Job Purpose
As part of the Financial Risk Management team within Group Risk Management, you will be part of the team responsible for developing and implementing models used for managing various financial risks of the Group. This role will provide you with on the job exposure to financial risk management within Great Eastern, which is the largest insurer in the Singapore market.
The Job
- Develop and implement Stochastic Asset and Liability Management (“ALM”) models for various risk related analysis such as solvency management and strategic asset allocations;
- Calibrate real world as well as risk neutral models (interest rates, credits, equities etc.) and generate stochastic economic scenarios for risk and valuation purposes;
- Build and streamline limits monitoring tools including the automation of derivatives and limits reports.
- Assist in the implementation of risk analytics platform such as MSCI and other enterprise business intelligence tools for risk management purposes;
- Ad hoc financial risk management assignments.
- Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
- Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
- Highlights any potential concerns /risks and proactively shares best risk management practices.
Our Requirements
- At least 7 years of relevant experience in quantitative model development, risk analytics, financial risk management or other similar fields in a financial institution;
- Good university degree in a quantitative discipline (e.g. Physics, Mathematics, Statistics, Actuarial Science, Financial Engineering etc.) with a strong ability of handling data and performing quantitative analysis;
- Familiar with the main risk drivers and valuation of various financial instruments including derivatives using Monte Carlo and other numerical methods;
- Knowledge of life/general insurance and machine learning models is a plus;
- Proficient in commonly used programming languages such as Python, R and SQL; and
- Strong team player with good written and verbal communication skills.
- High level of integrity, takes accountability of work and good attitude over teamwork.
- Takes initiative to improve current state of things and adaptable to embrace new changes.
About Great Eastern
Established in 1908, Great Eastern places customers at the heart of everything we do. Our legacy extends beyond our products and services to our culture, which is defined by our core values and how we work. As champions of Integrity, Initiative and Involvement, our core values act as a compass, guiding and inspiring us to embrace the behaviours associated with each value, upholding our promise to our customers - to continue doing our best for them in a sustainable manner.
We work collaboratively with our stakeholders to look for candidates who exhibit or have the potential to embrace our core values and associated behaviours, as these are the key traits that we expect from our employees as they develop their careers with us.
We embrace inclusivity, giving all employees an equal opportunity to shine and play their role in exploring possibilities to deliver innovative insurance solutions.
Since 2018, Great Eastern has been a signatory to the United Nations (UN) Principles of Sustainable Insurance. Our sustainability approach around environmental, social, and governance (ESG) considerations play a key role in every business decision we make. We are committed to being a sustainability-driven company to achieve a low-carbon economy by managing the environmental footprint of our operations and incorporating ESG considerations in our investment portfolios; improving people’s lives by actively helping customers live healthier, better and longer; and drive responsible business practices through material ESG risk management.
To all recruitment agencies: Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.
