Kshema – General Manager – Financial Risk

Kshema General Insurance Limited; Hyderabad; On-site; INR 2,000,000 - 3,000,000; Full time

Job summary

A leading digital insurance company in Hyderabad seeks an experienced individual to develop and manage its financial risk management strategies. This role demands at least 12 years of relevant experience, knowledge of financial risk and hedging strategies, as well as an MBA or CA background. The candidate will work closely with senior management and ensure effective execution of risk policies and frameworks.

Qualifications

• Minimum of 12 years of relevant experience required.
• Preferred certifications: FRM/IRM.

Responsibilities

• Develop financial risk management framework/strategy.
• Conduct research/statistical analysis for risk events.
• Develop and document risk methodology and policies.
• Ensure execution of hedging strategies.

Skills

Financial risk management

Hedging strategies

Statistical analysis

Risk modeling

ALM knowledge

Education

MBA with engineering background or CA

Tools

Risk management frameworks

Financial modeling tools

Job description

About Us:

Kshema General Insurance Limited (Kshema) was established in 2018 and is India’s only Digital Agri Insurance Company catering to farmers/cultivators in the Agriculture Sectors.

Kshema enables cultivators with resilience from financial distress due to extreme climate events and perils through localised insurance products.

Kshema is leveraging Technology to provide cutting edge insurance solutions to farmers.

Kshema has a pan India presence with more than 500+ employees on roles along with 500+ employees as contractors.

Job Description:

Required Knowledge & Experience:

• Looking for a Minimum of 12 years of relevant experience.
• Understanding of financial risk management, hedging strategies and knowledge of ALM.
• To develop a financial risk management framework/strategy as per company’s business objectives and risk appetite.
• To develop, improve, and update financial risk appetite, policies, and tolerances as per changing business/market dynamics.
• To work collaboratively with the senior management team and credibly challenge strategies/policies based on independent risk assessments/inputs to facilitate risk-based decision-making.
• To conduct research/statistical analysis to assess the frequency and severity of risk events through stress testing, sensitivity analysis, etc.
• To develop, calibrate, and run high-quality risk models for quantification and assessment of risk.
• To identify material changes in risk profile proactively and emerging risks.
• To perform financial risk reviews for Market and Credit risk.
• To ensure ALM risk management liquidity risk and interest rate risk.
• To ensure the execution of hedging strategies and monitoring their effectiveness continuously.
• To use a sound understanding of derivative instruments for the creation of hedging strategies.
• To monitor/analyze key financial matrices and assess the potential impact of changes in them on the company’s financial strength.
• To develop and document the risk methodology and policies/procedures.
• To ensure continuous improvement in risk management framework and monitoring tools.

Requirements:

• Educational Qualification: Preferred MBA with engineering background/CA.
• Certifications: FRM/IRM.