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Job Category: Others

Job Source: NRBjobs.com

Job Summary

12
  • No. of Vacancy: N/A
  • Job Location: Bellville
  • Employment Type: Full Time
  • Salary: N/A
  • Gender: Any
  • Age Limit: N/A
  • Experience: N/A
  • Career level: Mid-Senior level
  • Posted On: Jun 10, 2019
  • Application Deadline: Jul 10, 2019

Job Description/Responsibility

  • Introduction
  • MMI Holdings Limited (MMI) is a South African based financial services group listed on the South African stock exchange, the JSE. The group operates in the market through multiple client-facing brands including insurance and investment brands Metropolitan and Momentum, South Africa’s number one cell captive insurer Guardrisk and wellness and rewards programme Multiply. MMI operates in 17 countries across the globe: 13 in the African continent, Hong Kong, Indonesia, United Kingdom, and India through a direct presence, strategic partnerships and joint ventures.
  • ROLE PURPOSE

    This position reports to the Head: ALM function within Balance Sheet Management. This role forms part of a team of experienced ALM practitioners, dynamic hedging specialists and actuaries in a fast-paced, innovation and delivery-orientated function. The position will be responsible for the technical implementation of systems, tools, processes and methodologies that are needed for MMI’s ALM and dynamic hedging platforms both in respect of the management of existing exposures as well as the design and launch of new product features.

  • RESPONSIBILITIES AND WORK OUTPUTS

    • The primary focus of the role will be on the development of technical modelling solutions within Python, SQL, and/or other modelling solutions and web-based platforms, in support of extending and enhancing the dynamic hedging capability deployed across MMI’s shareholder risk appetite and policyholder product needs. This includes also the development of the MMI Internal Model Office used for integrated balance sheet wide market risk management and risk appetite purposes;
    • As a secondary focus, expected to increase over time, contribute towards a range of functional deliverables of the ALM function, such as the daily Dynamic Hedging process, integrated Risk Appetite modelling, Liability Driven Investment mandate optimisation, ALM risk adjusted performance monitoring, real world and risk neutral ESG calibrations, non-hedgeable risk pricing, market risk transfer processes, product design support to centres of excellence, and executive stakeholder reporting;
    • Act as strategic business partner to internal and external stakeholders, including LDI portfolio management, corporate actuarial and enterprise risk functions; building sound relationships and pro-actively seeking ways to add value;
    • Drive and support effective teamwork within the department;
    • Engage in appropriate training interventions to promote own professional development;
    • Ensure to demonstrate the company's values on a daily basis.
  • KEY OUTPUTS OF THE ROLE:

    • The primary focus of the role will be on the development of technical modelling solutions within Python, SQL, and/or other modelling solutions and web-based platforms, in support of extending and enhancing the dynamic hedging capability deployed across MMI’s shareholder risk appetite and policyholder product needs. This includes also the development of the MMI Internal Model Office used for integrated balance sheet wide market risk management and risk appetite purposes;
    • As a secondary focus, expected to increase over time, contribute towards a range of functional deliverables of the ALM function, such as the daily Dynamic Hedging process, integrated Risk Appetite modelling, Liability Driven Investment mandate optimisation, ALM risk adjusted performance monitoring, real world and risk neutral ESG calibrations, non-hedgeable risk pricing, market risk transfer processes, product design support to centres of excellence, and executive stakeholder reporting;
    • Act as strategic business partner to internal and external stakeholders, including LDI portfolio management, corporate actuarial and enterprise risk functions; building sound relationships and pro-actively seeking ways to add value;
    • Drive and support effective teamwork within the department;
    • Engage in appropriate training interventions to promote own professional development;
    • Ensure to demonstrate the company's values on a daily basis.

    CRITICAL ATTRIBUTES:

    • An attention to detail and a dedication to technical excellence
    • Drive for results
    • Able to manage stress, pressure and competing demands
    • Strong desire to add value and make a difference
    • Self-starter - can run independently with complex projects

Experience Requirements

Education Requirements

  • N/A

Skills Requirements

  • An attention to detail and a dedication to technical excellence
  • Drive for results
  • Able to manage stress, pressure and competing demands
  • Strong desire to add value and make a difference
  • Self-starter - can run independently with complex projects

Compensation/Benefits

  • N/A

Apply Instruction

About the Company

Company Name: MMI Holdings
Address: 268 West Avenue, Centurion, Gauteng, 0157, , SOUTH AFRICA

Company Profile: MMI was formed from the merger of Metropolitan and Momentum, sizable insurance-based financial services players in South Africa. With market capitalisation of R26.7bn and an embedded value of some R31.1bn, MMI was already the third largest life insurer in South Africa when it listed on the JSE Stock Exchange on 1 December 2010. The core businesses of MMI are long and short-term insurance, asset management, savings, investment, healthcare administration, health risk management, employee benefits, and rewards programmes. MMI conducts its business through operating brands Metropolitan, Momentum, Guardrisk, and Eris Properties.

Company Website: http://www.mmiholdings.co.za/en/contact

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