Chubb Life HK- Senior Manager, Risk Management

We are seeking a detailed-orientated, dynamic & self-driven Risk Manager with strong analytical and investigation skills, business acumen and a solution(s) driven personality to join our Risk Management Team.

This role is in charge of the enterprise risk management (ERM) program of Chubb Life Insurance Hong Kong Limited (as Chubb or the Company) including ERM / Risk external and internal reporting such as Own Risk and Solvency Assessment (ORSA) report and day-to-day risk operations. This role directly reports to Head of Risk of the Company and also provides support to other risk management areas such as Financial Risk Management (FRM) and Operational Risk Management (ORM) required under Hong Kong Risk Based Capital (HKRBC).

Under the direction of Head of Risk, the responsibilities of the role are to

• Ensure the Chubb’s Life Enterprise Risk Standards, policies and frameworks, are established and followed in accordance with Chubb’s evolving business and operating conditions, with appropriate adaptation if needed
• Lead and perform ERM work, internal and external reporting, an work and matters to establish and identify enhancement opportunities of FRM / ERM program (in parallel to internal or external changes such regulatory changes), and ensure continuing an effective second line of defence by providing technical second opinions and preparing analyses / reports in areas such as :
• Support Head of Risk in Financial Risk and Operational Risk areas, including :
• Ensure the maintenance and continuous development of the Risk Appetite Framework, including annual review, determination and periodic assessment on risk limits.
• Ensure that comprehensive risk profiles are prepared and maintained through close collaboration with business functions such as Investment, Finance, Product, Operations, Compliance, Legal, Marketing and Actuarial team. Provide necessary support for the annual risk assessment process centrally organized by risk department.
• Drive communication and awareness on the risk governance. Appropriately challenge the first line to ensure adequate consideration in key risks and financial metrics, customer value, fair treatment of customers, conduct, and business / channel monitoring mix.
• Lead ERM program and the delivery of internal and external reporting requirements under the responsibilities of the local risk management team such as :
• Prepare ORSA report, and all other risk related reporting including regulatory, group / regional, business requests and rating agency etc. ); and
• Develop risk plan and keep track of all planned actions, risk related regulations, follow up queries, and ensure timely and effective responses to all requests and deliverables by the Risk Function.
• Setting / enhancing governance procedures and providing reviews, including those in relation to various business initiatives;
• Operational Incidents investigation; and
• Maintaining risk limits and other risk monitoring program.
• Support the Head of Risk in managing the group reporting, and local reporting to management team, risk committee and the board of the Company; and facilitate the responses to internal / external queries such as regulators; and
• Lead the ORSA program and reporting, and relevant risk framework and policies under direction of Head of Risk.
• Collaborate with various functions to foster a risk-aware culture.
• Coach and guide junior team member in risk management practices to enhance the team performance.
• University graduate with major in actuarial, mathematics, statistics, risk management or finance & accounting.
• Candidate should have at least 10 years of risk related working experience, and the majority of experience should be from Life Insurance, including commercial, regulators or Big 4 professional experiences in ERM / risk management or its relevant areas.
• Experience in ORSA reporting and ERM program is a must.
• Previous working experience with regulators or investigation / audit is a plus.
• In-depth understanding of risk management framework, internal controls, analytics and etc, including full cycle of risk processes, . risk assessments and internal / external reporting.
• Strong analytical, investigation and problem-solving skills.
• Adaptable, personable and will thrive in a dynamic work environment.
• Independent, solutions-oriented, approachable and highly organized.
• Excellent communication, interpersonal and presentation skills :
• Essential with an ability to translate complex or technical areas into common languages, and report or present the risk matters in a highly summarized format to the local and global management team and the board, especially to those who is not specialized in technical or actuarial areas, or local knowledge;
• Essential with working experience in drafting and preparing written reports in risk related areas, and preferably with past experience in drafting ORSA reports under HKRBC or Solvency II; and
• Preferrable with working experience in participating in various governance committees, such as Board and risk committee, operations committee etc.
• Excellent command of spoken and written English and Chinese languages.