Head of Market Risk Management

2 weeks ago


Sydney, Australia AMP Full time

Head of Market Risk Management - Retirement

If you live in Australia or New Zealand, you've likely heard of AMP. But at a time when society is changing, we are too. We're now a nimbler business with new leadership and thinking.

For us, these are exciting times. There's a real potential for big thinkers to help us redefine what financial services could be. And turn our legacy into something even more positive and powerful for the future.

**Help people create their tomorrow, while you create yours**

We help people with their banking, super, retirement and finances. Through upturns, downturns, recessions, and major life transitions. Every day, we help people see and make more of their financial potential, so that they can create their tomorrow. And we've been doing it for over 170 years.

If we do our job well, we genuinely add to the prosperity of our country and its people.

**How you'll make an impact**

The North/MyNorth Guarantees form part of the building block of an integrated retirement solution that is simple for clients and advisers. The Financial Risk Management team is responsible for the analysis, design and implementation of market leading risk management frameworks for retirement products such as the North/MyNorth Guarantees.

The purpose of this role is to lead the Financial Risk Management functions of the Guarantees. The Head of Financial Risk Management is accountable for leading and managing a team of highly specialised professionals in financial risk, pricing, modelling, systems, quantitative analysis and governance. The role is responsible for ongoing adherence to financial risk management strategies relating to the Guarantees.

You'll make an impact by:

- Development, monitoring and executing financial risk management strategies in line with approved frameworks.
- Providing quantitative analysis and commentary for inclusion in management, committee and Board reporting.
- Overseeing financial risk management operations pertaining to hedging, pricing, structuring and monitoring.
- Overseeing the development and maintenance of stochastic models, financial models, IT architecture and systems.
- Ensuring timely and accurate delivery of outputs required for financial, management and capital reporting.
- Develop insights and actions to improve management of risks.
- Producing pricing and risk management recommendations.
- Present insights and trends to Executives and Boards.
- Maintaining hedging P&L within acceptable limits.
- Sustaining a high-quality platform for performance of specialised and critical financial risk management activities.
- Delivery of strategic priorities for the Guarantees through direct leadership, support and proactive contributions.
- Compliance of responsible operations within AMP risk frameworks.
- Continually look for ongoing efficiencies and implement new ways of working that deliver optimum outcomes for both the business and the customer.
- Responsibility for managing and developing a high performing team.

**What you will bring to the team**
- Significant experience in development and implementation of risk management & pricing strategies and frameworks for guaranteed and retirement products.
- Significant experience in managing and leading high performing teams and building capability of individuals at all levels.
- Strong technical ability in the use of Microsoft Excel, Word, PowerPoint and financial modelling platforms.
- Financial tertiary level qualification is required for this role and other applicable post graduate studies (e.g. PhD or CFA charter, Fellowship of the Institute of Actuaries, Masters in Quantitative Finance).

**You'll thrive here if...**

If you can adapt from BAU to the ambiguous with ease, you'll do well here. Change is never easy, so bring your commitment, grit and growth mindset.

Because we run lean, you'll be expected to jump in and deliver across a variety of areas. Meaning, you'll be closer to the action and executive decisions that influence where we go next.

If you're someone that can hold their own, you'll find AMP quite liberating.

**Why we think you'll love working at AMP**

Doing what we've always done is not an option, so your clever ideas will get airtime here. You'll be encouraged to speak up and try new things. If they don't work, we move on - better for it.

We know there's no one way of doing things. So, you won't have to sacrifice who you are or how you work to fit in here. We're inclusive and flexible in many of the ways you'd expect. And in some of the ways you wouldn't. As long as your health and wellbeing come first - at home and at work.

In fact, most of what makes AMP such a welcoming, enjoyable place to work are our people. Wherever you go, you'll find moments to connect, feel valued and do meaningful work.

Whether it's through our first-class leaders who are invested in you and your success. Through year-round opportunities to volunteer, fundraise and give back to the community. Or in the everyday chall


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