Research On The Risk Management Of G Bank Annuity Entrusted Investment Business

The problem of population aging has gradually become the basic national condition of our country.To achieve a sense of security for the elderly,China has established a"three-pillar" pension security system,and annuity is an important component of the second pillar.As the "pension money" of employees,annuity assets have the characteristics of long-term,safety and stability,and have higher requirements in risk management.In order to improve the efficiency of capital utilization and share the achievements of national economic development,the enterprise annuity and occupational pension funds in China are subject to market-oriented management and operation.The annuity assets are invested and operated by professional management institutions.The trustee is in the core position,responsible for the formulation of investment policies and the selection of other managers,which directly determines the investment results to a certain extent.G Bankis one of the largest commercial banks with the largest assets in China,and is a typical representative of the bank’s trustee.With the continuous increase in the size of the entrusted annuity,the existing risk management system can no longer cope with the complex and volatile investment market.There are risks that cannot be identified in time to adapt to the dynamic changes of the market,and the risk identification ability of business personnel is different;The risk assessment indicators are selected to focus on micro and macro,quantitative and qualitative,and the assessment method is lack of systematicness;Problems to be strengthened in risk response measures.For this reason,this paper comprehensively combs the risks faced by G Bank’s annuity entrusted investment business,and summarizes them into four risk types and 15 risk factors.Combined with the relevant theories and methods of risk management and based on the existing research,this paper constructs the evaluation index structure model of G Bank annuity entrusted investment,and applies the fuzzy analytic hierarchy process and triangular fuzzy number comprehensive evaluation method to obtain the highest risk weight of market risk,followed by credit risk,liquidity risk,and operational risk.This paper combines the PC second-order matrix and risk response model,matches the risk response portfolio one by one from the four risk response modes of risk avoidance,reduction,transfer and acceptance,summarizes the response strategies,and strengthens the trustee’s position strengthens the transmission of the client’s risk preference,strengthens the trustee’s investment supervision and performance,and refines the business operation management,Strengthen the construction of the risk management information system of the entrusted business and establish the risk management talent team to put forward relevant safeguard measures,and provide reference for the risk management of the annuity investment of other entrusted institutions.