Please see Job Description
SCOPE OF JOB:
Leading and enhancing the client portfolio investment risk management framework and process by providing support for the development and updating of risk management policies, procedures and reports
Regularly review and monitor investment risks associated with the off-balance sheet with a focus on client portfolio investments funds, collective investment schemes, pension plans and schemes, updating CPIC on the associated investment risk.
Keep abreast of regulatory and international best practice and apply these as required
Designing and producing accurate risk reports on a monthly, quarterly or ad hoc basis as required by the CPIC, Board Risk Committee and Management taking into account regulatory statutes and international best practice.
Independently create models to support analyses and recommendations to CPIC and Board Risk Committee
Check and provide risk analysis on all new investments/models/funds on an ex-post and ex-ante basis.
Frequent interaction with the Client Relationship Managers, Investment Managers and Fund Administrators to ensure business needs are met from a risk perspective.
Provide risk commentary for client reports, internal meetings and fund board meetings.
Conduct risk assessments of the Investment Management business, including client portfolios and funds and contribute to the compliance culture.
Work closely with performance analyst to ensure the consistency of data and analysis across the business.
Establish and maintain a dashboard which assesses and analyses client holdings/model portfolios (Non-Discretionary and Discretionary client portfolios, CIS, Pension Funds and Schemes), against, regulatory requirements, SIPP/IPS and other approved risk measures. Reporting findings to CPIC or Board Risk Committee as appropriate
Provide risk consultancy on the Jamaican pension and collective investment scheme regulatory environment.
Contribute to ad hoc projects as identified by the Business.
Performs any other duties, which may be assigned from time to time.
Promotes the JMMB’s philosophy of the Vision of Love and its unique culture
Is engaged in the transformation process for the continuous improvement of the JMMB and its associated companies.
EDUCATION, TRAINING & WORK EXPERIENCE REQUIRED:
Master Degree in Finance, Economics, Actuarial Science or risk-related qualification is preferable; or
Bachelor Degree in Finance, Economics, Actuarial Science or risk-related qualification is preferable and at least two (2) years relevant experience.
In pursuit of Risk or Financial certification (FRM or CFA) or Postgraduate qualifications
Intermediate level of quantitative knowledge and skills, with a broad knowledge of risk management.
High level of proficiency in business modelling and programming skills (programming languages such as Excel VBA, Bloomberg PORT/MARS, R and/or BI).
Good understanding of the financial sector laws, regulations, ethics and professional jargon.
Good knowledge of financial, economic and statistical concepts and their application.
Understanding of the local financial sector and exposure to international capital markets.
Proficient in pricing of financial instruments.
Experience in financial modelling would be an asset.
Strong oral and written communication skills
High level of proficiency in the use of computers, especially spreadsheet and modelling software.
Minimum of three years’ work experience, preferably in a financial institution.