Finance & Accounting Jobs in Hong Kong Island, China (Now Hiring) — 650 open — Page 26

Responsibilities:

• Ensure AXA Group’s Life and Financial Risk Management Standards, Policies and frameworks, are established and followed accordingly with appropriate adaption to AXAHK’s operating condition, if needed
• Support Local Audit, Risk and Compliance Committee on life and financial risk related matters, both technically and logistically
• Support Life, Health and Financial Risk Director in ensuring an effective 2nd line of defense by providing technical 2nd opinion, review and challenge on:
  • Actuarial assumptions for reporting under Solvency II, HKRBC, EEV, NBV, IFRS and local statutory reserving etc
  • Appropriateness of experience studies and the tracking of updated experiences to support life insurance assumptions setting
  • Policyholders’ bonus strategies and Policyholders’ Reasonable Expectation assessment
  • Best Estimated Liabilities and reserve 2nd opinion
  • Capital & solvency under HKRBC and Solvency II internal model, including key drivers and management actions
  • ALM risk management through active participation in SAA review exercise, collaboration with investment team in formulating, implementing, and monitoring of risk mitigation strategies
• Ensure that comprehensive risk profiles are prepared, maintained and reported in the insurance aspects of AXAHK’s business through close collaboration with front line business partners such as product development, actuarial pricing team etc. When needed, support the annual risk assessment process for specific functional departments.
• Support Life, Health and Financial Risk Director in assessing reinsurance related activities such as annual retention limits study, catastrophe reinsurance, new or revised reinsurance strategies etc.
• Support the implementation of AXA Group’s Risk Appetite, life and financial risk limits monitoring process by engaging in more technical discussions at the working level, if needed
• Ensure proper compliance to various regulatory (e.g. Solvency II / HKRBC / BSCR) requirements such as:
  • Enforcement of internal model policies such as data quality, model governance, change & validation policy etc
  • Support the preparation of ORSA / CISSA Reports
  • Ensure the “Use Test” requirements are followed such as product pricing and reinsurance decisions are made with proper assessment on the impact to the full range of Risk Appetite metrics
• Support the assessment of the latest climate risk guidelines from various regulatory bodies (e.g, HKFI, BMA, etc.) and prepare action plan for implementation, including reporting and monitoring to the relevant committees
• Provide life and financial risk management support to the Bermuda entity, including risk policies, appetite metrics and risk reporting, in coordination with local and Group stakeholders
• Lead deep dives / initiatives to review the key risk areas within the business, support the business teams to enhance their process and controls
• Drive a sound risk culture, promoting open discussion within the business, debate and challenge across functional units, independent peer review as a norm with regard to key reports and decisions, and pro-active management of risks and issues. Work closely and collectively with functional units (within AXA HK and AXA Group) to support management in ensuring their risks are identified, assessed, reported and managed

Qualifications:

• A minimum of 10 years of relevant experience in the financial services industry, preferably within Insurance; role can be appointed at Manager or Senior Manager level depending on experience, depth of technical expertise and leadership in stakeholder management
• Demonstrated ability to lead complex risk initiatives and effectively influence senior stakeholders
• Strong knowledge and experience of actuarial processes and controls
• Solid understanding of capital and solvency frameworks (HKRBC and/or Solvency II; internal model experience is a plus)
• Experience with ALM and financial risks concepts are preferred
• Strong knowledge of risk management, pricing and/or liability valuation of life insurance products in Hong Kong
• Professional designation: Qualified Actuary or close to qualification is preferred
• Strong report writing, presentation and verbal communication skills in English and Chinese
• Strong stakeholder management skills, with the ability to provide independent challenge while maintaining collaborative relationships

About AXA Hong Kong and Macau

AXA Hong Kong and Macau is a member of the AXA Group, a leading global insurer with presence in 52 markets and serving 92 million customers worldwide. Our purpose is to act for human progress by protecting what matters.

As one of the most diversified insurers in Hong Kong, we offer integrated solutions across Life, Health and General Insurance. We are the largest General Insurance provider and a major Health and Employee Benefits provider. Our aim is to not only be the insurer to provide comprehensive protection to our customers, but also a holistic partner to the individuals, businesses and community we serve. At the core of our service commitment is continuous product & service innovation and customer experience enrichment, which is achieved through actively listening to our customers’ needs and leveraging and investing in technology and digital transformation.

We embrace our responsibility to be a driving force against climate change and a force for good to create shared value for our community. We are proud to be the first to address the importance of mental health through different products and services and thought leading iconic research. Our overall Sustainability Strategy, with emphasis on climate strategy and biodiversity commitment, is developed based on TCFD recommendations. We are committed to integrating environmental, social and governance factors across our business and strive to contribute to a sustainable future through 3 distinct roles - as an investor, an insurer and an exemplary company.

AXA is an equal opportunity employer. We are committed to promoting Inclusion and Diversity (I&D) by creating a work environment where all employees are treated with dignity, respect, and where individual differences are valued. We welcome and treasure diverse profiles to join our big family, and to build an inclusive culture together which allows everyone to maximise their personal potential.

Our people strategies are designed to enhance employee well-being and professional growth, ultimately empowering them to excel within the company.

Click here to learn more about our Benefits (https://www.axa.com.hk/en/benefits), Culture (https://www.axa.com.hk/en/culture-and-values), & Career Development (https://www.axa.com.hk/en/career-development).