Corporate Vice President - Financial Risk Management

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Date: Mar 25, 2021

Location: New York, NY, US

Company: New York Life Insurance Co

 

When you join New York Life, you’re joining a company that values development, career growth, collaboration, innovation, and diversity & inclusion. We want employees to feel proud about being part of a company that is committed to doing the right thing. Through various resources and programs, you can grow your career while developing personally and professionally.

 

 

 

Corporate Vice President – Financial Risk Management

Financial Risk Management (FRM) is responsible for oversight and reporting of financial risk at New York Life on an enterprise level. The Financial Risk & Analytics team within FRM performs extensive enterprise level risk modeling, analyses, and reporting across interest rate, equity, credit and insurance risks. This role will require technical expertise around assets, liabilities and dynamic asset-liability management, providing an opportunity to engage in enhancements to our statutory and economic risk capital frameworks.  Financial Risk Management employs leading-edge solutions including the QRM Analytical Framework, Moody’s Analytics Risk Frontier, and FIS Prophet in addition to custom quantitative models.

 

Key Responsibilities:

  • Enhance calibration, testing, and production of real world and market consistent  scenarios for different purposes like Internal Capital, Economic Surplus, New Business Value, New Business Pricing, and regulatory uses
  • Drive ongoing enhancements of scenario generation by developing greater understanding of the underlying uses and achieve higher levels of efficiency and control
  • Develop, implement and utilize quantitative risk methods and models for interest, equity and credit
  • Conduct research on assumptions relevant to the Economic Risk Calibration and Scenario Generation and engage with the Financial Risk Committee and Investment Assumptions Committee to provide recommendations and expertise
  • Compile sensitivities for dedicated business review and financial risk dashboards
  • Support/develop submissions for internal and external stakeholders, including rating agencies, risk committees, and the Board
  • Assist in strategic risk assessments and analysis for senior management to support enterprise level decision making
  • Work collaboratively with Business Unit Financial Planning & Analysis, Product Development, Pricing and Investment Teams

 

Qualifications

  • MS or undergraduate degree in a quantitative discipline such as math, econometrics, statistics etc.
  • 7+ years of financial risk management experience with specific background in interest, equity or credit risk analytics or equivalent investment asset experience
  • Experience working with and calibration of economic scenario modeling systems such as Moody’s Analytics Real World and Market Consistent Economic Scenario Generator or equivalent
  • Experience with SQL Database programming and design
  • Exposure to QRM Analytical Framework and/or Moody’s Analytics RiskFrontier
  • Working and programming knowledge of software such as MatLab, Python or R
  • Operational knowledge of quantitative methods including Credit Modeling, Economic Scenario Generation, Least Square Monte Carlo Simulation, Clustering and other techniques
  • Team-oriented with a strong sense of ownership and accountability
  • Strong communication, partnering skills, interpersonal and relationship management skills
  • Ability to “think outside of the box”, organize complex processes, handle multiple tasks, and deal with shifting priorities, all within demanding time schedules
  • Prior experience with risk-anchored modeling solutions is a strong plus

 

 

 

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 our Foundation. 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: 83383

 

 

 


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