Manager – 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 Manager – Financial Risk to join their team in either Melbourne or Sydney. Reporting to the Head of Insurance Risk, within this role you will support the analysis and articulation of the Australian business' (Life and Health) financial (asset and insurance) risks and oversight of the financial risk framework. This will include but not be limited to supporting relevant committees managing financial risk and input into the oversight of asset-liability management, market, credit, liquidity, insurance risk and capital management outcomes.

The successful incumbent of this role will have the opportunity to work closely with the Head of Market Risk, Head of Insurance Risk and Senior Analyst – 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:

• Provide second-line oversight and challenge across asset-liability management, market, credit, liquidity, insurance and reinsurance risk, and capital management outcomes
• Support (and lead as delegated) the development and maintenance of financial risk frameworks, policies and standards
• Support evolution and enhancement of Risk reporting more generally, which may involve collaboration with other Enterprise Risk teams
• Support generation of Capital-at-Risk and Market Risk reporting, ensuring accuracy and insight for decision-making
• Support (and lead where delegated) relevant committees managing financial risk
• Ensure timely and accurate input into the Chief Risk Officer Report as delegated, and other financial risk reporting for Board and Risk Committees.
• Deliver sound advice and analysis on financial risk matters to business stakeholders, influencing strategic decisions.
• Provide input into reinsurance proposals, product pricing, strategic asset allocation reviews, and projects as required from time to time.
• Build strong relationships with Heads of Market Risk and Insurance Risk, Senior Analyst – Financial Risk, and other key stakeholders such as Actuarial, Reinsurance functions, Pricing and Investment teams.

Preferred applicants will demonstrate:

• Fellow of the Institute of Actuaries of Australia (FIAA) qualification, with demonstrated post-qualification experience
• 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
• Strong 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.