Quantitative Risk Manager - Liquidity
KrakenSalary not specified
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Insurance, Life Insurance, ReinsuranceIndustries
Requirements
- A relevant professional qualification with at least 10 years’ business experience
- Life insurance or reinsurance industry experience
- Strong background in liquidity risk acquired within a life insurance or reinsurance company
- Excellent analytical and problem-solving skills
- Ability to work collaboratively with others
- Ability and confidence to provide robust challenge to colleagues, including senior management, and a willingness to challenge the status quo
- Ability to communicate complex concepts and information to a variety of stakeholders (management, regulators, board, staff) both orally and in writing
Responsibilities
- Develop the liquidity risk framework including embedding Bermuda entities and assessment of refinement opportunities
- Design and implement risk appetites for liquidity levers
- Support liquidity assessments of investing in private / less liquid assets
- Investigate liquidity costings in new business pricing to propose appropriate allowances
- Develop appropriate liquidity stress and scenario analysis to derive meaningful insights on internal liquidity needs
- Review and challenge liquidity stress testing results at both Division and aggregate legal entity levels
- Lead the development of the Bermuda Contingent Liquidity Plan
- Design and run tabletop exercises to test the Bermuda Contingent Liquidity Plan
- Support the production of certain liquidity stress tests and regular monitoring against limits
- Develop Bermuda Risk MI to recommend and refine liquidity metrics
- Input into the annual Commercial Insurer’s Solvency Self-Assessment (“CISSA”) process incorporating analysis of liquidity stress testing
Skills
Liquidity Risk Management
Liquidity Stress Testing
Scenario Analysis
Risk Framework
Risk Appetite
Stress Tests
Analytical Skills
Problem Solving
Bermuda Entities
CISSA
Solvency Self-Assessment
Pacific Life
About Pacific Life
Newport Beach, CaliforniaHeadquarters
1868Year Founded
$189.4MTotal Funding
N/ACompany Stage
Fintech, Financial ServicesIndustries
1,001-5,000Employees