Established in Asia in 2013 with a trailblazer mentality, FWD is the primary insurance business of investment group, Pacific Century Group (PCG), with minority shareholders Swiss Re Group, GIC Ventures, RRJ Capital and Hopu Investments.

FWD spans 10 markets in Asia including Hong Kong SAR & Macau SAR, Thailand, Indonesia, the Philippines, Singapore, Vietnam, Japan, Malaysia and Cambodia. In Hong Kong, FWD offers life and medical insurance, general insurance, employee benefits, and financial planning. We focus on creating fresh customer experiences and making the insurance journey simpler, faster and smoother, with innovative propositions and easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD aims to be a leading pan-Asian insurer by changing the way people feel about insurance.

If you are looking for a company where can fuel your inspiration and cultivate your expertise, join us on our exciting journey.

The Job

• Formulate the strategic direction and develop the relevant control framework to ensure assets of FWD HK insurance entities are invested in line with Board approved Risk Appetite Framework and ERM Framework that can optimize risks and returns, bearing in mind policyholder expectations, regulatory constraints, credit/market risks and solvency/capital requirements.
• Work closely with CR&CGO to recommend the FWD ERM Framework and Risk Appetite Framework to the Board that is most appropriate for the Company to meet regulatory requirements and to be consistent with market practices
• Assist to formulate the local ERM Framework and Risk Appetite Framework for investment and market risks for Board approvals
• Formulate the strategies to implement the relevant control framework that can manage the investment and market risks in accordance with Risk Appetite framework and ERM Framework to optimize risks and returns at the most cost efficient and appropriate for the business.
• Oversee and monitor the implementation of investment, market, interest, credit, liquidity risk management policies and relevant controls
• Identify the opportunities and implement initiatives to efficiently optimize investment risks and return that can optimize capital for the Company
• Establish a comprehensive market risk infrastructure for asset liability, management, trading, (derivatives etc.), hedging the asset portfolio, risk control and monitoring, and etc.
• Collaborate on economic and regulatory capital models, model validations and regulatory in relations of market risk management.
• Provide actionable advice on current and emerging issues for all business lines as well as giving oversight in the management of market risk management systems.
• Act as the second line defence for risk management associated with market risk, liquidity and interest rate risk providing independent challenge of the business
• Determine appropriate benchmarks for the investment portfolio for both performance and risk management purposes
• Develop key risk indicators to monitor the investment and market risks
• Develop tools to assess the investment risk profile
• Provide all the supports and prepare materials for the Board and Committees from Investment and Market risks perspective
• Support the Corporate Projects, such as Gemini, M&A on due diligent and formulating integration strategy and plans, target operating models for Finance and Investment, IFRS 17, etc
• Prepare the relevant regulatory and public disclosures
• Be a market influencer and able to lead the industry practitioners that work with regulators and professional bodes to align industry interest for the new regulations and standardization market practices
• Form a strong and experienced team to delver the tasks as required by the Management and Group Risk Committee
• Be an influencer to C-suite (e.g. CFO, CIO, CRO, CEO, etc) at both Group and Local to implement the frameworks, policies and required controls that can optimize risks and returns and align all stakeholders’ interest, including policyholders.

The Person

• Over 15 years insurance/finance experience in investment and market risk, preferably in Asia
• Financial/actuarial degree from a recognized university
• Sophisticated stakeholder management skill and experience in interaction with boards is preferable
• Understanding of managing investment portfolio for life insurance
• Working knowledge of applicable laws, regulations, rules, codes of conduct across the markets
• Good understanding of investment markets and experience in managing derivatives is plus
• Entrepreneur and Strategic mindset

Information collected will be treated in strict confidence and used solely for recruitment purpose. The company will retain all applications no longer than 24 months of which will be destroyed thereafter. When there are vacancies in any of our subsidiaries, holding companies, associated or affiliated companies of, or companies controlled by, or under common control with the Company during that period, we may transfer your application to them for consideration of employment. We are an equal opportunity employer. We do not discriminate on the basis of race, sex, disability or family status in employment process.