The Senior Manager in Financial Market Risk will collaborate with investment, treasury, and actuarial teams, oversee risk assessments, and lead the production of Risk Opinions while strengthening internal relationships.
As a Senior Manager in the Financial Market Risk team, you will not merely observe risk from the periphery; you will be instrumental in building for the future. Convex Group’s flat hierarchy and use of technology provides the opportunity to move beyond narrow technical remits and engage with the genuine big picture. We operate in a way that prioritises agility and direct impact. This role offers significant business partnering opportunities, requiring you to collaborate closely with Investment, Treasury, and Actuarial teams to inform and influence our risk appetite.
Based in our London office, you will report to the Head of Financial Market Risk, enjoying a high degree of involvement in decision-making and a line of visibility that sits just two steps from the Group Chief Risk Officer. We are looking for a sophisticated practitioner who values the chance to help shape a leading global insurer during an ambitious phase of its evolution.
Key Responsibilities
- Build strong relationships with the investment, treasury, capital modelling, and actuarial teams, ensuring the risk team understand and are kept fully informed of any new initiatives which impact financial market risks.
- Engage with internal and external investment managers to share market insights and risk assessments.
- Lead the production of Risk Opinions for the investment plan, new investment managers, and new asset classes, including overseeing the work of the FMR senior analyst.
- Review the monthly and quarterly reporting produced by the FMR senior analyst.
- Provide oversight of the calibration and validation of investment and credit risk parameters used in capital modelling.
- Supporting the ORSA reporting process from a market, credit and liquidity risk perspective.
- Contributing to quantitative and qualitative reviews of risk on a regular basis, including deep-dive analysis.
- Represent the FMR team in risk committee or investment committee meetings.
Skills Knowledge and Expertise
- Minimum 8 years’ experience in the asset management, insurance, or pension industry.
- Excellent understanding of investment fundamentals, including the range of asset classes a P&C insurer would typically invest in.
- Experience of modelling investments within the context of portfolio design, ALM / SAA, or risk.
- An understanding of risk management methodologies such as Value-at-risk (VaR).
- Experience of risk-based economic and capital models such as Solvency II and BSCR is a plus.
- Self-starter attitude and proven ability to diagnose and resolve issues and strong analytical skills.
- Graduate degree related to finance, economics, actuarial or equivalent.
- A relevant professional qualification such as CFA, FRM, or FIA/FFA.
Benefits
- 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
- 3 days of Volunteer Leave each year
- £1,300 to spend on learning & wellbeing
- Give as You Earn
- Cycle to Work
- Season Ticket Loan
About
In 2019, Stephen Catlin and Paul Brand co-founded Convex with $1.7bn of initial committed capital to underwrite insurance and reinsurance for complex specialty risks. The company has since received an A.M. Best rating of A (Excellent) and regulatory approval to operate in London, Bermuda, Luxembourg and United States.We have also welcomed leaders in their fields from across the insurance industry, bringing a diversity of thought and approach.We live our values in every facet of our business:Earn our reputationEverything we do affects how others see us. Our success depends upon our reputation, for which all of us share responsibility.Straightforward and fairWe tell it like it is, with fairness, dignity and respect. We strive to do the right thing always, however hard it seems.Determined to improveHowever good we are, we are not complacent. We know we can always be better and we never stop trying to improve.Inspired by opportunityWe come to the market and to every client engagement without baggage. There is no limit to what we can achieve together.Enjoy being differentWe feel positive about change and we are not afraid to try new things in our quest for a better way for clients, stakeholders and colleagues to do business.
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