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  • Head of Financial Market Risk - London - Convex Insurance

    Convex Insurance
    Convex Insurance London

    3 weeks ago

    Default job background
    Description

    Job Title: Head of Financial Market Risk

    This position is responsible for leading the risk oversight of the Group's investment portfolios and managing any financial risks arising from the business, specifically in regard to market, credit and liquidity risks.

    About the Role

    You will lead the Financial Market Risk team and collaborate closely with other Risk Pillars, including Enterprise Risk, Insurance Risk, and the entity Chief Risk Officers. In addition, you will work closely with senior leadership, including the Investment team, the Finance team, and the Actuarial team, to ensure robust risk management practices are in place.

    Main Responsibilities

    • Lead a team of financial market risk professionals and foster a culture of excellence and continuous improvement.
    • Attend critical committees to discuss and provide risk opinions on relevant financial risk matters.
    • Oversee the review of economic scenario generators and drive risk reviews.
    • Provide strategic advice on sign-offs for expansions or significant variations to existing portfolios.
    • Engage with internal and external investment managers to share market insights and risk assessments.
    • Review and validate liability-based benchmarks for use at the Group level and entity level.
    • Take ownership of the validation of market and credit risk parameters for capital modelling.
    • Lead the provision of both quantitative and qualitative risk review on a regular basis.
    • Produce financial risk reports in line with group and entity risk frameworks and investment guidelines.
    • Review risk-based assumptions within the investment plan.
    • Develop and monitor liquidity stress testing and the group's liquidity risk framework.
    • Own the development and maintenance of a comprehensive stress and scenario testing framework.

    Requirements

    • Extensive financial risk leadership experience in an insurance company or actuarial consulting.
    • FIA/FFA, CFA qualification or equivalent.
    • Self-starter attitude, analytical skills, and ability to diagnose and resolve issues.
    • Proven leadership and team management experience with a track record of driving performance.
    • Deep understanding of investment fundamentals, asset classes, sectors, and risk principles.
    • Robust understanding of risk management methodologies such as Value-at-risk (VaR).
    • In-depth experience in ALM and investment portfolios/strategies within Insurance.
    • Well-rounded understanding of risk-based economic and capital models including Solvency II.
    • Significant experience with quantitative risk modelling and stochastic risk models.

    What We Offer

    • Competitive Salary
    • 30 days Annual Leave
    • Birthday Leave
    • 10% Employer Pension Contribution
    • Private Health Insurance Medical Cover
    • Group Income Protection
    • Life Assurance Cover
    • Enhanced Parental Leave
    • Annual Health Check
    • Volunteer Leave
    • Cycle to Work
    • Season Ticket Loan

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