Unique opportunity available for a passionate and talented Financial Market Risk Manager to join an innovative and exciting green field insurer/reinsurer.

The role will be based in London, supporting the Head of Financial Market Risk in the risk oversight of the Group’s investment portfolios as well as any financial risk arising from the business.

The incumbent will work closely with the investment team to support their portfolio management and strategy from a risk management perspective, with the capital team to support the calibration and validation of the internal model developed and with the Actuarial teams to maintain a liability-based benchmark for the asset portfolio.

Key Responsibilities

These include but are not limited to the following:

• Production of risk reports in line with the group and entity risk frameworks and investment guidelines, including provision of forward-looking risk commentary.
• Review the liability-based benchmarks for use at the Group level and entity level.
• Support the calibration and validation of market and credit risk parameters for use in capital modelling
• Provision of both quantitative and qualitative review of risk on a regular basis, including deep-dives
• Review risk-based assumptions within the investment plan.
• Support in deriving and monitoring liquidity risk and the group’s liquidity risk framework.
• Help develop and maintain a stress and scenario testing framework.
• Contribute to the ORSA reporting process from a market, credit and liquidity risk perspective and stress and scenario testing.
• Support risk review and advice on sign offs on any expansions or significant variations to existing portfolios, including new investment products and due diligence on new investment managers.
• Engage with internal and external investment managers to share market insights and risk assessments.

Experience and Qualifications

• Financial risk experience (minimum 5 years) in the context of an insurance company or actuarial consulting
• Strong understanding of investment fundamentals, asset classes, sectors and principles behind deriving both systematic and non-systematic risk.
• Strong understanding of risk management methodologies such as Value-at-risk (VaR).
• Strong understanding of risk-based economic & capital models including Solvency II.
• Significant experience with quantitative risk modelling, ideally with practical experience with stochastic risk models.
• Graduate degree in financial modelling, economics, quantitative risk or equivalent.
• Good progress towards a relevant professional qualification (CFA, Actuarial or FRM).
• Prior experience of using MSCI Risk Manager is an advantage.