AVP Risk Strategist

Venerable•West Chester, PA

1d•Hybrid

About The Position

This new Risk Strategist role will be regarded as subject matter expert with respect to capital markets activities that include equities, fixed income, and derivatives. In addition to providing leadership and strategic input into Venerable’s hedging and investing activities, the incumbent will lead projects that contribute to the company’s strategic growth initiatives. You will also provide creative vision and drive innovation and act as strategic advisor to senior management on capital markets-related challenges. Primary responsibilities will be as follows: Partner with teams across the organization to understand, implement, monitor and explain complex hedging and investing strategies designed to mitigate market risks deriving primarily from insurance liabilities. Drive strategic projects and key participant in growth initiatives, including reinsurance deals and other business acquisitions. Exhibit thought leadership, influence and consensus building by effectively communicating to Senior management and/or investors and managing the expectations and priorities of multiple stakeholders. Act as a strong advocate to adopt best practices in terms of quantitative analytics needed within the team and across other teams. Contribute to infrastructure development of quantitative tools to conduct research and support hedging and investing activities across the organization. Serve as an innovator on theoretical valuation methodologies and models for various financial instruments. Create frameworks to help teams make sound decisions under pressure in a dynamic fast paced environment. Manage relationships with banks and/or vendors and maintain continuous dialogue to proactively identify areas of support and partnership. Attract, develop, and retain quantitative and/or actuarial talent with a vision to meet current and future needs of the company.

Requirements

Bachelor’s degree in a Quantitative field, preference towards advanced degrees (Master's or PhD in a Quantitative field)
7+ years of progressive experience in the financial services industry with exposure to capital markets
Expert level knowledge in a wide array of capabilities like derivatives trading, investment portfolios, risk management, derivatives modeling, strategy development & execution, technology, etc.
Entrepreneurial spirit with the ability to seek out change, push forward abstract ideas, change focus quickly, balance multiple priorities, and see projects through to the end.
Strong quantitative/analytic reasoning and problem-solving abilities.
Understanding of how to apply numerical methods to business problems. Curve-fitting, Optimization, Root-Finding Algorithms, Interpolation, Statistics, etc.
Ownership mindset with the ability to influence and drive change by building consensus among senior leadership for strategic decisions.
Strong communication skills (verbal and writing) to convey complex ideas in a simple manner
Ability to focus on "big picture" view while diving into details
Strong computer programming experience in C#, C++, Python, Java, etc

Nice To Haves

Understanding of insurance products and capital market liabilities embedded therein (particularly VA) would be beneficial

Responsibilities

Partner with teams across the organization to understand, implement, monitor and explain complex hedging and investing strategies designed to mitigate market risks deriving primarily from insurance liabilities.
Drive strategic projects and key participant in growth initiatives, including reinsurance deals and other business acquisitions.
Exhibit thought leadership, influence and consensus building by effectively communicating to Senior management and/or investors and managing the expectations and priorities of multiple stakeholders.
Act as a strong advocate to adopt best practices in terms of quantitative analytics needed within the team and across other teams.
Contribute to infrastructure development of quantitative tools to conduct research and support hedging and investing activities across the organization.
Serve as an innovator on theoretical valuation methodologies and models for various financial instruments.
Create frameworks to help teams make sound decisions under pressure in a dynamic fast paced environment.
Manage relationships with banks and/or vendors and maintain continuous dialogue to proactively identify areas of support and partnership.
Attract, develop, and retain quantitative and/or actuarial talent with a vision to meet current and future needs of the company.