Senior Analyst – Financial Risk

BE THE DIFFERENCE

At AIA we don't simply believe in being 'the best'. We believe in better – because there's no limit to how far 'better' can take us. Everything we do is driven by our purpose to make a difference by helping people embrace Healthier, Longer, Better Lives. And every one of our people has an important role to play. If you want to make a difference by helping shape a healthier, better-protected Australia, read on.

The Opportunity:

AIA currently has an opportunity available for a Senior Analyst – Financial Risk to join their team in either Melbourne or Sydney. Reporting to the Head of Market Risk, within this role you will support the analysis and articulation of the Australian business's (Life and Health) financial (asset and insurance) risks, and oversight of the financial risk framework, including supporting relevant committees managing financial risk, and input into the oversight of asset-liability management, market, credit, liquidity, insurance risk and capital management outcomes.

You will have the opportunity to work closely with the Head of Market Risk, Head of Insurance Risk and Manager – Financial Risk to ensure the delivery of sound advice, guidance, analysis and reporting on financial risks to support sustainable business outcomes.

To do this successfully you will:

• Support second-line oversight and challenge of insurance and reinsurance proposals
• Assist in oversight of asset-liability management, market, credit, liquidity risk, and capital management outcomes
• Collate, challenge, and contribute to the development of Key Risk Indicators (KRIs) for financial risk and sustainability reporting
• Support the generation of regular Capital-at-Risk and Market Risk reports, ensuring accuracy and timeliness
• Support relevant committees managing financial risk
• Provide analytical support for financial risk assessments, ad-hoc requests, and projects from time to time, from senior stakeholders
• Contribute to quarterly reporting inputs for market and insurance risk
• Engage with business units to ensure timely collection of KRIs and other risk data
• Recommend and implement improvements to data collection and validation processes to strengthen reliability of risk metrics
• Explore and propose tools or analytics enhancements (e.g. PowerBI, data visualisation) to improve insight and decision-making

Preferred applicants will demonstrate the following:

• Actuarial student studying towards full FIAA qualification
• Previous experience within the Australian life insurance and / or health insurance industry
• A strong understanding of the key drivers of life and health financial risks from capital and ALM perspectives
• Experience working with or understanding of investment environment and derivative use; Value-at-Risk modelling; Reinsurance; and operational risk and compliance considerations
• Sound relationship management skills and the ability to develop cross organisational networks
• Competency with Power BI, Microsoft Excel (including use of macros), Word and PowerPoint
• Experience using Python, R and AI skills may be beneficial for this role

Why choose AIA:

At AIA, we've made a promise to help people live healthier, longer, better lives. And it starts with our own people.

• Access our training and development to build on your current skills
• Career development through internal mobility opportunities
• Work for a business helping millions of Australians and make a difference to someone's life everyday
• Access additional leave days a year to recharge and refresh yourself
• Enjoy wonderful Health and Wellbeing initiatives that support you
• Work with supportive and inclusive managers
• Flexible working arrangement

At AIA Australia, we're proud to help guide, support and protect the wellbeing of over 3.5 million Australians. As part of the AIA Group - the largest independent publicly listed pan-Asian life insurance group – it is our ambition to engage one billion people to live Healthier, Longer, Better Lives by

Lots of companies like to say they're different. What makes us truly different at AIA, is the difference we make in people's lives. We are proud that this difference has been recognised in the 2024 ANZIIF awards by being named Life Insurance Company of the Year.

AIA is different. Are you?

If you want to be part of an organisation that helps people live better every single day, apply via the link.