Head of Market Risk Management

Who We Are

At Corebridge Financial, we believe action is everything. That’s why every day we partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow.

We align to a set of Values that are the core pillars that define our culture and help bring our brand purpose to life:

• We are stronger as one: We collaborate across the enterprise, scale what works and act   decisively for our customers and partners.
• We deliver on commitments: We are accountable, empower each other and go above and beyond for our stakeholders.
• We learn, improve and innovate: We get better each day by challenging the status quo and equipping ourselves for the future.
• We are inclusive: We embrace different perspectives, enabling our colleagues to make an impact and bring their whole selves to work.

Who You'll Work With - Institutional Markets

Corporations and Financial Institutions need protection options and investment products just like individuals, and Institutional Markets has proved to be a trusted partner. We offer a diverse set of solutions including Pension Risk Transfer, Structured Settlements, Stable Value Wraps, Corporate Markets/High Net Worth and Guaranteed Investment Contracts. These products are distributed through investment banks, specialized marketing organizations, institutional brokers/consulting firms and direct interaction with the clients. The Strategy Group, which includes Reinsurance, Quantitative Strategy, and Corporate Development, is responsible for managing risk across the organization through evaluation, structuring and execution of assumed and ceded reinsurance, as well as mergers and acquisitions.

About The Role

Market Risk Management is a multi-disciplinary financial asset and derivatives team that applies state-of-the-art technology in performing highly dynamic work. Our mandate is to manage one of the most complex derivatives available today: retirement guarantees. In service of that mandate, we manage a $50 billion+ multi-asset hedging portfolio, do research and development of new retirement products, and provide modeling and analytics expertise for the business. We are part of a larger organization but cultivate the entrepreneurial spirit of a small start-up.

Responsibilities

• Lead the daily management of the derivatives book.

• Manage the portfolio and operations of the FIA/RILA/IUL hedging book.

• Aggregate and analyze risk data on both assets and liabilities.

• Ensure accurate and up-to-date risk reporting.

• Perform quantitative analysis on large scale asset and derivative portfolios.

• Advance new hedging strategies.

• Support new product designs.

• Interact/maintain close relationship with banks and investment community to stay abreast of new developments in capital markets space.

• Provide technical expertise to questions from internal and external sources.

• Understand P&L drivers and construct any necessary tools to facilitate risk and P&L analysis.

• Lead the assessment of suitability and performance of pricing and risk models, working with key stakeholders to address material deficiencies.

• Continuously review limit and reporting framework to ensure appropriateness in light of new trades, business strategy, new product risk factors and market conditions.

• Analyze Inforce positions and portfolios with respect to market and credit risk exposures across broad range of products, which may include interest rate, foreign exchange, fixed income, equity, volatility, commodity and their derivatives.

• Liaise with and develop effective & constructive working relationships with a diverse set of stakeholders including Sales and Trading, Finance, Tech, Operations and others.

• Manage a team of 20 employees.

Skills and Qualifications

• At least 10 years of relevant experience in the financial services industry.

• Bachelor’s degree in areas of Economics, Finance, Mathematics, Statistics, Business, or Engineering (or a similar quantitative discipline), with masters preferred.

• Advanced computer skills, including experience programming in SQL, Python or other programming languages.

• Applicant must have advance knowledge of derivatives markets and various pricing methodologies, including trading and market characteristics, pricing, market liquidity and volatility.

• Strong communication, interpersonal and organization skills with an ability to effectively execute tactical plans.

Compensation

<