VP, Product Risk Individual Markets

All offices are currently open, and our employees are back 4 or 5 days a week in Hudson Yards, NY and 3 days a week in all other offices. If you have questions on this policy or the application process, please contact recruiting@gafg.com.

COMPANY OVERVIEW

Global Atlantic Financial Group is a leader in the U.S. life insurance and annuity industry, serving the needs of individuals and institutions. Global Atlantic is a majority-owned subsidiary of KKR, a leading global investment firm that offers alternative asset management across multiple strategies and capital markets solutions.

Global Atlantic is looking for a diverse team of talented individuals who reinforce our culture of collaboration and innovation. We are dedicated to the career development of our people because we know they are critical to our long-term success. Join our team and come grow with us. 

We use Greenhouse as our scheduling tool and communicate through their systems. At times, your email may block our communications. Please be sure to check your SPAM so that you do not miss critical information about our process, including scheduling. 

The VP, Risk Individual Markets contributes to the independent Risk function by providing effective oversight of financial, insurance and model risk management across our Individual Markets organization. Reporting to the SVP of Risk, this position will work to understand, measure, monitor and report risk exposures and bring strong experience in annuity asset/liability modeling and management, market risk analysis and model risk management experience to the team.

Responsibilities

• Performs financial, model, and insurance risk oversight, with potential coverage of the following risks: interest rate, model, product/pricing, policyholder behavior.
• Performs validations 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 used across our Individual Markets business.
• 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.
• 10+ 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.
• 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.

Various jurisdictions have passed pay transparency laws that require companies provide salary ranges for any positions for which they are accepting applications. Global Atlantic has offices in Atlanta, Batesville, Bermuda, Berwyn, Boston, Des Moines, Hartford, Indianapolis, and New York City. The base salary range posted below is inclusive of the lowest cost of living geography to the highest in which we have a Global Atlantic office. 

Global Atlantic’s