Director, Asset Liability Management

TIAA•Charlotte, NY

21h•Onsite

About The Position

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

Requirements

5+ years of asset-liability management, financial engineering, investment management, actuarial, modeling and/or other quantitative experience
University (Degree) Preferred
5+ years of asset-liability management, financial engineering, investment management, actuarial, modeling and/or other quantitative experience
Outstanding quantitative and technical skills with ability to interpret and draw accurate conclusions from financial, market and economic data
Investment management and liability-driven asset allocation experience
Strong technical and coding skills including Excel, VBA, Python, PowerPoint and artificial intelligence skills
Excellent problem solving and analytical skills, detail-oriented, independent and creative thinking, time management and organizational skills

Nice To Haves

7+ years of asset-liability management, financial engineering, investment management, actuarial, modeling and/or other quantitative experience
Advanced degree in quantitative field
FSA and/or CFA
Annuity or 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

Responsibilities

Utilizes Asset Liability Management (ALM) metrics to analyze and propose strategies (e.g., asset allocation, hedging, product design) for improved asset-liability performance under different regulatory regimes and economic environments.
Devises, tests, and proposes risk mitigation actions that help the enterprise withstand the impact of stresses and presents results and solutions.
Takes ownership of complex quantitative models across diverse asset classes, ensuring accuracy and performance
Builds the processes and tools to recalibrate models on a regular basis.
Designs, develops, tests, implements, refines, and maintains models (e.g., derivatives pricing/valuation) and tools for ALM analytics and reporting.
Validates models and identifies/implements enhancements when performance deviates from expectations.
Leverages AI capabilities and applies programming skills across languages such as Python, MATLAB, VBA, and R to help achieve ALM goals.
Independently performs analysis and calibration to develop/improve liability crediting strategies.
Leads discussions with Model Risk Management, Internal Audit, regulators, and rating agencies, providing clear explanations of model methodologies.
Devises and tests investment allocations and target portfolios for new initiatives and products.
Produces financial analyses and recommendations to senior management for key decision-making.
Mentors other team members, providing technical guidance and industry insight.