Capital Management Executive wanted at AVIVA – Singapore

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Executive, Capital Management & Prophet
Singapore
PURPOSE OF THE ROLE

Responsible for monitoring and improving the Company’s capital position
Responsible for support and reduce risk to the Prophet modelling within Actuarial team
Responsible for ad-hoc projects (with guidance from supervisors)
Ensure that risks taken in own areas of work are controlled within approved limits.
Ensure key risks have been understood, identified and managed and/that, where concerns or doubts exist, are raised with line management.
Ensure full understanding of FDO and one’s own accountability in delivering these outcomes as applicable to the role.
QUALIFICATIONS

Major in Actuarial Science and/or passed preliminary actuarial papers (under Institute of Actuaries / Society of Actuaries / Institute of Actuaries of Australia)
KNOWLEDGE/EXPERIENCE

Have a working knowledge of Microsoft Excel
Knowledge of Microsoft Access and PROPHET is an advantage
At least 2 years of relevant knowledge and experience in the insurance industry
Fresh Graduates are welcomed to apply

Senior Executive wanted at AVIVA – Singapore

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Senior Executive / Assistant Manager, Insurance and Financial Risk
Singapore
PURPOSE OF THE ROLE
 
Support the CRO in the risk management function with emphasis on insurance risks, capital management and financial risks through the design/review and implementation of risk management policy and framework which are appropriate relative to the business strategy. Specifically, this would involve

Identification, measuring, monitoring and reporting of risks, involvement in the establishment/review of risk tolerance/thresholds, and assessment of controls.
 
Monitoring that the business operates within the approved risk appetite framework and apply risk management strategy, and that the appropriate governance and oversight arrangements are in place to manage effectively the risks.

On-going control effectiveness monitoring / reporting and remediation of control deficiencies. Report on any material control issues identified in the course of regular risk management activity. Provide inputs where appropriate on how controls can be improved.

ACCOUNTABILITIES

Strategic

Responsible for promoting an environment where a risk management culture can flourish.
Operational

Identify, own and manage the operational risks and controls relevant to risk function. Maintain appropriate records and ensure that controls are sufficiently well designed and operating effectively to keep the risks that they mitigate within Aviva’s tolerance level. Report and escalate the status of the relevant risks and controls as appropriate.
Effective Risk Management/Governance

Champion and advocate the ownership of risk management, ensure risks are understood and managed within approved risk appetite.

Ensure key risks have been identified, measured, monitored, managed and reported.

Promote effective risk management and embed risk-based decision making in the business unit (when relevant).

RELATIONSHIPS(INTERNAL & EXTERNAL)

The role needs to have effective relationship with actuarial department (especially pricing, reserving and reporting actuaries), investment department, finance department and regional risk function.
QUALIFICATIONS

(This should include any mandatory MAS qualifications.)

Qualified actuary or experienced life insurance professional with in depth technical skills in financial and insurance risk.
KNOWLEDGE/EXPERIENCE

About 5-7 years of experience in a direct life insurance environment.

Regional Actuarial Risk Manager wanted at AVIVA – Singapore

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Singapore
Context of Asia Regional Office:
 
Asia consists of Life, GI and Pension businesses in Singapore, China, India, Hong Kong, Indonesia and Vietnam.
Most businesses are Joint Ventures where Aviva has management control.
Based in Singapore, the Asia Regional Office has delegated responsibility for all aspects of operations and reports into the Aviva Group headquarters in London, UK
Roles & Responsibilities:

Work closely with the Actuarial, Finance, Investment and Risk Management teams in the various Asia business units and in the Asia Regional Office.
Keep abreast of latest market and regulatory developments in Asian Markets (e.g. C-ROSS in China, RBC 2 in Singapore).

Provide support to Asia businesses on compliance with the life and general insurance risk policies and business standards, and setting of risk appetite.
Provide oversight on compliance with approved risk appetite pertaining to solvency, liquidity and other insurance and financial risk limits.
Monitor and analyse movements of solvency position across Asia business unit.
Conduct stress and scenario testing to assess resilience of solvency profiles.
Review experience studies and actuarial assumptions set by Asia business units.
Review and challenge business plans for Asia Businesses.
Review new product propositions.
Review adequacy of reinsurance arrangement for Asia businesses.
Participate in M&A and other significant business development opportunities and provide independent review of financial models and assumptions (ad-hoc basis).
Qualifications

Degree
Near qualified / Qualified Actuary with 7+ years of experience in life insurance.
Skills/Knowledge

Market knowledge on competitor landscape in Asia
Design and management of insurance products
Financial risk management
Asset liability management
MCEV / C-ROSS/ Solvency II and Economic Capital
Change management
Analytical and problem-solving skills
Good communication and interpersonal skills
Bilingual (Mandarin and/or Bahasa Indonesia is an advantage)