Job Description

Head of Financial & Enterprise Risk

Reporting line: Chief Risk Officer

About This Role

The Head of Financial & Enterprise Risk is a 2nd Line of Defence role supporting the Chief Risk Officer in leading Enterprise Risk Management and Financial Risk. This position is crucial for maintaining an effective risk management framework, overseeing solvency and capital management, and providing strategic insights through financial planning and Own Risk and Solvency Assessment (ORSA). The role also involves fostering relationships with senior management and ensuring alignment with Group and APAC standards.

Key Responsibilities

• Oversee financial risks and appetite thresholds related to Insurance, Capital, Liquidity, and Investment risk.
• Perform 2nd Line of Defence validation of data for the Own Risk and Solvency Assessment (ORSA).
• Ensure effective governance and oversight structures for financial and insurance risks.
• Provide 2nd Line of Defence oversight and challenge on financial risk management, including market, credit, liquidity, and insurance risks.
• Support business compliance with Hong Kong Insurance Authority rules and guidance.
• Oversee stress and scenario testing for ORSA and business plans.
• Develop and maintain the company's risk appetite framework and risk reporting.
• Lead risk education programs to enhance risk culture across the organization.
• Support CRO in risk reporting and analysis for leadership and committees.
• Lead key risk processes including ICRMA, MBS risk initiatives, and policy updates.
• Manage incident management framework and remediation activities.
• Inspire, manage, and develop the Financial and Enterprise Risk team.

Requirements

• Postgraduate qualifications in Business, Finance, or Risk Management preferred.
• Fellowship or advanced professional qualification (e.g., CFA, CPA, MIRM, SOA) with significant post qualification experience in Financial Risk.
• Experience in first or second line risk management roles in financial services or insurance, covering capital, insurance, and liquidity risks.
• Sound knowledge of Insurance Risk Based Capital regime requirements.
• Extensive knowledge of best practice financial and insurance risk management and governance frameworks.
• Demonstrated ability to lead cross-functional teams and enhance risk management practices.
• Exceptional communication skills with a history of engaging and influencing executive and senior management.
• Experience in facilitating risk workshops and stress/scenario tests.
• Experience presenting to senior management on Risk Management Frameworks.
• Solid experience in enhancing risk culture through education and collaboration.
• Proven leadership and management skills, role modeling Bupa values.
• Highest level of integrity with ability to deliver good customer, regulatory, and commercial outcomes.