Director, Liquidity Risk

  • London
  • Permanent
  • Full-time
  • 2 months ago
Job Title Director, Liquidity RiskJob DescriptionRole descriptionThe Director, Liquidity Risk will play a key part in Pacific Life’s growth and long-term success by supporting the development of the enterprise liquidity risk management capabilities. We’re seeking a talented Director, Liquidity Risk to join our Enterprise Risk team to evolve and enhance our liquidity risk managementThe role is varied and dynamic, with work contributing to key strategic and operational initiatives. The role focuses on:
  • Development of the liquidity risk framework including embedding Bermuda entities and refinement of scenarios
  • Design and implement risk appetites for liquidity levers
  • Input into the annual Commercial Insurer’s Solvency Self-Assessment (“CISSA”) process incorporating analysis of liquidity stress testing
  • Support the production of certain liquidity stress tests and regular monitoring against limits
The successful candidate should have a strong background in liquidity risk acquired within a life insurance or reinsurance company. You should also have excellent analytical and problem-solving skills, as well as the ability to work collaboratively with others.This role will involve working with senior stakeholders across the Enterprise, across all legal entities and Divisions as part of the Enterprise Risk team based in Newport Beach.Core DutiesRisk framework
  • Develop our 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
Stress and scenario analysis
  • 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
Bermuda entities
  • 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
Qualifications & ExperienceEssential
  • A relevant professional qualification with at least 10 years’ business experience
  • Life insurance or reinsurance industry experience
  • 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
Desirable
  • Familiarity with capital bases and financial reporting standards
  • Understanding of risk management frameworks
  • Knowledge and awareness of global reinsurance regulations
Working For Pacific Life ReEvery person in our global team is valued for the unique qualities they bring to our business and we seek to build their expertise and support their individual ambitions at every step. Of course, we take our work seriously and we know our team can operate under great pressure. We work hard and thrive on achievement, but we also know how to have fun and relax too. We regularly host a range of team building days to strengthen our team's connection with each other and reflect on their successes.Providing employees with a healthy work-life balance is very important to our culture. We have a wide range of employee benefits and we host regular social activities and well being initiatives. We are also committed to supporting our employee's involvement in their communities, by actively fundraising, hosting charity events and overseeing volunteering opportunities.Benefits (Only for Permanent and Fixed Term Employees)Leave25 days of annual leave with option to buy/sell more daysAdoption and fertility leaveGenerous enhanced parental leaveHealthcareComprehensive private insurance coverage for employee and dependentsGroup Life Insurance coverage of 9x basic annual salary and Group Income Protection up to 75% of basic annual salaryOptical benefitsSavings & Retirement15% combined employee/employer contributionsWellnessSubsidized gym membershipAccess to Employee Assistance ProgramCycle to Work and Electric Car Salary Sacrifice SchemeTime off for volunteeringCharitable matching of employee donationsAs part of our commitment to diversity and inclusion, we will provide reasonable adjustments during the recruitment process to ensure equal access to applicants with disabilities. Please contact us about your needs so that we can discuss these with you to make sure that suitable adjustments are made, where possible.Pacific Life Re Values

Pacific Life Re