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Senior Capital and Risk Modeling Analyst
Pacific Life
Newport Beach, CA, United States
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Job Description
Currently, we are seeking a talented Economic Capital Analyst to join the Corporate team based in Newport Beach, CA.
POSITION SUMMARY:
Manage the technical and functional development and maintenance of economic capital for Pacific Life and its subsidiaries. This will impact each Division as economic capital will supplant regulatory capital in distributing capital among divisions. Engage in modeling and reporting processes that provide consistent, high quality economic value and capital measures for Pacific Life. This will involve designing, developing, testing and implementing applications and reporting processes for the economic capital model to ensure consistency, efficiency and accuracy. The position assists in aggregation of economic capital measures of all the Divisions and Subsidiaries of Pacific Life Corp.
RESPONSIBILITIES:
Economic Balance Sheet Modeling & Risk Reporting (40%):
• Assist in calculation and own reporting of economic capital by risk factor, line of business and product level where appropriate where results should be on a timely basis and follow a pre-defined reporting schedule.
• Assist in exploration, proof, implementation and testing of alternative Economic Capital solutions.
• Build and maintain various technical process applications in Excel VBA/VBS, Python and other appropriate programming resources to support the reporting infrastructure.
• Aid in the model certification, documentation and validation of the ECM.
Liability & Asset Portfolio Modeling (25%):
• Support and enhance system of transmitting and receiving data (scenarios, cashflows, asset and liability data) with Divisions.
• Perform, produce, document and improve portfolio replication modeling processes, assumptions and outputs.
• Maintain, execute and improve cashflow models including technical processes, assumptions and outputs.
• Proactively engage in knowledge sharing, peer training, documentation and development of back-up resource(s).
System & Technology Support (25%):
• Take a back-up role in system maintenance, running of batches, validating of results, troubleshooting errors and producing results on a timely basis and follow a quarterly production schedule.
• Troubleshoot issues related to applications, data, structures and business process.
• Develop as an independent secondary role to improve technical strategy and system maintenance of the highest standards including infrastructure expansion, upgrades with IT teams including consultants, architecture design, enhancements, implementation, testing, and troubleshooting.
Miscellaneous (10%):
• Support other areas of Enterprise Risk Management and Operating Divisions as necessary.
• Participate in special projects at the Division and company level.
• Demonstrate ERM Vision, Mission, Strategy.
FACTORS FOR SUCCESS:
• 5+ years working experience in a financial institution and a general understanding of capital markets.
• An advanced undergraduate degree with emphasis in math, finance, computer science and/or actuarial science is required.
• Provide timely support in developing analytical solutions.
• Expert fundamental knowledge and experience with spreadsheet applications, Microsoft Word and PowerPoint.
• Intermediate knowledge and experience with programming tools such as VBA/VBS, Python, etc.
• Exposure to working in a technically diverse team environment.
• Exposure to project leadership or acting as a technical lead.
• Significant experience working with large data sets and statistical metrics.
• Working knowledge and some experience with Fixed Income Securities, Structured Products, Mortgages, Equities, Currencies and/or Derivatives is preferred.
• Manages time on multiple concurrent assignments, proposing solutions to management to resolve issues.
• Produces documentation and communications that are clear and well-written, using appropriate media.
• Interfaces with clients on projects of all sizes.
• Conducts meetings, limited in scope, as necessary to produce a common goal.
• Tailors communications based on audience.