Assistant Manager, Investment Strategy and ALM Risk Management

Sun Life Hong Kong Ltd • Full Time • Hung Hom, Hong Kong, HK • 4d ago

Support the review and ongoing monitoring
University degree in Actuarial Science, Finance
Perform Asset Liability Management (ALM) analysis

You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do.

At Sun Life, we're driven by our Purpose: helping our Clients achieve lifetime financial security and live healthier lives. Our values shape how we work: caring, authentic, bold, inspiring, and impactful.

When you join Sun Life, you'll work with passionate colleagues and empowering leaders who support your growth and celebrate your contributions, so you can make a meaningful difference in our Clients' lives.

Discover how you can make a difference in the lives of individuals, families and communities around the world.

Job Description:

The Assistant Manager, ALM Investment Strategy and ALM Risk Management supports the development, implementation and monitoring of ALM investment strategies and market risk management activities for Sun Life Hong Kong’s in-force portfolios.

Job Description

Support the review and ongoing monitoring of Portfolio Policies and Parameters, investment strategies, portfolio benchmarks and investment performance to ensure alignment with liability characteristics, financial objectives, risk appetite and governance requirements.
Perform Asset Liability Management (ALM) analysis, including asset and liability cash flow assessment, duration and key rate duration analysis, market risk sensitivities, liquidity assessment and identification of currency or duration mismatches.
Conduct investment strategy and portfolio analysis across asset classes, including fixed income, credit, derivatives, foreign exchange, equity and surplus investments.
Support hedging analysis, including evaluation of hedge effectiveness, hedge costs, market movements and changes in underlying assumptions.
Monitor and explain movements in investment performance, earnings-at-risk, capital-at-risk and other relevant ALM and market risk metrics.
Perform scenario analysis and evaluate the impact of changing economic and market conditions on portfolio positioning, financial performance and risk exposure.
Support ALM governance activities and preparation of analysis, recommendations and materials for ALCO and other relevant governance forums.
Work closely with Investment, Actuarial, Finance, Risk, Regional Office ALM and other stakeholders to reconcile information, validate assumptions and ensure consistency of ALM analysis.
Translate complex ALM and investment analysis into clear business insights and recommendations, with appropriate documentation of methodologies, assumptions, conclusions and key risks.
Identify and escalate material risks, exceptions and non-standard matters in a timely manner, while independently managing defined analyses and recommendations.
Uphold the company's commitment to the fair treatment of clients by ensuring relevant solutions and recommendations are appropriate, transparent and aligned with clients' needs and best interests.

Qualifications

University degree in Actuarial Science, Finance, Economics, Mathematics, Statistics, Risk Management, or a related discipline.
Typically 4 to 6 years of relevant experience in ALM, actuarial, investment, risk management, financial reporting or a related financial services function.
Solid knowledge of asset liability management, investment strategy, insurance balance sheets, market risk management and financial reporting concepts.
Good understanding of major asset classes and investment considerations, including fixed income, credit, derivatives, foreign exchange, equity, liquidity and surplus investments.
Strong analytical and problem-solving capabilities, with the ability to assess interconnected financial, investment and risk issues and communicate key implications clearly.
Strong modelling, data analysis and documentation skills, particularly using Excel and other analytical tools.
Ability to work independently on defined analyses while exercising sound professional judgment and escalating complex or material matters appropriately.
Strong written and verbal communication skills, with the ability to collaborate effectively with technical and non-technical stakeholders.

Preferred Skills

Experience within the life insurance industry, particularly in ALM, investment strategy, portfolio management, actuarial, finance or risk functions.
Practical experience in investment strategy reviews, portfolio monitoring, hedge analysis, capital or earnings sensitivity analysis, and ALCO governance.
Ability to interpret and analyse asset and liability cash flows, duration, key rate duration, earnings-at-risk, capital-at-risk, liquidity and investment performance metrics.
Knowledge of IFRS 17, local capital requirements, ALCO governance, portfolio mandates and insurance product economics.
Familiarity with actuarial, investment, risk management or other relevant analytical systems.
Strong stakeholder management skills, with the ability to communicate complex technical analysis and trade-offs in concise, business-oriented language to Investment, Actuarial, Finance, Risk and senior management stakeholders.

At Sun Life, we’re driven by our Purpose: to help Clients build lifetime financial security and lead healthier lives. Across Asia, we cultivate a High-Performance, Caring Culture that empowers our people to achieve outstanding results, embrace continuous growth, and create meaningful impact. We succeed together by fostering an inclusive environment where wellbeing, collaboration, and accountability are equally valued.

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