Director of Strategic Initiatives and Emerging Risk

Posted:
8/5/2024, 5:00:00 PM

Location(s):
Hong Kong Island, Hong Kong

Experience Level(s):
Expert or higher ⋅ Senior

Field(s):
Business & Strategy

At AIA we’ve started an exciting movement to create a healthier, more sustainable future for everyone.

It’s about finding new ways to not only better people's lives, but to better the communities and environments we live in. And we build on this every day with our ambition to engage one billion people to live Healthier, Longer, Better Lives by 2030.

And to get there, we need leaders with the courage, clarity and humanity to inspire, guide and support their teams to thrive every day - in the work they do and the life they live. Our leaders always have and will play a vital part in our journey to help more people live Healthier, Longer, Better Lives, build healthier societies and cultivate healthier environments that better everyone.

If you sound like that leader, read on.  

About the Role

The position fulfills the following objectives:
1. To develop a framework and the Group’s capabilities on risk management over the planning period (1-3 years), emerging (3-5 years) and longer-term emerging risks (5, 10 years +)
2. Group Risk Management accountability for the following risks within the Group’s taxonomy / risk landscape:
• Strategic Projects
• Reputation
• Emerging
• Policy
• Climate risks
3. Formalise risk management role and approach to strategic projects including M&A, bancassurance and other corporate development initiatives.

Roles and Responsibilities:

  • Develop playbook for Risk Management in M&A

  • Lead development of CRO opinion papers on strategic projects and annual business plans

  • Lead Group Risk & Compliance (R&C) involvement on strategic initiative projects, bringing in other risk & compliance experts as required. Presenting to Board and executive committees, if needed

  • Represent Group R&C on cross-functional strategic project groups; comprised of Strategy, Legal, Finance (includes Actuarial, Tax etc), IT and other functions depending on the project

  • Train R&C teams and enhance capabilities of relevant colleagues on areas described within position objectives

  • Enhance and subsequently maintain up-to-date risk register for horizon and emerging risks. Ensure risks are understood, controlled and monitored appropriately according to materiality.

  • Ownership of Group Office Corporate Insurances program

  • Support production of executive, Board and regulatory risk reports when required

Minimum Job Requirements:

  • Bachelor or Master’s Degree

  • 20 years’ plus experience in financial services, ideally insurance. Strategy, M&A and corporate development projects experience a must

  • Highly disciplined, detailed and broad thinker with excellent interpersonal, communication and influencing skills

  • Fluent in spoken and written English with ability to present articulately with appropriate level of gravitas

Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.

You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.