Manager, Risk Management, Asia Pacific

| Risk Management | Professional | Non-Executive | Allianz Singapore | Full-Time | Permanent

**Entity: Allianz SE Singapore Branch**

**Job Purpose**:
You will work in the regional risk function and directly report to the regional Chief Risk Officer, the role is a ~50:50 split between regional topic leader and holistic risk coverage of Operating Entities (OEs) in Allianz Asia/Pacific. On topic leader, you will assume responsibility for qualitative and operational risk management as well as risk governance topics, with the notable exception of IT Risk Management. OEs (and associated markets) are assigned based on expertise and “best fit”.

And enhancing risk culture and qualitative risk management in the OEs in Asia Pacific as future challenges in this role.

**_What you do in respective areas:_**

**Regional topic leader**
Non-Financial Risk Management(NFRM)

Support the regional CRO to roll out Grou's NFRM framework in the region. Hold regular Calls with OEs and Group NFRM team; Organize training/workshop and regular meetings; Collate OE queries and clarify with Group

**Executive Accountability Regime (EAR)**
Ensure effective implementation of the EAR on both regional and local levels; Hold regular APAC EAR Coordinators Calls and attend actively the regular Group EAR Call; Organize EAR Working Group and EAR Steering Committee meetings on the regional level; Collate OE queries and clarify with Group; update OE EAR coordinators regularly

**Top Risk Assessment process**
Annual update and quarterly discussions related to regional top risks; Comprehensive annual review and alignment considering; Review OE results (bottom-up) and discussions with risk owners on the Board level as well as regional risk owners (top-down); Quarterly update of identified risk indicators with the respective risk experts; follow-up on remediation and actions; Presentation of results and follow-ups quarterly in the AZAP RiCo; Alignment with selected Risk Owners on ad-hoc or regular updates in the AZAP RiCo

**Integrated Risk & Control System (IRCS) and Operational risk management**

**Risk Governance**
Act as contacts person for the Governance Caretaker and colleagues in AZAP Legal & Compliance; Discuss the System of Governance (SoG) Operating Model and align on approaches in particular for new OEs; AZAP ELCA framework owner, i.e. disseminating updates and aligning on AZAP’s oversight activities (tailoring the ELCA); documentation in ORGS; Support the SoG adequacy review in particular when Risk-related elements are in-scope; Support and contribute to the AZAP GovCC on a quarterly basis; attend the quarterly AZAP P&R Forum; Act as Data Privacy Champion for AZAP Finance

**Training and guidance**
Prepare and moderate monthly IRCS Community Calls. Identify best practices for sharing; Develop and enhance templates to facilitate the IRCS Cycle and associated activities; Organize annual Risk Management Lunch & Learn; Support in the onboarding of new CROs, local and AZAP Risk colleagues; ad-hoc training as requested

**Secretariat of the AZAP Risk Committee**
Coordination of the quarterly meetings and logistics; Sending of relevant documents to the AZAP RiCo (e.g. draft agenda, slide deck, and documents); Preparing the Minutes incl. alignment; follow-up on actions and requesting updates from Action Owners; Organising quarterly CRO Roundtable (incl. RiCo Debrief)

**OE related topics**
On the OE level, the Risk Coverage Officer is responsible for all risk topics, the so-called holistic view.

**Financial risk management**
1. Annual alignment on the management ratio, and quarterly review of solvency development

2. Annual alignment with AIMS regarding the OE’s Strategic Asset Allocation

3. Annual alignment on the OE’s investment limits, and quarterly review of exposures

4. Annual alignment on limits w.r.t. the Product Steering Matrix, and quarterly review of utilization

5. Alignment on Asset-Liability-Management and duration management

6. Regular review of reports to Group (e.g. ASU Deviation; Nat Cat, MMD exposures;)

7. Review of risk-related KPIs of OEs during planning processes

**Non-Financial Risk Management**
1. Conduct the annual RADAR assessment in close alignment with the local CRO

2. Review TRA results and offer advice

3. Align on the quarterly Qualitative Risk Report

4. Support the OE along the IRCS Cycle; review the OE’s documentation in ORGS

5. Discuss material operational risk events

6. Involvement in product discussions in particular w.r.t. retail risk/client value concerns and ASU referrals

7. Review of potential risks of OEs during planning processes

**Support and guidance**
1. Align with the local CRO in preparation for the quarterly OE RiCo

2. Attend the quarterly GovCC, ALM Working Group, and Investment Committee and provide input as needed

3. Hold regular calls with the local CRO (and local Risk colleagues)

4. OE visits to ensure proper implementation of Risk related topics and also offer supp