Regional Head of Risk Management, Asia

Joinimagine; Singapore; On-site; SGD 180,000 - 280,000; Full time

Job summary

Allianz Commercial in Singapore invites a Regional Head of Risk Management for Asia, based in Singapore. You will lead risk management activities across the region, ensuring transparency and effective risk mitigation in collaboration with business units.

You will oversee independent risk oversight, report to senior leadership, and help implement global processes regionally while staying compliant with local regulations.

Qualifications

• Experience leading international or virtual teams.
• Proven ability to communicate results to senior management.
• Expertise in risk management techniques and insurance context.
• Knowledge of regional regulators and compliance.

Responsibilities

• Lead regional risk oversight and transparency.
• Coordinate risk reporting to senior leadership.
• Oversee Solvency position calculations.
• Ensure compliance with external/local requirements.
• Support global risk management initiatives.

Skills

International team leadership

Risk management expertise

Stakeholder communication

Regulatory knowledge

Education

Bachelor/Master/PhD in mathematics or quantitative field

CFA designation advantageous

Job description

We are looking for a Regional Head of Risk Management, Asia, based in Singapore.

Job Purpose/Role

The Regional Head of Risk Management is responsible for leading and coordinating risk management and control activities for the respective region. This includes risk identification, risk assessment, risk monitoring and risk reporting in order to make the risk and control landscape transparent to the organization. It includes as well definition and prioritization of actions required to mitigate risks in close collaboration with the business, and to support the business in managing their risks. The Regional Head of Risk Management is responsible to implement global processes on regional level, and to stay abreast of regional regulatory requirements.

Key Responsibilities

1. Lead and Manage Team (direct reports + matrix responsibility)

• Develop strategy for own area of responsibility in alignment with functional/regional goals. Provide employees with guidance on overall strategic picture and how team's targets are aligned to it. Define clear and challenging targets, monitor progress and address performance issues appropriately and effectively. Set Priorities.
• Drive organizational set up for own area of responsibility including personnel selection and manage budget within plan.
• Coach and develop employees in a continuously changing enviornment. Empower employees to execute tasks independently. Foster behavior of team members as desired according to AGCS standards (e.g. behavioral goals, etc...) and live up to the matrix organization.

2. Perform independent regional risk oversight

• To make AGCS region's risks transparent to the local management teams and to global risk management, based on independent risk oversight with a focus on but not limited to underwriting practices, new product development, reputation risk, operational risk and risk accumulation.
• To conduct and review business areas of concern, to communicate and report to senior leadership about risk topics.
• To be the local and regional contact person for managers and staff to communicate risk topics and processes. Oversee the calcualtion of the quantitative Solvency position for all relevant countries in the region.

3. To be the conduit of transparency around risk related topics between the local management and global teams of AGCS

• Quarterly reporting of the regional and local risk reports, including operational incidents reporting. Annual identification of the regional and local top risks.
• Communicate actively with Senior Management, in paricular with the local CEO/CFO and the global CRO. Ensure efficient interfaces and proactive coordination between local and global Risk Management teams.

4. Ensure compliance with external requirements

• To interpret and implement external local risk management requirements in an efficient manner.
• Maintain relationship with local regulators in Singapore, Hong Kong, Tokio, Korea, India and other external parties in the context of risk management activities.

5. Support global initiatives and projects

• Support the Global Risk Management team with global responsibilities and initiatives as needed. Participate in local and global projects.

Key Experience / Requirements / Skills

Required Experience

• Experience in leading and developing international and or virtual teams within a complex global matrix environment.
• Experience of leading change and delivering large scale international projects in various business scenarios, including, e.g., restructuring, integration.
• Industry or professionally recognised and up-to-date Risk Management expertise, backed up by hands-on Risk Management experience.
• Proven experience in communication of results to a variety of stakeholders incl. senior management.

Required Education

• Bachelor, Masters, PhD degree in mathematics or any other analytical science or strong quantitative field.
• Completion of Actuarial/Financial (e.g. CFA) designation considered an advantage.

Technical Skills

• Deep understanding of insurance and state of the art risk management techniques.
• Product knowledge: Deep understanding of corporate insurance product portfolio.
• Robust knowledge of principles & practices of other relevant functional areas (COO, Actuarial, UW, RI, etc…)
• Robust understanding of regulatory risk frameworks & requirements across AGCS' locations.
• Expertise in integrating AI into various business functions, enhancing efficiency, and fostering a culture of data-driven innovation is crucial.

General Skills

• Navigating Complexity: Ability to make sense of complex issues; respond to complex/ambiguous situations by identifying & initiating appropriate remediation & follow up. Anticipate and resolve issues before these transpire.
• Decision Making: Effectively evaluate info from multiple sources to identify business issues; involve stakeholders in the decision making; commit to action after weighing alt solutions against important decision criteria.
• Communication and Presentation Skills: Ability to understand, elaborate and convey information clearly and effectively in respect to the audience / level of management (both verbal and in writing).
• Conflict Management: The ability to recognize and deal with disputes in a rational, balanced and effective way.

Languages

• Fluent in English.
• Fluency in local language will be a plus.

105387 | Risk Management | Management | Allianz Commercial | Full-Time | Permanent

What’s in it for you?

Let's care about everything that makes you, you

We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.

Let's care for your financial wellbeing

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.

Let's care for your opportunities to progress

From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.

Let's care for life's twists and turns

From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back.

Let's care for our society and our planet

With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.

Care to join us?

Allianz Commercial is the center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what's ahead.

Learn more about careers at Allianz Commercial by clicking here.

Learn more about Allianz Commercial by clicking here.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matters, and nurtures a culture grounded in integrity, fairness, inclusion and trust.

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us.

Let's care for tomorrow.

People with disabilities:

We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please email [e-mail]

Recruitment Agencies:

Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial does not accept unsolicited resumes from agency or search firm recruiters. Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place, so please do not contact managers directly. Failure to comply could/may result in the disqualification of the candidates and/or the termination of our contract and/or fees not being paid.