Corporate Vice President - Structured Finance Credit Risk

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Date: Feb 1, 2023

Location: New York, NY, US

Company: New York Life Insurance Co

Location Designation:  

 

 

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.

 

 

New York Life is seeking a Corporate Vice President with experience in Structured Finance fundamental and quantitative credit risk analytics. This position will play a key role in leading, oversight and supporting our 2nd Line Credit Risk Management team in developing, enhancing, and maintaining NYL’s Structured Finance credit risk analytical framework and infrastructure.  The role will work closely with our 1st Line Credit team members and NYL Investor partners to develop various credit risk metrics, limit framework, early warning indicators, stress testing of the portfolio, climate risk modeling, risk return optimization analysis and generate dashboards/reports that draw valuable insights and continuously monitor and enhance our program to provide a fresh look into our risk exposures and top risks of one or more Structured Finance major asset classes such as RMBS, CMBS, ABS and CLOs. The candidate will lead credit risk identification, quantification and reporting of risk metrics and credit portfolio risk mitigation strategies particularly as it relates to Structured Finance exposures. 

 

Responsibilities: 
•    Enhance and maintain framework for the oversight of fundamental and quantitative credit risk analysis of New York Life General Account Structured Finance portfolio
•    Review and enhance modeling tools and run sensitivity analysis
•    Partner with credit quantitative analytics team and NYL Investor asset sectors as needed for top counterparty analysis, Capital Factors, Credit default, risk return optimization, new transactions and Investment plan analysis
•    Analyze credit quality of collateral pools, review models, performance, macroeconomic and sector factors
•    Conduct stress testing of the structured finance portfolio
•    Design and Build Structured Finance asset classes credit early warning system
•    Monitor ongoing credit risk of the NYL investor General Account portfolio
•    Partner with asset sectors for internal rating review and validation
•    Develop framework for climate risk modeling of structured finance asset classes
•    Support management for the preparation various credit risk dashboard and reporting
•    Assist in the development, Review and recommendation credit risk limits
•    Prepare presentations for Senior Leadership Committees to highlight findings and key issues as they arise

 

Qualifications:

  • Bachelor's degree or higher; degree in Finance, Mathematics, MBA or PHD preferred.
  • 7+ years of experience
  • Risk management experience with specific background in structured finance fundamental credit risk analytics or equivalent investment experience
  • Experience with credit analysis and valuation of structured finance (CMBS, RMBS, ABS etc.), real estate, and corporate securities
  • Proven ability to solve complex risk management problems
  • Experience with rating agencies or similar investment experience preferred
  • Experience with Intex, Aladdin platform, Moodys SAV tools preferred
  • Strong Excel, SQL database and Power Point skills
  • Strong interpersonal, relationship management, communication, writing and organizational skills
  • Ability to think strategically and apply problem solving skills
  • Demonstrated delivery of high quality results within expected timelines
  • Team player who is collaborative but also can lead, drive initiatives and can adapt to changing priorities

 

 

 

Salary range: $145,000-$215,000 

Overtime eligible: Exempt 

Discretionary bonus eligible: Yes 

Sales bonus eligible: No 

 

Click here to learn more about our benefits. Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills required.

 

 

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: 88406

 

 

 


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