AVP, Investment and Market Risk

Pacific Life Re; City Of London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading investment and risk management company in the UK is seeking an AVP, Investment & Market Risk. The role involves evaluating risks associated with the investment portfolio, developing strategies aligning with financial objectives, and collaborating with various teams. The ideal candidate should have over 10 years of investment experience and a strong analytical skill set.

Benefits

25 days of annual leave

Comprehensive private healthcare

15% combined pension contributions

Subsidized gym membership

Qualifications

• 10+ years of responsible actuarial or investment experience, including responsibilities related to asset liability management.
• Demonstrated ability to build effective relationships with stakeholders.
• Experience in mentoring and training junior team members.

Responsibilities

• Analyze risks associated with the investment portfolio and asset liability management.
• Conduct reviews of investments and hedging for potential risks and opportunities.
• Prepare reports and presentations for senior management regarding market trends.

Skills

Analytical skills

Critical thinking

Problem-solving capabilities

Relationship management

Change management

Team collaboration

Education

BSc or higher

CFA/FIA or equivalent

Tools

Economic capital techniques

ERM frameworks

Job description

Overview

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 & financial objectives.

Responsibilities

• Conducting in-depth review of investments and hedging for new transactions and in‑force portfolio to help identify 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 & financial objectives.
• Oversee market and liquidity risk, especially interest rate, foreign exchange risk, and hedging effectiveness.
• Collaborate with other teams within the company to ensure that investment strategies are aligned with the overall risk management framework.
• Support VP, Savings & Retirements and VP, Protection on strategic investment and market risk initiatives for respective lines of business, directing ad‑hoc projects, reporting, and analysis as requested.
• Be responsible for Prudent Person Principle (PPP) policy and evidencing adherence across investment portfolios and hedging programmes.
• Perform 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), supporting ESG and climate change asset‑risk scenario analysis.
• Prepare 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.
• Document updates to associated risk policies and limits.

Qualifications

• 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 a 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 Skills

• Understanding of the building blocks and drivers of insurance cash‑flows and their determinants, including statutory, economic, and GAAP frameworks.
• 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.

Benefits

• Leave
  • 25 days of annual leave with option to buy/sell more days
  • Adoption and fertility leave
  • Generous enhanced parental leave
• Healthcare
  • Comprehensive private insurance coverage for employee and dependents
  • Group Life Insurance coverage of 9x basic annual salary and Group Income Protection up to 75% of basic annual salary
  • Optical benefits
• Savings & Retirement
  • 15% combined employee/employer contributions
• 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