Posted By
Posted in
Banking & Finance
Job Code
1162076
JOB SUMMARY :
- Responsible to analyze and monitor the asset and liability side risk assessment and management in areas of Financial risk.
KEY 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.
Desired qualification and experience:
- CFA/CA/MBA Finance or Actuarial (Associate Actuary or SP5) with 5-8 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
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Posted By
Posted in
Banking & Finance
Job Code
1162076