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)