Job Description
Role Purpose:
Establishing controls and checks to ensure a robust Investment Compliance and building up a comprehensive information system for internal and external reporting
Organization Context:
Back Office Investment Compliance role with day to day coordination with Fund Accounting and Treasury team
Front office Support Continuous support to Front office in terms of regulatory reference and update
One point contact for all the investment related reporting and regulatory updates
Team Support Back up to the team members to ensure that there is no break in the normal functioning of the team
Coordination with Actuary and Finance team on a regular basis
Key Accountabilities
1. Investment Compliance with Regulatory and internal limits. It includes SOD, intra day and EOD checks on limits to ensure proactive compliance with-
Investment Regulations prescribed by IRDA
Insurance Act (Investment related)
Technical Guide to audit of investment function of insurers
Fund specific investment policy
2. Risk Management framework to ensure proper controls are in place
Market Risk
Computing various portfolio returns
Regular limits monitoring and Exception Reporting. Also reporting on movement of prices.
Credit Risk-
Capture instrument ratings to enable generate statement of downgraded Investments.
Monitor various regulatory limits on exposure & Rating
Track of movement of Securities between Approved and Other Investments Status
VaR, Performance attribution etc
3. Fund Performance Tracking
Actual returns
Compounded annualized growth returns (CAGR returns)
Benchmark performance
Time-weighted rate of return
4. Reportings
Financial reportings (ULIP Disclosures)
Regulatory Reportings (IRDA, RBI, SEBI)
Promoter & Management reportings (ICICI Bank & Prudential)
Website disclosures ( Assets held, fund performance, historical performance charts and graphs)
5. Managing Statutory, Internal, Concurrent auditors
On account of the function being highly important and sensitive, audit takes place on a day-to-day basis
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