Management Associate: CA Fresher position

ICICI Prudential Life Insurance Company Ltd.
Jun 13, 2024
Jun 17, 2024
Work Mode
Work from office
Full Time
Organization Type
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
  • 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
  • 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
  • Fund Performance Tracking
    • Actual returns
    • Compounded annualized growth returns (CAGR returns)
    • Benchmark performance
    • Time-weighted rate of return
  • 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)
  • Managing Statutory, Internal, Concurrent auditors

  • On account of the function being highly important and sensitive, audit takes place on a day-to-day basis