Job Description

:
Our client, a leading institution in the Banking Industry, is seeking a skilled and analytical Assets and Liability Management (ALM) Risk Analyst to join their performance-driven team.
If you meet the qualifications outlined below, we invite you to submit your CV for consideration
Responsibilities:
Supervision

• Review and evaluate insurance firms' ALM frameworks and reports and their ability to manage ALM-related risks.

• Provide expert guidance on matters relating to compliance with minimum regulatory requirements relating to ALM for supervised institutions.

• Develop analytical methods to analyze and interpret risk-based regulatory data submissions.

• Conduct on- and off-site reviews of ALM-related risks for the insurance sector.

• Identify ALM-related risks by processing, reviewing and evaluating relevant applications from supervised institutions.

• Provide specialist support with respect to ALM-related risks within the Prudential Authority (PA).

• Stay abreast of international best practices and developments surrounding ALM-related risks.

• Inform the PA regarding the aggregate behavior of insurers regarding ALM-related risks.

• Ensure that the own risk and solvency assessment (ORSA) process adequately captures ALM related risks.

Regulation

• Assist with the development of internal policies and processes for supervising ALM-related risks.

Training

• Ensure widespread understanding of the concepts and developments in the fields of the above mentioned risks throughout the PA.

Requirements

• A postgraduate qualification in risk management, finance, accounting or auditing

• Five to eight years' applicable experience in the insurance or financial sector or within risk management.

• Applicable alm-risk management experience

• Conversant in the Basel frameworks

• Related to liquidity risk

• At both a theoretical and practical level; and be abreast of best practices in ALM risk management

• Familiar with the liquidity risk papers published by the international association of insurance supervisors

• Knowledge of the insurance act

• Financial risk manager (frm) or a professional risk manager (prmia) qualification

• Excellent risk and control knowledge.

• Knowledge of the risks insurance companies face

• Ability to travel, some on-site reviews and assessments will require the candidate to travel locally

• Effective time management skills

• Innovative analytical/problem-solving skills

• Good verbal and written communication skills

• Good interpersonal skills

• Ability to work in a team and contribute to team success (hybrid and face-to-face)

• Good working knowledge of microsoft office 365 software packages (e.g. word, excel and teams) and other related software packages.

Skills Required