ALM & Structuring Team

The Emerald Group
London, United Kingdom
Market rate
Apr 10, 2021
Apr 20, 2021
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Key Responsibilities

• Trade Structuring - lead the development of detailed trade proposals to implement asset portfolio rebalancing and Strategic Asset Allocation management actions in MA funds in close collaboration with other stakeholders in ALM and portfolio management teams.

• Hedging and ALM - monitor and manage MA portfolio compliance with applicable matching tests. Develop and obtain approval of fund rebalancing proposals or derivative overlays as required to maintain MA portfolio compliance.

• What-if-Modelling/Analysis - perform detailed pro-forma analyses of trade and hedging proposals to assess impact from a variety of metrics and key performance indicators, including: MA tests, risk sensitivities and capital metrics, liquidity requirements, SAA and value creation targets, sustainability and ESG indicators.

• Portfolio Optimisation - actively seek opportunities to optimise MA portfolios and contribute to the structuring of competitive target portfolios for Bulk Annuity Purchase transactions.

• Asset Eligibility Screening - support and guide process to screen assets for eligibility to be included in MA portfolios. Act as subject matter expert on MA eligibility features supporting the sourcing of new assets to be included in MA funds private debt and illiquid assets.

• Manage MA Fund Governance - prepare approval requests for MA trade proposals and present these to senior management and governance committees.

• Trade Instruction/Execution - support the Portfolio Implementation team with the execution and instruction of trades in MA funds, providing inputs for checklists and instruction templates.

• Management Information Reporting - contribute to the production of management information packs and compliance reports with analysis and subject matter expertise.

• Portfolio Analytics - support scenario and sensitivity analyses for MA portfolios with quantitative modelling using a range of in house and third-party analytics tools.

• Model and Tool Development - contribute to the development and testing of models, tools and methodologies used for what-if-analysis and portfolio optimisation working in close collaboration with quants and enterprise architects.

What We're Looking For

We are looking for an Investment Actuary or a Chartered Financial Analyst (CFA) with strong quantitative modelling skills or a candidate with a similar qualification/academic background. The ideal candidate has some experience in investment management for insurance companies, for example having worked in an investment function at an insurance company or having covered the insurance sector at a bank or consulting company.

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