Director, Liquidity Risk

Job Title

AVP, Liquidity Risk

London, UK

Full time

The AVP, Liquidity Risk will play a key part in Pacific Life’s growth and long‑term success by supporting the development of the enterprise liquidity risk management capabilities. We’re seeking a talented AVP, Liquidity Risk to join our Enterprise Risk team to evolve and enhance our liquidity risk management. The role is varied and dynamic, contributing to key strategic and operational initiatives.

The role focuses on:

• Development of the liquidity risk framework including embedding Bermuda entities and refinement of scenarios;
• Design and implementation of risk appetites for liquidity levers;
• Input into the annual Commercial Insurer’s Solvency Self‑Assessment ("CISSA") process incorporating analysis of liquidity stress testing;
• Support the production of certain liquidity stress tests and regular monitoring against limits.

• Develop our liquidity risk framework including embedding Bermuda entities and assessment of refinement opportunities;
• Design and implement risk appetites for liquidity levers;
• Support liquidity assessments of investing in private / less liquid assets.
• Investigate liquidity costings in new business pricing to propose appropriate allowances.
• Develop appropriate liquidity stress and scenario analysis to derive meaningful insights on internal liquidity needs.
• Review and challenge liquidity stress testing results at both Division and aggregate legal entity levels.
• Lead the development of the Bermuda Contingent Liquidity Plan.
• Design and run tabletop exercises to test the Bermuda Contingent Liquidity Plan.
• Support the production of certain liquidity stress tests and regular monitoring against limits.
• Develop Bermuda Risk MI to recommend and refine liquidity metrics.

• Essential: A relevant professional qualification with at least 10 years’ business experience; life insurance or reinsurance industry experience; ability and confidence to provide robust challenge to colleagues, including senior management, and a willingness to challenge the status quo; ability to communicate complex concepts and information to a variety of stakeholders (management, regulators, board, staff) both orally and in writing.
• Desirable:
  Familiarity with capital bases and financial reporting standards; understanding of risk management frameworks; knowledge and awareness of global reinsurance regulations.

• Stakeholder Pension Scheme
• Life Assurance
• Subsidised Gym Membership
• Private Medical Insurance
• Season Ticket Loan
लेल्या
• Eye Care
• Employee Assistance Programme
• Group Income Protection
• Wellness Benefits

Every bị in our global team is valued for the unique qualities they bring. We provide opportunities for growth, encourage work‑life balance, and support community involvement through fundraising and volunteering.

Our vision is to bring an innovative and dynamic approach to the marketplace. Our global team is not afraid to disrupt and challenge industry thinking to provide the best life and health reinsurance services possible.