About this Assistant Manager, Financial Risk & Hedging Solutions role at Transamerica
Transamerica · Onsite · Hong Kong TLB, Hong Kong
Job Description Summary
The key result indicators for this role are:• Support the development and implementation of ALM strategy, including derivative-based hedge programs
• Develop new and maintain existing ALM tools and reports
• Assist with ALM-related Economic Capital management and reporting
• Assist with Financial Risk Management (FRM) reporting and analysis (including investment risks and underwriting risks)
Job Description
Job Description:
- Support analysis and decision-making for ALM strategy and initiatives, including strategic asset allocation and investment strategy, interest rate risk management (e.g., asset/liability duration matching, key rate duration analysis, Economic Capital management), and risk tolerance and limit setting.
- Provide ALM support for new product development activities.
- Support derivative-based hedging activities, including day-to-day operations (e.g., collateral management) and performance monitoring. Enhance process efficiencies.
- Support activities for the Asset/Liability Management & Investment Committee, the Risk & Capital Committee, and the Board of Directors.
- Develop new and maintain existing ALM dashboards and reports. Enhance process efficiencies.
- Develop a good understanding of different reporting bases (HK/Singapore/Bermuda regulatory and internal Economic Framework).
- Support FRM related reporting and analysis
- Review liquidity testing and support liquidity model enhancements
- Support business planning and other ad hoc projects related to ALM and capital management.
Job Requirements:
- Bachelor’s degree in Actuarial Science, Mathematics, or a related discipline
- 5–7 years of relevant experience in the life insurance industry
- Strong English communication skills (written and verbal)
- Solid knowledge of life insurance products, financial risk management, and risk-based capital frameworks
- Programming capability, particularly Excel VBA; experience with actuarial software (e.g. RAFM, MoSes) is an advantage
- Understanding of ALM, market-consistent valuation, and derivatives used for hedging (interest rate and equity)
- High attention to detail, with the ability to work independently and navigate ambiguity
- Adaptable and influential, able to think innovatively and persuade stakeholders in a changing environment
Equal Opportunity Employer
Aegon Asia provides equal employment opportunities for employees and applicants throughout the employment life cycle, including recruitment and selection, promotions, transfers, training and development, compensation and benefits, performance management, disciplinary procedures, Company-sponsored social and recreational programs and termination. No one will be discriminated against because of race, color, religion, sex, age, national origin, sexual orientation, gender identity, pregnancy, family circumstances, physical or mental disability, marital status, participation in the uniformed armed services or any other status protected by law.
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