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Sensitive Risk Manager

Allianz Mongkok, Hong Kong
Posted 2 months ago Permanent Competitive
Sensitive Risk Manager
This role will contribute to a profitable and sustainable growth of the business unit in minimizing losses and maximizing recoveries emanating from large, sensitive buyers placed with the Sensitive Risks Unit (SRU) team.

Reporting into the Head of SRU APAC, the Sensitive Risk Manager in Hong Kong is responsible for the Hong Kong, Taiwan and China markets. The candidate must be able to multi-task and have all round experience from risk underwriting, recovery techniques, and have excellent communication skills, as he/she will be involved in meetings/discussions with Buyers and different stakeholders.

Job Responsibility:

  • Monitoring and identifying deteriorating risks or buyers at risk of default at the earliest possible stage.
  • Applying risk exposure reduction and mitigation strategies on a case-by-case basis, including recovery strategies, and ensuring the involvement of all impacted parties.
  • Maintaining efficient and swift communication with both buyers and policyholders to ensure a consistent message supporting risk strategy implementation.
  • Proactively maintaining intelligence on the market through networking, awareness of new financial/business practices, and new data/information sourcing.
  • Swiftly taking over assigned sensitive risk cases from the mainstream underwriting team and evaluating all key relevant information for thorough and fast buyer risk assessment.
  • Developing optimal risk exposure and recovery strategies on a case-by-case basis to minimize losses and maximize recoveries, leveraging best practices, lessons learned, and experience.
  • Identifying, advising, and implementing risk mitigants based on excellent knowledge of policy conditions and recovery/debt restructuring techniques.
  • Taking and owning the risk decision, and consistently explaining the strategy to gain buy-in.
  • Engaging with buyers, customers, and other stakeholders, such as legal, insolvency practitioners, and auditors, to develop sustainable relationships.
  • Devising and executing the risk monitoring plan, including ad-hoc reports to internal and external stakeholders, and undertaking necessary follow-up actions and their execution.
  • Identifying the need, planning, and participating in buyer/creditor meetings, and representing the organization and its customers in a highly professional manner.
  • Identifying, building, and engaging with relevant financial/business contacts in the market/industry and becoming visible and recognized as a highly trusted professional.
  • Writing credit reports and participating in relevant committees.
  • Handling monthly reporting and any adhoc tasks.

This role requires a combination of risk management expertise, financial acumen, strong communication skills, and the ability to make sound and timely decisions in managing sensitive risks.

Requirements:

  • Bachelor degree in finance, accounting, business administration, economics, or a related field is preferred
  • Min 8 to 10 years of experience in risk management, credit risk assessment, underwriting, experience in handling sensitive or high-risk cases
  • Strong analytical skills and the ability to assess financial statements, credit reports and other relevant financial data. Strong critical and creative thinking skills, able to evaluate risk exposure and develop risk mitigation strategies
  • Excellent command in English and Chinese, strong communication skills, including the ability to communicate complex risk-related information and difficult message clearly and effectively.
  • Flexible, pragmatic, well organized and able to work independently
  • Adhoc travel maybe required

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation. Great to have you on board. Let's care for tomorrow. Note: Diversity of minds is an integral part of Allianz' company culture. One means to achieve diverse teams is a regular rotation of Allianz Executive employees across functions, Allianz entities and geographies. Therefore, the company encourages its employees to have motivation in gaining varied skills from different positions and to collect experiences from across Allianz Group.
Job ID  47986
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