Vice President, In-Force Management

4 months ago

Kuala Lumpur, Kuala Lumpur, Malaysia Great Eastern Malaysia Full time
Discover the GREAT in your career.

As a LIFE company, our customers are at the heart of all that we do. Being one of Asia's leading insurer for over a century, we have built a long-lasting legacy of trust with our customers over many generations. At the foundation of this trust is Integrity, Initiative, and Involvement - from the way we treat every customer relationship with honesty and transparency, to our proactive approach of delivering the best possible solutions in both life and general insurance.

Integrity, Initiative, and Involvement is what guides us. It is what makes us do the right thing, take the lead, and choose 'we' over 'me'. Our mission is to make life great for our customers because we understand what matters most to them, and we know how to help them protect it.

If you are looking to grow in an exciting career filled with opportunities and potential, we are seeking a professional to join our team as Vice President, In-Force Management.

Job Purpose

This role focuses on overall management of GELM, GETB and GEGM's balance sheet and asset-liability positions. The incumbent will support the Head of Division to play the role of Manager 2 ("M2") under the 3-Manager Framework and will have profit & loss responsibility for the Tactical Asset Allocation ("TAA") given to M2. In addition, he or she will formulate in-force management strategies and in turn, establish and lead task force to implement the initiatives to achieve the desired results on time, within allocated resources and according to agreed quality requirements. The key focus will be on the profitability of the medical portfolios.

The Job
  • Responsible to highlight the profit & loss of M2's TAA mandates. This includes the preparation of periodical reporting for ALM monitoring, Fund Transfer Pricing (FTP) and Liquidity monitoring.
  • Oversee the Asset-Liability Management ("ALM") process and conduct hedging activities, where applicable to manage structural balance sheet mismatch. This includes the maintenance and annual review of the Strategic Asset Allocation (SAA) technical model formulating the Asset Liability Optimisation by taking into account of liquidity, earnings volatility, reinsurance, capital, free surplus management, etc.
  • Upon Management action trigger ("MAT"), propose hedging strategy, where applicable, to protect solvency position per hedging policies.
  • Oversee and mitigate balance sheet risks associated with interest rate, foreign exchange, liquidity, return variability, basis mismatch, etc.
  • Liaise with M1 and M3 on deployment of balance sheet strategies. Custodian of the Internal Capital Adequacy Assessment Process ("ICAAP") framework and reporting as well as being responsible for formulating the regulatory capital management optimisation.
  • Take accountability in considering business and regulatory compliance risks and take appropriate steps to mitigate the risks.
  • Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
  • Highlights any potential concerns /risks and proactively shares best risk management practices.
Our Requirements
  • Possess a bachelor's degree in Accounting, Finance, Actuarial Science or Economics
  • At least 10 years of working experience in In-force Management or Treasury related role and equipped with analytical skillsets
  • Has sound knowledge of financial and investment management strategies
  • Has analytical, with strong negotiation and organisational skills
  • Well-spoken with good problem-solving skills. Has strategic business partnership experience
  • High level of integrity, takes accountability of work and good attitude over teamwork.
  • Takes initiative to improve current state of things and adaptable to embrace new changes.
Great Eastern Malaysia is committed to Equal Employment Opportunity, and all qualified applicants shall receive a fair and equal consideration for employment.

Location: HQ, Kuala Lumpur

Entity: Great Eastern Life Malaysia

Employment Type: Permanent

About Great Eastern

Established in 1908, Great Eastern places customers at the heart of everything we do. Our legacy extends beyond our products and services to our culture, which is defined by our core values and how we work. As champions of Integrity, Initiative and Involvement, our core values act as a compass, guiding and inspiring us to embrace the behaviours associated with each value, upholding our promise to our customers - to continue doing our best for them in a sustainable manner.

We work collaboratively with our stakeholders to look for candidates who exhibit or have the potential to embrace our core values and associated behaviours, as these are the key traits that we expect from our employees as they develop their careers with us.

We embrace inclusivity, giving all employees an equal opportunity to shine and play their role in exploring possibilities to deliver innovative insurance solutions.

