Job Purpose
As part of the Financial Risk Management (FRM) team within Group Risk Management, you will be responsible for the formulation of the Group’s and entities’ risk management policies and strategies relating to Asset-Liability Management, Liquidity Risk Management and Solvency.
Being an experienced member of the team, you will be expected to form independent risk views, critically challenge risk assessments, perform quantitative analysis and recommend solutions.
The Job
- Formulate and review of the Group's and entities' Risk Appetite such as the Internal Target Capital Level and Risk Budgets that govern the Group’s and entities’ risk-taking activities.
- Formulate and review the Group risk management policies relating to Asset-Liability Management (“ALM”), Liquidity Risk Management and Solvency Stress / Sensitivity Testing.
- Define methodology and perform independent risk analyses relating to ALM such as overall fund-level duration gap and key rate duration analysis, and GE’s liquidity position.
- Perform solvency-related analysis to guide decision-making and hedging strategies relating to financial risks using the Stochastic Asset-Liability Model and other FRM tools.
- Monitor and report financial risks of the Group to Group Asset-Liability Committee and Board Risk Management Committee including preparation of the Group Financial Risk Dashboard.
- Conduct and coordinate assessments of the Group’s and entities’ enterprise risk profile for the Group’s Own Risk and Solvency Assessment (“ORSA”) including taking into account emerging financial risk that could affect the Group and the appropriate action plans.
- Oversee the Group-wide internal stress testing as part of ORSA and IWST. This includes coordinating with various stakeholders in the preparation of the stress testing results, review accuracy of results and present the results to supervisors.
- Provide support and advice to entities to adopt risk management strategies relating to ALM, Liquidity and Solvency that are consistent with Group policies and requirements.
- Perform any ad-hoc 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 5 years of working experience in an Actuarial or Financial Risk Management related roles;
- Degree in Actuarial Science, Financial Engineering, Mathematics or Statistics. Qualified or near-qualified actuaries are preferred.
- Well-versed in Singapore Risk-Based Capital (“RBC”) Framework. Knowledge in Malaysia RBC and Indonesia RBC would be a plus.
- Strong analytical skills and dynamics;
- Excellent interpersonal and communication skills;
- Prior experience in of VBA, Python and SQL will be an advantage.
- 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.
