Manager Financial Risk Management

KEY RESPONSIBILITIES

1. 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.
     

2. 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.
     

3. 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.
     

4. 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

• Desired Qualification and Experience:
  

  • CFA/CA/MBA Finance or Actuarial (Associate Actuary or SP5) with 58 years of relevant experience.
    
  • Understanding of the life insurance industry in India and internationally.
    
  • Background in market risk management or actuarial work is an added advantage.
    
  • Knowledge of risk management tools and techniques in the life insurance space.
    

• Skills Required:
  

  • Strong analytical skills and process orientation.
    
  • Selfmotivated and capable of working in a dynamic environment.
    
  • Strong presentation communication and interpersonal skills.
    
  • Ability to collaborate with the Finance and Actuarial teams on technical matters.
    

• Measures of Success:
  

  • Improved risk assessment in decisionmaking processes.
    
  • Adherence to timelines and quality in key areas of responsibility.
    
  • Positive feedback from the supervisor and CRO.