Director, Insurance Advisory

BlackRock • London, CA

6d • Hybrid

About The Position

About this role Team Overview The Insurance Advisory & Investment Solutions (“IA&IS”) team is a group of insurance specialists with diverse backgrounds from asset management, investment banking, insurance, and consultancy. A key focus of the team is engaging with insurance clients to help solve their most complex asset allocation, portfolio construction, risk, and capital management challenges. This work also requires the team to develop bespoke modelling and analytical capabilities, both independently and leveraging the broader BlackRock analytical platform. We use our collective insurance, analytics, and investment expertise and experience to deliver effective investment propositions that address the needs of our insurance clients.

Requirements

• 10+ years of experience gained within an insurance company, asset manager, investment bank, consultancy or similar institution
• Comprehensive understanding of insurers’ Asset Liability Management, Strategic Asset Allocation and portfolio construction frameworks, including their interaction with the regulatory, accounting and risk management constraints under which insurers operate, is essential
• Deep knowledge of the quantitative techniques underpinning asset allocation and portfolio optimization, such as linear and non-linear programming, including the ability to formulate quantitative approaches to a wide range of investment problems
• Proven ability to lead technically complex projects under tight timescales, including the ability to tailor project deliverables to commercial, business and technical considerations
• Experience of stochastic modelling, including familiarity with the Moody’s Economic Scenario Generator or other market-leading Economic Scenario Generator software, is desirable
• Excellent problem-solving abilities, intellectual curiosity, and experience understanding and solving complex issues
• Strong interpersonal and communication skills, including the ability to distil complex topics into oral and written deliverables appropriate for a diverse range of stakeholders
• High level of integrity and a focus on delivering work to a high standard, enabling the candidate to become a trusted partner to clients and peers
• Undergraduate and / or advanced degrees in mathematics, engineering, computer science, and / or actuarial science would be preferred

Nice To Haves

• Professional designations such as CFA, FRM, FIA, FSA etc. would be viewed favorably, but are not essential

Responsibilities

• Lead complex advisory engagements across BlackRock’s global insurance client base, to help drive commercial outcomes for BlackRock by deepening relationships with clients, help position BlackRock’s existing capabilities and identify areas for new capability development
• Partner with colleagues to drive the ongoing development of the team’s portfolio construction and asset allocation IP, to facilitate the deployment of all asset allocation frameworks to deliver high-quality work at scale for the broadest possible range of client engagements
• Champion the team’s insurance advisory frameworks, driving their adoption and commercial impact globally
• Act as a subject matter expert on insurance asset allocation, portfolio construction, asset-liability management and broader insurance balance sheet topics
• Maintain strong relationships with internal partners in the Financial & Strategic Investors Group, BlackRock Investment Institute, Aladdin Financial Engineering and relevant investment teams to drive enhancements in analytical capabilities of relevance to insurers

Benefits

• To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees