Assistant Vice President - Investment MID Office

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Investment Risk / Performance Monitoring

Responsible for Performance attribution of Investment Portfolios

Computing various portfolio returns used to measure the risk associated with the portfolio and the return, such as Sharpe ratio, Stress testing.

Reporting on movement of prices.

Preparation of Fund Performance v/s the Benchmark and Peers

Fund Factsheet

Monitoring of assets supporting Liabilities and ensuring that adequate assets are maintained to support the reserves

Middle office and related Activities

Ensure Timely and accurate delivery all reporting like IRDA quarterly disclosures, internal, Balance sheet disclosures etc

Ensure all Middle office projects shall conclude within agreed timelines

Building strong relationship with other departments within the organization

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 as per latest regulations

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

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 Financials

Support in selection of peers based on internal criteria.

Ensure correctness of the reporting of fund performance against the benchmark & peers to Board, IC and other forums

BCP / DR Plan and Support to BRCM

To ensure periodic testing at alternative site / DR site

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

Support in Risk and Control assessment

Audits & Inspections

Support in IRDA inspection

Risk Management Systems Audit

External and compliance reviews

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

Major Challenges

New complexities in financial markets by the launch of new financial products e.g. Derivatives, Credit Swaps, Inflation Linked Bonds, SLB etc.

Continuous update of change in IRDA regulation and IND-AS.

Credit and Market Risk Analysis and Risk Ratios in a dynamic market environment

New product launches under different platforms with complexities involved

Time Management

Consistency and accuracy in work

Ability to read between the lines and interpret

Current Changes in RBI / SEBI policies, market review update

Role Context

Investment Performance and Risk monitoring, Regulatory reporting's etc

The role requires in depth knowledge of financial markets, financial products, regulatory framework, balance sheet and Risk Management, IND-AS standards.

The position requires good knowledge of SAP FAM.

Good knowledge of Excel including the Analytical tools and power point presentations

The position requires having excellent inter-personal skills as it requires active interaction with all dept.

Good Accounting knowledge: Equities, Bonds, Repos, MBS/ABS (Mortgage backed securities), Loans & deposits, CP/COD

Preparation of Financial Statements as per IND AS / IFRS - IND AS 109

System Enhancement and Development through Third Party Vendors

SPOC for all audits (Internal Audit, Statutory Audit, IRDA Audit, System audit, Concurrent Audit)