Director of SAA & ALM – 29675

Emerald Group; Hong Kong; On-site; HKD 900,000 - 1,500,000; Full time

Job summary

Emerald Group in Hong Kong seeks a senior strategist to lead the Group Strategic Asset Allocation framework, collaborating with Finance, Investment, Risk and Asset Management to design long-term investment solutions for policyholder commitments.

You will advance hedging, liquidity, funding sustainability and capital efficiency through derivative strategies and governance reporting to the Group CFO and committees.

Qualifications

• Bachelor’s degree in finance, economics, actuarial science, mathematics or related field is expected.
• Minimum 15 years’ experience in institutional investment strategy, actuarial investment management or balance sheet strategy with strong understanding of Investments, Markets, Capital and Risk.
• Deep technical expertise in insurance capital regimes (e.g., RBC, ICs), IFRS17 accounting and derivative-based hedging strategies.

Responsibilities

• Oversee SAA reviews for all markets.
• Identify and lead initiatives embedding the SAA framework into LBUs.
• Produce strategic insights and materials for the Chief Capital Officer, Group CFO and relevant Group committees on SAA.
• Design and work with Investment Management to execute derivative hedging strategies for ALM and risk management.
• Identify portfolio-level performance issues, risk exposures and optimization opportunities.
• Ensure implementation of a purpose-driven investment strategy supporting liabilities and long-term commitments.

Skills

Investment strategy

Risk management

Derivatives hedging

Stakeholder communication

Actuarial knowledge

Education

Bachelor’s degree in finance or related field

Actuarial Fellowship or CFA designation (advantageous)

Job description

This role leads key components of the Group Strategic Asset Allocation (SAA) framework, collaborates closely with business units on portfolio design and liability-driven investment strategies, and drives enhancements in liquidity, funding sustainability, hedging, remittances and capital efficiency.

• Location: Hong Kong
• Category: International
• Type: Permanent

Key Responsibilities (including but not limited to):

• Oversee SAA reviews for all markets
• Identify and lead initiatives in embedding the SAA framework into LBUs
• Produce strategic insights and materials for the Chief Capital Officer, Group CFO and relevant Group committees specifically in relation to SAA
• Design and work with the Investment Management function to execute derivative hedging strategies for ALM and risk management
• Identify portfolio level performance issues, risk exposures, and optimization opportunities
• Ensure implementation of a purpose driven investment strategy that supports the liability structure and long-term policyholder commitments
• Bachelor’s degree in finance, Economics, Actuarial Science, Mathematics, or a related field; advanced professional credentials such as Actuarial Fellowship or CFA designation are highly advantageous
• Minimum 15 years’ experience in roles related to institutional investment strategy, actuarial investment management or balance sheet strategy with direct involvement in and strong understanding of Investments, Markets, Capital and Risk
• Deep technical expertise in insurance capital regimes (e.g., RBC, ICs), IFRS17 accounting, and derivative based hedging strategies
• Solid track record in developing investment solutions for long term institutional investors and working closely with Finance, Investment, Risk, and Asset Management partner