Assistant Director, CICB & Institutional Markets ERM

About the role

Corebridge Financial ERM is seeking a highly motivated individual to join the Corebridge Insurance Company of Bermuda (CICB) & Institutional Markets (IM) ERM team, reporting to the CICB/IM CRO. This person will be a key member of the Team and will be responsible for review and challenge of all Financial and Operational risks. The position will interact with multiple other functions including Finance, Pricing, Valuation, Investments, ALM, and Operations as well as other teams within the greater ERM organization. The successful candidate will have the ability to work independently and desire to deliver high quality work.

The key responsibilities of this position include:

• Support the Business CRO to oversee the risk management framework and internal controls of the business.

• Risk oversight of key risks within the business.  Carries out review and challenge of the following areas:

  • Product development and pricing, with focus on product feature design and reasonableness of pricing assumptions and profitability.

  • Underwriting.

  • Investment strategy, asset allocation and management.

  • GAAP and Statutory valuation, with focus on quarterly reserve judgments.

  • ALM and hedging, including changes to ALM modeling and risk profile.

  • Stress testing and scenario analysis.

  • Capital modeling and economic metrics.

  • Outsourcing.

• Carries out deep dive reviews on areas of concern as identified by Corebridge ERM and business management.

• Monitors emerging risks and regulatory developments.

• Review and challenge of strategic transactions.

• Produces quarterly management and Board level risk reports.

• Supports other management and regulatory reporting as necessary, including the CISSA.

• Supports other ERM teams such as Operational Risk, Risk Analytics and Model Validation Group on projects as they relate to the business.

The role will be based in either New Jersey, Bermuda, or Houston.  It will require some travel as the business is supported from teams in Bermuda, New Jersey, Houston and Los Angeles.

What we are looking for

• Bachelor's degree in Finance, Mathematics, Actuarial Science, or related field.

• Fellow of the Society of Actuaries (FSA) or career ASA or similar quantitative background with life/retirement insurance company experience

• 10+ years of experience in Actuarial, Risk, Finance, or related field

• Strong working knowledge of US insurance product features and risks.

• Strong investment product understanding

• Risk management experience preferred

• General competency related to US insurance pricing, valuation (Statutory, GAAP, and Economic), and underwriting.

• Quick learner, with strong analytical skills and attention to detail.

• Well organized with ability to manage concurrent deadlines and multiple priorities.

• Strong team player with demonstrated success working in cross-functional collaborative teams.

• Strong verbal and written communication skills.

Who We Are

Corebridge Financial helps people make some of the most meaningful decisions they’re ever going to make. We help them plan and take action to protect the future they envision, and respond to some of life’s most difficult moments through the solutions and services we provide. We do this through our broad portfolio of life insurance, retirement and institutional products, offered through an extensive, multichannel distribution network. We provide solutions for a brighter future through our client centered service, breadth of product expertise, deep distribution relationships, and outstanding team of hardworking and passionate employees.

What our employees like most about working for Corebridge Financial

• We care about your professional development. Our career progression program will provide you with the opportunity to develop your skills, strengthen your productivity and be eligible to progressively advance to positions with an increased responsibility and increased compensation. 

• Our “Giving Back” policy is at the core of our daily operations and guides our future progress. Don’t believe us?  We put our money where our mouth is! Corebridge Financial, will give you up to 16 hours a year paid time off to volunteer in the community.

• Our people are at the forefront of creating value for customers and stakeholders and therefore we provide a generous