Job Title
AVP, Investment and Market Risk
Job Description
The AVP, Investment & Market Risk will be responsible for analysing and evaluating the risks associated with the company’s investment portfolio and asset liability management. You will work closely with the business to develop and implement investment strategies that align with the company’s risk tolerance and financial objectives.
To be successful in this role, you should have a strong background in investment analysis, and market risk management. You should also have excellent analytical and problem-solving skills, as well as the ability to work collaboratively with others. A degree in finance, economics, or a related field is typically required, along with relevant work experience in investment analysis or risk management.
Duties
- Conducting in-depth review of investments and hedging for new transactions and in-force portfolio to help identifying potential risks and opportunities.
- Utilizing industry best practices to quantify risk and aggregate exposures. Monitoring against key risk limits.
- Assign risk limits to investment strategies to align with the company’s risk tolerance and financial objectives.
- Overseeing market and liquidity risk, especially interest rate, foreign exchange risk, and hedging effectiveness.
- Collaborating with other teams within the company to ensure that investment strategies are aligned with the company’s overall risk management framework.
- Support VP, Savings & Retirements and VP, Protection on strategic investment and market risk initiatives for respective lines of business. Direct ad-hoc projects, reporting, and analysis as requested.
- Responsible for Prudent Person Principle (PPP) policy and evidencing adherence across investment portfolios and hedging programmes.
- Performing stress tests and scenario analyses to evaluate the impact of market changes on the company’s investment portfolio and asset liability management.
- Provide analysis for regulatory reporting including The Commercial Insurer’s Solvency Self Assessment (CISSA), including supporting ESG and climate change asset risk scenario analysis.
- Preparing reports and presentations for senior management and other stakeholders. Monitoring market trends and providing recommendations to management committees.
- Provide coaching and mentorship to other members of the team.
- Contribute to the improvement of processes, use of software/methodologies, and knowledge to enhance the maturity of market and investment risk management framework.
- Documentation of updates to associated risk policies and limits.
Qualifications & Experience
Essential:
- BSc or higher. CFA/FIA or equivalent status desirable.
- 10+ years of responsible actuarial or investment experience including responsibilities related to asset liability management, structured assets and asset-backed securities, or related field.
- Experienced in building effective relationships with key stakeholders such as investment teams, pricing teams, risk management, actuarial consultants, and senior management.
- Capable of effecting significant change by driving change management.
- Exceptional analytical, critical thinking, and problem-solving capabilities.
- Positive attitude, collaborative and team-oriented.
Desirable:
- An understanding of the building blocks and drivers of insurance cash-flows and their determinants, including statutory, economic, and GAAP frameworks.
- Easily conversant with hands-on experience on a broad set of insurance products, i.e., life and annuity, protection etc.
- Expertise in economic capital techniques and analysis.
- Expertise in design and implementation of ERM frameworks.
- Strong mentoring skills to develop and train junior members of the team.
- Project management skills.
Working For Pacific Life Re
Every person in our global team is valued for the unique qualities they bring to our business and we seek to build their expertise and support their individual ambitions at every step. Of course, we take our work seriously and we know our team can operate under great pressure. We work hard and thrive on achievement, but we also know how to have fun and relax too. We regularly host a range of team building days to strengthen our team's connection with each other and reflect on their successes.
Providing employees with a healthy work-life balance is very important to our culture. We have a wide range of employee benefits and we host regular social activities and well being initiatives. We are also committed to supporting our employee's involvement in their communities, by actively fundraising, hosting charity events and overseeing volunteering opportunities.
Benefits (Only for Permanent and Fixed Term Employees)
Leave
25 days of annual leave with option to buy/sell more days
Adoption and fertility leave
Generous enhanced parental leave
Healthcare
Savings & Retirement
Wellness
Subsidized gym membership
Access to Employee Assistance Program
Cycle to Work and Electric Car Salary Sacrifice Scheme
Time off for volunteering
Charitable matching of employee donations
As part of our commitment to diversity and inclusion, we will provide reasonable adjustments during the recruitment process to ensure equal access to applicants with disabilities. Please contact us about your needs so that we can discuss these with you to make sure that suitable adjustments are made, where possible.
Pacific Life Re Values
Please click here to view our company values
