional actuarial qualifications such as FSA, FIA or equivalence.
  • Minimum 5 years of relevant working experience in insurance industry.
  • Solid actuarial knowledge and experience in risk management, product management.
  • Strong technical, analytical and problem solving skills.
  • Strong communication, presentation and influencing skills.
  • Effective command of English, both spoken and written.