Director, CICB Balance Sheet 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

Group: Balance Sheet Risk Management

Reports to: Head of Actuarial Strategy & Integration

About the role

We are seeking a Director, Bermuda Balance Sheet Risk Management, to execute first-line ALM and balance sheet optimization for Corebridge Insurance Company of Bermuda (CICB).  CICB is a strategic legal entity supporting Corebridge’s reinsurance, capital management, and long-duration liability optimization under Bermuda regulatory frameworks.  CICB plays a critical role in Corebridge’s enterprise balance sheet strategy.

This is not a second-line oversight or control role, and not an immediate people-leadership role.  It is a hands-on management role responsible for building, operating, and evolving CICB’s ALM analytics and optimization framework, in close collaboration with actuarial, investments, derivatives, finance, and reinsurance teams.

Responsibilities

The Director is accountable for designing and executing CICB’s ALM and balance sheet optimization framework, with a primary focus on the liability side and its interaction with assets, hedging, and capital.

• Consumes actuarial inputs (assumptions, cash flows, sensitivities) primarily produced by the Chief Actuary of CICB and her team,

• Translates those inputs into ALM analytics, optimization insights, and actionable balance sheet strategies,

• Partners with asset and derivatives teams to design and evaluate asset allocation and hedging actions.

ALM Framework & Balance Sheet Execution

• Build and maintain CICB’s asset-liability management framework, integrating liability cash flows, asset portfolios, derivatives, and capital constraints.

• Convert actuarial liability projections into ALM-ready metrics (duration, convexity, key-rate exposure, liquidity profiles, optionality).

• Develop ALM dashboards, analytics, and decision tools to evaluate balance sheet positioning across base and stressed environments.

• Perform combined asset-liability cash flow testing, sensitivity analysis, and scenario modeling.

Liability-Driven Optimization & Hedging

• Analyze liability behavior (surrenders, utilization, longevity, interest-rate sensitivity) and assess implications for asset strategy, hedging, and liquidity.

• Partner with asset management teams to design liability-aware portfolio strategies (duration alignment, spread exposure, illiquidity tolerance).

• Work with derivatives teams to design, size, and assess hedging strategies (rates, convexity, optionality), including hedge effectiveness analysis.

• Recommend balance sheet actions that improve earnings stability, capital efficiency, and alignment with risk appetite.

CICB Management and Regulatory Information

• Develop ALM stress and scenario analytics that reflect the joint behavior of assets and liabilities to inform management

• Quantify impacts of regulatory market shocks, behavioral changes, and structural shifts on ALM position

• Support regulatory filing requirements

• Other duties as assigned related to the ongoing success of CICB

Reinsurance & Structural Strategy Support

• Support evaluation of reinsurance and internal transactions from an ALM and balance sheet optimization perspective.

• Assess implications for liability cash flows, capital usage, hedging needs, and balance sheet resilience.

• Partner with actuarial, finance, asset, and legal teams to integrate transactions into the ALM framework.

Enterprise Balance Sheet Support

• Leverage ALM and liability optimization expertise to support other Corebridge balance sheets on an as-needed basis.

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