Director, Financial and Investment Risk
About The Position
The Director, Financial & Investment Risk is accountable to ensure alignment to the Company’s risk appetite, regulatory requirements, as well as business objectives. As part of the 2 nd Line of Defense this position will work within the broader ERM group to advance the risk management practice through staying informed of industry trends and advance analytics. The position will be This position will interact with stakeholders from many functions, including but not limited to Finance, Investments, Retail/Institutional, Corporate Actuarial, and Audit. The Director, Financial & Investment Risk will report to the VP, Financial & Investment Risk and will establish partnership throughout the organization to provide a risk lens to Finance and Investment initiatives.
Requirements
- Bachelor’s degree in finance, economics, actuarial science, or related field
- Minimum of 8 years of experience with a minimum of 5 years of experience in risk management, actuarial, investments, and/or finance within a life insurance company
- Strong knowledge of investment and financial risk management
- Demonstrated experience in risk modeling, stress testing, and scenario analysis
- Ability to increase model efficiencies through process optimization
- Ability to manage competing priorities
- Ability to influence at all levels across the organization
- Experience implementing/establishing controlled processes
- Proficient knowledge of actuarial modeling software
- Proficient knowledge of software used for investment and financial analysis such as Bloomberg, Aladdin, FactSet, and Capital IQ
- Proven ability to quickly learn and take ownership of internal processes
- Excellent interpersonal, written, and oral communication skills
- Pragmatic and able to pivot as needed, team player who is comfortable working in a dynamic and fast paced entrepreneurial environment
Nice To Haves
- CFA, FRM, and/or actuarial designation preferred
- Experience with life/annuity liabilities
- Experience with complex investment portfolios
- Understanding of STAT and GAAP accounting and reserving
- Understanding of life insurance regulatory requirements (NAIC, BMA, CIMA)
- Experience in model risk management a plus
Responsibilities
- Manage, assess, mitigate and monitor Financial & Investment risk across the Company in collaboration with Finance and Investments team
- Support the decision making process for product rate actions and product development to ensure risks are identified and considered
- Consult and collaborate with risk owners to reaffirm/identify/assess/monitor Key Risk Indicators
- Enhance stress testing and economic capital framework through collaboration with actuarial ALM team
- Support M&A and reinsurance efforts through scenario analysis and thought leadership
- Enhance and reduce risk on the multi-year planning process through stress testing, gap analysis, and controls through partnership with FP&A
- Partner with Investments on asset portfolio optimization and hedging needs to ensure compliance with investment guidelines/limits and risk tolerances
- Unlock the value of big data (i.e. Bloomberg, Aladdin, and CapIQ) and provide additional insights to the Company to support risk aware decision making
- Work closely with Investment Portfolio Analytics and external asset managers to report on portfolio metrics, provide analytical insights, and identify emerging risks
- Support the creation of presentation materials for internal committees
- Evaluate best practice risk modeling, credit modeling, and stress testing frameworks
- Produce ad-hoc analytics as requested
- Perform other functions, duties and projects as assigned
- Regular and punctual attendance
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What This Job Offers
Job Type
Full-time
Career Level
Director
Number of Employees
1,001-5,000 employees
