Actuarial Investment Strategist, Vice President I - State Street Global Advisors

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability.  We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

Our promise to maintain an environment where every employee feels valued and is given equal opportunities to meet their full potential regardless of their identity, origin or gender infuses our day-to-day efforts. It’s also part of our commitment to inclusion, development and engagement, and corporate social responsibility. Join us.

At State Street Global Advisors, our mission is to invest responsibly to enable economic prosperity and social progress. Our vision is to be the first investment call for every institutional investor and financial intermediary.

In order to achieve SSGA’s Mission and Vision, our Investment Solutions Group will drive delivery of a robust mix of innovative solutions to our clients, while delivering a best-in-class service experience within a culture that values diversity, collaboration, and learning.

Who we are looking for

We are looking for an energetic professional to be an Actuarial Investment Strategist in our Outsourced Chief Investment Officer (OCIO) group.  Based in Boston, the Actuarial Investment Strategist will serve in an investment advisory capacity for OCIO clients.  The Investment Strategist team is part of State Street Global Advisors’ Investment Solutions Group (“ISG”), a global multi-asset class solutions team. This position reports to the managing director, Head of OCIO Investment Strategy – Investment Solutions Group. 

You should have U.S actuarial credentials and a confirmed ability to analyze and oversee client liabilities, quantitative and qualitative valuations, risk analysis, reporting and link to client strategic asset allocation and total portfolio. Proven actuarial and defined benefit (DB) subject matter expertise to support various initiatives and services, including development of liability driven investing models, de-risking glide paths and other asset – liability management analytic services is required. In addition, the candidate will also lead the liability assessment, spending analysis and stochastic modeling for our VEBA, NDT, Endowment & Foundation and Healthcare client channels.  You will work closely with senior OCIO investment strategists and relationship personnel to evaluate, design, and monitor liability based solutions for institutional clients; incorporating capital market assumptions, asset class and liability characteristics, and funding policy into a clear-cut and executable program. Just as important, you will have the proven ability to listen, evaluate, and incorporate client objectives into the strategic asset allocation plan and communicate with internal and external partners on complex investment activities in a clear and concise way.

As a member of our Investment Strategist team, you will also collaborate with our manager research team (in public and private markets) in the portfolio construction design process.  In a client facing capacity you will partner with our OCIO relationship managers and interface regularly with client investment committees and staff as part of the overall investment portfolio and performance review.  

Responsibilities and Expectations:

• Collaborate with client OCIO Relationship Managers to address any client strategic asset allocation issues, concerns, and opportunities

• Consult with clients on funding and de-risking policies, liability driven asset allocation and glide-path development

• Help develop long term (5+ years) customized client strategic asset allocation plans

• Participate actively in the preparation and presentation of client deliverables and new client opportunities

• Assess and communicate impact of current legal and regulatory environment on investment strategies for DB plans

Position Requirements:

• ASA, FSA, or EA designation. Knowledge of pension actuarial formulas, methods, stochastic forecasting and valuations.

• Knowledge and expertise with US defined benefit plan design, Asset Liability Modeling (ALM) studies, pension risk management and forecasting.  UK and Canadian pension liability and actuarial modeling is also desirable.

• Experience working with Moody’s Analytics Pfaroe platform, DB and E&F modules, or comparable platforms is a plus.

• Demonstrate initiative and work independently; aptitude to self-direct and set priorities in a fast-paced environment

• Highly organized, meets deadlines, with a strong attention to detail

• Strong communicat