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Associate Director / Director, Financial Risk, Asia Risk Management
Manulife Hong Kong
August 8, 2018
Are you looking for unlimited opportunities to develop and succeed? With work that challenges and makes a difference, within a flexible and supportive environment, we can help our customers achieve their dreams and aspirations.
The Asia Financial Risk team provides oversight in the management of market risk, liquidity risk, local solvency risk, asset-liability activities and corresponding exposure against limits for the Asia division including the legal entities through which it operates.
Provide oversight in the management of market risk in particular non-fixed income risk, foreign exchange risk, hedging effectiveness, etc.
Provide oversight in the management of liquidity risk including implementation of various liquidity risk policies in business units, discussion of liquidity risk staging and monitoring of liquidity risk metrics
Work collaboratively with the Group Financial Risk Management to provide insight, challenge and oversight of risk-adjusted returns, recommendation to the Asia CRO, the Head of Group Financial Risk, business unit CROs and the Head of Asia Financial Risk on proposals going to the Asia ALCO and business unit ALCOs, and on new products that introduce market and / or liquidity risk
Propose market risk limits for the Asia Division, enhance the divisional risk appetite limits framework on market risk, liquidity risk and local solvency risk
Work collaboratively with the Group Financial Risk Management on the development and measurement of risk exposures for the division and business units, provide effective support and propose enhancements to timely risk measurement and reporting
Provide effective support to hedging activities to mitigate risk, including Variable Annuity business in the division
Monitor market and liquidity risk exposures against approved limits and be able to clearly explain changes in exposures
Support on various ad hoc stress testing on emerging market and liquidity risk
Coordinate effectively with internal stakeholders including business units, Asset Liability Management, Group Financial Risk Management, Actuarial, etc., ensure Asia and business units ALCOs are operating effectively.
Raise awareness and increase understanding of market and liquidity risk in the division and business units, including risk metrics such as Economic Capital, Earnings at Risk, liquidity ratios, etc.
Minimum of 8 years working experience in the financial services industry, with experience in asset liability management, investment or financial risk management in life insurance industry in the Asian market
O utstanding analytical and conceptual skills
Good technical knowledge of IFRS, CALM, and Canadian capital requirements
Strong communication skills, including ability to translate complex technical issues into fundamental concepts
Effective influencing skills and strong relationship building skills to build strong working relationships and influence outcomes within division and across business units
Manulife Financial Corporation is a leading international financial services group that helps people achieve their dreams and aspirations by putting customers' needs first and providing the right advice and solutions. We operate as John Hancock in the United States and Manulife elsewhere. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions. At the end of 2016, we had approximately 35,000 employees, 70,000 agents, and thousands of distribution partners, serving more than 22 million customers. At the end of 2016, we had $977 billion (US$728 billion) in assets under management and administration, and in the previous 12 months we made almost $26 billion in payments to our customers.
Our principal operations are in Asia, Canada and the United States where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.
Manulife is committed to supporting a culture of diversity and accessibility across the organization. It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will consult with applicants contacted to participate at any stage of the recruitment process who request an accommodation. Information received regarding the accommodation needs of applicants will be addressed confidentially.