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Director, Portfolio Management and Governance

Director, Portfolio Management and Governance

Prudential plcHong Kong
14 days ago
Job 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.

Support the Group Chief Product Officer (GCPO) to build out the Group Product Function, focusing on portfolio management and governance, process enhancements and product strategy.

Responsibilities

Target Operating Model :

  • Support the Group Chief Product Officer (GCPO) to build and maintain the Product COE at the Group level by establishing an operating model and developing the Group Product Function
  • Work closely with and support the GCPO as well as Local Business Units (LBUs) to develop and standardise the target operating model for product functions across Local Business Units
  • Support the establishment of a Product Community of Practice, work closely with LBUs’ product functions on product proposition and idea sharing

Portfolio Management :

  • Conduct regular LBUs portfolio review, evaluate margin uplift / OFSG / cash profile improvement, to drive on-going portfolio management, rationalisation and optimisation; these also include identification of non-value adding products and funds to discontinue on an ongoing basis, as well as providing recommendation of management action where appropriate
  • Work closely and integrate with various Group stakeholders such as Group Finance, Group Risk and Group Health, into the current in-force management process for active maintenance and optimisation of product portfolio
  • Conduct product post-implementation review, evaluate product performance and ensure the implemented products meet customer needs and our business objectives; also identify areas of improvement, recommend and drive product enhancement as well as day-2 items implementation as needed
  • Work with various Group stakeholders on optimisation for product metrics

    • Product Governance

  • Review LBUs’ product development, management and governance processes such as their product functions setup, product committee structure, product related standards and frameworks, then identify gaps and drive corresponding enhancement as well as regular update
  • Provide product governance and product development process best practice sharing

    • Process improvements and speed to market :

  • Support the GCPO and work with Group and LBU stakeholders on cross-functional projects to improve our internal process where appropriate as well as to reduce time and effort to product launch
  • Support the GCPO on development of in-house capabilities on product assumptions
  • Provide supports on product development process to LBUs as needed

    • Product Strategy :

  • Support the GCPO to work closely with various stakeholders, such as Group Customer Proposition, Group Investment, Group Risk, internal and external reinsurers, consultants, to drive product innovation and Group product strategy execution
  • Support the GCPO on integrating the Group Product Function into the Business Plan process; review LBUs’ Product Strategy and Product Plans, identify opportunities and work with the GCPO and LBUs to drive strategic enhancement

    • Requirements

  • Qualified actuary with several years of post-qualification experience
  • Extensive experience in life insurance products across multiple product categories as well as markets relevant to Prudential
  • Enthusiasm for advancing the product function, improving the status quo in markets and bringing new ideas to the Group.
  • Organised, analytical and logical thinker
  • Ability to pay close attention to detail and apply critical thinking and judgment, as well as ability to stand back and consider the big picture.
  • Strong interpersonal and communication skills, with an ability to build effective relationships and liaise and communicate effectively with stakeholders. Work collaboratively to support business units and Group functions.
  • Ability to work under pressure, flexible deal with workloads, priorities and deadlines
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    Portfolio Management • Hong Kong