Associate Risk Analyst, Economic Capital

The Hartford•Hartford, CT

About The Position

This is a position on the Economic Capital team within Enterprise Risk Management (ERM). The Hartford utilizes an Economic Capital framework to assess the capital adequacy and risk profile of the Company. The Economic Capital model is used by our team to provide a market consistent perspective of capital adequacy which supplements Statutory and GAAP accounting-based capital assessments. The Associate Risk Analyst will focus on modeling and analysis of Required Economic Capital and Available Economic Capital, with a focus on modeling market risks associated with our investment portfolio. Other focus areas of the role include: Produce, maintain, and enhance the Economic Capital (EC) model Analyze and assess available capital for the Economic Balance Sheet (EBS) Evaluate EC and EBS results and share with senior management Assist in production of Economic Scenario Generator (ESG) simulations Streamline and automate data prepping, modeling, and reporting processes Collaboration with several input providers across the company Utilize the EC model on an ad hoc basis for strategic business initiatives Perform industry research, peer benchmarking, and compare to other capital models

Requirements

Degree in quantitative discipline such as Risk Management, Finance, Actuarial, or related field
Technical aptitude to enhance and use sophisticated financial models
Desire to learn about investments and their associated risks
Strong interpersonal skills to build and maintain strong relationships with key business partners
Strong oral and written communication skills to articulate concepts to peers and management
Ability to distill model results into actionable business recommendations and solutions
Self-motivated with drive and ability to take ownership
Ability to adjust to multiple projects and shifting priorities
Ability to work both independently and in team settings
Strong Microsoft Excel skills required

Nice To Haves

experience with coding languages is a plus

Responsibilities

Supporting ERM’s Economic Capital initiatives, including both scheduled production, and ad hoc use-cases of Economic Capital.
EC production cycles, including analysis and sharing of results with senior management.
Analysis and enhancement of the modeling of investment related risks and oversight of ESG.
Responding to business requests, supporting ERM’s risk appetite framework, EC and EBS model sensitivity analyses, industry research, industry benchmarking, comparison between EC and other capital models, and analysis related to due diligence on Mergers and Acquisitions or other strategic business initiatives.
Work closely with key model input providers across the company, throughout the year.