Position: Manager Financial Risk Management
Department: Risk Management
Function: RISK
Reporting to: Chief Manager Financial Risk
Location: Mumbai
JOB SUMMARY
Analyze and monitor asset and liability side risk assessment and management in areas of financial risk.
KEY RESPONSIBILITIES
Investment Risk Management
- Analyze portfolio risk arising from market movements liquidity risk counterparty risk and derivatives movement.
- Create and maintain dashboards to show risk movements in the portfolio.
- Perform stress and scenario testing to ascertain risks in different portfolios.
- Use risk metrics like Mod duration VaR PV01 to monitor asset side risks.
- Prepare various scheduled reports such as Attribution reports Risk Council/Committee presentations and peer comparison reports.
- Support the CRO in strategic reviews of the Business Plan from a risk perspective.
Derivative Management
- Support the CRO in overall derivative governance and its implementation.
- Conduct stress testing of the derivative portfolio and assess its impact on the companys solvency.
- Create and maintain derivative dashboards including accounting aspects in the analysis.
- Model different derivative contracts to assess the impact of market movements on MTM and other financial metrics.
Risk Management Strategy and Framework
- Assist in creating and periodically revising framework documents associated with risk governance such as the stop loss policy.
- Present ideas through reports and presentations outline findings and recommend process improvements in risk management.
Guidance to Management Team
- Collaborate with senior management and challenge their decisions to ensure compliance with the Risk Management framework.
- Provide professional guidance to senior management on identifying assessing mitigating and reporting financial risks.
- Work closely with stakeholders like Actuarial Finance Products and Investment teams to provide insights for decisionmaking.
- Support the creation and periodic revision of various risk governance framework documents.
DESIRED QUALIFICATION/SKILL SET AND MEASURES OF SUCCESS