Life Risk Manager

Job Title

Life Risk Manager

Reports To

Head of Life Risk Management

Division/Department

Office of the President

Job Purpose

To develop and maintain a best-practice risk management capability that is embedded across the business.

To develop and drive a sound, open and pro-active risk culture, working closely and collectively with functional units to support management in ensuring their key risks are identified, assessed, reported and managed.以拼音方式閱讀

Key Result Areas

Major Activities

1 – Risk management framework

•  Ensure that effective risk management framework is established and implemented to comply with AXA Group, regional and relevant international and statutory risk management standards.

•  Assist management in identifying and assessing the risks which they face including emerging risks. Understand the operating environment, and assist and guide each function to develop risk control measures and mitigation strategies.

•  Continually improve and identify new and effective risk metrics that inform management about trends in risk outlook for targeted areas of risk.

2 – Formal risk opinion

•  Provide pro-active, formal second opinion on key financial or other business decisions, including but not limited to investments, ALM, product development & pricing, capital management, distribution compensation.

•  Actively contribute in certain management committees, such as the Product Management, Investment & ALM, and Audit & Compliance committees.

•  Express opinions clearly and ensure key issues are highlighted and addressed, ensuring that any proposals are compliant with Regional and/or Group standards, mitigation actions are implemented, submissions to Regional Risk committee are of high quality.

3 – Risk culture

•  Participate in the company's Risk committee to ensure that senior management regularly reviews the risk profile of the business and associated mitigation plans.

•  Drive a sound risk culture, promoting open discussion within the business, debate and challenge across functional units, independent peer review as norm in key decisions, pro-active management of risks & issues.

•  Work closely and collectively with functional units to support management in ensuring their key risks are identified, assessed, reported and managed.

•   Provide high-quality input to product development teams to contribute to good product design, pricing & governance, to investment teams during ALM or other investment proposals to ensure proper asset strategies, and the like.

A global leader in insurance and investments, AXA takes care of 103 million lives in 64 countries worldwide. We actively invest in pioneering and personalized solutions to meet your ever-changing needs and exceed your expectations. In the Philippines, we are in partnership with Metrobank, one of the country's strongest banks.

Established in 1999, AXA Philippines is one of the largest and fastest growing life insurance companies in the country. It offers financial security to more than one million individuals through its group and individual life insurance as well as general insurance products through its subsidiary Charter Ping An.

AXA Philippines is one of the first to introduce bancassurance operations in the country, and is among the pioneers in the investment-linked insurance sector.

AXA now offers a complete range of products for all its customers' insurance and financial protection needs, including savings and investments, health plans, income protection, and health coverage; and through its general insurance subsidiary Charter Ping An Insurance Corporation\: fire, motor car, marine cargo, personal accident, bonds, casualty, and engineering insurance products.

AXA Philippines closed 2017 with P26.4 billion in total premium income and P5.7 billion in gross written premiums from Charter Ping An. Today, AXA has more than 4,000 financial advisers in 36 branches, and 700 financial executives in over 900 Metrobank and PSBank branches nationwide. Charter Ping An, on the other hand, has 22 branches nationwide and 2,007 agents.

AXA Philippines is a joint venture between the AXA Group, headquartered in France, and the Metrobank Group, one of the largest financial conglomerates in the Philippines.

The Metrobank Group is a conglomerate of industry-leading businesses that includes First Metro Investment Corporation, Metrobank Credit Cards, Federal Land, Toyota, and Manila Doctors Hospital. It was hailed Best Bank in the Philippines in 2010, 2011, and 2012 by Euromoney and recognized as the strongest bank in the Philippines by The Asian Banker in 2013. It is owned by the Ty Family whose major business interests include financial services, real estate development, power, and manufacturing.

Skills and Knowledge

Educational Qualifications

Relevant Experience

•  Associate member of a recognized actuarial institute, CERA or member of other risk institutes preferred.  Less than this generally qualifies for officer level only.

•  Graduate degree (post-graduate, preferred) in Mathematics, Actuarial Science, Statistics, Economics or other course relevant to Risk.

•  About 5 years experience in financial services, including minimum 2 years in life insurance actuarial or related work.  Less than this qualifies for officer level only.

•  Experience in asset-liability management, product pricing and development, investment, capital management, financial analysis and projection, valuation or similar work.

Personal Characteristics/Behaviors

Other Requirements

•  Demonstrable leadership, and strategic and critical thinking.

•  Effective at analyzing problems, synthesizing relevant information, identifying key issues and recommending appropriate solutions.

•  Able to collaborate effectively with multiple customers and/or colleagues outside own team.

•  Excellent verbal and written English communication skills required

•  Good negotiation and influencing skills