AVP, Group Investment (ALM Analytics) at FWD Insurance

Hong Kong Island, Hong Kong, China -

Full Time

Start Date

Immediate

Expiry Date

11 Sep, 26

Salary

0.0

Posted On

13 Jun, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

ALM Analytics, Financial Modelling, Stochastic Simulations, Risk Analytics, Asset Liability Management, Portfolio Optimization, Stress Testing, Scenario Analysis, Risk Parameter Calibration, Hedging Strategies, IFRS, Economic Capital, Solvency, Embedded Value, Data Governance, SAA/TAA Analysis

Industry

Insurance

Description

About FWD Group FWD Group (1828.HK) is a pan-Asian life and health insurance business that serves more than 38 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the main board of the Hong Kong Stock Exchange under the stock code 1828. For more information, please visit www.fwd.com ALM Analytics PURPOSE As the technical backbone in the Group ALM function, this role will develop and maintain all necessary models, tools and management reports to enable prompt, consistent and standardized ALM risk monitoring across the Group, and to enable well-informed ALM decisions. KEY ACCOUNTAIBILITIES Lead the modelling and reporting teams within the Group ALM function to deliver all necessary analytics to enable ALM / SAA decisions and risk management processes Define ALM metrics (e.g. key-rate duration gaps, hedge ratios etc.) and develop analytical tools for ALM risk measurement and monitoring against internal risk limits Define and roll-out Group-wide ALM-related reporting requirements (e.g. investment analysis, risk position analysis), guidelines and templates, with regular review to ensure ongoing appropriateness Review, consolidate and report ALM positioning reports to Group management on a regular basis Build model infrastructure and strengthen ALM-modelling capabilities across the Group Develop and automate asset, liability and risk analytic models, including real-world stochastic simulation models, to facilitate timely monitoring and stress testing of macro-economic factors to key financial metrics Develop portfolio optimization models to assist SAA / TAA analyses and decisions Define the modelling approach for assets and liabilities to perform sensitivity analyses and stress testing, and ensure consistent measurements across different financial metrics (and across BUs) Advise asset risk modelling approach and risk parameter calibrations for economic capital and other relevant valuations, sensitivity analyses and stress testing Ensure data quality in all ALM-related models, in line with relevant Group policies QUALIFICATIONS / EXPERIENCE 10+ years of experience in finance, investment, actuarial, or risk management functions of life insurance companies Professional qualification from internationally recognized professional body (e.g. FSA / FIA / CFA / FRM or equivalent) Degree in Actuarial, Finance, Economics, Mathematics or related discipline KNOWLEDGE & TECHNICAL SKILLS Strong quantitative background in financial modelling (asset and liability), stochastic simulations and risk analytics Good understanding of risk factor modelling and parameter calibration (e.g. yield curves, credit spreads, volatilities, correlations) Understanding of asset-liability model architecture and analytics platforms Deep understanding of ALM frameworks, including duration, key-rate duration, convexity, liquidity and hedging strategies Solid knowledge in insurance B/S and financial metrics (IFRS, EC, solvency, EV etc.) Solid understanding of insurance products (par, non-par, unit-linked etc.) Solid experience in risk analytics such as stress testing and scenario analyses Detail-oriented with strong focus on model / data robustness, controls and governance FWD Group (1828.HK) is a pan-Asian life and health insurance business that serves more than 38 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the main board of the Hong Kong Stock Exchange under the stock code 1828. For more information, please visit www.fwd.com Follow us on LinkedIn

Responsibilities

Lead the modelling and reporting teams to develop tools and metrics for Group ALM risk monitoring and decision-making. Build and automate asset, liability, and risk analytic models to facilitate stress testing and portfolio optimization.