Risk Analytics Senior Specialist

KEY RESPONSIBILITIES

• Monitor developments in Insurance Authority (IA) Risk-Based Capital (RBC) regulations, solvency requirements, supervisory guidance, and industry practices, assessing their impact on the company's risk profile and capital management framework.
• Provide independent oversight and challenge of RBC calculations, solvency assessments, capital adequacy analyses, and related assumptions prepared by Actuarial, Finance, and other relevant functions to ensure compliance with regulatory requirements and internal governance standards.
• Support regulatory discussions, supervisory reviews, and capital adequacy-related submissions by providing technical risk analysis and capital risk assessments in coordination with Compliance, Finance, and other relevant stakeholders.
• Monitor compliance with Board-approved capital risk appetite thresholds and regulatory solvency requirements, escalating actual or potential breaches through established governance channels.
• Review, challenge, and validate methodologies, assumptions, models, and inputs used in capital adequacy, solvency, financial risk, and stress-testing exercises prepared by Actuarial, Finance, Treasury, and other relevant functions.
• Perform independent analysis of capital, solvency, liquidity, market, investment, credit, and concentration risk exposures to identify emerging risks, trends, vulnerabilities, and potential impacts on the company's financial resilience.
• Ensure appropriate segregation of duties between calculation, validation, review, and approval activities while promoting robust risk governance and independent oversight.
• Develop, maintain, and enhance risk analytics tools, dashboards, key risk indicators (KRIs), and reporting methodologies to support effective risk monitoring and decision-making.
• Monitor the company's capital adequacy position, eligible own funds, solvency levels, and overall financial resilience against regulatory requirements, risk appetite limits, and internal thresholds.
• Assess the risk implications of underwriting strategies, reinsurance arrangements, business growth initiatives, investment decisions, mergers, acquisitions, and other strategic initiatives from an enterprise risk perspective.Review and analyze market risk exposures, including interest rate, equity, foreign exchange, concentration, and counterparty risks, assessing their potential impact on capital adequacy and solvency.
• Independently assess liquidity risk exposures, liquidity stress scenarios, funding vulnerabilities, and liquidity adequacy metrics using information provided by Finance and Treasury, ensuring alignment with risk appetite and regulatory expectations.
• Evaluate the impact of investment portfolio performance, asset allocation decisions, market volatility, and counterparty exposures on the company's risk profile and capital position.
• Design, coordinate, and maintain enterprise-wide stress-testing and scenario-analysis frameworks covering capital, liquidity, investment, underwriting, operational, cyber security, fraud, and other material risk categories.
• Conduct independent stress testing, sensitivity analysis, reverse stress testing, and forward-looking risk assessments to evaluate the company's resilience under adverse, but plausible scenarios.
• Support the development and execution of Own Risk and Solvency Assessment (ORSA) activities by providing risk analytics, capital projections, scenario analysis, and forward-looking assessments aligned with regulatory expectations.
• Collaborate with ORR, Technology & Cyber Security Risk, Anti-Fraud, Finance, and Actuarial teams to incorporate operational, cyber, resilience, fraud, financial, insurance, and emerging risk scenarios into enterprise-wide stress-testing, ORSA, and risk assessment activities.
• Prepare risk analytics reports, dashboards, and management information for the ERM Director, Risk Management Executive Director, management committees, and the Board, highlighting key risk exposures, trends, stress-testing results, and emerging risks.
• Provide independent risk advisory support to business, Finance, Treasury, Actuarial, Underwriting, Reinsurance, Investment, Compliance, and other functions regarding the risk implications of strategic and operational decisions.
• Support the continuous enhancement of the enterprise risk management framework, risk appetite framework, risk reporting capabilities, and capital risk governance practices while promoting risk awareness and analytical capability across the organization.JOB QUALIFICATIONS
• Bachelor’s degree in actuarial science, Finance, Risk Management, Mathematics, Statistics, Economics, or a related quantitative field.
• Professional certification in Risk Management, Finance, Actuarial Science, or related fields is preferred (e.g., FRM, PRM, CFA, actuarial qualifications).
• Minimum 3–5 years of experience in risk analytics, actuarial, capital management, financial risk management, or insurance risk functions, in insurance, banking, or regulated financial environments is highly preferred.
• Working knowledge of Risk-Based Capital (RBC), ORSA, solvency frameworks, and enterprise risk management principles is required.
• Experience in insurance regulatory reporting & compliance, solvency calculations, or capital adequacy assessment is preferred.
• Experience with stress testing, financial forecasting, or risk analysis activities is preferred.
• Knowledge of IFRS 17, insurance accounting principles, and financial reporting is preferred.
• Proficiency in Excel and financial/actuarial modeling & risk analytics tools is required.
• Knowledge of Power BI, SQL, Python, R, VBA, or similar analytical tools is a plus.