Corporate Vice President, Credit Risk Quantitative Lead


Date: May 7, 2019

Location: New York, NY, US

Company: New York Life Insurance Co


A career at New York Life offers many opportunities. To be part of a growing and successful business. To reach your full potential, whatever your specialty. Above all, to make a difference in the world by helping people achieve financial security. It’s a career journey you can be proud of, and you’ll find plenty of support along the way. Our development programs range from skill-building to management training, and we value our diverse and inclusive workplace where all voices can be heard. 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 service, supported by our Foundation. It all adds up to a rewarding career at a company where doing right by our customers is part of who we are, as a mutual company without outside shareholders. 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


New York Life is seeking a Corporate Vice President, Credit Risk. This position will maintain the global quantitative credit risk framework (enterprise policy and credit risk appetite) and will provide the Office of Risk Management perspective within Asset Sector working groups. 

The candidate will be involved with risk identification and quantification and with the development, review and maintenance of limits and guidelines, and reporting of risk metrics and credit portfolio strategies.  The candidate will also be responsible for providing credit risk input/assumption.  and will assist the Head of Credit Risk in reporting on enterprise-wide credit risk analytics.


 Key Responsibilities:

  • Develop and Implement credit risk quantitative models
  • Develop/recommend/portfolio strategies, guidelines, risk metrics, and compliance
  • Compile credit risk sensitivities for the dedicated business review and credit risk dashboard
  • Support quantitative credit risk requirements for various submissions (rating agency, Board reports, etc.)
  • Support/analyze/propose credit risk reduction strategies
  • Calculate impact to economic metrics and guidelines of credit risk strategies
  • Develop and recommend credit risk best practice
  • Develop Credit Risk Appetite Statement
  • Maintain and develop assumptions of the credit risk portion of the capital framework
  • Maintain and develop reporting of enterprise credit risk analytics, attribution analysis and monitoring
  • Develop, Review and recommend credit risk limits


Essential Business Experience and Technical Skills:

  • 7+ years of risk management experience with specific background in credit risk analytics or equivalent investment experience
  • Experience with implementation of credit risk models such as Moodys Risk Frontier, Credit Manager, Kamakura portfolio credit model etc.
  • Relationship management expertise
  • Strong communication and partnering skills
  • Ability to develop talent, empower individuals and manage diverse teams to drive engagement and performance
  • Demonstrated ability to influence policy and strategy through effective collaboration
  • Undergraduate degree required; advanced degree preferred
  • Proven ability to solve complex risk management problems
  • Database, programming experience


Leadership Competencies:

  • Thinks Strategically
  • Motivates People
  • Creates Partnerships
  • Models our values
  • Focuses on Customers
  • Drives Results




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