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Head of Risk, Life Insurance

  • Diverse Risk Management Exposure
  • Expanding Business in Greater China
  • Life Insurance Group

Our client is a mid-size Life Insurance provider with a growing presence in Greater China. As part of continuous expansion, the company is seeking a high-calibre Risk Management professional to lead the Risk Management team, based in Hong Kong.

The key responsibilities for this position are as follows:

  • Manage a team and report to the CEO and perform second line enterprise risk oversight on all risk types including financial and non-financial risks, operational risk, investment risk, conduct risk, cyber risk etc.
  • Provide oversight, monitoring, reporting, stress testing on all applicable risk types.
  • Monitor Pillar 2 requirements related to financial and capital risks.
  • Develop, Implement and maintain the risk management and governance framework and policies, lead the preparation of relevant reporting and documentation.
  • Assist the business on Own Risk and Solvency Assessment reporting whilst reviewing and validation of ORSA effectiveness.
  • Lead the team in developing and implementing the financial risk management framework and policies to effectively manage capital-related risks, investment and asset and liability risk management.
  • Perform independent operational risk management controls assessments, evaluation of effectiveness, risk identification and monitoring, ensuring incidents are mitigated and follow-up actions are taken.
  • Responsible for incident reporting, scenario analysis, formulating risk management strategy.
  • Maintain a robust Enterprise Risk framework, assess the design and effectiveness of controls, recommending and implementing enhancements on the risk management framework.
  • Deliver reporting, prepare materials, meeting packs and risk papers for Risk Management Committee meetings and act as the Risk Committee Secretary.

Successful applicants will have the following skills and experience:

  • Degree qualified ideally with relevant qualifications in Risk Management or Actuarial professional bodies.
  • Min. 15+ years working experience in the governance, risk, control space with min. 5+ years in an Enterprise Risk or Operational Risk management function.
  • Must have Life Insurance industry experience, exposure to China strategies and market would be highly advantageous.
  • Good knowledge of Financial and non-Financial Risk concepts.
  • Strong knowledge of Insurance regulations.
  • Familiarity to regulatory capital requirements, asset & liability management, Solvency II.
  • Excellent communication skills with fluency in English and Mandarin Chinese.

Information provided is for recruitment purposes only.

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