Assistant Vice President - Investment - Life insurance

Job Description

Assistant Vice President - Investment - Life insuranceThe responsibilities of the candidate :Investment Risk / Performance Monitoring :- Responsible for Performance attribution of Investment Portfolios- Computing various portfolio returns used to measure the risk associated with the portfolio and the return, such as Sharpe ratio, Stress testing.- Reporting on movement of prices.- Preparation of Fund Performance v/s the Benchmark and Peers- Investment newsletter to Policyholders- Monitoring of assets supporting Liabilities and ensuring that adequate assets are maintained to support the reservesMiddle office and related Activities :- Ensure Timely and accurate delivery all reporting like IRDA quarterly disclosures, internal, Balance sheet disclosures etc.- Active participation in Middle office related discussions like finalization of Balance Sheet (Process changes, Accounting and Valuation Policies), policies reviews, discussion on draft and new guidelines- Ensure all Middle office projects shall conclude within agreed timelines- Building strong relationship with other departments within the organization Compliance and review of Investment Policy, SOP and other Policies :- Monitoring of Regulatory Compliance of Investment pattern and exposure- Monitoring of Limits set by Investment Committee- Actively participate in new policy formation- Review and update of the existing policies as per latest regulations- Review and update of Standard Operating Procedure (SOP) as per industry best practices and regulatory changesTimely reporting of all Regulatory, Share Holders & Internal :- Ensure Timely and accurate delivery of the IRDA Investment returns, Balance sheet disclosures and other stake holders reporting- Ensure timely Internal reporting Including ULIP disclosures, Public disclosures and Financial- Support in selection of peers based on internal criteria.- Ensure correctness of the reporting of fund performance against the benchmark & peers to Board, IC and other forumsBCP / DR Plan and Support to BRCM :- To ensure periodic testing at alternative site / DR site- Support to functional Business Risk & Control Manager (BRCM) in identifying, mitigating and monitoring all key risks within the function- Support in Risk and Control assessmentAudits & Inspections :- Support in IRDA inspection- Risk Management Systems Audit- External and compliance reviews- Ensure timely provision of data to all Auditors and smooth closure of Audit of Investment MO/BO FunctionMajor Challenges :- New complexities in financial markets by the launch of new financial products e.g. Derivatives, Credit Swaps, Inflation Linked Bonds, AIF, Invits, Reits etc.- Continuous update of change in IRDA regulation and IND-AS.- Credit and Market Risk Analysis and Risk Ratios in a dynamic market environment- New product launches under different platforms with complexities involved- Time Management- Consistency and accuracy in work- Ability to read between the lines and interpret- Current Changes in RBI / SEBI policies, market review updateRole Context :- Investment Performance and Risk monitoring, Regulatory reportings etc.- The role requires in depth knowledge of financial markets, financial products, regulatory framework, balance sheet and Risk Management, IND-AS standards.- The position requires advanced knowledge of M-Fund- Good knowledge of Excel including the Analytical tools and power point presentations- The position requires having excellent inter-personal skills as it requires active interaction with all dept.- Good Accounting knowledge: Equities, Bonds, Repos, MBS/ABS (Mortgage backed securities), Loans & deposits, CP/COD- Preparation of Financial Statements as per IND AS / IFRS - IND AS 109- System Enhancement and Development through Third Party Vendors- SPOC for all audits (Internal Audit, Statutory Audit, IRDA Audit, System audit, Concurrent Audit)TOTAL : 100%REQUIRED QUALIFICATION AND SKILLS :Qualification : CA- Work experience in years: 5 years +Skills / experience required :- Good knowledge of Financial markets, Financial Products & Risk Management.- Strong knowledge of Mfund , SAP.- Good knowledge of Excel including the Analytical tools and power point presentations.- Excellent inter-personal skills for active interaction with front office, Actuary & other internal dept. & other industry players.,

Keyskills :
financeriskreportingbankingcompliancefixed income derivativesstandard operating proceduremarket riskfront officesystem auditbalance sheetmiddle officerisk analysislife insurancerisk management