Director/Associate Director, Asia Asset Liability Management

at  Manulife

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DESCRIPTION – DIRECTOR/ASSOCIATE DIRECTOR , ASIA ASSET LIABILITY MANAGEMENT

The Global Asset Liability Management group plays a leadership role in the identification and assessment of ALM related risks globally, along with the development of investment and risk management strategies to support the company’s business and financial objectives.
As a member of the Asia Asset Liability Management team, this position is based in Singapore. The position has responsibility for inforce ALM risk management and balance sheet optimization within the constraints of tax, capital, liquidity, accounting and reserving for Asia countries. This entails working closely with head of investment, CFO, CRO, Chief Actuary and Pricing officer in the country as their primary source of ALM contact and problem resolution. The position may also lead and support ALM projects on a regional basis.

Responsibilities:

• Work closely with the ALM team in Toronto to develop and review ALCO and various risk and investment reports.
• Monitor asset mix/quality/duration against approved benchmarks and recommend remedial actions on violations.
• Oversee projects in the development and implementation of investment strategies and tactical decisions
• Recommend and implement hedging strategy to manage risk and optimize return
• Provide guidance to key local stakeholders (Head of Investments, CFO, CRO and Chief Actuary and Pricing Officer) on ALM and market risk related issues.
• Effectively communicate with stakeholders at various levels within the business
• Support other ALM teams in the development and execution of investment strategies, various reporting requirements and other ad-hoc projects.
• Represent ALM to the business unit ALCO

Qualifications

• Has a strong sense of ownership and work ethic to see projects to completion. Is undeterred by challenges/obstacles and will remain motivated and apply creative thinking to overcome them.
• Has credibility and presence amongst peers and senior management through strong verbal, written and presentation skills. Can communicate clearly and succinctly on technical and business matters.
• Will encourage, support and develop more junior colleagues. Be an ambassador for the team, proactively seeking opportunities to engage with colleagues across Manulife.
• Able to work effectively in a team environment and across multiple disciplines and time zones
• Actuarial or Investment experience. CFA/PRM/FRM, or other relevant designation is a plus
• Minimum 5 years working experience in an investment environment or financial risk management
• Strong knowledge of fixed income investments, derivatives, ALM, and asset and liability modelling

Problems / Challenges

• A key challenge of the role is need to handle several projects simultaneously and work with tight deadlines
• In addition, the successful candidate will need to be able to work independently, with minimal supervision.

• Work closely with the ALM team in Toronto to develop and review ALCO and various risk and investment reports.
• Monitor asset mix/quality/duration against approved benchmarks and recommend remedial actions on violations.
• Oversee projects in the development and implementation of investment strategies and tactical decisions
• Recommend and implement hedging strategy to manage risk and optimize return
• Provide guidance to key local stakeholders (Head of Investments, CFO, CRO and Chief Actuary and Pricing Officer) on ALM and market risk related issues.
• Effectively communicate with stakeholders at various levels within the business
• Support other ALM teams in the development and execution of investment strategies, various reporting requirements and other ad-hoc projects.
• Represent ALM to the business unit ALC