Corporate Vice President: ALM Quantitative Analyst

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Date: Jun 5, 2022

Location: New York, NY, US

Company: New York Life Insurance Co

 

 

When you join New York Life, you’re joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You’ll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.

 

 

The ALM & Investment Strategy Team’s mission at New York Life is to effectively partner with the business, finance, and asset management teams to research, develop, and implement Investment strategies that help meet business and financial objectives. These goals heavily depend on robust models and data.

 

This role will have broad responsibilities over the company’s quantitative modeling and projection capabilities. Responsibilities will include modeling of traditional and exotic fixed income and equity assets, modeling of insurance liabilities with embedded options, proxy modeling and optimization techniques, designing and implementing both model and platform improvements, and ongoing production responsibilities. The role requires strong financial engineering and statistic, as well as coding skills. Also important is effective communication and close coordination with other members within the Asset Liability Management team, Enterprise Technology, and business stakeholders.  

 

This person will interact closely with other areas such as Finance, Actuarial, Risk management and Investments, as well as the Business Unit areas regarding quantitative modeling efforts.

This role offers interested candidates the opportunity to learn both traditional and innovative methods for ALM & investment strategy development and to work on challenges and solutions that dominate leading-edge ALM discussion today.

 

KEY DUTIES & RESPONSIBILITIES:

 

  • Serve as the quantitative developer to build new capabilities and maintain existing code infrastructure of our Asset Liability Modeling platform
  • Partner with sector specialists, investment accounting, asset data & research teams to expand the company’s modeling capabilities, that includes a broad spectrum of the investment universe ranging from corporate bonds and structured products to alternative investment and derivatives.
  • Research of new quantitative modeling methods for stochastic modeling of assets and liabilities with embedded optionality
  • Calibration and valuation of Stochastic at Risk measures related to Surplus and Free Surplus
  • Maintenance and enhanced automation of production processes, including generation of economic scenarios

 

QUALIFICATIONS:

 

  • Excellent programming skills in objected oriented and procedural languages such as Python / MATLAB / R / C++ / VB.Net / C#. Familiarity with both relational and object databases
  • Strong quantitative skills, with a degree in a technical field like Mathematics, Computer Science, or Financial Engineering. Advanced degree is a strong plus.
  • 5+ years of experience building models, preferably targeted at financial instruments, insurance products or capital markets.
  • Excellent communication and technical writing skills.
  • Effective time management and project coordination skills to handle multiple projects.
  • Ability to think outside the box
  • Ability to work independently as well as be a thought leader for others
  • Ability to work with tight deadlines and changing priorities and requirements
  • Ability to create effective partnerships with diverse roles and positions throughout the organization.

 

 

Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.

Job Requisition ID: 86250

 

 

 


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