Market Risk Actuary
About The Position
The Market Risk Actuary is part of the Market Risk team within MetLife’s Global Risk Management organization. The role manages and advances Replicating Portfolio (RP) and other asset-liability management (ALM) and risk management models used to analyze impacts on GAAP, statutory, and economic views. The RP is a proxy liability model that estimates how economic liabilities change under different market conditions and produces information for ALM and risk management decisions. The actuary works with global ALM departments and BlackRock to ensure RPs are calibrated and performing as expected, completes development of new RPs, and advances the models using AI and machine learning. The role also maintains and enhances other ALM and risk management models using AI and automation, supports strategic market risk initiatives, and contributes to risk governance. It is a hybrid position requiring at least three days per week in the office. The posting identifies Whippany, New Jersey as the location, with Tampa, Florida listed as an alternative posting location.
Requirements
- Bachelor’s degree in mathematics, statistics, actuarial science, finance, or a related quantitative field.
- ASA or FSA actuarial designation.
- Strong modeling and programming skills, including Excel and programming languages such as Python, VBA, R, or C++.
- Deep knowledge of statistics, optimization, valuation, and AI/ML techniques.
- At least 5 years of experience.
- Exceptional analytical, mathematical, and organizational capabilities.
Nice To Haves
- Intermediate understanding of insurance risk management and ALM practices, derivative products, insurance products, and investment assets.
- Educational background or experience in statutory accounting and solvency reporting in any jurisdiction.
- Experience in process automation.
Responsibilities
- Manage the current Replicating Portfolio model quarterly and evaluate its performance.
- Lead the transition of the Replicating Portfolio model to Python and enhance its capabilities using AI/ML techniques.
- Manage and improve ALM and risk management models through automation and advanced analytics.
- Support Market Risk governance activities, including working groups and committee operations.
- Conduct risk analysis and provide insights for strategic business initiatives.
- Work with global ALM departments and BlackRock to help ensure Replicating Portfolios are calibrated and performing as expected.
- Support the AVP & Actuary in the Market Risk team on strategic market risk management initiatives.
Benefits
- Comprehensive health plan, including medical and prescription drug coverage.
- Vision insurance.
- Dental insurance.
- No-cost short- and long-term disability coverage.
- Company-paid life insurance.
- Legal services.
- Retirement pension funded entirely by MetLife.
- 401(k) with employer matching.
- Group discounts on voluntary insurance products, including auto and home, pet, critical illness, hospital indemnity, and accident insurance.
- Employee Assistance Program (EAP) and digital mental health programs.
- Parental leave.
- Paid time off.
- Paid holidays.
- Volunteer time off.
- Tuition assistance.
- Annual short-term incentive compensation may be available, subject to applicable plan terms.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