Since 2018, Great Eastern has been a signatory to the United Nations (UN) Principles of Sustainable Insurance. Our sustainability approach around environmental, social, and governance (ESG) considerations play a key role in every business decision we make. We are committed to being a sustainability-driven company to achieve a low-carbon economy by managing the environmental footprint of our operations and incorporating ESG considerations in our investment portfolios; improving people's lives by actively helping customers live healthier, better and longer; and drive responsible business practices through material ESG risk management.

Great Eastern Malaysia is committed to Equal Employment Opportunity, and all qualified applicants shall receive a fair and equal consideration for employment.

To all recruitment agencies: Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.

  • Sustainability Vice President

    1 week ago

    Kuala Lumpur, Kuala Lumpur, Malaysia TIME's group Full time

    Environmental Sustainability LeadershipCIMB Group is seeking a seasoned professional to lead its environmental sustainability efforts. As Vice President, Energy Sustainability, you will be responsible for developing and implementing policies and practices to reduce energy consumption and cut emissions.Key ResponsibilitiesDevelop and implement a comprehensive...

  • Assistant vice president/vice president, corporate finance advisory

    1 month ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Hong Leong Group Full time

    Assistant Vice President/Vice President, Corporate Finance Advisory Corporate Finance & Investment Banking (Banking & Financial Services)Full time Assist Team Lead to oversee the team's operations and handle corporate finance related matters. Responsible for the provision of corporate advisory and related services to clients. Preparation of pitch books and...

  • Assistant vice president/vice president, corporate finance advisory

    1 week ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Hong Leong Group Full time

    Assistant Vice President/Vice President, Corporate Finance Advisory Corporate Finance & Investment Banking (Banking & Financial Services)Assist Team Lead to oversee the team's operations and handle corporate finance related matters. Responsible for the provision of corporate advisory and related services to clients. Preparation of pitch books and mandate....

  • Vice President, Energy Sustainability Expert

    2 weeks ago

    Kuala Lumpur, Kuala Lumpur, Malaysia TIME's group Full time

    Job SummaryWe are seeking a highly skilled Vice President, Energy Sustainability to join our team at TIME's Group. As a key member of our organization, you will be responsible for leading our efforts in reducing energy consumption and emissions.Key ResponsibilitiesDevelop and implement policies and practices to reduce energy consumption and cut...

  • Executive Vice President

    2 weeks ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Crowe Malaysia PLT Full time

    About the RoleWe are seeking a highly skilled and experienced professional to join our team as an Executive Vice President. This is a key leadership role that will play a critical part in driving business growth and development.Key Responsibilities:Client Acquisition and Relationship Management: Assist the VP and SAD in acquiring new clients and building...

  • Financial Planning Assistant Vice President

    1 week ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Personal Choice Financial Advisors, LLC Full time

    Job SummaryWe are seeking a highly skilled Assistant Vice President Financial Planning to join our team at Personal Choice Financial Advisors, LLC. The successful candidate will be responsible for assisting in Group Performance Reporting, Expense Management, and Budget/FTP/Support function to ensure timely and accurate reporting of financial analysis to...

  • Executive Vice President

    2 weeks ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Crowe Malaysia PLT Full time

    About the RoleCrowe Malaysia PLT is seeking an experienced Executive Vice President to join our team. As a key member of our leadership team, you will be responsible for driving business growth and development.Key ResponsibilitiesBusiness Development: Identify and pursue new business opportunities to drive revenue growth and expand our client base.Leadership...

  • Assistant Vice President, Credit Operations Specialist

    2 weeks ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Public Bank Berhad Full time

    Key ResponsibilitiesAs a key member of the Public Bank Berhad team, the Assistant Vice President, Credit Operations will be responsible for:Evaluating and Approving Credit ProposalsReviewing Credit Policy and Providing Lending DirectionsEnsuring Credit Propositions Meet Bank's Established Credit PolicyManaging and Guiding the Team in Credit...

  • Assistant Vice President, Policies and Framework

    2 weeks ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Public Bank Berhad Full time

    Assistant Vice President, Policies and FrameworkAs a key member of the Risk Management Division at Public Bank Berhad, you will play a crucial role in reviewing and updating credit policies to ensure compliance with regulatory requirements.Key Responsibilities:Policy Development and ReviewDevelop and maintain credit policies and procedures that align with...

