Head of Risk Management, Insurance

Posted 01 March 2023
Salary HKD1000000 - HKD1300000 per annum
LocationHong Kong
Job type Permanent
Discipline Financial ServicesInsurance & Insuretech
ReferenceBH-1273
ContactCathleen Chen

Job description

  • Great Remuneration Package
  • Great Working Culture
  • Leading Insurer

company overview.
This well-reputed leading insurer is looking for seasoned risk management professional with solid experience in operational and enterprise risk in insurance sector to join their Local Office to oversee risk function of the firm. You will be reporting directly to the CEO and leading a team of 2, great remuneration package and great working culture will be provided.


job scope.
As the Head of Risk Management for local office in a well-reputed insurer, your key responsibility will be to:


  • Responsible for the overall management and execution of the risk management strategy and activities
  • Maintain an effective risk management framework to identify, assess, manage, monitor and report all material risks 
  • Implement the Operational Risk Management (ORM) framework, including facilitating the Risk and Control Self-Assessment (RCSA) annual work plan, maintaining the Risk Event capture and reporting program, Key Risk Indicators (KRIs) etc.
  • Maintain an effective Enterprise Risk Management framework to ensure compliance with regulatory requirements
  • Support financial risk management requiring hands on involvement with Finance & Investment, Actuarial and Propositions teams with the support from Chief Actuary
  • Enhance the culture of risk management, educate local managers and employees in risk management principles and methodologies
  • Manage the implementation of all aspects of the risk function, including implementation of processes, tools and systems to identify, assess, measure, manage, monitor and report risks
  • Manage the process for developing risk policies and procedures, risk limits and approval authorities
  • Assure the investment, ALM, and the investment portfolios meeting local regulatory and policy requirements, and within agreed risk appetites as approved by the management
  • Conduct risk assessments covering strategic, operational areas and project risks, and followed up on improvement actions with related parties
  • Assist to ensure the business is complied with local and applicable foreign personal data protections laws 
  • Ensure the Business Continuity Plan is effective and coordinate the drill test

requirements.


  • Excellent experience preferably in broad scope of Risk Management; and experience in insurance industry operations;
  • Minimum Bachelor’s degree. Partially or fully qualified in Actuarial, ERM, CFA or other related profession is an added advantage;
  • Over 10 years of working experience in insurance sector in designing and implementation of enterprise risk management framework, including but not limited to cybersecurity, operational, financial risks.
  • Excellent communication skills in both oral and written Chinese & English;
  • Self-motivated and can drive initiatives independently;
  • Great stakeholders management skills
  • Have flexibility to work in a dynamic, multinational and challenging environment.

If you're interested in this role, please click 'apply now'. Alternatively, for a confidential discussion on this role or to find out more opportunities in Risk Management, please contact Cathleen Chen at +852 3653 5247 or via cchen@captarpartners.com