Financial Risk Management

PT AIA Financial; Jakarta Utara; On-site; IDR 200.000.000 - 300.000.000; Full time

Job summary

A financial services company in Indonesia is seeking a Financial Risk Management Officer. This role involves overseeing product governance and financial risk reporting while ensuring compliance with internal standards. Ideal candidates should have experience in financial risk management and strong analytical skills. The position offers an opportunity for career growth while contributing significantly to the organization’s goals of creating a healthier society.

Qualifications

• Experience in financial risk management and product governance.
• Strong analytical skills for financial reporting and risk assessment.
• Ability to collaborate with cross-functional teams.

Responsibilities

• Oversee product governance and financial risk reporting.
• Conduct risk assessment and ensure compliance with group standards.
• Prepare financial risk reports and regulatory submissions.

Skills

Risk management oversight

Financial analysis

Communication

Regulatory reporting

Job description

At AIA we’ve started an exciting movement to create a healthier, more sustainable future for everyone.

It’s about finding new ways to not only better people’s lives, but to better the communities and environments we live in. Encompassing our ambition of helping a billion people live Healthier, Longer, Better Lives by 2030.

And to get there, we need ambitious people who believe in playing an important part in shaping that future. People seeking unmatched career and personal growth opportunities, who are driven to work with, and learn from some of the most inspiring and supportive leaders in the business.

Sound like you? Then read on.

About the Role

Responsible for supporting the financial risk management lead in overseeing product governance, reinsurance governance, and financial risk reporting.

PRODUCT GOVERNANCE

• Risk oversight for new/revamp product including campaigns to ensure alignment with Group Product Standard for Individual Product, Credit Life Business and Corporate Solution
• Engage with 1st line (Product team, Actuarial Pricing) to understand the key risks (financial and operational) associated with the product features and benefits.
• Facilitate the discussion with other related teams that are impacted for Product Development, e.g., Channel, Operations, IT, Legal & Compliance.
• Prepare independent risk assessment paper for AAMP system and ensure the internal approvals are obtained before product launch.
• Engage with Group Risk where necessary on Product-related matters
• Prepare proposals with the Head of ERM to liaise with Group on legal entity and product AAMP
• Maintain ERM portal and AIAF ERM section of the Group risk portal

REINSURANCE GOVERNANCE

• Risk oversight for new RI arrangement to ensure alignment with the requirement set out in the Group Standard (RI Standard, RI Pricing Standard, RI Documentation Standard)
• Liaise with local RI team to understand key risks associated with the RI arrangement (both financial and operational)
• Engage with Group Risk where necessary on RI-related matters.

REGULAR REPORTING (FINANCIAL RISK RELATED)

• Quarterly Financial Risk Reporting to Group FRC – Oversight on the key financial risks, analytical support and understanding of the movement including the impact to the AIAF’s business on the following aspects:
  • Interest Rate Risk (duration gap and DV100)
  • Liquidity Risk
  • FX Risk
  • Capital Stress Test
  • Investment-related risk (Credit Risk, Equity Risk)
• Quarterly ERC reporting (Financial Risk part) - Deck Preparation for ERC meeting – leverage from quarterly FRC report
• Monthly ROC meeting deck (Supporting file for Financial Risk Monitoring):
  • RBC movement analysis
  • Asset Yield Movement
• ORSA Reporting to Group Risk
• Regulatory Reporting (Laporan TKS):
  • Prepare the report, update the excel working, APOLO submission for the Conventional & Sharia business.
  • Liaise with other ERM team member for DPLK.

INSURANCE RISK

• Collect and analyse incident data in the area of insurance risk for process improvement

MANAGEMENT OF KEY RISKS

• To support FinRisk Lead in developing risk policies and procedures in the above areas that are consistent with risk appetite and the Group’s policies

Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.

You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.

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