Senior Manager - Treasury - Insurance

We are having an opportunity with the leading insurance firm based out of Gurugram for the role of Sr Manager - Treasury.

Job Location : Gurugram

Job Description : 

Role Purpose : Mid Office - Regulatory & Internal Compliance; Regulatory, Shareholder & Internal Reporting, Balance Sheet Reporting (Investments)and Risk and performance analysis

The responsibilities of the candidate will as below :

Investment Risk and Performance Monitoring :

- Responsible for monitoring of Investment performance

- Responsible for Performance attribution of Investment Portfolios

- Reporting on movement of prices.

- Responsible for validation of Fund Performance v/s the Benchmark and Peers

- Review of Investment newsletter sent to Policyholders

- Risk assessment of new asset classes like AIF, unlisted equity, Invts, Reits, AT1 bonds, derivatives etc

- Compliance and review of Investment Policy, SOP and other Policies

- Monitoring of Regulatory Compliance of Investment pattern and exposure

- Monitoring of Limits set by Investment Committee

- Actively participate in new policy formation

- Review and update of the existing policies on on-going basis to ensure best practices and regulatory changes are incorporated

- Review and update of Standard Operating Procedure (SOP) as per industry best practices and regulatory changes

- Provide Impact assessment of new guidelines to management and ensure implementation of the same

Timely reporting of all Regulatory, Share Holders & Internal :

- Ensure Timely and accurate delivery of the IRDA Investment returns, Balance sheet disclosures and other stake holders reporting

- Ensure timely Internal reporting Including ULIP disclosures, Public disclosures and Financial

- Provide support in preparation of TIG and IC deck and other investment related matters presented in board/other forums

Implementation of Ind AS :

- Setting up investment accounting policies and processes in line with new Ind AS

- Business model assessment for classification and SPPI testing of investments

- Ensure smooth transition of annual disclosures, systems and processes as per new Ind AS

- Ensure accurate modeling of effective interest, Expected credit loss, Loss given default

- Drafting of accounting policies as per new IND AS

- Ensure testing of system for new developments and patches

- Work closely with consultant, team and other stake holders to ensure smooth implementation as new Ind AS

Product and Actuarial Support :

- To support new product launches under existing and new business lines by providing inputs on Investment related processes

- Support to Products team / Actuarial team in respect to Investment guidelines and permitted asset classes for new lines of business

- Finalization and support in Accounting policies, accounting opinion and process set-ups for new products and review of existing products

- Close monitoring of Asset and Liability Management (ALM) and ensure no deficit.

Monitoring Liquidity Risk :

- Provide support for Liquidity Adequacy Assessment

- Provide support in Monitoring and reporting of Liquidity Risk dashboard

- BCP / DR Plan and Support to BRCM

- Support Risk team in framing BCP / DR plan for the Investment Mid and Back Office functions

- Support in periodic testing at alternative site / DR site

- Support to functional Business Risk & Control Manager (BRCM) in indentifying, mitigating and monitoring all key risks within the function

- Support in Risk and Control assessment and Internal Control Monitoring Plan (ICMP) testing

Audits & Inspections :

- IRDA inspection

- Statutory audit, internal audit, concurrent audit and C&AG audits

- Risk Management Systems Audit

- External and compliance reviews

- Ensure timely provision of data to all Auditors and smooth closure of Audit of Investment Function

System Testing :

- Ensure timely implementation of system changes related to regulations changes in Investment system

- Ensure through testing all patches related to Middle Office like limit changes and regulatory returns etc

Relationship Management :

- Strong professional relationship with industry peers

- Managing strong working relations with other functions