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ALM & Hedging Specialist

Date Posted
13th May 2015
Investment, Life
Job Type
Salary dependant on level of experience

Job Description Apply: ALM & Hedging Specialist

Purpose of Role:

To provide insight and assurance to the Head of Investment Risk about the ALM and liquidity (including collateral) risks faced and emerging with relation to the company. Such insight and assurance to be provided in the context of the company’s  stated Risk Strategy and Appetite, its obligation to policyholders and how it conducts its business, its regulatory and other relevant obligations and requirements.

Key Responsibilities:

  • Advise the CRO on hedging and liquidity risk policies and procedures, risk appetite, and limits, key risk indicators, risk management information, stress and scenario testing, and risk governance framework; facilitating embedding of the framework on behalf of the Head of Investment Risk
  • To advise the Head of Investment Risk on setting  Liquidity and ALM Risk Strategy, Appetite and Limits and ensure that the key risk and performance metrics of the firm reflect, with sufficient specificity, the targeted Risk Appetite
  • Monitor compliance with the ALM and liquidity risk appetite and limit framework and ensure exceptions are appropriately resolved
  • Validate and report ALM and liquidity risk management MI to the Head of Investment Risk
  • Review and validate analysis of actual ALM and liquidity risk related experience and report to the Head of Investment Risk on any implications
  • Provide input to scenarios for the stress and sensitivity testing.
  • Provide assurance to the Head of Investment Risk on risk and controls through periodic deep dive reviews, investigations and general oversight work
  • To liaise with the ALM team and Investment Operations team on aspects of Asset-Liability Management, including helping them identify, manage and monitor risks affecting the business.
  • To advise on risk mitigation strategies and implementation across market risk, liquidity risk and counterparty risk, including the company’s  relationship with internal and external asset managers, and collateral management.
  • Provide support to the business with managing day-to-day and new risks to ensure significant risks are properly identified and managed in line with the risk appetite.

Competencies required:                                                                                  

Core Competencies

  • Role Competencies
  • Professionalism & Enterprise
  • Team Spirit & Collaboration
  • Innovation with Focus
  • Knowledge of legal regulatory and industry requirements
  • Knowledge of business processes, standards, policies and procedures
  • Judgement
  • Environmental scanning
  • Drive and resilience

Qualifications Required:


  • Advanced qualification reflective of a high degree of numeracy (FIA, CFA, ACA, CAIA or similar)
  • Prior experience of a senior risk management role in a relevant financial services entity (insurance, asset management, banking)
  • Experience with broad asset classes, particularly those giving rise to credit risk
  • Familiarity with the UK regulatory environment and specific solvency regimes


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