Investment Manager
AXA
Investment Manager
Job Description
Job ID: 240008XQ
Entity: AXA Asian Market
|
Job Purpose |
The primary purpose is to ensure the General Account portfolios (Life and GI) earn sufficient returns to pay policyholder liabilities and shareholder dividends. This involves direct portfolio management, robust investment research and reporting, introduction of new investment outlets/asset classes, and updating of policies and manuals. |
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Critical Accountabilities |
|||
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Key Result Areas |
Major Activities |
Output |
Challenges and Risks |
|
1. Portfolio Management |
§ Ensure the Non-linked funds can fund the policy liabilities and other cash outflows with an Asset-Liability Management perspective for portfolio management § Achieve at least benchmark return with no breach in risk limits as defined in the Risk Appetite Framework § Ensure investment portfolio’s compliance with regulatory requirements, Non-Linked Investment Policy, and Risk Appetite Framework § Monitoring and efficient management of liquidity § Working closely with the ALM team to optimize asset-liability matching by understanding product level design and characteristics |
§ Market Views § Investment Plan § Limit Monitoring reports exhibiting compliance § Security Selection Framework § Credit research of select companies for corporate bond issuances § Custom strategies on a per (insurance) product basis which marry the unique liability characteristics of each product with a holistic portfolio view |
|
|
2. Introduction of new investment outlets/asset classes and investment strategies to optimize liability hedging and NII |
§ Research on alternative ways to (1) improve asset-liability matching (2) uplift net investment income § Scout with counterparties on options for additional asset classes |
§ Creation of Investment Approval Document § Replication of pricing (e.g. structured note) |
|
|
3. Updating of Investment Manual and Policies |
§ Update the policy and manual in line with current and/or ideal practice and consistent with Group standards |
§ LIAC- and Board-approved updated investment policy and manual |
|
|
4. Management Reporting |
§ Provide views on asset classes and investment strategies § Collaborate with the rest of the Investment Team in identifying areas of opportunities in current market conditions § ESG oversight of Non-Linked investment accounts using standard AXA Group level scoring methodologies § Provide ESG related market developments with management |
§ Published periodic market updates (local and global) § Contribution to Quarterly EAC Dialogue with Group such as EAC base yield projections and documentation § Presentation in Local Investment Committee meetings § Quarterly ESG updates during Local Investment Committee meetings § Integration of ESG scoring into Fund Performance Analysis (Linked and Non-Linked Portfolios) |
§ Creating new content on a regular basis § Explaining complex ideas in simple terms |
|
5. Support to internal stakeholders |
§ Create and occasionally present regular market updates in monthly business review meetings § Investment Expense study § Discount rate computation in Annual Impairment Exercise § Collaborating with internal counterparties to optimize asset liability matching by providing the IALM team’s input on model return assumptions and market scenarios (eg. Dividends, ECR Runs, etc) |
· Presentations on fund movements and market updates on a monthly basis · Computation and documentation of Investment Expense Assumption · Computation of discount rate for Impairment Exercise |
|
|
Key Decisions/Dimensions |
|
|
Decisions |
Quantifiable Data Related to Job |
|
From § Creating and updating investment plan, deciding on target duration gap § Consistently delivering quality fund and market updates to stakeholders To § Collaborating with internal stake holders in the creation of the investment plan in order to optimize (1) Asset Liability Matching, (2) RAF Limit Setting, (3) Expected Net Investment Income (longer horizon) § Using best in class research and analysis in order to consistently deliver quality fund and market updates to relevant stakeholders |
From § Portfolio alpha relative to benchmark § Change in market value of assets and liability reserves To § Portfolio alpha relative to benchmark § Adherence to RAF Limits § Achieving net investment income targets § Changes in market value of assets and liability reserves |
|
Skills and Knowledge |
|
|
Educational Qualifications |
Relevant Experience |
|
§ Bachelor’s degree in Finance, Economics, Business Management/Accounting, Business Administration; can consider other degrees if there are accompanying certifications and relevant work experience § Certifications like CFA, FRM, Ateneo-BAP’s TCP, TOAP’s TIFP, PSE Securities Specialist, are an advantage |
· At least 4 years of work experience as an Investment/Credit Analyst, Credit or Corporate Banking or Broker/dealer in a financial institution (bank or a brokerage company) or Research Analyst in an Asset Management company or Trader/Portfolio Manager working in the following roles: equities, fixed income, or derivatives
|
|
Personal Characteristics/Behaviors |
Other Requirements |
· Strong analytical and research skills
· Excellent verbal and written communication skills · Passion for continuous learning · Visually creative · Effective project management skills |
· Skilled at MS Excel · Programming skills (VBA, R, or Python) an advantage |
A global leader in insurance and investments, AXA takes care of 103 million lives in 64 countries worldwide. We actively invest in pioneering and personalized solutions to meet your ever-changing needs and exceed your expectations. In the Philippines, we are in partnership with Metrobank, one of the country's strongest banks.
