Risk Management Assistant Manager

RESPONSIBILITIES:

• Partner with the Business to check and verify that they comply with all regulatory requirements on governance and reporting;
• Support Risk Management Committee in carrying out its responsibilities;
• Ensure prompt assessment and detection of all risks that may adversely affect the company’s operation efficiency and objectives; and promptly report to the company’s competent person / division (i.e., the General Director and the Board) for taking appropriate measures / remedies;
• Work closely with the Head of Risk Management Regional Office (Asia) to ensure global risk policies and operating models are appropriately localized and implemented. It includes appropriate risk limit setting and institutionalizing Risk Appetite Statement (RAS) for the Country;
• Partner with Investment, Finance, Product, and Actuarial team to manage financial risks that cover: credit, interest rate, equity, liquidity, insurance and product risks;
• Implement integrated operational risk management framework, including regular update and track of Enterprise Risk and Control Self - Assessment (RCSA) process, top risk and top emerging risk identification and mitigation, implementation of appropriate risk management systems and loss event database;
• Develop country risk reporting / dashboard; timely communicate / escalate risk events, issues, and compliance with risk policies and limits (including RAS) to key stakeholders in the country and in the region.
• Undertakes other duties as may be reasonably requested by Company’s Management and Regional office.

REQUIREMENTS:

• Bachelor or post-graduate diploma required;
• Minimum of 5 years of work experience in relevant functional areas in the field of finance, banking or insurance, with in-depth and hands on exposure to the life insurance business are required;
• A broad understanding of life insurance business in the areas of financial and operational risk management, underwriting and pricing, treasury and liquidity, internal control and compliance;
• Required competencies and skills:
  • Champions change
  • Builds relationships
  • Uses sound business judgment
  • Planning and Organizational skills
  • Project management skills
  • Communication skills
  • Team building skills
  • Leadership skills
• Fluency in speaking and writing, with ability to make a professional presentation in English is required.
• Attainment of professional designations such as FRM, FSA, CFA, CPA, CERA, etc. will be a plus.
• Other general requirements applicable to every manager or executive of an insurance enterprise under applicable regulatory guidelines.