Credit Rating Provider Process Manager

National Association of Insurance Commissioners (NAIC) • New York, NY

20d • $199,689 - $250,000 • Hybrid

About The Position

The Securities Valuation Office (SVO) of the National Association of Insurance Commissioners (NAIC) has an exciting opportunity for a Credit Rating Provider Process Manager. The CRP Process Manager will advise and support the Credit Rating Providers' (E) Working Group on the implementation and maintenance of the Credit Rating Providers' Due Diligence Framework and related policies (Discretion Policy). Through these policies and procedures this team member will seek to improve the knowledge of each of the credit ratings for various types of rated investments and how they correspond to the loss experience and investment risk expected of state regulators with a goal of making sure state regulators can have informed reliance on ratings that meet their expectations. This is a full-time hybrid position, in a positive and flexible environment. Residency within 100 miles of the New York City office is required.

Requirements

• Master's degree in Finance or equivalent with 15+ years of position related professional, individual contributor experience, or equivalent combination of education and experience.
• Must have at least 7+ years of formal fixed income credit analysis and experience performing credit analysis at a National Recognized Statistical Rating Organization.
• Microsoft Office Suite, Bloomberg
• Applicants must be authorized to work for any employer in the U.S.
• This position requires regular, out-of-state, overnight travel in support of member meetings and events throughout the year.
• An ideal candidate must be able and willing to travel to locations throughout the United States and with such frequency as necessary to meet the needs of this position and the Association.

Nice To Haves

• Chartered Financial Analyst Charter holder (CFA), Financial Risk Modeler (FRM) or equivalent analytical certifications.

Responsibilities

• Identify potential improvements to the credit filing process, including formats and electronic system enhancement.
• Identify potential improvements to the filing exempt process (the use of credit rating provider ratings to determine an NAIC designation) to ensure greater consistency, uniformity, and appropriateness to achieve the NAIC’s financial solvency objectives.
• Implement policies to oversee the NAIC’s staff administration of rating agency ratings used in NAIC processes, including the administration of the procedures related to Filing Exemption .
• Initiate and follow through on all communications necessary with the credit rating providers necessary to obtain data and information necessary to analyze and implement and maintain the Credit Rating Due Diligence Framework.
• Communicate the results of applying the Credit Rating Providers Due Diligence Framework to the Credit Rating Providers' (E) Working Group for decision making.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level