Manager/Assistant Manager, Investments and Asset Liability Management

Employer
AXA Insurance Singapore Pte Ltd
Location
Singapore, Singapore
Salary
Competitive
Posted
Aug 17, 2017
Closes
Sep 20, 2017
Job Function
Other
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors

A glimpse of your daily mission:

 

Lead the formulation and the enhancement of the strategic asset allocation of both life and general insurance businesses to ensure an appropriate matching of the liabilities for new and existing block of businesses so as to obtain the optimal risk-adjusted return on assets whilst achieving capital & solvency efficiency:

  • Participate with the local actuarial team in the elaboration of the results from ALM models
  • Ensure that ALM models are based on sound financial assumptions by assessing investment performance against expectation and recommending necessary changes to financial assumptions
  • Ensure that the Company's ALM Policy and its governance is effective and in line with the AXA Group's investment & ALM standards

Recommend Asset Liability Management strategies to optimize management of the assets for optimal risk-adjusted return within capital & solvency limitations:

  • Manage investment risk related to interest rate, currency, equity and credit risk through dedicated hedging program
  • Study the projection of implicit guarantee rate, book yield and market yield to assess the net investment margin of the various block of business
  • Perform liquidity risk analysis and support the local risk management to monitor the company's risk appetite framework

Contribute to the determination of the companies' investment objectives in the planning process by providing and/or validating economic and investment assumptions:

  • Propose key financial assumptions to be used in the planning process in relation to asset and liability management
  • Enhance asset projection tools to support strategic planning exercise

Responsible for the ALM and Investment reporting:

  • Enhance the investment & ALM reporting framework so as to provide timely and holistic insights into the investment decision making process
  • Ensure together with the finance team that a robust and effective investment & ALM reporting framework is implemented, monitored and in line with the AXA Group's investment & ALM standards

Participate in Monthly Investment Committees:

  • Prepare and present asset liability management related recommendations
  • Liaise with the Regional Investment Committee to ensure proactive and adequate resolution of all outstanding action points

Participate in the development of the partnership with the product team:

  • Support investment & savings-focused propositions, such as structured product by developing and executing clear investment strategies to back the product and proactively managing the associated financial risks, including but not limited to interest rate risks, credit risks, liquidity risks, duration mismatch risks, etc.

Successful qualifier of this mission: 

  • Degree or higher level in Finance, Economics, Actuarial Science or similar subject
  • 4-6 years of experience in asset allocation (both strategic and tactical), portfolio management (involving fixed income, equity and alternative asset classes) and financial markets
  • Investment qualification such as CFA, knowledge of the RBC regime and participating fund management in Singapore desirable
  • Technical understanding and experience in handling sophisticated market instruments (e.g. derivatives)
  • Strong knowledge of software: Word, Excel, Power Point, Bloomberg and VBA programming