Role: Financial Risk Manager
Job Title: AVP / DVP
Department: Risk Management
Education: Post Graduate
Experience: 6 years +
Work Location: Goregaon (East), Mumbai
Role Purpose
To lead and strengthen the Financial Risk Management framework of the Company by overseeing Asset Liability Management (ALM), Capital and Solvency Management, Liquidity Risk, Investment Risk, and Insurance Risk. The role will be responsible for assessing financial resilience through stress testing, reviewing actuarial assumptions and models, evaluating product profitability and sustainability, and supporting strategic decision-making through robust risk analytics and governance.
Closely with the Actuarial, Finance, Investments & Product team to ensure effective management of financial and insurance risks in line with Regulatory requirements and industry best practices.
Key Responsibilities:
Financial Risk Management
Analyse asset-liability mismatches and recommend mitigation strategies.
Review investment portfolio risk exposures and support risk-based investment decision-making.
Develop and monitor relevant Financial Risk Indicators and tolerance limits.
Insurance Risk Oversight
Assess and monitor insurance-related risks including:
Mortality Risk
Longevity Risk
Morbidity Risk
Expense Risk
Lapse/Persistency Risk
Review emerging experience trends and evaluate implications on business profitability and solvency.
Support risk assessment of recent business initiatives and product developments.
Product Profitability & Sustainability Assessment
Evaluate product design from a risk and profitability perspective.
Review pricing methodologies and assumptions used in product development.
Assess product profitability, value creation, sustainability, and risk-return trade-offs.