Senior Analyst, Risk Management

Together we fight for everyone’s opportunity for a better financial future.

We will do this together — with customers, partners and colleagues. We will fight for others, not against: We will stand up for and champion everyone’s access to opportunities. The status quo is not good enough … we believe every individual and every community deserves access to financial opportunities. We are determined to support both individuals and communities in reaching a better financial future.  We know that reaching this future depends on our actions today.

Like our Purpose Statement, Voya believes in being bold and committed to action.  We are committed to a work environment where the differences that we are born with — and those we acquire throughout our lives — are understood, valued and intentionally pursued. We believe that our employees own our culture and have a responsibility to foster an environment where we all feel comfortable bringing our whole selves to work. Purposefully bringing our differences together to positively influence our culture, serve our clients and enrich our communities is essential to our vision.

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Position Summary:

Voya Financial is seeking a Senior Risk Analyst for the Voya Financial Risk Management Organization.  The individual contributor role will primarily focus on performing risk centric quantitative analysis of the Voya Retirement business segment (e.g., EaR, CaR, Stress Scenarios) across GAAP and Statutory frameworks.  The position will have other day-to-day responsibilities and work within a team of risk professionals focused on Voya’s Retirement business.

This position has in-office requirements.  Candidates must live within reasonable commuting range of our Windsor CT office.

Position Description:

The Senior Risk Analyst will partner with others in executing on the following activities to help leadership proactively manage risks to the Retirement business segment.  Responsibilities include:

• Risk Measurement & Analysis
  • Calculate and monitor EaR and CaR metrics quarterly for alignment with enterprise risk appetite.
  • Perform annual stress testing under GAAP and STAT basis, including scenario and sensitivity analyses for interest rate, equity, and credit shocks.
  • Support Economic Capital (EC) modeling and integrate results into enterprise risk reporting.
• General Account Monitoring
  • Monitor the performance, risk exposures, and asset-liability matching of the General Account.
  • Provide insights on credit quality, duration gaps, and liquidity risk impacting the General Account.
• Financial Analysis for Existing and New Product Development
  • Assist in evaluating financial implications of new retirement products, including pricing assumptions and capital requirements.
  • Perform risk-adjusted profitability analysis and stress scenarios for existing and proposed product designs.
  • Partner with Product Development and Actuarial teams to ensure alignment with risk appetite and regulatory standards.
• Reporting & Governance
  • Facilitate regular meetings with management of the supported business areas.
  • Prepare reports for senior management.
  • Collaborate with Corporate Risk, Finance, and Investment Management teams to ensure accurate and timely submissions.
  • Monitor compliance with internal risk policies and regulatory requirements (ORSA, NAIC guidelines).
• Process Improvement
  • Enhance methodologies for EaR/CaR and stress testing to reflect emerging risks and best practices.
  • Contribute to risk governance discussions and committee presentations.
  • Review, and suggest applicable changes for, procedures for business areas directly supported.
• Support other Risk work as assigned.

Skills and Competencies:

Voya risk management professionals aspire, individually and collectively, to actively participate in Voya’s growth strategy as trusted advisers to the business and enablers of growth, with a focus on customer-centric innovation and consistent execution. We seek like-minded professionals with the following demonstrated skills and competencies:

• Proactive and practical attitude
• Strong verbal and written communication skills
• Curiosity about our business and industry
• Agile and creative approach to problem solving
• Strong analytical skills in data analysis and trend interpretation
• Collaborative team player
• Growth mindset and ability to gain new areas of expertise

Knowledge & Experience: