Portfolio Manager, Derivatives

FIND YOUR 'BETTER' AT AIA
- We don’t simply believe in being ‘The Best’. We believe in better - because there’s no limit to how far ‘better’ can take us._
- We believe in empowering every one of our people to find their 'better' - in the work they do, the career they build, the life they live and the difference they make. So that together we can support even more people - including our own - to live Healthier, Longer, Better Lives._

If you believe in better, we’d love to hear from you.

About the Role

In a complex environment of regulatory evolutions, changing markets regimes and regular innovation in insurance products, the usage of Derivatives in AIA Group has been growing rapidly, in line with a significant increase of sophistication of strategies and infrastructure.

The Derivatives Centre of Excellence aims at becoming a world-clas insurance derivatives solutions function, leader in APAC. It is a centralized function based in Singapore, with the mission of enhancing the risk and capital adjusted returns for AIA Group’s stakeholders and policy holders through an efficient and risk-managed usage of Derivatives strategies and solutions. It operates across the entire Group’s value chain: from insurance product design to ALM and capital management solutions, and finally investments strategies.

This vision is fulfilled through the definition of the Derivatives infrastructure strategic roadmap, the provision of expert advice to all Business Units and Group entities, and in-house management of Derivatives portfolios in AIA IM.

The incumbent will leverage on his technical and quantitative derivatives expertise to collaborate with Group, internal Asset Managers, and Business Units, on the design and management of their Derivatives Strategies. He may be responsible for managing derivatives portfolios outsourced by BUs to AIA IM.

The primary objective is to optimize the efficiency and the risk-return profile of such strategies under internal and external constraints, by blending a proper understanding of markets in which the Group operates with an effective and disciplined risk management approach.

What you will be doing.
- Provide expert advice to AIA BUs and Group functions to structure derivatives solutions and optimize their derivatives strategies, leveraging on a deep understanding of relative economic value, liquidity, and geographical nuances of different instruments. Help stakeholders to define, model and quantify the objectives of such derivative strategies and suggest and similarly quantify alternatives for decision makers on such trades.
- Support or manage linear and non-linear derivatives portfolios, across asset classes, following a rigorous investment process based on a deep understanding of macro and markets environments and a disciplined risk management approach. Strategies run can be asset or liability driven.
- Support or manage efficiently cash and securities collateral requirements ancillary to managed derivatives portfolios.
- Support and drive the development of the Derivatives and collateral infrastructure, in particular analytics and portfolio management tools and governance structure.
- Performs other responsibilities and duties periodically assigned by supervisor in order to meet operational and/or other requirements
- Takes an inclusive and collaborative approach in the strategies design and implementation process, in working with internal resources (quants, macro and markets specialists, portfolios managers, actuaries) and external partners.
- Investment resources across AIA are distributed between local Business Units (CIOs), Group Investment in Hong Kong (Investment Consulting and Asset Allocation), and AIA IM in Singapore (Portfolio Management, Trading, Business Management, Legal). The role holder will need to develop strong links into these teams to be successful.
- Engage Group and BU Finance, Capital Management and Actuarial and Products units, as well as the Risk functions in the second line of defense.
- Externally, continuous engagement with banks, liquidity providers and consultants.

What you will have.
- Minimum Bachelor’s in Finance or in a quantitative field (Mathematics, Engineering, Computational Finance). Masters preferred.
- CFA/FRM, CFMAS (Modules 3, 5, 6, 6A) preferred but not essential.
- Minimum of 7 years’ experience of structuring or managing linear and non-linear Derivatives portfolios (cross-asset preferred), either in a bank or an asset management company, is required.
- Experience in collateral management and optimization, and funding markets (repo, securities lending) a plus.
- Experience of working with LDI strategies a plus.
- Experience in systematic/quant driven strategies a plus.
- ALM/Actuarial sciences knowledge a plus but not essential.
- Excellent interpersonal skills: credible communicator, with excellent verbal and written communication skills.
- Team player and able to communicate in a diverse culture environment.
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