Hong Leong Assurance Berhad Hiring! Full Time Financial Risk Manager in Selangor - Ricebowl

The Manager, Financial Risk is responsible for leading financial, investment, and credit risk assessments, monitoring, and analytics to ensure alignment with regulatory requirements and internal risk management practices. This position offers an excellent opportunity to develop skills in financial risk analysis, capital adequacy stress testing, and regulatory compliance.

Job Responsibilities

1. Financial Risk Management & Governance

• Develop, review and enhance financial risk management policies, frameworks and procedures to ensure alignment with regulatory requirements, industry best practices and organisational risk appetite.

2. Investment & Credit Risk Oversight

• Monitor and assess investment, market, credit and liquidity risk exposures across the Company's investment portfolio.
• Perform independent credit reviews and provide risk assessments on investment proposals and counterparties.
• Review and monitor derivative risk exposures, including capital adequacy implications, sensitivity analysis and transaction controls to ensure compliance with regulatory and internal requirements.

3. Capital Management & Stress Testing

• Support and lead risk assessments relating to the Internal Capital Adequacy Assessment Process (ICAAP), including stress testing, scenario analysis and capital adequacy evaluations.
• Lead the review of Group Internal Target Capital Level (GITCL) and support group-wide capital management initiatives.
• Coordinate with subsidiaries and stakeholders across the Group on ICAAP, stress testing and capital planning matters to ensure a consistent and robust capital management framework.

4. Risk Reporting & Stakeholder Management

• Prepare insightful risk dashboards, management reports and presentations on investment, credit, market and capital risks for Senior Management, Investment Committee, Group Board Risk Management Committee (GBRMC) and Board-level discussions.
• Provide analytical insights and recommendations to support strategic decision-making and risk oversight across the Group.

Job Requirements

• Bachelor's Degree in Actuarial Science, Finance, Economics, Accounting, Risk Management or related disciplines.
• Minimum 8 years' relevant experience in financial risk management, actuarial, investments, finance or capital management within the insurance industry.
• Good understanding of Risk-Based Capital (RBC), ICAAP, Investment and Credit Risk, Asset Liability Management (ALM), Stress Testing
• Lead, guide & support team/group members in the team to achieve relevant KRAs.
• Provide support to team/group members where necessary within department & across units.
• Strong analytical and problem-solving skills.
• Excellent report writing and presentation skills.
• Proficient in Excel, PowerPoint and financial analytics tools.
• Able to communicate effectively with senior stakeholders and regulators.
• Lead, guide & support team/group members in the team to achieve relevant KRAs.
• Provide support to team/group members where necessary within department & across units.
• Support overall relevant assigned tasks.