Associate Director, Financial Risk

1 month ago


Wellesley Hills, Massachusetts, United States Sun Life Financial Inc. Full time
You are as unique as your background, experience and point of view. Here, you'll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world.

Job Description:

The Associate Director, Financial Risk Management, Sun Life International supports the Sun Life International CRO and Director, Financial and Operational Risk in overseeing the financial and model risks in Sun Life International's financial reporting, operation, business planning and strategic initiatives, ensuring the risk profile and mitigants are aligned with the Risk Management Framework and Risk Appetite. The role partners with various functional areas in Sun Life international to promote risk culture, serves as the financial risk and model risk knowledge resource for Sun Life International teams and as the expert to provide inputs and supports the CRO and Director, Financial and Operational Risk in reviewing and challenging 1st LOD management decision-making process in various risk topics such as risk capacity utilization, risk / return trade-off for business initiatives.

What you will do:
  • Providing oversight which allows for the effective development and management of processes for assessing key risk exposures for Sun Life International (including emerging risks), supporting coordination with all functional areas to develop a comprehensive in-depth risk exposure profile for the business overall; updates on an ongoing basis as new risks emerge.
  • Provides expertise / guidance to BU functional areas in the key risk identification and emerging risks processes. Involved in discussions related to risk capacity utilization, challenge of BUs in decision-making process for addressing risk issues (risk limits, risk capacity utilization, risk / return trade-off, etc.).
  • Actively engage with ALM and investment area to look for opportunities with a risk lens to enhance the risk/return profile with proper hedging investment strategies for existing block and for new business. Collaborate with product development, distribution and underwriting to manage the product development process with a risk-based view.
  • Bridge Corporate/Asia Model Risk Manage and Sun Life International to provide guidance on model risk management practice. Oversee the Models and End User Computing (MEUC) tools inventory, model testing/validation reporting.
  • Builds collective knowledge of Risk Management by sharing best practices around technical risk content and provides/facilitates training on risk-based issues as required
  • Works collaboratively across all functional areas in Sun Life International to ensure sufficient oversight and challenge is being delivered in support of Enterprise Policies.
What you will need to succeed:
  • Excellent financial and business acumen will enable this individual to communicate effectively with members of finance, risk management, actuarial teams, and senior management.
  • Excellent communication and presentation skills are essential.
  • Excellent relationship building and influencing skills, adaptability, and credibility are essential traits. The individual must be self-assured and capable of working effectively with functional area leaders.
  • In-depth understanding of all key financial risks is a key aspect of this role, especially the risks embedded in life products for HNW and UHNW market.
  • A team-based, collaborative management style.
  • Must have a big-picture, strategic perspective, be well-organized and possess strong attention to detail.
Required Education and Experience:
  • 7+ years' in-depth experience in the life insurance industry, including in-depth experience in enterprise risk management.
  • University degree (Bachelor's degree or higher).
  • FSA or ASA (or equivalent) required.
  • Self-motivated, organized and able to manage multiple tasks with a high degree of accuracy while working toward challenging goals and deadlines.
  • A strong team player with demonstrated experience collaborating with others.
  • Strong written and verbal communication skills with the ability to confidently and clearly communicate complex issues to a variety of audiences.
  • Strong influencing skills to engage senior leadership and partners
  • Willingness to work non-standard hours, oftentimes having to liaise with other Sun Life offices after regular office hours, due to these being located in other time zones.
  • Cultural awareness and openness to persons from an array of different countries and backgrounds.
  • Ability to balance the paradoxical objectives of asserting independence in providing effective challenge to business propositions, while acting as a trusted advisor and enabler of business strategy.
Our Affirmative Action Program affirms our commitment to make reasonable accommodation to the known physical or mental limitation of otherwise-qualified individuals with disabilities or special disabled veterans, unless the accommodation would impose an undue hardship on the operation of our business. Please email to request an accommodation.

At Sun Life we strive to create a flexible work environment where our employees are empowered to do their best work. Several flexible work options are available and can be discussed throughout the selection process depending on the role requirements and individual needs.

For applicants residing in California, please read our employee California Privacy Policy and Notice.

Job Category:

Actuarial

Posting End Date:

25/07/2024

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
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