Corporate Vice President, Financial Risk Management

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Date: Apr 4, 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 www.NewYorkLife.com.

 

Corporate Vice President (MG3) – Financial Risk Management

Financial Risk Management (FRM), within the Office of Risk Management & Chief Actuary (ORMCA) is responsible for management, monitoring, reporting and oversight of financial risk at New York Life on an enterprise level.

This role supports the Head of Interest Rate Risk to achieve key FRM objectives around scoping and implementing interest rate risk measures, guidelines and limits, and formalizing risk tolerances for interest rate risk that appropriately link to the company’s risk appetite.

 

Specific responsibilities include:

  • Performing risk assessments to analyze current exposures to interest rate risk and identify emerging risks and trends affecting the company
  • Designing and implementing innovative interest rate risk measures and views to drive stakeholder engagement
  • Coordinating with key stakeholders to facilitate and enhance interest rate risk reporting
  • Developing risk tolerances that govern the level of risk the company is willing to take
  • Working collaboratively with key stakeholders to assess impact of and need for mitigation strategies (e.g. hedging)
  • Supporting the Financial Risk Committee and Risk Steering Committee, which includes exposure to Senior Management
  • Leading special projects focusing on strategic risk and product risk
  • Managing and developing 1-2 direct-reports

 

Qualifications

  • Master’s or Bachelor’s degree in related fields (e.g. Finance, Actuarial, Economics, Business, Mathematics) 
  • Experience working in financial risk management and/or asset liability management (ALM)
  • Analytical mind with problem-solving aptitude
  • Team-oriented with a strong sense of ownership and accountability
  • Strong communication and interpersonal skills
  • Ability to “think outside of the box” and come up with innovative solutions

 

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