Non-Bank ALM Risk Head

Job Description

• To lead the Asset and Liability Management (ALM) Risk function for insurance and other non-bank businesses within Group Treasury Risk, ensuring that ALM risks are proactively identified, assessed, measured, monitored, managed, and reported in an accurate and timely manner. The role provides independent oversight of the ALM risk framework, ensuring adherence to Group policies, approved risk limits, governance standards, and risk appetite requirements, while supporting effective risk management and regulatory compliance across the non-bank portfolio.
• Build and enhance forward-looking ALM risk modelling capabilities, including scenario analysis and stress testing.
• Monitor industry trends, regulatory developments, and international best practices to improve ALM risk management practices.
• Assess the impact of regulatory and legislative changes and provide input into relevant risk management frameworks.
• Ensure that insurance and non-bank ALM risk appetite measures remain appropriate in the context of business strategy, operating conditions, regulatory requirements, and overall organisational risk appetite.
• Continuously enhance ALM risk frameworks, policies, methodologies, and management practices to improve risk maturity and effectiveness.
• Ensure compliance with approved risk appetite measures, prudential requirements, and relevant governance standards.
• Maintain an effective ALM control environment and promote a strong risk culture across insurance and non-bank businesses.
• Anticipate emerging ALM risks and work collaboratively with first-line teams to address and mitigate risk exposures.
• Provide independent oversight, challenge, and guidance to business stakeholders on ALM risk matters.
• Develop, maintain, and enhance ALM risk metrics, measurement methodologies, and risk management approaches.
• Oversee the preparation and review of ALM risk reports for risk monitoring, governance committees, and internal and external stakeholders.
• Establish standards and expectations for ALM risk information presented to governance forums.
• Support the effective functioning of ALM governance, oversight processes, and committees.
• Build and maintain effective relationships with key stakeholders, including business leadership, Board committees, ALCCO, regulators, and other relevant parties.
• Communicate ALM risk exposures, trends, and key matters clearly and transparently to both technical and non-technical audiences.
• Lead, coach, and develop a team of ALM risk professionals to deliver effective risk oversight and support.
• Foster a culture of learning, collaboration, accountability, and continuous professional development.
• Support succession planning and capability development within the ALM Risk function.
• Manage employee performance through clear goal setting, coaching, feedback, and development planning.
• Participate in talent management and people practices in accordance with organisational policies and procedures.