Financial Risk Manager

1 month ago

Mumbai Metropolitan Region, India HDFC Life Full time

JOB SUMMARY

Responsible to analyse and monitor the asset and liability side risk assessment and management in areas of Financial risk.



KEY RESPONSIBILITIES:

Investment Risk Management:

  • Understand and analyse 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.
  • Support CRO in his strategic review of Business Plan from all risks perspective


Derivative Management:

  • Support CRO in overall derivative governance and its implementation
  • Conduct stress testing of derivative portfolio and impact on the solvency of the company
  • Create and maintain the derivative dashboards and include the accounting aspects in the analysis
  • Modelling of different derivative contracts to assess the impact of market movement on MTM and other accounting and financial metrics such that Risk team has an independent view of the derivative portfolio.


Risk Management Strategy and Framework

  • Support in creation, revision on periodic basis various framework documents associated with risk governance, like the stop loss policy.
  • Present ideas via reports and presentations, outline findings and make recommendations for improvements across various processes in managing risks


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/SKILL SET and MEASURE OF SUCCESS

Desired qualification and experience

  • CFA/CA/MBA Finance or Actuarial (Associate Actuary or SP5) with 3-6 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


Skills required:

  • Strong Analytical skills and process orientation
  • Self-starter with strong self-motivation and a capacity to work in a dynamic environment
  • Strong Presentation, communication and interpersonal skills
  • The ability to collaborate with mainly Finance and Actuarial team on various technical matters.


Measure of Success:

  • Improved risk assessment across various decision making processes
  • Adherence to timelines and quality on delivery of key areas of responsibility
  • Feedback from supervisor and CRO

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