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PRODUCT RISK PRINCIPAL - Actuary

The Remote Group
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1 month ago

PRODUCT RISK PRINCIPAL - Actuary

8-15 Year(s)
150 - 200 Thousand p.m
Manila (Makati)
Manila (Makati)

Job Description

Key Skills

Actuators acturial Insurance Acturial

1 candidate(s) have already applied for this Job. Apply now

Minimum Job Requirements




  • Bachelor's degree in Mathematics, Statistics, Accounting, Economics or Business with over 5 years of solid work experience in the financial industry handling financial and product risks, investments or actuarial, preferably in the insurance industry.

  • Preferably Associate of the ASP or the SOA

  • Preferably CERA track

  • Excellent interpersonal and communication skills and self-motivated.

  • Excellent  written  and  spoken  communication  skills  in  English  and  local language.

  • Independent and be able to work under pressure

  • Organize, analytical with good level of strategic and tactical knowledge

  • Possess strong leadership, coaching and influencing skills; business acumen; problem solving skills

  • Good understanding of process management and design, change management, internal controls and risk management

  • High level of integrity and take ownership and accountability of results




  • The Product Risk Consultant must add value by applying his/her rigorous actuarial training which equips him/her to provide a 360-degree view of the organisation's risk profile, particularly on complex challenges affecting product development, management, and strategy by applying qualitative and quantitative insights and measurement. The Product Risk Consultant must align the Financial and Operational Risks impact to business strategy.



Risk Management and Compliance




  • Performs risk assessment of financial and pricing models, pricing assumptions, profitability analyses together with its impact on operational risk

  • Confidently handle various stakeholders' request

  • Provides risk oversights, challenge and analytic insights on assets, and its interaction with liabilities on the balance sheet in relation to product performance

  • Perform financial and product risk analysis for financial metrics and operational processes related to the AAMP process and outside the AAMP process

  • Perform Risk and Control Assessments (RCA) for financial and product risk related teams

  • Review business case risk analysis related to product initiatives, including agency initiatives

  • Assess business and market risks and how it affects product performance

  • Draft I review and maintain on an ongoing basis, local policies and guidelines to supplement effective implementation of the framework within the Work Scope

  • Implement risk  management   (local  or  Group  Office  driven) initiatives affecting the aforementioned Work Scope.

  • Review product related materials, communication, and other collaterals

  • Review and monitor Product Operational  Risk Assessment (PORA) and its related documents such as the Risk Acceptance (RA)

  • Handle  distribution  channels assigned for product related initiatives.

  • Work with Risk and Compliance teams to define support requirement during the year or at any given circumstance.



Governance and Regulatory Requirements




  • Submits periodic reports/dashboards to  Head of  Risk on all  product  risk and compliance activities.

  • Provides monthly report or quarterly report to Risk and Compliance team for purposes of Risk Committee Meetings.

  • Reports status of Risk and Compliance initiatives/issues to product related management and Risk committees.

  • Design, propose and uphold risk governance and oversight of product- and insurance-risk related business activities.

  • Proactively propose actions as and when the BUs run the risk of breaching appetite, tolerances or limits.

  • Conduct periodic reviews of the overall effectiveness of the end-to-end product development, management and governance processes and propose necessary changes



 



 

Role

NON-BPO

Timings

Day Shift (Permanent)

Industry

NON-BPO

Work Mode

NA

Process

Non-Voice

Functional Area

NON-BPO

Note: Myglit doesn't charge any money from candidates. If you have been asked to pay money to get this job then report to us immediately at support@myglit.com.

MyGlit Jobs |  Jobs |   PRODUCT RISK PRINCIPAL - Actuary in Mumbai & Delhi

Gizelle Maniago

Recruiter - The Remote Group

NA, philippines

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