Based in Hong Kong, the Risk Manager is responsible for providing leadership and direction at the level required to ensure that the business fully understands the risk requirements and regulatory environments within which it operates and is made aware of forthcoming changes that may impact on the business, its customers and its strategic goals.

The successful job holder will provide oversight for the International Markets Asia Director of Risk & Compliance ensuring that all stated areas of the enterprise risk management framework are appropriately implemented and are being adhered to.

This role will be responsible for assisting the International Market unit in the oversight, embedding, management of and adherence to an agreed risk appetite and will involve:

• challenging and embedding a culture of pro-active risk management across the various business units
• ensuring the appropriate risk appetite is applied to all business decisions and control requirements 
• being an advocate and role model of embedding risk management principles and to provide the required control standards for risk at all levels

Main Responsibilities

The 2nd line requires: (i) a true business partnering role and (ii) roles with a “true Bupa Group” perspective.These include: coordination of operational risk quantification; presentation and commentary on operational risk; attesting to group risk appetite statements; attendance and presentation at the relevant risk committees; adherence to group policies; management and reporting of significant incidents.

The Risk Manager will work between the International Market unit's 2nd line function and the Hong Kong business leadership to support implementation of the group risk management framework.

• Make a periodic assessment of the effectiveness of risk management and report relevant findings upwards to the market unit.
• Oversee the ongoing operation of and adherence to the Risk framework (including risk policies) as established by the market unit.

Work between the Hong Kong Business unit 2nd line function and the Market Unit leadership to support implementation of the group risk management framework:

• Challenge risk and controls self assessments.
• Attend relevant risk committees/forums.

Assist the International Market Asia Director of Risk & Compliance to embed and maintain an effective corporate governance framework across the Hong Kong based businesses with appropriate supporting approaches and methodologies.

Support the International Market Asia Director of Risk & Compliance in the custodianship of the Business Risk Appetite Statement (in line with Solvency 2 principles) and its application across the business that specifically addresses the existing risk profile, the risk capacity of the business and its risk tolerance and attitude toward risk in pursuing growth and desired return in line with the agreed business strategy.

Provide direction to the business functions as to the application of the RAS in related decision making processes, procedures and committees.

Assist in the embedding of a pro-active risk management culture, in conjunction with the International Market Asia Director of Risk & Compliance, across the businesses and act as a spokesperson for the business-wide benefits of risk management.

Assist in embedding a detailed Risk Management framework, including the definition and measurement of descriptive and predictive key risk indicators, operational risk modelling and scenario analysis, risk and control self-assessments and the establishment and maintenance of a comprehensive loss data base.

Assist in improving and enhancing risk management practices and behaviours with a focus at Senior Executive and business wide strategic projects.

Directly support the Business Unit General Managers in the running of BU and Regulated Entity Board Risk Committees; its conduct, actions and agenda (where appropriate)

Ensure that the leadership team are provided with the information they require to properly discharge their responsibilities and to make appropriate commercial and strategic decisions to meet their strategic objectives.

To lead and motivate appropriate risk resources that support the market units, enabling confidence and risk taking to be accepted, space to be created for direct reports with the ability for succession planning to take place.

The Ideal Candidate

• Member of the Institute of Risk Management or equivalent
• Member of the Institute of Operational Risk or of other risk professional associations
• Direct experience of leading the development and embedding of risk, processes across major complex multinational organisations.
• Excellent leadership and people management skills, with proven ability to engage and drive performance
• Objective, analytical and lateral thinking with a ‘can-do’ attitude with the ability   to summarise and communicate complicated technical issues.
• Financially numerate with strong business and communications skills. Comprehensive knowledge of best practice across the different risk assurance functions with demonstrable success of operating at a senior level ideally in    the insurance industry or other financial services.
• Flexible, objective and pragmatic.  Able to work under significant pressure and intensity – handling multiple conflicts of interest and priorities and capable of providing insightful and balanced views on business risks and issues.Significant and broad financial and commercial experience gained across the Financial Services sector
• Ability to work across cultures and geographies

Bupa’s purpose is longer, healthier, happier lives.

As a leading global health and care company, we offer health insurance, medical subscription and other health and care funding products; we run care homes, retirement and care villages, primary care, diagnostic and wellness centres, hospitals and dental clinics. We also provide workplace health services, home healthcare, health assessments and long-term condition management services. We have 32M customers in 190 countries. With no shareholders, we invest our profits to provide more and better healthcare and fulfil our purpose. We employ 84,000 people, principally in the UK, Australia, Spain, Poland, New Zealand and Chile, as well as Saudi Arabia, Hong Kong, India, Thailand, and the USA.
We have grown significantly, particularly through 2013 to 2015, when we accelerated execution of our Bupa 2020 strategic vision. We are similar in revenue and profit to Marks & Spencer, and larger than Heinz in revenue. Because Bupa does not have shareholders it does not have a listing, but if it did it would be in the FTSE 100. Bupa is not a mutual or a charity but a company limited by guarantee that seeks to maximise its profits in order to fulfil its purpose. With customers in virtually every country in the world and 70% of its revenues now generated outside the UK, Bupa is a truly international organisation.

Our People

Bupa believes that the growth and performance of our leaders and our people is the single biggest pathway to fulfilling our purpose (longer, healthier, happier lives) and delivering Bupa’s 2020 goals. We have a leadership framework called “Bupa Leaders Are” which sets out what great leadership looks like at Bupa. Leaders are called upon to grow themselves, to grow others, to grow the business, and fulfil our purpose: longer, healthier, happier, lives. We are looking for individuals who are capable of delivering extraordinary business outcomes.

International Markets

Bupa’s International Markets (IM) unit has 16 million customers in 190 countries across all continents around the world. It manages a portfolio of businesses, including a large international health insurance, travel insurance and medical assistance business called Bupa Global, as well as established domestic health insurance businesses in Hong Kong and Thailand, two associate health insurance companies in Saudi Arabia (26.25% Bupa ownership) and India (49% Bupa ownership), and Hong Kong’s largest private clinic network.

Bupa Global

Bupa Global provides products and services worldwide to people who want access to premium health and care at home or as they study, live, travel or work abroad. We provide international health insurance, travel insurance and medical assistance to individuals, small businesses and global corporate customers all around the world.
Bupa Global has over 1,800 employees and has offices in London and Brighton (UK), Miami (USA), Copenhagen (Denmark), Hong Kong (Greater China), and Dubai (UAE), as well as in Egypt, Mexico, the Dominican Republic, Bolivia, Panama, Guatemala and Ecuador. Bupa Global is currently organised around five regional hubs: Bupa Global Middle East, Africa and India; Bupa Global Greater China; Bupa Global Latin America; Bupa Global North America and Bupa Global Europe.

You can also visit the website at www.bupaglobal.com