ManagerFinancial Risk Management

KEY RESPONSIBILITIES

Investment Risk Management

• Analyze portfolio risk arising from market movements, liquidity risk, counterparty risk, and derivatives movement.
  
• Create and maintain dashboards to show risk movements in the portfolio.
  
• Perform stress and scenario testing to ascertain risks in different portfolios.
  
• Use risk metrics like Mod duration, VaR, PV01 to monitor asset side risks.
  
• Prepare various scheduled reports, such as Attribution reports, Risk Council/Committee presentations, and peer comparison reports.
  
• Support the CRO in strategic reviews of the Business Plan from a risk perspective.
  

Derivative Management

• Support the CRO in overall derivative governance and its implementation.
  
• Conduct stress testing of the derivative portfolio and assess its impact on the companys solvency.
  
• Create and maintain derivative dashboards, including accounting aspects in the analysis.
  
• Model different derivative contracts to assess the impact of market movements on MTM and other financial metrics.
  

Risk Management Strategy and Framework

• Assist in creating and periodically revising framework documents associated with risk governance, such as the stop loss policy.
  
• Present ideas through reports and presentations, outline findings, and recommend process improvements in risk management.
  

Guidance to Management Team

• Collaborate with senior management and challenge their decisions to ensure compliance with the Risk Management framework.
  
• Provide professional guidance to senior management on identifying, assessing, mitigating, and reporting financial risks.
  
• Work closely with stakeholders like Actuarial, Finance, Products, and Investment teams to provide insights for decision-making.
  
• Support the creation and periodic revision of various risk governance framework documents.
  

DESIRED QUALIFICATION/SKILL SET AND MEASURES OF SUCCESS

Desired Qualification and Experience:

• CFA/CA/MBA Finance or Actuarial (Associate Actuary or SP5) with 5-8 years of relevant experience.
  
• Understanding of the life insurance industry in India and internationally.
  
• Background in market risk management or actuarial work is an added advantage.
  
• Knowledge of risk management tools and techniques in the life insurance space.
  

Skills Required:

• Strong analytical skills and process orientation.
  
• Self-motivated and capable of working in a dynamic environment.
  
• Strong presentation, communication, and interpersonal skills.
  
• Ability to collaborate with the Finance and Actuarial teams on technical matters.

Measures of Success:

• Improved risk assessment in decision-making processes.
  
• Adherence to timelines and quality in key areas of responsibility.
  
• Positive feedback from the supervisor and CRO.