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Role Value Proposition:
As a result of the growth of our risk function overseeing Company’s insurance business, which includes $420 billion of general account assets as of December 31, 2017, Company is seeking the Vice President, ALM and Liquidity. This position will maintain the global market risk framework (enterprise policy and market risk appetite) and will provide the Global Risk Management (GRM) perspective within Asset Liability Management (ALM) working groups for both the US and Company Holdings segments, as well as the enterprise liquidity working group. The position will oversee a team involved in developing, reviewing and maintaining guidelines, reporting, stress tests, risk sensitivities, risk metrics and portfolio strategies. The position will also be responsible for providing market risk input and review for various submissions (rating agency, SEC reporting, etc.), maintaining and evolving the market risk portion of the EC model, and reporting on enterprise market risk analytics.
Participate in ALM working groups: Retirement Income Solutions, Retail Annuities, Retail Life, Retail Reinsurance, Group, A&H, Capital Markets, US/Int’l Hybrid and provide updates to head of market risk
Calculate impact to economic metrics and guidelines of market risk strategies
Develop and recommend ALM best practice
Oversee quarterly review of Market Risk Disclosure and 10-K sensitivities
Participate in liquidity working group: review Liquidity Stress Model (LSM) results, current market environment, liquidity position of portfolios, securities lending derivative collateral capacity, and liquidity impact of enterprise strategies
Review contingent funding plan quarterly
Review enterprise liquidity risk policy and liquidity coverage ratio limits
Review enhancements to LSM process and models
Manage annual GRM challenge of liquidity stress testing assumptions
Support Company’s participation in industry liquidity-related working groups
Recommend approach to set a risk appetite for collateralized funding and lending transactions (CFL)
Other Market Risk
Maintain and develop the market risk portion of the economic capital framework
Maintain and develop reporting of enterprise market risk analytics
Essential Business Experience and Technical Skills:
15+ years of risk management experience with specific background in ALM, market and liquidity risk management or equivalent investment experience
Accomplished change management leader, able to operate effectively in a highly matrixed organization
Relationship management expertise
Strong communication and partnering skills
Ability to develop talent, empower individuals and manage diverse teams to drive engagement and performance
Demonstrated ability to influence policy and strategy through effective collaboration
Actuarial designation and insurance industry experience highly desired
Proven ability to solve complex risk management problems
Thinks Strategically – Sets direction aligned to the company’s strategy, applying external and global perspective to meet local and global needs.
Motivates People – Gains people commitment to achieve business objectives through clear communication of the company’s vision and flexing leadership styles to inspire high performance.
Creates Partnerships – Authentically builds trusted relationships and collaborates across global, diverse and multi-functional teams to successfully drive business objectives.
Seizes Opportunity – Seeks new opportunities and ways to create balanced business growth while improving operational capabilities.
Grows Talent – Inclusively and pro-actively develops talent, empowers individuals and manages diverse teams to drive engagement and performance.
Models our Values – Creates a culture that promotes the company’s values and standards through role modeling, accountability and ownership of decisions.
Focuses on Customers – Promotes customer centricity and ensures focus on creating great customer experiences to achieve competitive advantage.
Drives Results – Sets aggressive goals and is accountable for continuously driving improved performance, leading change and ensuring high standards.
Reports to:SVP, Market Risk
Direct reports/team: 3/6-7
Key Stakeholders: AIC Portfolio Strategies, ALM, Treasury, Actuarial, Accounting, CFO Organization, MIM Derivatives and CMG teams
Company, through its subsidiaries and affiliates, is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, Company has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.
We are one of the largest institutional investors in the U.S. with more than $580 billion in managed assets as of December 31, 2017. We are ranked #42 on the Fortune 500 list for 2017. In 2017, we were named to the Dow Jones Sustainability Index (DJSI) for the second year in a row. DJSI is a global index to track the leading sustainability-driven companies.
While we have tremendous respect for the past, we are a company firmly focused on the future. To adapt to a changing world, we are undergoing one of the most dramatic transformations in our history to reinvent how we do business so we can thrive in any environment. We are moving away from a traditional product-development model to one driven by customer insights. We are challenging historical norms by humanizing our industry and designing every customer experience to reflect the modern company we’re becoming. Our goal in everything we do is to offer customers truly differentiated value propositions that allow us to establish clear competitive advantages. We pride ourselves on being a trusted partner to our customers as they navigate life’s twists and turns.
At the center of our business strategy is a commitment to One Company – collaborating, sharing best practices, and recruiting, developing and retaining the best talent in the industry. We live by our values: Put Customers First, Be the Best, Make Things Easier, and Succeed Together. They guide how we operate every day.
Company is a proud equal opportunity/affirmative action employer committed to attracting, retaining, and maximizing the performance of a diverse and inclusive workforce. It is Company's policy to ensure equal employment opportunity without discrimination or harassment based on race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.
Company maintains a drug-free workplace.
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