Job Description

Chief Manager - Investments

The responsibilities of the candidate will as below:

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

- Credit appraisal of proposals related to Corporate Debt/ Bonds, IPO/ FPO Analysis.

- Reporting on movement of prices.

- Doing analysis through Rate Scan, counterparty concentration, broker concentration etc.

- Responsible for validation of Fund Performance v/s the Benchmark and Peers

- Review of Investment newsletter sent to Policyholders

- Responsible for monitoring of assets supporting Liabilities and ensuring that adequate assets are maintained to support the reserves

Supervise Middle 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

- Ensured all Middle office projects shall conclude within agreed timelines

- Development and Training of Team members and Self

- 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 changes

Timely 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 forums like MIRG, MRC, etc.

- Preparation of IC deck and other investment related matters presented in board/other forums

Supervise implementation activities of new Ind AS ongoing disclosures

- Setting up processes in line with new Ind AS

- Business model assessment for classification and SPPI testing of investments

- Ensure smooth transition of annual disclosures, systems and processes as per new Ind AS

- Ensure accurate modeling of effective interest, Expected credit loss, Loss given default

- Drafting of accounting policies as per new IND AS

- Ensure testing of system for new developments and patches

- Work closely with consultant, team and other stake holders to ensure smooth implementation as new Ind AS

Product Support :

- To support new product launches under existing and new business lines by providing inputs on Investment related processes

- Support to Products team / Actuarial team in respect to Investment guidelines and permitted asset classes for new lines of business

- Finalization of the Accounting policies, accounting opinion and process set-ups for new products and review of existing products

Monitoring Liquidity Risk :

Derivatives:

- Onboarding of New Counterparties for Derivatives Transactions.

- Management of agenda for DMC (Derivatives Management Committee)

- Computation of VAR and Other Risk Measures.

- Impact of Derivatives MTM on Solvency

SOP System Testing and Implmentation

Impact on the Business / Function [COMPLETE 3-4 AREAS]

- Investment performance analysis

- Investment Risk Monitoring

- New product - Accounting opinions / Set-up of Investment processes

- BCP/DR planning & support to BRCM

- Supervise Middle office and related Activities

- Supervise implementation activities of new Ind AS

- Ensuring Compliance and Support in review of Investment Policy, SOP and other Policies

- Timely reporting - Regulatory, Share Holders & Internal

- Audits & Inspections

- Timely and accurate reporting of performance numbers

- Ensure timely reporting of Investment Risk related information

- Ensuring no delays in timely launch of products due to treasury related activities

- Successful BCP/DR and ICMP testing

- Ensure compliance with all required regulations, IC and TIG mandates

- Actively participate in all Middle office related discussions

- Provide all necessary support to team to ensure all middle office deliverables shall delivered without any delay and error

- Provide all necessary support to team to ensure all projects shall complete within timelines

- Nominate team in trainings organised by company

- Ensure compliance with all required regulations, IC and TIG mandates

- Ensure accurate and timely implementation of all changes required under Ind AS

- Ensure all policies shall be updated as per required/changed regulations

- Ensure adherence to IP and SOP

- Support front office in ensuring no deviation to IP and SOP

- Timely and accurate reporting of all Regulatory, Share Holders & Internal reportings

- Ensure closure of all Audits with minimal observations

- Customers / Stakeholders [COMPLETE 3-4 AREAS]

Internal stakeholders

- Senior Management Team

- Investment front office

- Risk Management Team

- Product Team

- Finance Team

External stakeholders

- Risk Management tool vendor for resolving calculation issues

- Audits & Inspections

- Timely and accurate presentation of TIG and IC deck

- Timely and accurate inputs to Front Office

- Timely and accurate reporting of risk incidents and updation of RCA logs

- Ensuring no delays in timely launch of products due to treasury related activities

- Timely and accurate reporting of all Regulatory, Share Holders & Internal reportings

- Timely testing of enhancements / new reports

- Ensure closure of all Audits with minimal observations

Leadership & Teamwork [COMPLETE 3-4 AREAS]

- Team leader - be a good team leader by ensuring all necessary support to team

- Guide and Support other team members

- Motivate and guide team to work towards achieving team goals and deliverables

- Guide and support other colleagues

- Operational Effectiveness & Control [COMPLETE 3-4 AREAS]

- Developing robust systems and processes for Investment performance attribution, regulatory and other stake holder reportings, compliance monitoring etc

- Enhancing controls to ensure timely and accurate outputs

- Automation of performance and other MIs

- Ensure robust and scalable systems and processes to support increase in funds

- To ensure high levels of accuracy

- To automate outputs reports for faster TATs

Major Challenges (The challenges inherent in the role that require a continual test of the role holder\'s abilities)

- New complexities in financial markets by the launch of new financial products e.g. Derivatives, Credit Swaps, Inflation Linked Bonds, AIF, Invets, 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

- Updated knowledge of Indian and Global financial markets

- Current Changes in RBI / SEBI policies, market review update

- Role Context (The environment and operating conditions of the role including the extent of guidance and authority).

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