Vice President, Insurance Risk Management

The Vice President, Insurance Risk Modelling contributes to the independent Risk function by providing effective oversight of financial, insurance and model Risk Management. This position will work to understand, measure, monitor and report liability risks, develop and maintain liability/hedging models and provide guidance on hedging targets.

Responsibilities:

• Performs financial, model, and Insurance Risk oversight, with potential coverage of the following risks: market, model, product/pricing, policyholder behavior, liquidity.
• Develop and maintain liability models independently and communicate the modelling results and implications for both life and annuity business. 
• Provide timely guidance on the hedging targets by running hedging models and understanding the results 
• Performs validation and control reviews of actuarial/financial models, including assessments of the methodologies and assumptions used within models.
• Provides effective review, challenge, and recommendations for enhancement of the Risk Appetite and Limits structure and calibration of stresses used to assess risk exposure.
• Contributes to and/or leads the design, analysis, and implementation of the Stress and Scenario Testing/Reverse Stress Testing process and provides risk insight from the results.
• Assists in the development and use of quantitative models and analytical tools that enable the Risk function to provide constructive challenge to the current Risk Management, modeling, and pricing practices.
• Develops and maintains effective relationships with other functions (ALM, Treasury, Finance, Actuarial, Audit, Compliance, etc.), to facilitate a holistic view of risk across the Individual Markets organization and to strengthen cross-disciplined Risk Management.
• Contributes to the development of formal Risk Opinions that are provided to the Board and/or Board committees regarding major business decisions.
• Leads people effectively, as needed, by fostering a positive working relationship that brings out the best in others.

Qualifications:

• Bachelor's Degree in a quantitative discipline required.
• Master's Degree in a related field preferred.
• 8+ years in a diversified life and annuity/financial or actuarial consulting firm very strongly preferred.
• Professional designation in financial Risk Management, such as FSA or CFA preferred.
• Strong verbal and written communication skills, especially when articulating technical concepts in a compelling manner to engage both technical and non-technical audiences.
• Ability to independently lead workstreams from concept to implementation.
• Past experiences in using Python or other programming languages are strongly preferred. 
• Demonstrated experience in quantifying and managing the risk embedded in annuity products.
• Demonstrated experience in the design, use, and testing of quantitative financial models; significant experience using MG-ALFA preferred.
• Deep understanding of Risk Management principles, processes, and practices.
• Knowledge of derivative instruments and their use in hedging annuity risk.
• Able to quickly build and maintain effective relationships with stakeholders across business functions and teams.

Applicants must have work authorization that does not now or in the future require sponsorship of a visa for employment authorization in the United States. 

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