FIND YOUR 'BETTER' AT AIA
We don’t simply believe in being ‘The Best’. We believe in better - because there’s no limit to how far ‘better’ can take us.
We believe in empowering every one of our people to find their 'better' - in the work they do, the career they build, the life they live and the difference they make. So that together we can support even more people - including our own - to live Healthier, Longer, Better Lives.
If you believe in better, we’d love to hear from you.
About the Role
• Strategic Oversight of Private Assets: AIA is expected to increase its private assets portfolio (e.g., private credit, private equities and real estate) and enhance the risk management in this area over the coming years. The Associate Director of Private Asset Risk role is dedicated to assessing and managing risks arising from private asset investments, ideally filled by an investment professional with hands-on experience in managing alternative assets and a track record in reputable, multi-national asset management companies.• Main Objective: Develop a comprehensive risk framework for private assets, focusing on intrinsic risks such as liquidity risk, valuation risk, leverage, complexity and concentration. Perform risk assessments on private asset investments covering the strategy, investment process, valuation, models, fund structure, risk monitoring and control aspects. The role is critical in ensuring that the Group has robust and effective private asset investments delivering the expected financial outcome without introducing undue financial or operational risks.
• Collaborative Partnership: Work closely with Finance teams (e.g., Group Capital Management, Group Actuarial, Group Corporate Centre), Investments teams (e.g., Investment Consulting Unit, Investment Governance, head of respective asset classes) and AIA AMCs to perform holistic forward-looking risk management for private assets. This role will also work closely with local Risk, Finance, and Investment teams to support them in executing the private assets risk framework, ensuring efficient resource use, consistency, and systematic knowledge transfer.
Roles and Responsibilities:
- Develop Risk Framework: Develop a comprehensive risk framework for private assets, focusing on intrinsic risks such as liquidity risk, valuation risk, leverage, and concentration.
- Lead Risk Assessments: Assess new private asset investments involving distinct risk profile or complex structures and provide risk insights to senior approvers including Group CRO, CFO, and CIO.
- Independent Risk Reviews: Review existing investments to generate risk insights and improve risk monitoring, management and reporting.
- Stay Updated: Keep abreast of developments in private assets markets, including regulatory changes and industry trends.
- Point of Contact: Act as the principal contact for private assets risk matters with various internal and external stakeholders, providing guidance to the business and ensuring issues are fully identified and properly mitigated with appropriate action plans.
- Ad-hoc Projects: Lead and participate in ad-hoc projects related to private assets based on senior management or Group Office requests or external developments.
Essential Measures of Success:
- Provide timely and insightful risk opinions on private assets-related matters. Providing risk oversight and advice while challenging business decisions and strategies where necessary.
- Develop and maintain sound risk framework and effective governance process over private assets.
- Demonstrate strong capability in building effective relationships with regulators, stakeholders in Group Office and local business units.
Minimum Job Requirements:
- Over 10 years of relevant experience in private assets risk management, with a proven track record in reputable, multi-national asset management companies.
- Good understanding of insurance asset allocation, especially the roles of private assets and its implication on solvency, liquidity and financial metrics.
- Strong written and verbal communication skills with authority and confidence, both to technical and non-technical audiences, are essential.
- Being a qualified actuary is an advantage. CFA or CAIA credentials are also preferred.
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.