Established in 1999, AXA Philippines is one of the largest and fastest growing life insurance companies in the country. It offers financial security to more than one million individuals through its group and individual life insurance as well as general insurance products through its subsidiary Charter Ping An.
AXA Philippines is one of the first to introduce bancassurance operations in the country, and is among the pioneers in the investment-linked insurance sector.
AXA now offers a complete range of products for all its customers’ insurance and financial protection needs, including savings and investments, health plans, income protection, and health coverage; and through its general insurance subsidiary Charter Ping An Insurance Corporation: fire, motor car, marine cargo, personal accident, bonds, casualty, and engineering insurance products.
AXA Philippines closed 2017 with P26.4 billion in total premium income and P5.7 billion in gross written premiums from Charter Ping An. Today, AXA has more than 4,000 financial advisers in 36 branches, and 700 financial executives in over 900 Metrobank and PSBank branches nationwide. Charter Ping An, on the other hand, has 22 branches nationwide and 2,007 agents.
AXA Philippines is a joint venture between the AXA Group, headquartered in France, and the Metrobank Group, one of the largest financial conglomerates in the Philippines.
The Metrobank Group is a conglomerate of industry-leading businesses that includes First Metro Investment Corporation, Metrobank Credit Cards, Federal Land, Toyota, and Manila Doctors Hospital. It was hailed Best Bank in the Philippines in 2010, 2011, and 2012 by Euromoney and recognized as the strongest bank in the Philippines by The Asian Banker in 2013. It is owned by the Ty Family whose major business interests include financial services, real estate development, power, and manufacturing.
Locations
- Philippines,
Salary
1,200,000 - 2,500,000 PHP / yearly
Skills Required
- Strong analytical and research skillsintermediate
- Excellent verbal and written communication skillsintermediate
- Passion for continuous learningintermediate
- Visually creativeintermediate
- Effective project management skillsintermediate
- Skilled at MS Excelintermediate
Required Qualifications
- Bachelor’s degree in Finance, Economics, Business Management/Accounting, Business Administration; can consider other degrees if there are accompanying certifications and relevant work experience (experience)
- At least 4 years of work experience as an Investment/Credit Analyst, Credit or Corporate Banking or Broker/dealer in a financial institution (bank or a brokerage company) or Research Analyst in an Asset Management company or Trader/Portfolio Manager working in the following roles: equities, fixed income, or derivatives (experience)
Preferred Qualifications
- Certifications like CFA, FRM, Ateneo-BAP’s TCP, TOAP’s TIFP, PSE Securities Specialist, are an advantage (experience)
- Programming skills (VBA, R, or Python) an advantage (experience)
Responsibilities
- Ensure the Non-linked funds can fund the policy liabilities and other cash outflows with an Asset-Liability Management perspective for portfolio management
- Achieve at least benchmark return with no breach in risk limits as defined in the Risk Appetite Framework
- Ensure investment portfolio’s compliance with regulatory requirements, Non-Linked Investment Policy, and Risk Appetite Framework
- Monitoring and efficient management of liquidity
- Working closely with the ALM team to optimize asset-liability matching by understanding product level design and characteristics
- Research on alternative ways to (1) improve asset-liability matching (2) uplift net investment income
- Scout with counterparties on options for additional asset classes
- Update the policy and manual in line with current and/or ideal practice and consistent with Group standards
- Provide views on asset classes and investment strategies
- Collaborate with the rest of the Investment Team in identifying areas of opportunities in current market conditions
- ESG oversight of Non-Linked investment accounts using standard AXA Group level scoring methodologies
- Provide ESG related market developments with management
- Create and occasionally present regular market updates in monthly business review meetings
- Investment Expense study
- Discount rate computation in Annual Impairment Exercise
- Collaborating with internal counterparties to optimize asset liability matching by providing the IALM team’s input on model return assumptions and market scenarios (eg. Dividends, ECR Runs, etc)
Benefits
- general: Competitive salary and benefits package as part of a leading global insurance company
- general: Partnership with Metrobank
- general: Opportunities for career growth in a fast-growing company
- general: Work in a dynamic financial environment
Answer 10 quick questions to check your fit for Investment Manager @ AXA.
