Support the CIO in managing investment assets of both AXA LS and AXA IS to meet the investment objectives as set forth by the company:
Provide support to the CIO in the development of investment mandate to optimize management of the assets for optimal risk-adjusted return within capital & solvency limitations
Participate in selecting the underlying fund managers for the investment mandates for each asset class, and monitor performances and services of the fund managers
Ensure the in-house management of the treasury and cash flow to minimize unproductive operating cash floats and maximize risk-adjusted returns on internal cash.
Ensure the end-to-end investment process is under stringent control with clear accountability and segregation of duties. All parties, the investment team, fund administrators, fund managers, banks and brokers, have to strictly follow standard operating procedures and exert stringent compliance control in the management of the assets to comply with Regulatory and Group guidelines
Evaluate and recommend new investment strategies and review of market opportunities to increase the risk-adjusted return of the assets and optimize solvency
Participate in the formulation and the enhancement of the strategic asset allocation and the investment policy of both AXA LS and AXA IS:
Participate with the local actuarial team in the elaboration of the results from ALM models
Ensures that ALM models are based on sound financial assumptions by assessing investment performance against expectation and recommending necessary changes to financial assumptions
Conduct reviews and update both AXA LS and AXA IS’s investment policy to be aligned with the recommended strategic asset allocations and financial risk limits
Continuously review and enhance for the controls and governance framework around the end-to-end investment process:
Propose key financial assumptions to be used in the planning process in relation to asset and liability management.
Provide assessment of financial strategies and recommend any necessary change.
Monitor and review financial results against investment income objectives and financial risk budget. Ensure together with the finance team that a robust and effective investment compliance framework, policies, procedures and processes are implemented, monitored and in line with the AXA Asia’s investment management standards
Participate in the Monthly Local Investment Committees:
Prepare and present investment-related recommendations
Prepare the process with the Regional Investment Committee to ensure proactive and adequate resolution of all outstanding action points.
Enhanced an integrated investment & ALM reporting system that is effective in providing timely and holistic insights into the investment decision making process
Provide opinions from investment perspectives on the soundness of the investment structures underlying ILP products and the appropriate finance risk management.
Degree or higher level in Finance, Economics, Actuarial Science or similar subject
4-6 years of experience in asset allocation (both strategic and tactical), portfolio management (involving fixed income, equity and alternative asset classes) and financial markets
Investment qualification such as CFA, knowledge of the RBC regime and participating fund management in Singapore desirable
Technical understanding and experience in handling sophisticated market instruments (e.g. derivatives)
Strong knowledge of software: Word, Excel, Power Point, Bloomberg and VBA programming