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Priti Goyal

Founder at Serving Skill

Last Login: 19 June 2024

Job Views:  
813
Applications:  184
Recruiter Actions:  7

Job Code

1420059

Manager - Financial Risk - Life Insurance

5 - 8 Years.Mumbai
Posted 2 weeks ago
Posted 2 weeks ago

FINANCIAL RISK MANAGER - LIFE INSURANCE


- To Pro-actively provide oversight of aggregated risk profile, monitor risk exposure against appetite, identify trends, material changes in risk profile and emerging risks.

- To perform financial risk reviews for Market Risk (Equity and Interest Rate), Liquidity risk, Credit risk etc.

- To control Investment Risks by monitoring the portfolio at regular intervals and quantify risks/potential impact on the firm.

- To design management dashboards on performance/risk parameters of investments and exposures/limits etc.

- To develop models used in the domain of ALM, market risk, credit risk, asset risk, and other risk domains

- To perform model validation and analytical processes such as ALM calculations, scenario analysis, stress testing etc. and report the performance of the models/findings to senior management

- Preparing presentation for ALM Committee and Risk Management Committee meetings etc.

Specific Authorities( Financial & Non- Financial) :

- Authorized to access investment/actuary/finance/corporate planning files and use data for risk monitoring, analysis and reporting.

Internal Financial Key Performance Indicators :

- Pro-active identification of material changes/trends in risk profile.

- Flagging of evolving/emerging risks through periodic analysis and timely market updates.

- Sharpening focus on key risk areas through knowledge sharing and adoption of best practices.

- Ensuring 100% compliance with regulatory guidelines/limits.

- New initiatives & process improvements/model creation/upgradation.

Job Requirements :

- Qualifications - MBA, Degree in Engineering/Finance/Economics preferred

- CFA/FRM or other investment/risk certifications desired

- Experience 5-10 Years' experience in the life Insurance industry and/or investment/financial risk department preferred.

Functional Competencies :

- MIS and Analytics

- Business Knowledge : Understanding of financial markets and products

- Risk Knowledge : Understanding of financial risk measurement & management, and derivative instruments and their use for creation of hedging strategies.

- Basic Skills : Understanding of Life insurance systems, processes and products

Behavioral Competencies :

- Business Acumen

- Collaboration

- Execution Excellence

Key Interactions :

Internal Nature or purpose of interaction :

- Investment Front Office

- Asset Cash flows and ALM/other assets

- Investment Back Office

- Regulatory limits/compliance

- Actuary Team

- Liability cash flows and products

- Finance/Planning Team

- Financial statements, operating plan, revenue/expense forecasts

External Nature or purpose of interaction :

- Group Risk Team

- Emerging risks/exceptions, ERM/Risk guidelines

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Posted By

user_img

Priti Goyal

Founder at Serving Skill

Last Login: 19 June 2024

Job Views:  
813
Applications:  184
Recruiter Actions:  7

Job Code

1420059

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