Related Books and Jobs
Investment Manager
AXA
Investment Manager
Job Description
Job ID: 240008XQ
Entity: AXA Asian Market
|
Job Purpose |
The primary purpose is to ensure the General Account portfolios (Life and GI) earn sufficient returns to pay policyholder liabilities and shareholder dividends. This involves direct portfolio management, robust investment research and reporting, introduction of new investment outlets/asset classes, and updating of policies and manuals. |
|
Critical Accountabilities |
|||
|
Key Result Areas |
Major Activities |
Output |
Challenges and Risks |
|
1. Portfolio Management |
§ Ensure the Non-linked funds can fund the policy liabilities and other cash outflows with an Asset-Liability Management perspective for portfolio management § Achieve at least benchmark return with no breach in risk limits as defined in the Risk Appetite Framework § Ensure investment portfolio’s compliance with regulatory requirements, Non-Linked Investment Policy, and Risk Appetite Framework § Monitoring and efficient management of liquidity § Working closely with the ALM team to optimize asset-liability matching by understanding product level design and characteristics |
§ Market Views § Investment Plan § Limit Monitoring reports exhibiting compliance § Security Selection Framework § Credit research of select companies for corporate bond issuances § Custom strategies on a per (insurance) product basis which marry the unique liability characteristics of each product with a holistic portfolio view |
|
|
2. Introduction of new investment outlets/asset classes and investment strategies to optimize liability hedging and NII |
§ Research on alternative ways to (1) improve asset-liability matching (2) uplift net investment income § Scout with counterparties on options for additional asset classes |
§ Creation of Investment Approval Document § Replication of pricing (e.g. structured note) |
|
|
3. Updating of Investment Manual and Policies |
§ Update the policy and manual in line with current and/or ideal practice and consistent with Group standards |
§ LIAC- and Board-approved updated investment policy and manual |
|
|
4. Management Reporting |
§ Provide views on asset classes and investment strategies § Collaborate with the rest of the Investment Team in identifying areas of opportunities in current market conditions § ESG oversight of Non-Linked investment accounts using standard AXA Group level scoring methodologies § Provide ESG related market developments with management |
§ Published periodic market updates (local and global) § Contribution to Quarterly EAC Dialogue with Group such as EAC base yield projections and documentation § Presentation in Local Investment Committee meetings § Quarterly ESG updates during Local Investment Committee meetings § Integration of ESG scoring into Fund Performance Analysis (Linked and Non-Linked Portfolios) |
§ Creating new content on a regular basis § Explaining complex ideas in simple terms |
|
5. Support to internal stakeholders |
§ Create and occasionally present regular market updates in monthly business review meetings § Investment Expense study § Discount rate computation in Annual Impairment Exercise § Collaborating with internal counterparties to optimize asset liability matching by providing the IALM team’s input on model return assumptions and market scenarios (eg. Dividends, ECR Runs, etc) |
· Presentations on fund movements and market updates on a monthly basis · Computation and documentation of Investment Expense Assumption · Computation of discount rate for Impairment Exercise |
|
|
Key Decisions/Dimensions |
|
|
Decisions |
Quantifiable Data Related to Job |
|
From § Creating and updating investment plan, deciding on target duration gap § Consistently delivering quality fund and market updates to stakeholders To § Collaborating with internal stake holders in the creation of the investment plan in order to optimize (1) Asset Liability Matching, (2) RAF Limit Setting, (3) Expected Net Investment Income (longer horizon) § Using best in class research and analysis in order to consistently deliver quality fund and market updates to relevant stakeholders |
From § Portfolio alpha relative to benchmark § Change in market value of assets and liability reserves To § Portfolio alpha relative to benchmark § Adherence to RAF Limits § Achieving net investment income targets § Changes in market value of assets and liability reserves |
|
Skills and Knowledge |
|
|
Educational Qualifications |
Relevant Experience |
|
§ Bachelor’s degree in Finance, Economics, Business Management/Accounting, Business Administration; can consider other degrees if there are accompanying certifications and relevant work experience § Certifications like CFA, FRM, Ateneo-BAP’s TCP, TOAP’s TIFP, PSE Securities Specialist, are an advantage |
· At least 4 years of work experience as an Investment/Credit Analyst, Credit or Corporate Banking or Broker/dealer in a financial institution (bank or a brokerage company) or Research Analyst in an Asset Management company or Trader/Portfolio Manager working in the following roles: equities, fixed income, or derivatives
|
|
Personal Characteristics/Behaviors |
Other Requirements |
· Strong analytical and research skills
· Excellent verbal and written communication skills · Passion for continuous learning · Visually creative · Effective project management skills |
· Skilled at MS Excel · Programming skills (VBA, R, or Python) an advantage |
A global leader in insurance and investments, AXA takes care of 103 million lives in 64 countries worldwide. We actively invest in pioneering and personalized solutions to meet your ever-changing needs and exceed your expectations. In the Philippines, we are in partnership with Metrobank, one of the country's strongest banks.
