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Job Purpose The purpose of this job is to develop and monitor investment risk & compliance policies and processes framework to ensure adherence to the regulatory and internal investment guidelines and portfolio are built as per the risk appetite defined by the shareholders & policyholders.The Job is also required to have expertise & awareness of Investment Regulations regulated by IRDAI from time to time & ensure seamless stakeholders management.Qualitative inputs and support to Investment team for high profile projects

Job Context & Major Challenges Job Context/Challenges The regulatory workplace is changing rapidly. With the dynamic market conditions & changing regulatory aspects, we need to continuously improve on our policies and processes to ensure effective management.

ABSLI launches innovative products and invest into different asset classes, many a times these don’t have the adequate knowledge bank and system support to monitor and measure the risk associated with them.

The regulatory guidelines at times are ambiguous, making it a challenge to understand and implement to be in compliance.

ABSLI offers products with guarantees; this makes risk managements very significant and critical. These needs to be monitored on a daily basis.

Lack of established scientific tools to measure and quantify risk parameters.

Lack of system support in case of automation of critical processes.

Delivering the ad-hoc reporting requirements of regulator within a short span of time.

Lack of manpower with subject matter expertise in fire-fighting situations and for support activities

Key Result Areas KRA (Accountabilities) (Max 1325 Characters) Supporting Actions (Max 1325 Characters) KRA1 Ensure adherence with the regulatory & internal guidelines so that ABSLI is in compliance with regulation Monitoring, review and sensitize (where required)



the portfolio position ensuring adherence to internal & regulatory norms.

Provide continuous support to the Investment Team to be in compliance.

Support in developing and communicating the implementation plan for all new guidelines and circular for investment related matters issued by IRDA or any other regulator.

Build and monitor requisite checks and controls for smooth functioning of compliance processes.

Seeking clarifications and managing good relationship with regulators

KRA2 Ensure Timely And Accurate Regulatory & Internal Reporting In Compliance With The Regulatory And Internal Norms Monitoring Accuracy & Deliverables Within Timelines For All Investments Related Reporting To

Regulator

Management and Board Committee

Internal stakeholders.

Providing information / reporting in more analytical format for Investment committee meeting and Asset Liability Committee meeting.

Develop and monitor requisite checks and controls for smooth reports verification processes ensuring Nil errors.

KRA3 Improvise existing processes to ensure better controls and efficiency Review process manuals and standardize them.

Collaborate with process excellence team, system support, IT team and external vendors for enhanced technical support to automate key processes.

Coordinating & providing the information required to the auditors: Statutory, Internal, and Regulatory

KRA4 Initiate and implement Investment projects for improving on current policies & processes. Initiating new processes & policies to address and respond to changing market scenarios for better operational efficiencies and procedures followed.

KRA5 Special Projects Decoding Regulatory changes with the Industry and representing it to IRDAI

SAP system as Investment Portfolio Management System & Technical Review of the system

Derivative Risk Management

KRA6 Risk Assessment Risk Assessment of processes under all the Investment Functions

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📌 Manager- Infosecurity (Maharashtra)
🏢 Aditya Birla Capital
📍 Maharashtra