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
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