Established in 1999, AXA Philippines is one of the largest and fastest growing life insurance companies in the country. It offers financial security to more than one million individuals through its group and individual life insurance as well as general insurance products through its subsidiary Charter Ping An.
AXA Philippines is one of the first to introduce bancassurance operations in the country, and is among the pioneers in the investment-linked insurance sector.
AXA now offers a complete range of products for all its customers’ insurance and financial protection needs, including savings and investments, health plans, income protection, and health coverage; and through its general insurance subsidiary Charter Ping An Insurance Corporation: fire, motor car, marine cargo, personal accident, bonds, casualty, and engineering insurance products.
AXA Philippines closed 2017 with P26.4 billion in total premium income and P5.7 billion in gross written premiums from Charter Ping An. Today, AXA has more than 4,000 financial advisers in 36 branches, and 700 financial executives in over 900 Metrobank and PSBank branches nationwide. Charter Ping An, on the other hand, has 22 branches nationwide and 2,007 agents.
AXA Philippines is a joint venture between the AXA Group, headquartered in France, and the Metrobank Group, one of the largest financial conglomerates in the Philippines.
The Metrobank Group is a conglomerate of industry-leading businesses that includes First Metro Investment Corporation, Metrobank Credit Cards, Federal Land, Toyota, and Manila Doctors Hospital. It was hailed Best Bank in the Philippines in 2010, 2011, and 2012 by Euromoney and recognized as the strongest bank in the Philippines by The Asian Banker in 2013. It is owned by the Ty Family whose major business interests include financial services, real estate development, power, and manufacturing.
Locations
- Philippines,
Salary
1,200,000 - 2,500,000 PHP / yearly
Skills Required
- Strong analytical and research skillsintermediate
- Excellent verbal and written communication skillsintermediate
- Passion for continuous learningintermediate
- Visually creativeintermediate
- Effective project management skillsintermediate
- Skilled at MS Excelintermediate
Required Qualifications
- Bachelor’s degree in Finance, Economics, Business Management/Accounting, Business Administration; can consider other degrees if there are accompanying certifications and relevant work experience (experience)
- At least 4 years of work experience as an Investment/Credit Analyst, Credit or Corporate Banking or Broker/dealer in a financial institution (bank or a brokerage company) or Research Analyst in an Asset Management company or Trader/Portfolio Manager working in the following roles: equities, fixed income, or derivatives (experience)
Preferred Qualifications
- Certifications like CFA, FRM, Ateneo-BAP’s TCP, TOAP’s TIFP, PSE Securities Specialist, are an advantage (experience)
- Programming skills (VBA, R, or Python) an advantage (experience)
Responsibilities
- Ensure the Non-linked funds can fund the policy liabilities and other cash outflows with an Asset-Liability Management perspective for portfolio management
- Achieve at least benchmark return with no breach in risk limits as defined in the Risk Appetite Framework
- Ensure investment portfolio’s compliance with regulatory requirements, Non-Linked Investment Policy, and Risk Appetite Framework
- Monitoring and efficient management of liquidity
- Working closely with the ALM team to optimize asset-liability matching by understanding product level design and characteristics
- Research on alternative ways to (1) improve asset-liability matching (2) uplift net investment income
- Scout with counterparties on options for additional asset classes
- Update the policy and manual in line with current and/or ideal practice and consistent with Group standards
- Provide views on asset classes and investment strategies
- Collaborate with the rest of the Investment Team in identifying areas of opportunities in current market conditions
- ESG oversight of Non-Linked investment accounts using standard AXA Group level scoring methodologies
- Provide ESG related market developments with management
- Create and occasionally present regular market updates in monthly business review meetings
- Investment Expense study
- Discount rate computation in Annual Impairment Exercise
- Collaborating with internal counterparties to optimize asset liability matching by providing the IALM team’s input on model return assumptions and market scenarios (eg. Dividends, ECR Runs, etc)
Benefits
- general: Competitive salary and benefits package as part of a leading global insurance company
- general: Partnership with Metrobank
- general: Opportunities for career growth in a fast-growing company
- general: Work in a dynamic financial environment
Answer 10 quick questions to check your fit for Investment Manager @ AXA.
Related Books and Jobs