Principal, Investment Officer

AIA Hong Kong and Macau; Singapore; On-site; SGD 180,000 - 240,000; Full time

Job summary

AIA Singapore is seeking a seasoned Investment Officer to drive asset allocation, SAA and ALM strategies in support of competitive product development. You will lead the end-to-end implementation and partner with Actuarial, Group Investment and AIA Investment Management to ensure optimal investment outcomes.

You will leverage strong quantitative skills, regulatory knowledge and communication abilities to influence senior leadership and shape the investment program across the organisation.

Qualifications

• Bachelor degree in business administration, finance, financial engineering, data analytics, statistics, math, economics, or actuarial science.
• Masters degrees and/or CFA preferred.
• Minimum of 10 years' proven track record as an investment officer focusing on asset allocation, SAA and/or ALM in financial institutions.
• Strong interest in investment management, quantitative analysis, capital markets and balance sheet management.
• Experience with investment governance, risk management and regulatory considerations.

Responsibilities

• Support CIO's target operating model implementation, including SAA/ALM framework development.
• Provide asset allocation recommendations for annual asset allocation reviews.
• Develop and implement SAA/ALM framework to support products and competitiveness.
• Lead end-to-end development of SAA framework and coordinate with IC/ALCO/Board.
• Collaborate with AIA Investment Management to meet investment requirements and optimize returns.
• Monitor performance, risk metrics, and regulatory reporting for assets.
• Support sustainability disclosures and governance across groups.

Skills

Asset allocation

ALM

SAA

Investment analytics

Stakeholder collaboration

Quantitative analysis

Regulatory awareness

Communication

Education

Bachelor's degree in finance/related field

Job description

FIND YOUR 'BETTER' AT AIA We don’t simply believe in being ‘The Best’. We believe in better - because there’s no limit to how far ‘better’ can take us. We believe in empowering every one of our people to find their 'better' - in the work they do, the career they build, the life they live and the difference they make. So that together we can support even more people - including our own - to live Healthier, Longer, Better Lives. If you believe in better, we’d love to hear from you.

About the Role

The position is primarily responsible for supporting the implementation of Chief Investment Officer’s target operating model, which includes (1) asset and liability management through company-wide Strategic Asset Allocation and Tactical Asset Allocation process, (2) setting investment strategies and objectives to support product development and product competitiveness, (3) bottom up and top-down investment monitoring, and reporting, (4) investment analytics function in annual strategy planning exercise and (5) investment analytics in supporting investment solution or strategy formulation, in supporting Finance and ERM functions. Specifically, this role is responsible for providing (i) asset allocation recommendations from investment and capital market perspective for implementation in annual asset allocation review processes, (ii) development and implementation of AIA Singapore and AIA Brunei strategic asset allocation (“SAA”) and asset-liability management (“ALM”) framework from investment perspective to ensure investment strategies support competitive products and business objectives.

Lead the development and end-to-end implementation of AIAS SAA framework to ensure an optimal outcome is achieved, by striking a delicate balance between investment performances, market constraints, capital and financial implications for AIAS. Collaborate with Actuarial to obtain the necessary approval from committees such as the Investment Committee (“IC”), Asset Liability Committee (“ALCO”) and AIAS Board of Directors (“Board”). Set Investment asset mandates, portfolio mandates and benchmarks for AIAS and monitor execution of all mandate adherences to all MAS, as well as internal limits and overall investment performances. Act as the subject matter expert for application of SAA framework in product development process to ensure proper asset allocation is in place to support competitive products and to optimize investment outcome.

Support product development and solutioning for all Par and Non-Par products, focusing on optimal solutions for HNW products such as Indexed Universal Life (‘IUL”), Universal Life (“UL”) and Platinum series products. Co-Lead the relationship with AIA Investment Management (“AIAIM”) to ensure investment requirements are met and investment returns are optimized focusing on fixed income related asset classes. Support the annual strategic planning exercise for assets and investment division for the planned period.

Work with Group Investment to implement Group Investment wide investment initiatives and projects to future proof AIAS Chief Investment Officer (“CIO”) Target Operating Model (“TOM”). Develop investment solutions with internal or external expertise, such as new asset classes or structured products to actively improve our risk adjusted investment returns. Advise IC and ALCO on investment opportunities by actively participating in discussions with Group Investment.

Participating in investment performance review and discussion with AIA Investment Management and Group Investment, focusing on fixed income and listed equities asset classes to ensure investment requirements are met and risk-adjusted investment returns are optimized. Shared responsibilities of investment analytics in monitoring and reporting performances, insights of assets, financial impact/capital impact and regulatory reporting for AIA Singapore assets. Collaborate internally, across departments and AIA Group to develop best-in-class products for high-net-worth clients, affluent clients and ILP products.

Work with Group and other stakeholders to support sustainability efforts and capability build-up in relation to portfolio management, monitoring, assessment and reporting for both internal and external disclosures (e.g., regulatory, SBTi targets etc.) Share the responsibility of ensuring the adherence to AIA Investment Governance Framework, while strengthening the control environment (as 1st Line of defense) and to facilitate the governance, risk and compliance culture, together with 2nd and 3rd Line of defense at AIA Singapore.

Share the responsibility of administration tasks such as coordinating committee meetings, month-end financial closing related activities, as well as regulatory requirements and queries.

Minimum Job Requirements

Education At least a bachelor's degree in business administration, finance, financial engineering, data analytics, statistics, math, economics, or actuarial science. Masters degrees and/or additional professional qualifications such as CFA are preferred.

Experience and key skillsets Minimum of 10 years strong proven track record as an investment officer focusing on asset allocation, SAA and/ or ALM in life insurance companies or banks, or asset management companies. Strong interest in investment management, quantitative analysis, capital market and balance sheet management. Investment qualification, insurance product knowledge or actuarial experiences are a plus. Experience in analyzing and executing investment strategies. Knowledge of investment, ALM and SAA. Experience or knowledge of some regulatory and economic capital metrics, investment management for general account business, derivatives, liability management and hedging strategies.

Team player and a strong communicator (verbal and written). Ability to work with senior management, technical and non-technical functions across the organization. Good Influencing and negotiation skills. Good problem solving and analytical skills.

Believe in better with AIA. If you work at AIA, you play an important part in this movement. Which is why we give you every opportunity to learn, grow and shape your career - your way! #LI-SF1 Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.

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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. As the largest listed company on the Hong Kong Stock Exchange, we’ve been proudly making a difference for people and communities across Asia for over a century. And we build on this every day with our ambition to engage one billion people to live Healthier, Longer, Better Lives by 2030.

If you work at AIA, you play an important part in this movement. Which is why we give you every opportunity to learn, grow and shape your career - your way. Inspiring and supporting you to thrive - not just at work, but in life. Believe in better with AIA. View our AIA LinkedIn page Bring your difference to AIA