Investment Operations Manager
2 weeks ago
Key Responsibilities
As Vice President of Investment Management at Max Life Insurance, you will be responsible for overseeing the investment operations function, ensuring timely and accurate processing of investment transactions, and maintaining compliance with regulatory requirements.
Key Responsibilities Include:
- Preparation and review of schedules, IRDA reporting, shareholder reporting, and management reporting, including IND AS-based reporting.
- Understanding and compliance with IRDAI regulations, including continuous assessment and study of new circulars.
- Preparation of Investment Committee meeting agendas, data for the deck, and review of Standard Operating Procedures.
- Support to Concurrent Auditors and Statutory Auditors by providing timely data and ensuring successful completion of audits.
- Ensuring accurate NAV generation on a daily basis and timely settlement of trades.
- Settlement of trades, KYC management, and bank signatory updates.
- Timely and accurate reporting of investment performance numbers.
- Timely reporting of investment risk-related information.
- Supervision of middle office and related activities, ensuring adherence to IP and SOP.
- Management of the derivative desk, including expansion of the derivative program with new hedging tools.
- Support in implementing new asset classes and identifying opportunities for automation and process simplification.
Measures of Success
- NAV computed and processed daily without errors.
- All trades settled timely and no failed deals.
- Timely submission of reports in line with regulatory and management requirements.
- Accurate capture of minutes and timely circulation of decks to Board members.
- Zero observations by auditors.
- Effective management of the derivative desk and relevant reporting.
- Automation, compliance, and improvement agenda resulting in process improvements.
- Providing sufficient data to auditors and ensuring audit closure without pending issues.
- Effective controls on data.
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