Financial Risk Analytics, Corporate Vice President & Actuary

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Date: May 16, 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 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.

 

 

The ALM and Investment Strategy team is currently look for a Financial Risk Analytics, Corporate Vice President and Actuary, role to join the Risk Analytic team. This team is repsonsible for performing enterprise level investment risk budget modeling, analyses and reporting.  In addition to performing strategic risk assessments and analysis for senior management to aid in decision support, the team engages heavily in R&D to provide accurate, timely and meaningful measurements for the portfolio and business performance based on our ALM & Investment philosophy.

 

This role offers interested candidates the opportunity to learn both traditional and innovative methods for ALM & investment strategy development. If you want to work on challenges and solutions that dominate leading-edge ALM discussion today, and develop skills that will be invaluable tomorrow, this may be the role for you.

 

Responsibilities

  • Coverage of the dynamic modeling of both assets and liabilites
  • Investment Risk Budget (IRB) – Enterprise Level, Line of Business and Pension Plan
  • Conduct Investment Risk Budget - Enterprise Level, Line of Business, and Pension Plan
  • Proxy modeling, Replicating Portfolios, Least Square Monte Carlo, Clustering Modeling and other efficiency optimization techniques
  • Review impacts of ALM on Stress Testing performance.
  • Analyze enterprise level market risk exposure
  • Provide up to date metrics on how the ALM and Investments are performing with respect to Objectives and Constraints

  • Support product development to make sure that businesses have the right ALM tools to price products

  • Understand libaility and cash flow risk profile and baance sheet metrics that drive performance

  • Define clear set of methodologies and processes to meausre liability ALM risk

  • Measure balance sheet sensitivities to key economic risks that are managemeable through ALM

 

Qualifications

•             FSA, MAAA, Undergraduate (or higher) degree in a quantitative discipline, such as, finance engineering, computer science, or math.

•             Experience working in ALM areas, such as, CFT and/or ALM modeling is a strong plus

•             Working knowledge of Prophet, MATLAB, Python, C++, or other programming languages are highly recommended

•             An energetic team player with a strong sense of ownership and accountability

•             Strong interpersonal skills and ability to work in a highly collaborative and interdisciplinary environment

•             Ability to organize complex processes, handle multiple tasks, and deal with shifting priorities, all within demanding time schedules.

•             Ability to “think outside of the box” 

 

Please note: This role requires FINRA licensed and/or FINRA Associated Person pre-hire fingerprinting.

 

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.J

Job Requisition ID: 85501

 

 


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