Insurance risk oversight and reporting, including

• Oversight and support of data processes, calculations and reporting of key insurance risk metrics
• Production and presentation of insurance risk management information (monthly insurance risk reporting) to AFS Board and AGL Exco committees
• Check and challenge of key insurance risk metrics
• Responsible for monthly EC calculations and reporting
• Attend, check and challenge Life risk forums
• Consolidation and review of the published Insurance risk disclosures (Booklet and Insurance Risk Note)
• Consolidation / drafting of the insurance risk sections of the AGL ICAAP and relevant sections of the ORSA report
• Consider how other group wide policies impact insurance specific policies and standards.

Product and pricing reviews

• Performing and reporting on product reviews
• Assess the insurance and financial risk exposure of proposed new product development
• Provide assurance to relevant stakeholders regarding the appropriateness of pricing structures and terms and conditions of new products or product changes
• Reviews and signs-off on various product reprice, refinements / amendments.
• Supporting the A&I PRC as an advisor on actuarial matters
• Act as an assurance partner in the NAPA process by providing sign-off from a financial risk management perspective for life and non-life insurance and sitting on the respective PRC committees as a voting member.

Model governance and model risk oversight

• Responsible for end-to-end oversight of model lifecycle controls
• Preparation of Model Risk reporting and management & Report on insurance model risk management in the relevant AFS and AGL forums
• Refresh of the Model Risk Management Framework, Policy and Standard(s)
• Chair the model governance and control forum (MGCF) and attend AGL Model Risk Committee
• Present Insurance Model Risk updates to the AGL Models Committee annually
• Annual Review, update, governance approval & training of the Model Risk Framework and reviews of the supporting policies for AFS Group
• Evaluates and provides advice on the development and use of internal models.
• Act as the co-ordination point between model principal risk team and insurance operations

Support Group HAF activities

Financial Position review

Reinsurance Adequacy review

Stress and scenario testing review

Support MTP and ACS processes

• Support business with MTP and ACS processes
• Prepare and present risk results at Exco and Board level
• RWA and EC forecasting over the MTP period

Contributes to the following Risk management strategy initiatives / deliverables

• The Development the AFS wide risk management strategy and plan.
• The Review and challenge of business entity risk management strategy and plans
• The alignment between AFS BU & AFS Risk management objectives, strategies and policies to solo entities.
• The approach proposed / used to manage AFS’ material risks.
• Strategic Risk Assessment on the AFS Group Strategy

General

• Manage and develop talent to support business resilience, providing technical and organisational support to key resources while offering guidance and mentorship.
• Provides data analytics insights, machine learning and AI capabilities to risk management teams.
• Supports risk teams with embedding smarter processes and interfaces.
• Supports the Business with the interconnected monitoring of insurance risk management and climate risk management
• Support AFS senior management in Prudential Authority engagements
• Prepare content for AGL risk booklet and pillar 3 report
• Conducts integrated assurance.

Education

Bachelor Honours Degree: Actuarial Science (Required)