Senior Manager, Risk Management, Asia Pacific

Overview
Senior Manager, Risk Management, Asia Pacific at Allianz Asia Pacific. The role is in the regional risk function, reporting to the regional Chief Risk Officer. It is split between regional topic leadership and holistic risk coverage of Operating Entities in Allianz Asia/Pacific, with a focus on enhancing risk culture and qualitative risk management in the OEs in Asia Pacific.
What You Do
Regional topic leadership
Enhancement of the economic capital model (SCR) for the region referring to Solvency II framework
Covering PC and LH Risk topics, including but not limited to:
Providing guidance and opinion to Operating Entities from a risk perspective during P&C product reviews
Providing guidance to Operating Entities on assessing reinsurance contracts
Providing guidance to the Operating Entities in implementing Best Practice Key Risk Indicators as proposed by Group
Capital Management: proactively guide and support Operating Entities with regard to defining and implementing capital management related initiatives, lead the regional steering and monitoring of the implementation status and development of related KPIs
Coordinate and report on Solvency analysis on a quarterly basis
Solvency II policies implementation review
Regular review of reports to Group (e.g. ASU Deviation; Nat Cat, MMD exposures; ...)
Financial risk management
Annual alignment on the management ratio, and quarterly review of solvency development
Annual alignment on the OE’s Strategic Asset Allocation, investment limits, and quarterly review of exposures, ALM including duration management
Annual alignment on limits with respect to the Product Steering Matrix, and quarterly review of utilisation
Review of risk related KPIs of OEs during planning processes
Non-Financial Risk Management
Conduct the annual RADAR assessment in close alignment with the local CRO
Review TRA results and offer advice
Align on the quarterly Qualitative Risk Report
Support the OE along the IRCS Cycle; review the OE’s documentation in ORGS, discuss material operational risk events
Involvement in product discussions in particular with respect to retail risk/client value concerns and ASU referrals
Review of potential risks of OEs during planning processes
Support and Guidance
Align with the local CRO in preparation of the quarterly OE RiCo
Attend the quarterly GovCC, ALM Working Group, Investment Committee and other relevant committees and working groups and provide input as needed
Hold regular calls with the local CRO (and local Risk colleagues)
OE visits to ensure proper implementation of Risk related topics and provide support on the ground
What You Bring
Solid quantitative background
Solvency II and capital management
P&C and/or LH underwriting risk
Understanding of investment risk
Solid understanding of insurance business from risk, financial, product and operational perspectives
Data analytics and tool development for finance, insurance and retail industries (e.g., SQL, Python, R, VBA)
Exposure to an international working environment with matrix organization to support various OEs’ risk functions in APAC
Fluent in English; knowledge of additional languages (e.g., Mandarin) a plus
Experience in risk management, including quantitative risk measures and stress testing/modelling
Support in running ALM models to quantify and monitor interest and liquidity
Understanding of Asian regulatory environments
A university degree with more than 10 years of experience in finance, insurance and risk management and/or related areas (investments, actuarial, cat modelling and/or underwriting)
ERM-related certifications such as FRM/Actuarial certification
What We Offer
We are one of the World’s Best Workplaces (Singapore 2024) & Great Place to Work
Be part of a team that’s open-minded, supportive, and genuinely focused on customer outcomes
A sense of belonging in the workplace, where you are welcomed and encouraged to bring your most authentic self to work
Hybrid and flexible remote work options
Access to LinkedIn Learning, Degreed, and opportunities across the world for continuous learning
Robust and comprehensive benefits for health and well-being
Initiatives to support financial wellness through discounted Allianz insurance products, pension contributions, and referral bonus scheme
Opportunity to participate in the Employee Share Purchase Program
We are an equal opportunity employer and welcome applications regardless of race, ethnicity, age, gender, nationality, religion, disability, or other protected characteristics. We encourage you to bring your whole self to work.
Allianz’s inclusive culture promotes openness and rotation across functions, entities and geographies, with the expectation that employees are open to change and cross-functional experiences.
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