Manager - Financial Risk - Life Insurance (5-8 yrs)

3 weeks ago


Mumbai, Maharashtra, India iimjobs Full time
FINANCIAL RISK MANAGER - LIFE INSURANCE


To Pro-actively provide oversight of aggregated risk profile, monitor risk exposure against appetite, identify trends, material changes in risk profile and emerging risks.


  • To perform financial risk reviews for Market Risk (Equity and Interest Rate), Liquidity risk, Credit risk etc.
  • To control Investment Risks by monitoring the portfolio at regular intervals and quantify risks/potential impact on the firm.
  • To design management dashboards on performance/risk parameters of investments and exposures/limits etc.
  • To develop models used in the domain of ALM, market risk, credit risk, asset risk, and other risk domains
  • To perform model validation and analytical processes such as ALM calculations, scenario analysis, stress testing etc. and report the performance of the models/findings to senior management
  • Preparing presentation for ALM Committee and Risk Management Committee meetings etc.

Specific Authorities( Financial & Non- Financial) :

  • Authorized to access investment/actuary/finance/corporate planning files and use data for risk monitoring, analysis and reporting.

Internal Financial Key Performance Indicators :

  • Pro-active identification of material changes/trends in risk profile.
  • Flagging of evolving/emerging risks through periodic analysis and timely market updates.
  • Sharpening focus on key risk areas through knowledge sharing and adoption of best practices.
  • Ensuring 100% compliance with regulatory guidelines/limits.
  • New initiatives & process improvements/model creation/upgradation.

Job Requirements :

  • Qualifications
  • MBA, Degree in Engineering/Finance/Economics preferred
  • CFA/FRM or other investment/risk certifications desired
  • Experience 510 Years' experience in the life Insurance industry and/or investment/financial risk department preferred.

Functional Competencies :

  • MIS and Analytics
  • Business Knowledge : Understanding of financial markets and products
  • Risk Knowledge : Understanding of financial risk measurement & management, and derivative instruments and their use for creation of hedging strategies.
  • Basic Skills : Understanding of Life insurance systems, processes and products

Behavioral Competencies :

  • Business Acumen
  • Collaboration
  • Execution Excellence

Key Interactions :

Internal Nature or purpose of interaction :

  • Investment Front Office
  • Asset Cash flows and ALM/other assets
  • Investment Back Office
  • Regulatory limits/compliance
  • Actuary Team
  • Liability cash flows and products
  • Finance/Planning Team
  • Financial statements, operating plan, revenue/expense forecasts

External Nature or purpose of interaction :

  • Group Risk Team
  • Emerging risks/exceptions, ERM/Risk guidelines


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