Financial Risk Senior Manager

FWD Life Insurance Corporation; Taguig; On-site; PHP 1,200,000 - 2,400,000; Full time

Job summary

FWD Life Insurance Corporation in Metro Manila is seeking an accomplished risk leader to oversee comprehensive risk management across insurance, market, credit, and ALM domains. The role drives governance, reporting, and strategic risk insights for executive leadership.

The position emphasizes leading ORSA and regulatory assessments, shaping risk appetite, and building a strong risk culture, while partnering with actuarial and finance teams on capital, solvency, and product risk considerations.

Qualifications

• Bachelor degree in Mathematics, Statistics, Actuarial Science or Risk Management.
• 10-15 years of actuarial or risk management experience; valuation, capital, ALM exposure is a plus.

Responsibilities

• Financial and Insurance Risk Oversight: monitor and manage strategic, insurance, investment, market, credit, ALM, and solvency risks.
• Business Partnering: provide risk guidance on new products, initiatives, models and business plans.
• ORSA, Capital and Regulatory Risk Assessments: lead ORSA and coordinate solvency analyses with actuarial and finance teams.
• Risk Framework, Governance and Risk Appetite: implement and enhance ERM framework and risk monitoring processes.
• Risk Reporting and Strategic Advisory: present insights and recommendations to CRO and senior leadership.
• Risk Culture Building: promote risk awareness across the organization.

Skills

Enterprise Risk Management

Insurance risk

ALM

Risk reporting

Stakeholder management

Project management

Change management

Analytical thinking

Regulatory awareness

Valuation experience

Education

Bachelor degree in Mathematics

Statistics

Actuarial Science or Risk Management

Job description

Key Responsibilities:

1. Financial and Insurance Risk Oversight: Monitor, assess, challenge, and manage strategic, insurance, investment, market, credit, ALM, and solvency risks. Identify emerging risks and recommend mitigation strategies to ensure risks remain within approved risk appetite.

2. Business Partnering: Provide risk guidance, review and risk assessment on new products, strategic initiatives, operating assumptions, models and business plans, providing second-line opinion on financial risk areas.

3. ORSA, Capital and Regulatory Risk Assessments: Lead ORSA preparation and coordinate RBC, solvency assessments, stress testing, capital adequacy reviews, and related risk analyses in collaboration with Actuarial and Finance teams.

4. Risk Framework, Governance and Risk Appetite Management: Lead implementation and enhancement of the ERM Framework, Risk Appetite Framework, insurance risk policies, limits, KRIs, and risk monitoring processes across the organization.

5. Risk Reporting and Strategic Advisory: Prepare and present risk insights, emerging risks, risk appetite utilization, and management recommendations to CRO, LIC-ALMCO and Group Office.

6. Risk Culture Building: Promote a strong risk culture, provide guidance to business units, and drive awareness of financial risk management practices across the organization.

Education & Certification:

• University graduate with a Bachelor degree in Mathematics, Statistics, Actuarial Science or Risk Management.

Experience

• 10-15 years of related actuarial or risk management work experience, exposure to valuation, capital, ALM, product/pricing is definitely a plus.

Technical Competencies/Skills:

• Enterprise Risk Management understanding
• Sound knowledge of Insurance risk and capital management: Familiar with risk-based capital and the components
• Strong understanding of investment and asset-liability management (ALM) principles
• Excellent analytical and critical thinking skills, with the ability to interpret complex financial, actuarial, and risk information, identify emerging issues, and provide practical, risk-based recommendations to management.
• Ability to independently challenge and influence business decisions
• Strong risk reporting and communication capabilitiesHighly effective stakeholder management skills
• Strong project management and change management capabilities
• Demonstrated ability to work in a dynamic and evolving environment, quickly adapt to new regulatory, business, and market developments while maintaining effective oversight of key risk exposures.
• Excellent written, verbal, and interpersonal communication skills