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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/Challenges:
The regulatory environment 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
| 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 |
Eligibility typically includes the qualifications and experience outlined in the job description above, with around 3-10 Years years of relevant experience expected for this role.
The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a Manager- Infosecurity at Aditya Birla Group.
This role requires around 3-10 Years years of relevant experience, as specified in the job listing. Please refer to the Qualifications & Experience section above for full details.
Skills relevant to this position are outlined in the Qualifications & Experience section above. In general, strong communication, domain knowledge, and the ability to meet role-specific targets are valued across similar BFSI positions.
You can apply directly using the Apply Now button on this page, which will take you to Aditya Birla Group's application process for this role.