Responsibilities:

1. Ensure AXA Group’s Standards & Policies on Life & Savings and Health Business are in compliance and followed accordingly with appropriate adaption to AXAHK’s operating condition, if needed.

2. Support Local Audit, Risk and Compliance Committee on all life & savings and health risk related matters, both technically and logistically.

3. Support Life, Health and Financial Risk Director in ensuring an effective 2nd line of defense by providing technical 2nd opinion on:

• Life and Health Insurance assumptions for reporting under Solvency II, EEV, NBV, IFRS and local statutory reserving etc
• Appropriate risks identification in new product pricing and facilitate the development of relevant risk mitigation plans
• Review of inward reinsurance and employee benefit deals, including assumptions, pricing, and monitoring of the portfolio performance
• Appropriateness of experience studies and the tracking of updated experiences to support life and health insurance assumptions setting
• Policyholders’ bonus strategies and Policyholders’ Reasonable Expectation assessment
• Best Estimated Liabilities and reserve 2nd opinion
• Underwriting practices

4. Ensure that comprehensive risk profiles are prepared, maintained and reported in the insurance aspects of AXAHK’s business through close collaboration with front line business partners such as product development, actuarial pricing team etc. When needed, support the annual risk assessment process for specific functional departments.

5. Support Life, Health and Financial Risk Director in assessing reinsurance related activities such as annual retention limits study, catastrophe reinsurance, new or revised reinsurance strategies etc.

6. Support the implementation of AXA Group’s Risk Appetite & insurance risk limits monitoring process by engaging in more technical discussions at the working level, if needed.

7. Ensure proper compliance to various regulatory (e.g. Solvency II / HKRBC) requirements such as:

• Enforcement of internal model policies such as data quality, model governance, change & validation policy etc.
• Support the preparation of the Own Risk and Solvency Assessment Report
• Ensure the “Use Test” requirements are followed such as product pricing and reinsurance decisions are made with proper assessment on the impact to the full range of Risk Appetite metrics

8. Support the assessment of the latest climate risk guidelines from various regulatory bodies (e.g, HKFI, BMA, etc.) and prepare action plan for implementation, including reporting and monitoring to the relevant committees.

Qualifications and Requirements:

• At least 7 years financial services industry experience, preferably in insurance
• Strong knowledge and experience of actuarial processes and controls
• Strong knowledge of the risk management, pricing and/or liability valuation of life insurance products in Hong Kong and China
• Professional designation: Qualified Actuary or close to qualification is preferred
• Strong report writing, presentation and verbal communication skills in English and Chinese

About AXA Hong Kong and Macau

AXA Hong Kong and Macau is a member of the AXA Group, a leading global insurer with presence in 51 markets and serving 94 million customers worldwide. Our purpose is to act for human progress by protecting what matters.

As one of the most diversified insurers in Hong Kong, we offer integrated solutions across Life, Health and General Insurance. We are the largest General Insurance provider and a major Health and Employee Benefits provider. Our aim is to not only be the insurer to provide comprehensive protection to our customers, but also a holistic partner to the individuals, businesses and community we serve. At the core of our service commitment is continuous product & service innovation and customer experience enrichment, which is achieved through actively listening to our customers’ needs and leveraging and investing in technology and digital transformation.

We embrace our responsibility to be a driving force against climate change and a force for good to create shared value for our community. We are proud to be the first to address the importance of mental health through different products and services and thought leading iconic research. Our overall Sustainability Strategy, with emphasis on climate strategy and biodiversity commitment, is developed based on TCFD recommendations. We are committed to integrating environmental, social and governance factors across our business and strive to contribute to a sustainable future through 3 distinct roles - as an investor, an insurer and an exemplary company.

AXA is an equal opportunity employer. We are committed to promoting Diversity and Inclusion (D&I) by creating a work environment where all employees are treated with dignity, respect, and where individual differences are valued. We welcome and treasure diverse profiles to join our big family, and to build an inclusive culture together which allows everyone to maximise their personal potential.

Our people strategies are designed to enhance employee well-being and professional growth, ultimately empowering them to excel within the company.

Click here to learn more about our Benefits (https://www.axa.com.hk/en/benefits) , Culture (https://www.axa.com.hk/en/culture-and-values), & Career Development (https://www.axa.com.hk/en/career-development).