  • Senior Vice President of Loan Operations

    2 weeks ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Citigroup Inc. Full time

    Job SummaryCitigroup Inc. is seeking a highly skilled and experienced professional to fill the role of Senior Vice President of Loan Operations. This position is responsible for managing complex loan documentation processes and ensuring compliance with regulatory requirements.Key ResponsibilitiesManage and oversee the preparation and review of loan...

  • Senior Vice President

    2 weeks ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Guy Carpenter Full time

    Guy Carpenter is actively seeking candidates who are resourceful, and looking to develop their career, working within a highly collaborative, market leading Team at Corporate Tower 8, Pavilion Damansara Heights office.Senior Vice President - Treaty Reinsurance BrokerWhat can you expect? The Senior Vice President Broker works as the key contact person for the...

  • Senior Vice President of Loan Operations

    1 week ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Citigroup Inc. Full time

    Job SummaryWe are seeking a highly skilled Senior Vice President to lead our Loan Documentation and Processing team. As a key member of our Operations - Transaction Services team, you will be responsible for managing complex loan documentation processes and ensuring compliance with regulatory requirements.Key ResponsibilitiesManage and oversee the...

  • Senior Vice President, Financial Institutions Group

    1 week ago

    Kuala Lumpur, Kuala Lumpur, Malaysia United Overseas Bank Ltd. Full time

    Job Title: Senior Vice President, Financial Institutions GroupUnited Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of around 500 offices in 19 countries and territories. We are seeking a Senior Vice President, Financial Institutions Group to join our team.About the RoleThis role requires the incumbent to manage and oversee Know...

  • Executive Vice President

    2 weeks ago

    Kuala Lumpur, Kuala Lumpur, Malaysia alrajhi bank Malaysia Full time

    About the RoleWe are seeking an experienced and strategic leader to join our team as an Assistant Vice President - Digital Transformation at Al Rajhi Bank Malaysia. As a key member of our organization, you will be responsible for leading the overall leadership and execution of our retail digital program.Key ResponsibilitiesProgram Leadership: Oversee the...

  • Assistant Vice President, SME Credit Specialist

    2 weeks ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Greenwood Municipal Federal Credit Union Full time

    About the RoleWe are seeking a highly skilled and experienced Credit Risk Manager to join our team at Greenwood Municipal Federal Credit Union. As Assistant Vice President, SME Credit, you will play a critical role in ensuring the credit underwriting standards, processes, and policies are followed and recommending approvals for credit applications.Key...

  • Vice President, Regulatory Compliance Specialist

    2 weeks ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Affin Bank Full time

    About the RoleWe are seeking a highly skilled and experienced professional to join our team as a Vice President, Regulatory Audit. As a key member of our Internal Audit department, you will play a critical role in ensuring the effectiveness of our internal processes and controls, and providing independent assurance and consultative activities to enhance our...

  • **Assistant Vice President, Deposits Product Strategist**

    2 weeks ago

    Kuala Lumpur, Kuala Lumpur, Malaysia TIME's group Full time

    Job SummaryWe are seeking a highly skilled and experienced professional to join our team as an Assistant Vice President, Deposits Product. The successful candidate will be responsible for proposing and executing Deposits Acquisition initiatives for the growth of CASA & FD balances and implementing product marketing to support the launch of new products and...

  • Vice President

    1 month ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Guy Carpenter Full time

    Guy Carpenter is actively seeking candidates who are resourceful, and looking to develop their career, working within a highly collaborative, market leading Team at Corporate Tower 8, Pavillion Damansara Heights office.Vice President – Reinsurance Treaty BrokerWhat can you expect? The VP Broker works as the key contact person for the assigned clients,...

  • Vice President of Human Resources

    2 weeks ago

    Kuala Lumpur, Kuala Lumpur, Malaysia adi Group Full time

    Company Overview:We are a dynamic and innovative startup, part of the Adi Group, that has been making significant strides in the APAC region since its inception. With remarkable growth and a team of over 120 employees, we are well-positioned for continued expansion. Our company is dedicated to innovation and building a thriving, inclusive workplace.Position...

  • Senior Vice President of Corporate Finance

    2 weeks ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Robert Walters Full time

    About the RoleWe are seeking a highly experienced and knowledgeable Senior Vice President to lead our Corporate Finance division. As a key member of our team, you will be responsible for managing the daily operations of the team, providing leadership and guidance to staff, and ensuring regulatory compliance.Key ResponsibilitiesManage day-to-day operations of...