Deputy Manager - Investment Risk/Market Risk/Financial Risk

Roles & Responsibilities:

Asset Risk Management:

• Understand and analyze the portfolio risk arising out of market movement, liquidity risk, counterparty risk, derivatives movement.
• Should be able to create and maintain various dashboards showing the movement of risk in the portfolio
• Perform stress and scenario testing in ascertaining risks to the to the different portfolios within the firm
• Should be able to use different risk metrics like Mod duration, VaR, PV01 to monitor asset side risks
• Make different reports as per schedule like Attribution report, Risk Council/Committee presentations and peer comparison reports.

Credit Risk Management:

• Managing credit risk in debt, non-sovereign exposures, SDLs and highlighting in a timely manner any concerns on the credit
• Create/maintain a credit risk framework for evaluating risk in any credit exposure taken by the company
• Regular monitoring of credit exposures and stressed assets and reporting to HoD/CRO
• Recommend timely exits in anticipation of worsening situation of an investment

Others:

• Would be involved in the liability side/ALM risk assessment
• Support CRO in overall derivative governance/ reporting and other policies and its implementation

Guidance to Management Team:

• Work collaboratively with senior management team and credibly challenge their decisions and ensure that all policies of the Risk Management framework are met on a day to day basis;
• On a regular basis provide framework and professional guidance to senior management for them to consider, identify, assess, mitigate, and report on risks confronting the organization in the domain of Financial risks;
• Work closely with various stakeholder like Actuarial, Finance, Products, Investment teams to provide relevant insights into various decisions/analysis;
• Support in creation, revision on periodic basis various framework documents associated with risk governance, like the risk appetite statement, risk management policy, framework, strategy etc.

Candidate Requirement:

• CFA/CA/MBA Finance or Actuarial (Associate Actuary or SP5) / FRM (Level -1/2) with 2-6 years of experience in relevant field.
• Understanding of the Insurance (Life) Industry in India and internationally
• Background of market risk management or as an Actuary in relevant field will be an added advantage
• Knowledge of general tools and techniques of risk management in the life insurance space