Market Risk Sr. Associate

 

Location Designation: Hybrid - 3 days per week 

Our New York Life culture has laid the foundation for over 180 years of commitment to our employees, agents, policy owners, and the communities where we live and work. Here you become a valued part of a welcoming, inclusive, and caring organization with a long-standing legacy in stability and growth. The strength revolves around our diversified, multi-dimensional business portfolio that goes beyond life insurance.

 

As a Fortune 100 company and industry leader, we provide an environment where you can explore your career ambitions, offering opportunities to tackle meaningful challenges and stretch your skills while balancing work and life priorities.  You will be part of an inclusive team guided by our belief to always be there for each other–providing the support and flexibility to grow and reach new heights while making an impact in the lives of others.

 

You are our future, and we commit to investing in you accordingly. 

 

Our New York Life culture has laid the foundation for over 180 years of commitment to our employees, agents, policy owners, and the communities where we live and work. Here you become a valued part of a welcoming, inclusive, and caring organization with a long-standing legacy in stability and growth. The strength revolves around our diversified, multi-dimensional business portfolio that goes beyond life insurance.

 

As a Fortune 100 company and industry leader, we provide an environment where you can explore your career ambitions, offering opportunities to tackle meaningful challenges and stretch your skills while balancing work and life priorities.  You will be part of an inclusive team guided by our belief to always be there for each other–providing the support and flexibility to grow and reach new heights while making an impact in the lives of others.

 

You are our future, and we commit to investing in you accordingly. 

 

Job Description:

We are seeking a highly skilled and motivated Senior Associate to join our Market Risk Management team. The ideal candidate will have a strong quantitative background and financial experience within the insurance industry, familiarity with liabilities and derivatives.

 

What You’ll Do:

 

• Utilize, develop, enhance and implement quantitative models to assess market risks, including interest rate, equity, spread and other risks.
• Create and maintain risk dashboards and reports for senior management and regulatory bodies
• Perform stress testing and scenario analysis to evaluate portfolios resilience of defeasance of liabilities under adverse market conditions
• Utilize AI tools (e.g. Copilot, Chat GBT) to develop models and analysis used for market risk measurement and management
• Collaborate with various departments, including investments, actuarial, and finance, to ensure a holistic approach to risk management
• Continuously improving the market risk management framework, including setting risk limits, thresholds, analysis and reporting
• Assess model assumptions and results that are produced for assets and liabilities
• Assess the impact of changes in inforce, actuarial model assumptions, and rates
• Assess derivatives programs across risks (e.g. interest rate, equity, foreign exchange, etc.)
• Analyze asset and liability component cash flows and assess component-level interest rate risk
• Maintain and enhance market risk reporting that captures asset and liability risk attribution, performance attribution, risk profile, hedging, etc
• Conduct risk assessments and quantitative analyses to identify, measure, and monitor market risks, including interest rate, equity, spread, and other risks.
• Perform attribution, shock, and cash flow analysis for market risk metrics
• Perform reporting for market risk rating agency requests 
• Continue streamlining processes and support continuing automation efforts for market risk analytics
• Evaluate risk allocation utilizing metrics such as VaR, Economic Surplus, BU support, etc.
• Perform research and provide insights into market risk metrics
• Monitor risk exposures, assess risk mitigation strategies, and ensure compliance with regulatory requirements
• Stay abreast of industry developments and continuously improve risk management methodologies