Financial Risk Management

FIND YOUR 'BETTER' AT AIAWe don’t simply believe in being ‘The Best’. We believe in better - because there’s no limit to how far ‘better’ can take us.We believe in empowering every one of our people to find their 'better' - in the work they do, the career they build, the life they live and the difference they make. So that together we can support even more people - including our own - to live Healthier, Longer, Better Lives.If you believe in better, we’d love to hear from you.About the RoleAssist Financial Risk Management Lead in identifying, assessing, mitigating and monitoring the financial & insurance risk areas while ensuring the effective risk management implementation and risk governance.Key Roles & Responsibilities:RISK OVERSIGHT / ADVISORYPrepare risk assessment paper providing analysis and independent view from risk perspective on various financial & insurance risk related areas: Product & Pricing, Insurance & Reinsurance Risk, Market & ALM risk including Strategic Asset Allocation, Liquidity risk, Credit risk, Channel compensationWork closely and facilitate the discussion with all relevant team(s), e.g., actuarial, finance, investment product, distribution channel, operations, IT, Legal & Compliance to have better understanding on the issues and resolve effectivelyEngage with respective Group Risk colleague(s) whenever necessaryRISK REPORTING Prepare Financial Risk Reporting to Group FRC – providing summary and insights of key financial risk exposures, supported by analytical and business understanding while measuring the risk impact to the overall Company the following aspects: Insurance risk Interest Rate Risk (duration gap, DV100), Liquidity Risk, FX riskConducting Stress Test: Solvency, Liquidity Adequacy, Earnings align with the Group Risk Policy / FrameworkRisk Reporting for Local Risk Committee: Prepare the deck summarizing risk analysis for Executive Risk Committee Meeting and Risk Oversight Committee Meeting Deck on the area of financial, product and insurance/reinsurance riskRisk Reporting to Group: Prepare annual ORSA (Own Risk and Solvency Assessment) report align with the Group requirementRegulatory Reporting: Annual OJK Soundness Report (Laporan TKS)Prepare the report, update the excel working, APOLO submission for the Conventional & Sharia business.Liaise with ERM team members for DPLK and Syariah Risk ReportingRISK GOVERNANCEEnsure full compliance with both Regulatory and Group requirement for financial, insurance and product risk related areasFully utilize AAMP system to ensure all necessary approvals are obtained and stored in the system in timely mannerSupport and assist Financial Risk Lead in developing/establishing risk policies/standard, guidelines/procedures align with AIA risk appetite and frameworkJob Requirements:Minimum bachelor’s degree in mathematics/Statistic/Finance/Economics/Engineering or related field with at least 5 years’ experience in life insurance with actuarial background (Fully qualified actuary would be a plus)Strong analytical and quantitative skills, deep knowledge of insurance and financial markets, regulatory frameworks and experience with statistical analysis and able demonstrate a high-quality deliveryCritical thinking, problem-solving, good & effective communication skills. Generally curious, actively ask questions and challenge while approaching issues in a positive way, seeking for solution and highly responsible for getting things resolved