Head - Investment Back Office
Michael Page Mumbai
About Our Client
Our client is a leading life insurance company headquartered in Mumbai
Job Description
Investment Operations & Control- Oversee end-to-end investment back-office operations including trade processing, settlement, reconciliation, and accounting
- Ensure accurate recording of investments across asset classes such as equity, debt, mutual funds, derivatives, AIFs, and alternate investments
- Manage daily, monthly, and quarterly reconciliations with custodians, banks, and fund accountants
- Monitor and ensure timely settlement of trades and resolution of breaks
- Ensure compliance with IRDAI investment regulations, exposure norms, and internal investment policies
- Coordinate with Compliance, Risk, and Actuarial teams for regulatory reporting and disclosures
- Support statutory, internal, concurrent, and IRDAI audits; address audit observations promptly
- Ensure adherence to governance, SOPs, maker-checker controls, and risk frameworks
- Plan, coordinate, and execute internal and external audits
- Manage Concurrent Audits and Reporting for the same
- Conduct process walkthroughs and control testing
- Ensure compliance with regulatory guidelines (IRDAI, RBI, statutory requirements, and internal policies)
- Oversee preparation of investment MIS, portfolio reports, yield analysis, and regulatory submissions
- Provide accurate and timely data to CIO, senior management, Actuarial, Finance, and Risk teams
- Support valuation, NAV, solvency, and asset-liability management reporting
- Act as the primary point of contact for custodians, brokers, RTAs, fund houses, trustees, and external auditors
- Manage service levels, SLAs, and performance reviews of custodians and vendors
- Drive automation, system enhancements, and digitization of investment operations
- Work closely with IT teams on investment systems, core insurance platforms, and reconciliation tools
- Lead process re-engineering initiatives to improve efficiency, accuracy, and turnaround time
- Lead, mentor, and develop a high-performing investment operations team
- Define roles, KRAs, training plans, and succession planning
- Foster a culture of strong controls, accountability, and continuous improvement
- Strong understanding of life insurance investment operations and regulatory environment
- In-depth knowledge of debt markets, equity markets, fixed income instruments, and alternate investments
- Expertise in IRDAI guidelines, audit processes, and governance standards
- Strong leadership, stakeholder management, and decision-making skills
- High attention to detail with the ability to manage large portfolios
- Strong analytical and problem-solving capabilities
- CA / MBA (Finance) / CFA / ICWA
- Additional certifications in investments or risk management preferred
- 12 years of experience in investment back office / operations, preferably within a Life Insurance Company
- Prior experience managing regulatory audits and IRDAI inspections
- Experience handling large investment portfolios and leading sizable teams
- Opportunity to work with the senior leadership
- Lead operations for a sizeable investment portfolio of a life insurance company
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