Head of Risk

Singlife Philippines; Metro Manila; On-site; PHP 2,500,000 - 4,000,000; Full time

Job summary

Singlife Philippines is seeking a Head of Risk to lead the design, implementation and ongoing refinement of our risk management framework. This senior appointment provides independent risk advice, challenges strategic decisions, and ensures compliance with local and global insurance regulations.

You will build enterprise risk management, oversee RBC2 capital planning and stress testing with Actuarial and Finance, and manage risks across investment, insurance, operations and conduct.

Qualifications

• 15+ years in risk, actuarial, finance or compliance in Philippine insurance or bank.
• 5+ years in a senior risk leadership role.
• Strong knowledge of IC regulatory regime, RBC2, and PFRS17.
• Experience setting up or rebuilding a risk function during growth/transformation.
• Familiar with market conduct and consumer protection rules for bancassurance.

Responsibilities

• Design and maintain the enterprise risk management framework and risk appetite.
• Own RBC2 capital planning and stress testing with Actuarial and Finance.
• Oversee investment and market risk, insurance risk, operational risk, conduct and model risk.
• Manage agents and bancassurance conduct risk, AML and fraud controls.
• Engage the IC and Board risk committee and coordinate with compliance.
• Build risk strategies for cyber, third-party, outsourcing, crisis management and disaster recovery.
• Elevate risk culture and awareness across functions.

Skills

Risk management

Regulatory knowledge

Leadership

Stakeholder engagement

Financial risk modelling

Education

Actuarial/Quantitative degree

Job description

Singlife Philippines is a mobile-first life insurance company on a mission to make financial independence achievable for every Filipino.

Through modern technology, we provide insights, guidance, and solutions—all via mobile devices—so Filipinos can get the right financial protection when they need it. From emergencies and loss of income to high medical bills and future goals like education or retirement, Singlife ensures money is there when it matters most.

As a subsidiary of Singlife Singapore, we combine the agility of a start-up with the strength of a trusted regional brand. Through our growing portfolio of partnerships,including trusted platforms like GCash, AUB's HelloMoney, and Hello Pag-IBIG, we're making meaningful insurance more accessible to the wider market.

At Singlife, we're not just building products. We're democratizing access to financial protection, one Filipino at a time.

Role Overview

The Head of Risk is a senior leadership position responsible for designing, implementing, and maintaining the company’s risk management framework. This role provides independent risk advice, challenges strategic and business decisions, and ensures compliance with local and global insurance regulations.

Duties and responsibilities

• Build the enterprise risk management framework, risk appetite, and ORSA-equivalent processes.
• Own RBC2 capital adequacy planning and stress testing in partnership with Actuarial and Finance
• Cover investment and market risk (import for VUL fund design), insurance, operational, conduct and model risk
• Oversee agents and bancassurance conduct risk, AML and fraud.
• Engage the IC and Board risk committee, ad set p the compliance interface
• Build and implement risk management strategies over operational risk areas such as cyber and technology, third party and outsourcing, crisis management, disaster recovery, incident and issue management
• Raise risk culture and awareness and integrate risk-aware behavior across functions

Qualifications

• 15+ years in risk, actuarial, finance or compliance at a Philippine insurance or bank, with 5+ years in a senior risk role.
• Strong knowledge of the IC regulatory regime, RBC2, and PFRS17.
• Experience setting up or rebuilding a risk function in a growth or transformation setting.
• Understands market-conduct and consumer protection rules relevant to agency and bancassurance.
• Credible challenger to the business who can still enable growth.
• Must pass IC fit-and-proper requirements

Education

Bachelor’s or Master’s degree in Actuarial Science, Statistics, Economics, Finance, or a related quantitative discipline.

Additional requirements

• The preferred candidates are Heads of Risk at life insurance companies
• With Banks’ risk functions (strong bancassurance overlap)
• Preferably coming from a Big 4 insurance risk and regulatory partners and directors