Capital Market Risk Associate - Annuity Market - ALM/Derivative Modeling - Insurance

Job Title : Capital Market Risk- Insurance Domain

Location: Bangalore

Experience:3-5 Years

We look the candidate from insurance Domain only, Please find the below JD for your reference

Job Description:

- The role will be working closely with the Manager- Market Risk on quantification of Market risks based out of Bangalore office and will support on coordinating work between the Bangalore Risk team and the risk organization based in the United States.
- In this capacity, the Analyst/Sr. Analyst will be working upon financial risks (market, insurance, credit) for these to be appropriately modelled and quantified.

Specifically, working with the Manager- Market Risk, Analyst will :

- Support the Head of Market Risk/Market Risk manager in developing a market-risk framework, market risk policies and procedures, market risk appetite (in aggregate and by market risk type) as well as market risk limits by business and/or product as appropriate

- Carry out and oversee model validation activities, including evaluating the conceptual soundness of the models; the reasonableness of assumptions and reliability of inputs; the consistency of approaches used across products and asset classes; the completeness of the testing performed and the correctness of the implementation

- Assist in the development of enterprise-wide market risk reporting, dashboards, and heat maps to be utilized by the Board, senior management, the businesses and various external constituents

- Assist in the analysis of financial risks associated with new life insurance and annuity products.

- Effectively collaborate with US Risk Management team to ensure market risk is appropriately managed

Preferred Qualifications\Experience :

- Graduation\Post Graduation in engineering\economics\mathematics or related discipline

- CFA/FRM or Actuarial certification is a plus

- 5 years of financial services experience

- Strong database skills e.g. SQL, MS access are desirable but not mandatory

- Knowledge of R, MATLAB or any other programming language desirable

- Experience of working on financial Modeling using Excel/VBA

- Ability to prepare the financial reporting dashboards

- Excellent communication skills (written and verbal)

- Strong partnership skills on working across different geographies