Job Responsibility:
Assist in the following areas:
Risk Pricing
- Evaluate pricing assumptions, models, and product features for new product proposals.
- Assist in reviewing product profitability, claims experience, and portfolio mix to inform pricing recommendations and enhance product performance.
Stress Testing
- Assist in maintaining and enhancing the stress testing framework, including methodology, documentation, and governance.
- Support enterprise-wide stress testing across market, credit, capital, and operational risks.
- Contribute to scenario development using macroeconomic and financial indicators.
- Support periodic reviews and updates of stress testing assumptions and models to ensure relevance and accuracy.
Capital Management
- Assist in analysing capital adequacy and identifying mitigation actions.
- Support reporting of capital-related risks to Asset Liability Committee Meeting (ALCO).
Actuarial and Risk Analytics
- Conduct experience studies, claims ratio analysis, and trend monitoring to inform pricing, underwriting, and guarantee strategies.
- Apply statistical and actuarial methods to analyse claim emergence patterns, default probabilities, and recovery rates across different guarantee schemes.
- Develop and maintain frequency-severity models for the guarantee portfolio to estimate expected losses, tail risks, and capital requirements.
Governance and Reporting
- Prepare the papers and slides with the key outcomes from the completed analysis to Management and Board Level Committees.
- Ensure timely and accurate reporting aligned with regulatory and internal standards.
Job Requirement:
Qualification: Candidate must possess at least a Bachelor's Degree, Master's Degree and/
Or Professional Degree, in Statistics, Mathematics, Actuarial Science, Economics, Business Administration, Finance, Banking or Accountancy. Progress in actuarial exams under IFoA, CAS, SOA, or equivalent is added advantage.
Experience: More than 4 years of working experience in actuarial and stress testing, and/or in a research-related role, preferably within the credit risk or financial services industry.
Knowledge: Knowledge of SAS, Python, and other statistical or analytical tools used in credit risk modeling will be an added advantage
Skills/ Competencies: Excellent communication and report writing skills. Able to present reports to
Management and Board. Team player and able to work under stress.
