Senior Manager/Manager - Financial Risk Management - Life Insurance

Our Client is a well established Life Insurance Company. Established in 2011, the company is part of India's leading diversified financial services organization.

Key Responsibilities :

As Senior Manager/Manager in Financial Risk Management, the role would be to work closely with Head, Financial Risk Management to ensure monitoring and control of risk exposures.

- Support the reporting manager in enhancing the quality of discussions and risk based decision making which goes into Risk and key committees such as ALCO, IC.

- Ensure that the capital and risk appetite framework (across all risk types) are aligned with the risk strategy and are used in decision-making.

- Pro-actively providing oversight of aggregated risk profile monitoring through the review and challenge of risk exposure against appetite, trends and the identification of material changes in risk profile and emerging risks.

- Sound understanding of derivative instruments and their use for creation of hedging strategies.

- Analysis of key financial matrices such as VaR, ES, IFRS profit, solvency, ALM etc.

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

- Preparing reports for submission to IRDA.

- Take care of Investment Risks by monitoring the portfolio at regular intervals and quantify their potential impact on the firm.

- Design management dashboards on risk performance of the investments team with regards to Limit breaches, Exceptions escalations and approvals etc.

- Perform financial risk reviews for Market Risk (equity and Interest Rate), Liquidity risk, Credit risk etc.

- Monitor risk limits and ensure investments are aligned with Investment Risk Policy.

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

- Perform model monitoring and report the performance of the models to stakeholders

- Analyzing data in order to detect portfolio trends which cause significant changes in the capital or are not within the Risk Appetite

- Perform model validation and review of critical processes such as economic capital, reserving, stress testing, pricing etc.

- Perform review of product profitability experience and analyse mortality, lapses, expenses, investment, new business etc.

Qualifications:

1. MBA, Degree in Engineering/Economics preferred.

2. CFA/FRM or other investment/risk certifications desired.

3. Experience in the life Insurance industry preferred especially practical working knowledge of ALM and working in investment/risk department

Skill Requirements:

1. Analytical thinking ability and Problem Solving skills.

2. Knowledge of economic capital models, and risk appetite methodologies.

3. Ability to communicate complex ideas effectively to both technical and non-technical audience.

4. Proficient in MS Excel and PowerPoint.

5. Good report writing and presentation skills.