Investment Risk Manager

Experience Required: 3 to 8 years

Qualification: CFA / CA / MBA (Finance) / Actuarial (Associate Actuary or SP5) / FRM (Level 1/2)

Role Purpose:

To support the Risk Management function in identifying, assessing, monitoring, and reporting financial risks across asset and liability portfolios. The role involves active engagement in asset risk, credit risk, ALM, and derivative governance, while providing strategic insights and risk intelligence to senior management.

Key Responsibilities:

1. Asset Risk Management:

• Analyze portfolio risks arising from market movements, liquidity, counterparty exposures, and derivative positions.
• Develop and maintain dashboards to track risk metrics and portfolio sensitivities.
• Conduct stress testing and scenario analysis across investment portfolios.
• Monitor asset-side risks using metrics such as Modified Duration, VaR, and PV01.
• Prepare scheduled reports including Attribution Reports, Risk Council/Committee presentations, and peer benchmarking.

2. Credit Risk Management:

• Evaluate and monitor credit risk in debt instruments, SDLs, and non-sovereign exposures.
• Maintain a robust credit risk framework for assessing new and existing exposures.
• Track stressed assets and provide timely alerts to HoD/CRO.
• Recommend exit strategies for deteriorating credit positions.

3. ALM and Derivative Risk:

• Participate in liability-side risk assessments and ALM studies.
• Assist in derivative governance, reporting, and policy implementation.

4. Strategic Risk Advisory:

• Collaborate with senior management to ensure adherence to the Risk Management Framework.
• Provide guidance on identifying, assessing, mitigating, and reporting financial risks.
• Engage with cross-functional teams including Actuarial, Finance, Products, and Investments to embed risk insights into business decisions.
• Contribute to the development and periodic review of key risk governance documents such as the Risk Appetite Statement, Risk Management Policy, and Risk Strategy.

Preferred Skills & Competencies:

• Strong understanding of the Indian and global life insurance industry.
• Background in market risk or actuarial roles is advantageous.
• Proficiency in risk management tools, techniques, and reporting frameworks.
• Analytical mindset with attention to detail and strong communication skills.
• Ability to challenge constructively and influence decision-making at senior levels.