Responsibilities
Perform financial risk management (60%)
- Conductprehensive risk assessments on product, reinsurance and capital related initiatives, identifying potential risks and evaluating their potential impact on thepany.
- Monitor and analyse the risks associated with thepany's insurance portfolio, and ensure the effectiveness of the risk mitigating actions andpliance with internal policies, standards and regulatory guidelines.
- Support the identification, mitigation and monitoring of key risks during business / strategic planning.
- Contribute to the oversight of actuarial assumptions, reserving methodologies, and dividend declarations, ensuring alignment with risk management principles.
- Collaborate closely with Group Risk to develop and smoothly implement robust risk management strategies and frameworks related to financial risks that are aligned with thepany's risk appetite and regulatory requirements.
- Provide guidance and support to key stakeholders on risk-related matters, offering insights and actionable strategies to mitigate risks.
- Stay up to date on industry trends, regulatory developments, and best practices in risk management, proactively influencing and facilitating necessary adjustments to risk management policies, standards and procedures.
- Contribute to the development and enhancement of risk management tools and methodologies, leveraging advanced analytics and technology to improve risk assessment capabilities.
- Provide a risk perspective on the capital strategy and deployment throughout the Group.
Reporting and Monitoring (as second line of defence) (30%)
Support the delivery of the Own Risk and Solvency Assessment reporting to regulator.Provide support in preparing materials for relevantmittee meetings, including the Financial Riskmittee and Product Developmentmittee.Facilitate regular risk reporting submission to Group Office, riskmittees, board and escalation of key risks to management.Monitor adherence of risk tolerances and risk limits.Engagement in other business initiatives & promote effective risk management culture (10%)
Support the enterprise risk management framework.Provide independent advice to the business based on the nature and extent ofpany's risk exposure.Foster effective relationships with relevant stakeholders, actively engaging with the stakeholders to facilitate risk-related discussions and provide holistic, independent, and constructive risk advice.Performs other responsibilities and duties periodically assigned by supervisor to meet other requirements.Minimum Job Requirements :
University graduate with minimum 12 years relevant experienceQualified ActuaryStrong problem-solving, analytical skills, effectivemunication and interpersonal skillsDetail-oriented and highly organized, with the ability to manage multiple priorities and meet deadlines in a fast-paced environmentDeveloped financial acumen and business orientationGood understanding and application of HK RBC and IFRS 17 / 9 will be an advantagefortable to give constructive challenge on key initiatives and projects and provide an independent assessmentAbility tomunicate the financial risk matters with senior management effectivelyOthers :
You are required to obtain relevant license if your job involves in regulated activitiesBuild a career with us as we help our customers and themunity live Healthier, Longer, Better Lives.
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Job ID JR-59458