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Senior Manager, Insurance Risk
Ref No.: 18-00087
Location: Wanchai, Hong Kong
Senior Manager, Product Risk

Key Responsibilities
  • Perform risk assessments on escalated new and non-standard insurance products, reinsurance arrangements and underwriting proposals.
  • Assess escalated proposals for quality and completeness, providing timely and constructive feedback.
  • For escalated issues, work with local risk officers to develop risk mitigation strategies which are practical and commercially sound, having regard to the specific detail of the product/ arrangement/ proposal.
  • Identify the appropriate governance path for handling AAMP's and any other insurance risk issues escalated by local teams. Proactively steer insurance and reinsurance AAMP's through the required stakeholder and governance steps, with close follow-up to ensure timely turnaround by diverse stakeholders.
  • Develop and/or review guidance notes, templates and other governance "tools” produced by Group Risk and/or Group Actuarial to support Product and Reinsurance processes in local teams.
  • Compile, review and provide expert commentary on insurance risk metrics and watchlists, working to the standard of reliability and clarity which is required for submissions to the Group Financial Risk Committee.
  • Upon request, research and propose new or revised Insurance Risk metrics for local and/or Group-level reporting
  • Supervise the analysis underlying the review of insurance shocks to be used in stress-testing and economic capital generation. Propose stress assumptions to the Head of Insurance Risk.

Requirements
  • Minimum 5 years' actuarial experience in a life insurer/reinsurer
  • Significant practical experience in the fields of life insurance/reinsurance product development and pricing
  • Fellowship in a recognized international actuarial professional body
  • Assertive, self-motivated and customer-orientated
  • Sound problem solving and decision-making skills
  • Strong leadership skills with the confidence to challenge consensus views
  • Good communications and interpersonal skills
  • Time management skills
  • Strategic planning skills
  • Computer literate in MS Office