Director, Asset Liability Management

TIAA • Frisco, TX

1d • $173,000 - $272,000 • Onsite

About The Position

The Director, Asset Liability Management applies advanced quantitative, actuarial, financial, and AI expertise to model, measure, and manage the risk and return of the organization’s assets and liabilities on an integrated basis. The role designs, builds, and maintains models, tools, and analytical frameworks to value investments, project asset and liability behavior, and evaluate performance and risk across economic and market environments. It translates these insights into investment, hedging, and product design strategies that optimize financial outcomes and strengthen decision-making for clients and the enterprise.

The Director owns complex quantitative models across diverse asset classes, develops and maintains ALM analytics and reporting tools, and analyzes and proposes strategies under different regulatory regimes and economic conditions. The role also conducts model calibration and validation, tests risk mitigation actions and investment allocations, and communicates model methodologies and financial recommendations to senior stakeholders. It provides technical guidance and industry insight to other team members.

Requirements

• At least 5 years of asset-liability management, financial engineering, investment management, actuarial, modeling, or other quantitative experience.
• Outstanding quantitative and technical skills, including the ability to interpret financial, market, and economic data and draw accurate conclusions.
• Strong problem-solving and analytical skills, attention to detail, independent and creative thinking, time management, and organizational skills.
• Strong technical and coding skills, including Excel, VBA, Python, PowerPoint, and artificial intelligence skills.

Nice To Haves

• At least 7 years of asset-liability management, financial engineering, investment management, actuarial, modeling, or other quantitative experience.
• Advanced degree in a quantitative field.
• Investment management and liability-driven asset allocation experience.
• FSA and/or CFA.
• Annuity, pension, or other insurance product experience.
• Experience with stress testing, economic capital, and asset strategies.
• Experience with capital markets, various asset classes, and economic scenario generation.
• Experience with reinsurance.
• Experience with internal audit and other regulatory reviews.
• Programming experience with MATLAB and R.

Responsibilities

• Use Asset Liability Management (ALM) metrics to analyze and propose strategies, such as asset allocation, hedging, and product design, to improve asset-liability performance across regulatory regimes and economic environments.
• Devise, test, and propose risk mitigation actions to help the enterprise withstand stresses, and present results and solutions.
• Own complex quantitative models across diverse asset classes and ensure their accuracy and performance.
• Build processes and tools to recalibrate models regularly.
• Design, develop, test, implement, refine, and maintain models and tools for ALM analytics and reporting, including derivatives pricing and valuation models.
• Validate models and identify and implement enhancements when performance deviates from expectations.
• Leverage AI capabilities and programming skills to support ALM goals.
• Perform independent analysis and calibration to develop or improve liability crediting strategies.
• Lead discussions with Model Risk Management, Internal Audit, regulators, and rating agencies, clearly explaining model methodologies.
• Devise and test investment allocations and target portfolios for new initiatives and products.
• Produce financial analyses and recommendations for senior management to support key decisions.
• Mentor team members and provide technical guidance and industry insight.

Benefits

• Superior retirement program.
• Competitive health, wellness, and work-life offerings.
• The compensation package may include participation in performance-linked incentive programs, depending on the role.

What This Job Offers

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