Chief Investment Officer

About AXA Hong Kong and Macau

AXA Hong Kong and Macau is a member of the AXA Group, a leading global insurer with presence in 52 markets and serving 92 million customers worldwide. Our purpose is to act for human progress by protecting what matters.

As one of the most diversified insurers in Hong Kong, we offer integrated solutions across Life, Health and General Insurance. We are the largest General Insurance provider and a major Health and Employee Benefits provider. Our aim is to not only be the insurer to provide comprehensive protection to our customers, but also a holistic partner to the individuals, businesses and community we serve. At the core of our service commitment is continuous product & service innovation and customer experience enrichment, which is achieved through actively listening to our customers' needs and leveraging and investing in technology and digital transformation.

We embrace our responsibility to be a driving force against climate change and a force for good to create shared value for our community. We are proud to be the first to address the importance of mental health through different products and services and thought leading iconic research. Our overall Sustainability Strategy, with emphasis on climate strategy and biodiversity commitment, is developed based on TCFD recommendations. We are committed to integrating environmental, social and governance factors across our business and strive to contribute to a sustainable future through 3 distinct roles - as an investor, an insurer and an exemplary company.

AXA is an equal opportunity employer. We are committed to promoting Inclusion and Diversity (I&D) by creating a work environment where all employees are treated with dignity, respect, and where individual differences are valued. We welcome and treasure diverse profiles to join our big family, and to build an inclusive culture together which allows everyone to maximise their personal potential.

Our people strategies are designed to enhance employee well-being and professional growth, ultimately empowering them to excel within the company.

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Responsibilities:

• Define the strategic asset allocation and the investment policy of AXA HK:
  • Accountable for the whole investment chain from strategic asset allocation to tactical asset allocation to portfolio management.
  • Ensures asset-liability management ("ALM") models are based on sound financial assumptions by assessing investment performance against expectation and recommending necessary assumption changes.
  • Propose and implement strategic asset allocations within risk limits for existing and new products, using results from ALM models
  • Review and update AXA HK's investment policy to be aligned with the strategic asset allocations and risk limits, and reflect any change in Group guidelines
  • Ensure effective investment compliance policies, processes, governance, in line with the AXA Group standards and policies. Run the Management Investment and ALM Committee.
• Manage the investment assets of AXA HK to meet the investment objectives:
  • Develop mandates from the investment policy, and properly delegate to fund managers, with Group and global investment community support.
  • Ensure the investment process is under stringent control with clear segregation of duties, appropriate procedures from all parties: mainly investment team, fund managers and traders.
  • Evaluate on an ongoing basis performances and services of the fund managers
  • Consider new investment strategies and review market opportunities.
  • Prepare the General Account investment plan and monitor its realization through the year.
  • Contribute to various Group taskforces
• Contribute to the determination of the company's investment objectives in the planning process:
  • Proposes key financial assumptions to be used in the planning in relation to ALM.
  • Provides assessment of financial (investment but also capital, etc.) strategies and recommend any necessary change.
  • Monitor realization of investment income objectives and other key targets, including credited rate to policyholders.
• Involve in products and balance sheet management:
  • Collaborate with product teams to ensure life insurance products are designed to meet the company's strategies, risk appetite, and deliver sustainable returns and supporting business growth.
  • Support the creation of innovative life insurance solutions by integrating market trends, investment performance considerations, and regulatory requirements to enhance competitiveness.
  • Lead balance sheet management activities, including capital management and liquidity planning, to maintain financial stability and discipline.
  • Coordinate with risk, actuarial, and finance teams to develop investment strategies that enhance product offerings and strengthen the overall financial position of the organization.
• Lead Internal and External Representation & Thought leadership:
  • Serve as the company's spokesperson at industry conferences, seminars, and media engagements, representing the organization to enhance brand visibility and credibility.
  • Actively promote the company's investment strategies, achievements, and corporate values to internal and external stakeholders, including business and distribution leaders, investors and partners, to strengthen employer branding and industry positioning.
  • Engage with distributors, clients, and industry peers to foster strong relationships, communicate investment insights, and support business development initiatives.
• Contribute to Investment & ALM community:
  • Advisory and support to entities when requested on Investment and ALM

Qualifications:

• Degree or higher level in Finance, Economics, Actuarial Science, or similar subject
• Over 15 years of experience in asset allocation, portfolio management and financial markets
• Several years of experience in actuarial modeling to support ALM and strategic asset allocation decisions a plus
• Technical understanding and experience in handling sophisticated market instruments (e.g., derivatives) preferable
• Excellent stakeholder management skills and business acumen for managing and developing a business function