Head Of Investment Oversight

Competitive | London | Permanent
Posted 1 year ago

Head of Investment Oversight – Group Risk Management


To lead a Risk Management oversight function of investment activity. Lead the Risk Management input into screening of Private Debt investments, and ensure the associated risks are appropriately represented in the internal model.
Provide independent challenge to the executive management on matters related to investment risk and to deliver independent balanced accessible information and advice on risk issues to Management Risk Committee and Board Risk Committee (BRC) via the CRO.
Support the CRO to work with the BRC and with management to maintain an appropriate legal entity risk governance framework including agreement (at least annually) on target capitalisation and investment mandates.
Establish and document the risk control framework of the legal entity (including any necessary risk tolerance and capacity limits), consistent with Group Risk Management Standards.
Ensure that policyholder outcomes are given adequate and appropriate consideration in matters that relate to investment risk; and lead Risk Management oversight of policyholder asset managers, collaborating as appropriate with Asset Management and Compliance.
Develop and maintain the Investment Guidelines.
Lead the ongoing enhancement of the risk management framework for Private Debt, proactively ensuring that any gaps identified are closed on a timely basis.
Help establish the investment mandates and strategic asset allocations within the agreed governance framework and monitor investment risk exposure, performance against benchmarks and ensuring internal liquidity requirements are met.
Ensure investment in derivatives adheres to existing governance requirements set out in the Derivatives Use Plan and Investment Guidelines.
Review and challenge as appropriate the work of Group Risk Management functions providing specialist risk management services on behalf of the organisation e.g. Independent Price Verification and Manager Credit Rating Assessments.
Ensure ongoing compliance with the volatility adjustment and matching adjustment applications and represent risk management's responsibilities in updating the applications as and when required.
Ensure the risks of Private Debt are adequately communicated to the Board, monitored and captured by the Internal Model.

Skills / Experience

Excellent communication and influencing skills (both written and verbal)
Ability to challenge status quo in effective and constructive manner
Demonstrable abilities in building, managing and maintaining a high performance team
Feed investment risk information into the ORSA process.
Strong academics – likely to involve a degree and professional qualification/ partial qualification in a risk, finance, actuarial or equivalent financial discipline
Strong knowledge of the operation of both economic and statutory risk management concepts and issues
Detailed knowledge of current and future UK regulatory issues and requirements in both conduct of business and prudential arenas
Detailed knowledge of life insurance business, risk profile and risk mitigation structures
Detailed knowledge of group risk management requirements
Essential 10 years' experience in risk and actuarial disciplines
Qualified Risk or Actuarial professional

For more information about this role, please contact:

Sara Susman

0161 237 0006

See Sara Susman's jobs
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