Assistant Manager, Financial Risk & Hedging Solutions

Transamerica (TLB); Hong Kong; On-site; HKD 1,200,000 - 1,600,000; Full time

Job summary

Financeroles is seeking an experienced ALM Analyst to support strategy development, hedging operations, and reporting across regulatory and internal frameworks. You will help manage asset/liability risks and contribute to Economic Capital analyses.

The role emphasizes collaboration with governance committees and requires strong English communication, actuarial knowledge, and programming capability in Excel VBA.

Qualifications

• Strong English communication skills (written and verbal).
• High attention to detail and ability to work independently.
• Experience in life insurance risk management or ALM is advantageous.
• Proficiency with actuarial software such as RAFM or MoSes is preferred.

Responsibilities

• Support analysis and decision-making for ALM strategy, including asset/liability duration matching and Economic Capital management.
• Assist with ALM-related Economic Capital management and reporting.
• Support FRM reporting and analysis, including investment and underwriting risks.
• Develop and maintain ALM dashboards and reports to enhance process efficiencies.

Skills

English communication

Attention to detail

Independent working

Strategic thinking

Education

Bachelor’s degree in Actuarial Science, Mathematics, or related discipline

Tools

RAFM

MoSes

Excel VBA

Job description

Job Description Summary

The key result indicators for this role are:

• Support the development and implementation of ALM strategy, including derivative-based hedge programs
• Develop new and maintain existing ALM tools and reports
• Assist with ALM-related Economic Capital management and reporting
• Assist with Financial Risk Management (FRM) reporting and analysis (including investment risks and underwriting risks)

Job Description

Job Description:

• Support analysis and decision-making for ALM strategy and initiatives, including strategic asset allocation and investment strategy, interest rate risk management (e.g., asset/liability duration matching, key rate duration analysis, Economic Capital management), and risk tolerance and limit setting.
• Provide ALM support for new product development activities.
• Support derivative-based hedging activities, including day-to-day operations (e.g., collateral management) and performance monitoring. Enhance process efficiencies.
• Support activities for the Asset/Liability Management & Investment Committee, the Risk & Capital Committee, and the Board of Directors.
• Develop new and maintain existing ALM dashboards and reports. Enhance process efficiencies.
• Develop a good understanding of different reporting bases (HK/Singapore/Bermuda regulatory and internal Economic Framework).
• Support FRM related reporting and analysis
• Review liquidity testing and support liquidity model enhancements
• Support business planning and other ad hoc projects related to ALM and capital management.

Job Requirements:

• Bachelor’s degree in Actuarial Science, Mathematics, or a related discipline
• 5–7 years of relevant experience in the life insurance industry
• Strong English communication skills (written and verbal)
• Solid knowledge of life insurance products, financial risk management, and risk-based capital frameworks
• Programming capability, particularly Excel VBA; experience with actuarial software (e.g. RAFM, MoSes) is an advantage
• Understanding of ALM, market-consistent valuation, and derivatives used for hedging (interest rate and equity)
• High attention to detail, with the ability to work independently and navigate ambiguity
• Adaptable and influential, able to think innovatively and persuade stakeholders in a changing environment

Equal Opportunity Employer

Aegon Asia provides equal employment opportunities for employees and applicants throughout the employment life cycle, including recruitment and selection, promotions, transfers, training and development, compensation and benefits, performance management, disciplinary procedures, Company-sponsored social and recreational programs and termination. No one will be discriminated against because of race, color, religion, sex, age, national origin, sexual orientation, gender identity, pregnancy, family circumstances, physical or mental disability, marital status, participation in the uniformed armed services or any other status protected by law.