JOB SUMMARY:
- Responsible to monitor and analyze the asset risk and management in areas of Financial risk.
KEY RESPONSIBILITIES:
Financial Risk Management:
- Monitor and create the reports for the portfolio risk arising out of market movement, liquidity risk, counterparty risk, derivatives movement, ALM risk.
- Should be able to help create and maintain various dashboards showing the movement of risk in the portfolio
- Should be able to report and use different risk metrics like Mod duration, VaR, PV01 to monitor asset side risks
- Assist in creation of different reports as per schedule like Attribution report, Risk Council/Committee presentations and peer comparison reports.
- Support in creation, revision on periodic basis various framework documents associated with risk governance, like the stop loss policy.
Data Analytics:
- Should be able to handle large data sets of the portfolio and create a summary for analysis purpose
- Use Bloomberg and other software for analysis of the data sets
- Create and maintain various reports as required by the firm
Guidance to Management Team:
- On a regular basis assist in providing framework and professional guidance to senior management on financial risk aspects
- Work closely with various stakeholder like Actuarial, Finance, Products, Investment teams to provide relevant insights into various decisions/analysis;
- Support in creation, revision on periodic basis various framework documents associated with risk governance, like the risk appetite statement, risk management policy, framework, strategy etc.
Desired qualification and experience:
- CFA/CA/MBA Finance or Actuarial (Associate Actuary or SP5) with 2-5 years of experience in relevant field.
- Understanding of the Insurance (Life) Industry in India and internationally
- Background of market risk management or as an Actuary in relevant field will be an added advantage
- Knowledge of general tools and techniques of risk management in the life insurance space is desirable
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