Manager, Financial Risk Management

ETIQA INSURANCE PTE. LTD.; Singapore; On-site; SGD 80,000 - 110,000; Full time

Job summary

A leading insurance company in Singapore seeks a dynamic Risk Management professional to support the development and implementation of the Enterprise Risk Management Framework. The role involves formulating risk management plans, conducting risk assessments, and collaborating with various stakeholders to enhance risk awareness. Ideal candidates have a degree in actuarial science or related fields and 6+ years of relevant experience, complemented by strong analytical and communication skills.

Qualifications

• Minimum 6 years of relevant experience in actuarial or risk management.
• Strong analytical skills to drive implementation of risk initiatives.
• Sound knowledge of local regulatory environment and investment knowledge.

Responsibilities

• Develop risk management framework and policies.
• Support Own Risk and Solvency Assessment (ORSA) processes.
• Monitor risk exposure against appetite using key indicators.
• Collaborate with business stakeholders to assess risks.
• Contribute to product risk assessments and asset allocation.

Skills

Analytical skills

Interpersonal skills

Communication skills

Risk management knowledge

Education

Degree in actuarial science or quantitative discipline

Job description

Etiqa Insurance Singapore is looking for a dynamic individual to join our team. Do you have what it takes?

Are you:

• Passionate about working with people?
• A creative thinker with a positive attitude & outlook?
• A strong dynamic communicator able to collaborate effectively?
• Willing to learn, adapt & grow in a fast paced work environment?

WANT TO MAKE A DIFFERENCE?

This exciting proposition allows you to work with Etiqa, a leader in the insurance sector, optimizing your unique skill set, and getting onboard our journey towards “Making The World A Better Place”.

To provide support as a key member of the Risk Management department that has main objectives as follows:

• Developing and Implementing the Enterprise Risk Management Framework and respective risk policies that create values for the various stakeholders and achieve the company’s aspirations and strategies.
• Formulating risk management plans and initiatives that create values for the various business partners (other functions) within the organisation.
• Create and promote risk awareness culture across the organisation and establish stakeholders’ (business partners) ownership and accountabilities in risk management activities.

In general the jobholder is requiredзя to assist in :

• Developing/leading risk appetite statements, setting limits against solvency and other risk appetite dimensions.
• Supporting/Leading the Own Risk and Solvency Assessment (ORSA) and preparation of ORSA report for presentation and submission to various parties including MASాప్తివ్టింగ.
• Monitoring insurance and financial risk exposure against risk appetite with the use of key risk indicators and other risk measures
• Partnering key business stakeholders in identifying and assessing risks and controls, including financial, operational and insurance risks.
• Contributing in cross functional teams to investigate and manage current and emerging risk in areas such as claims, reserving and reinsurance
• Contribute to detailed product risk assessment from product pricing perspective in order to ensure the financials remain within the acceptable range in different scenarios being tested.
• Contribute/Lead in the yearly Strategic Asset Allocation and Tactical Asset Allocation review to better adapt to the evolving economy and industry.
• Develop, improve tlase and implement financial risk related group risk management frameworks, policies, guidelines/procedures, methodologies and reporting in alignment with the business objectives of EIPL
• Work towards building a centre of excellence.when financial risks to monitor and control investments and on capital adequacy to ensure responsible growth.

Requirements

• Minimum degree or professional qualifications in either actuarial science or other quantitative discipline
• Minimum 6 years’ relevant experience that may include actuarial or risk management.
• Strong analytical skills with ability to drive the implementation of financial and enterprise wide risk initiatives within the organization
• Strong interpersonal and communication skills in both verbal and written form
• Sound knowledge of products and operations in life and general insurers, of the local regulatory environment and in-depth investment knowledge