AVP - Enterprise Risk Management (Financial Risk)

I am hiring this position for one of our Life Insurance client based in Mumbai

Role & responsibilities:

1. Financial Risk Appetite Framework

   : Analyze, monitor, and report on solvency and liquidity ratios as per Board-approved policies.

2. Solvency II Capital Requirement

   : Assess and report on SCR based on Indian and European standards.

3. Risk Committee Management

   : Manage the financial risk agenda for Risk Committee and Management presentations.

4. Risk Assessment

   : Conduct annual and ad hoc risk assessments of strategic and investment plans.

5. Policy Management

   : Oversee policies and frameworks for Financial Risk Management.

6. Risk Analysis

   : Analyze market, credit, and liquidity risks in the investment portfolio.

7. Asset Liability Management

   : Collaborate with stakeholders to review ALM strategies.

8. Professional Support

   : Provide insights and support to senior management on financial risks.

9. Stakeholder Collaboration

   : Work closely with Actuarial, Finance, Products, and Investment teams.

10. Insurance Products Knowledge

    : Understand insurance products and actuarial assumptions.

11. Financial Derivatives Risk Assessment

    : Evaluate financial derivatives for ALM as per IRDAI and internal policies.

12. Scenario analysis and stress Testing

    : Conduct stress and scenario testing for investment and derivative portfolios.

13. Risk Metrics Analysis

    : Analyze and ascertain first and second-order risk metrics (duration, convexity, VaR, PVO1).

Preferred candidate profile:

1. MBA in Finance, Chartered Accountant, or Actuarial (Associate Actuary or SP5 & SP6).
2. FRM or PRMIA Certification.
3. 7+ years of experience in the financial services industry (Banks, Insurance).
4. Experience in market risk functions in a bank or as an actuary in life insurance.
5. Strong understanding of trading, valuation of debt, equity, and derivative products, and ALM.