Chief Risk Officer and Insurance Strategist

15 hours ago


Hong Kong, Central and Western District, Hong Kong SAR China Hang Seng Bank Limited Full time

Overview

Hang Seng Bank Limited is committed to service excellence, continually enhancing our performance for customers and providing best-in-class products and services.

We seek high-calibre talent by offering a dynamic working environment, good career development opportunities, and competitive compensation packages.

Job Summary

As Chief Risk Officer, Hang Seng Insurance Company, you will play a vital role in maintaining a well-balanced risk profile for the bank while enabling businesses to thrive.

You will lead the team to develop, maintain, and enhance risk management and control systems to identify, control, and manage financial and non-financial risks inherent in insurance business.

Responsibilities

  • Act as Chief Risk Officer of Hang Seng Insurance Company Limited and Key Person in Charge of Risk Management of the Insurance Authority to ensure an effective Enterprise Risk Management of the Company.
  • Optimize the risk and reward relationship of insurance business activities and contribute to the Bank's strategy plan.
  • Lead the team and other risk stewards to develop, maintain, and enhance risk management and control systems to methodically identify, control, and manage both the financial and non-financial risks inherent in insurance business.
  • Engage with relevant regulators to ensure compliance of regulatory expectations and requirements in Risk Management.
  • Provide risk challenges and recommendations from a risk perspective for new product development and investment activities of Life Manufacturing Business.
  • Review and challenge proposals in different governance committees including RMM, ALCO, Product Committee, and Investment Committee.
  • Monitor and manage risk and return of investment portfolio of Life Manufacturing business.
  • Oversee and manage key outsourcing risk of Life and Retirement business of Hang Seng Insurance.
  • Collaborate with Group Insurance Risk and other Group Stakeholders to effectively implement all Group's requirements for Life Insurance Business.

Requirements

  • University degree or above in Business Administration, Actuarial Science, or related disciplines, preferably with professional qualifications in Actuary and Risk Management.
  • More than 15 years of relevant experience in risk management of Life Manufacturing Business.
  • Strong leadership and management capability in developing and motivating employees, with excellent communication, interpersonal, analytical, and project management skills.
  • A great sense of ownership and servicing mindset to ensure efficient and effective customer service processes.
  • Proficiency in English and Cantonese. Mandarin is an advantage.

Estimated Salary

$250,000 - $350,000 per year

About Us

Hang Seng Bank Limited is a leading financial institution in Hong Kong, providing a wide range of banking and financial services to individuals and corporate customers.



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