Investment Risk Manager- Market Risk (insurance sector)
Overview:
To assist the Head of Investment and Solvency Risk to establish the vision and direction of the Investment Risk function, acting as the subject matter expert to provide effective Second Line of Defence oversight, creating and sustaining an embedded risk and compliance culture.
Job Duties:
• To manage the oversight of Market Risk, testing business adherence to the Insurance policy framework and to relevant regulations.
• Provide an effective function ensuring appropriate policies, frameworks, systems and controls exist.
• Assist the Head of Investment and Solvency Risk in defining policies, minimum standards relating to Market risk, refreshing them as necessary and providing subject matter expertise on related matters.
• Ensure that the business complies with the current legal and regulatory obligations and reports any suspected breaches to Risk Management Committee in line with agreed escalation arrangements.
• Assist the Head of Investment and Solvency Risk in setting, managing and monitoring the risk, appetite framework for Market risk, ensuring that risk exposures are monitored.
• Provide input, challenge and regular review of the capital requirements in light of the risk appetite, providing advice appropriate and to manage the implementation of Solvency II.
• Support the Stress and Scenarios Team.
• Monitor and provide input where necessary to business strategies (such as new products, processes or systems), providing oversight challenge, intervention and analysis as required.
• Produce accurate and timely risk reporting in line with Executive, Group and senior management requirements including Risk Management Committee and Board Risk Committee.
• Maintain independent analysis and opinion over investment risk exposures, monitoring development of the wider marketing environment.
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