HDFC Life Insurance - Manager - Financial Risk

JOB SUMMARY :

- Responsible to analyze and monitor the asset and liability side risk assessment and management in areas of Financial risk.

KEY RESPONSIBILITIES :

Asset Risk Management :

- Understand and analyze the portfolio risk arising out of market movement, liquidity risk, counterparty risk, derivatives movement.

- Should be able to create and maintain various dashboards showing the movement of risk in the portfolio

- Perform stress and scenario testing in ascertaining risks to the to the different portfolios within the firm

- Should be able to use different risk metrics like Mod duration, VaR, PV01 to monitor asset side risks

- Make different reports as per schedule like Attribution report, Risk Council/Committee presentations and peer comparison reports.

Credit Risk Management:

- Managing credit risk in debt, non-sovereign exposures, SDLs and highlighting in a timely manner any concerns on the credit

- Create/maintain a credit risk framework for evaluating risk in any credit exposure taken by the company

- Regular monitoring of credit exposures and stressed assets and reporting to HoD/CRO

- Recommend timely exits in anticipation of worsening situation of an investment

Others:

- Would be involved in the liability side/ALM risk assessment

- Support CRO in overall derivative governance/reporting and other policies and its implementation

- Guidance to Management Team:

- Work collaboratively with senior management team and credibly challenge their decisions and ensure that all policies of the Risk Management framework are met on a day to day basis;

- On a regular basis provide framework and professional guidance to senior management for them to consider, identify, assess, mitigate, and report on risks confronting the organization in the domain of Financial risks;

- 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 5-8 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