Assistant Manager - Treasury Middle Office - Union Assurance Colombo 03

About the job

Union Assurance is a leading corporate and the fastest growing entity in the Life Insurance industry, backed by the strength and stability of John Keells Holdings PLC, one of Sri Lanka's largest conglomerates.

The Job:

The person will be responsible for the independent monitoring, analysis, and reporting of treasury-related risks. This includes market risk, liquidity risk, and counterparty risk, and also ensures compliance with internal policies, regulatory requirements, and supports strategic decision-making by providing insights to the management.

Principal Accountability:

• Monitor the daily cash balances and carry out reconciliation
• Monitor all the investment transactions daily
• Approval of all the investment transactions in the online banking platform within the stipulated cut-off timelines. (First verification)
• Obtaining and valuing collateral information on investments
• Ensure all the investments comply with IRCSL guidelines and internal investment limits
• Ensure all the investment decisions are in line with the investment committee decisions
• Checking of Investment limits and guiding the investment division on the capacity
• Check all transactions for off-market rate and exceptions
• Monitoring all equity transactions daily and highlighting any deviations from investment limits
• Monitoring the credit rating of issuers and instruments
• Pricing and valuation of investment instruments on a daily basis
• Dealing with external fund managers on the trades executed by them
• Uploading of Equity Trades
• Reconciliation of all investment transactions with the third-party confirmations
• Checking of liquidity limits
• Provide oversight and control of the fundamental prudential risk of UAL, counterparty, liquidity, interest rate and other market risks
• Conduct stress testing and scenario analysis
• Independent calculation of Net Asset Valuation of all 3 Unit Linked Products – this is a time-critical process
• Compliance reporting to Investment Committee & Group
• Submission of compliance-related information to Finance for submission of IRCSL returns
• Month-end reconciliation of investment transactions and ensure all the transactions are entered in SAP
• Month-end Posting of investment transactions
• Managing CDS and Public debt (Lanka Secure)
• Dealing with Internal & External Auditors on Investment Compliance

Qualifications and Experience:

• A Bachelor’s degree/MBA from a reputed university specializing in Finance or Accounting
• Full/ Part qualification in a recognized professional institute will be an added advantage
• Minimum 03-04 Years in Senior Executive Level, with 8+ years overall experience
• Strong understanding of market, liquidity, and counterparty risk.
• Proficiency in treasury management systems and risk modeling tools.
• Knowledge of banking regulations and financial markets.
• Sound knowledge of Microsoft Office packages
• Excellent communication, analytical, reporting, and decision-making skills.
• Strong adaptability, work under pressure, and capacity to work in fast-paced environments.
• Ability to work independently and in a team-oriented environment.