AVP - Financial Risk Management

Key Responsibility Areas

· Responsible for compliance, oversight and monitoring of risk management framework for all financial risks in line with regulatory guidelines, Board guidance and risk management best practices

· Responsible for collation and assessment of key enterprise wide risk indicators from various functions, analysis of any adverse trending and preparation of risk profile and reports; oversight over credit, market, liquidity, insurance & business/ strategic risk

· Represent Risk function in the new products evaluation and risk assessment and provide guidance to Actuarial, Products and other relevant functions to help assess risk in the proposed product ideas/ concepts and ensures that these remain within the risk appetite

· Conduct thematic risk reviews, RCA control testing validation from time to time as per the defined schedule

· Play an advisory role in strategic business and change projects where assigned to represent the Risk function to ensure that the processes are designed with due regard to associated risks and controls and the control environment is being built in accordance with the requisite control standards and the risk appetite of the Company

· Provides feedback and inputs from risk perspective on agendas of internal executive management forums like Treasury & investment group, Asset liability management group, Insurance risk group, Product & Pricing Risk Committee, Product Management Committee

· Risk assessment of new issuer or asset class or guided allocation and work closely with finance, investments and treasury function

· Ensure risk is being managed within the stated risk appetite and risk mandates approved by RMC or internal forum from time to time. Escalate matters where risk may be outside the risk appetite or where this is likely to go outside the risk appetite

· Conceptualization, improvement and roll out of model risk framework. Ensure adequate oversight being maintained over the model risk framework

· Performing risk assessments to analyze current exposures to interest rate risk and identify emerging risks and trends affecting the company.

· Coordinating with key stakeholders to facilitate and enhance risk reportings

· Oversight on the Investment Call recording management process and other key controls in the process. Also responsible to liaise with internal or external auditor to provide assurance on efficacy of the process

· Prepare reports and presentations to clearly articulate the Companys financial risk profile, risk management strategies, and recommendations for mitigation