Post Job Free
Sign in

Market Risk Director

Company:
Talcott Resolution
Location:
Manhattan, NY, 10007
Posted:
May 21, 2024
Apply

Description:

Talcott Financial Group is an international life insurance group and the industry's trusted partner for comprehensive risk solutions.

Talcott creatively designs and expertly delivers responsive solutions that transfer risk and manage capital in a way that supports the strategic needs of insurers today and into the future.

Talcott Financial Group has a proven track record of well-executed transactions, and the enterprise benefits from its strong financial position with over $120 billion in assets under management, its investment-grade financial strength ratings, and its partnership with Sixth Street, a leading global investment firm.

Talcott Financial Group's two core business platforms include: U.S.

based Talcott Resolution and Bermuda and Cayman based Talcott Re.

Overview: This position will report into the Chief Risk Officer (CRO) of Talcott's US based Life and Annuity businesses in Enterprise Risk Management (ERM). The ERM team is composed of Actuaries, CFA's, and risk professionals.

The group supports some of the following key priorities: * Identify and assess market and liquidity risks * Supporting the development and testing of Talcott's risk appetite related to enterprise market and liquidity risks * Support the development of enterprise risk tolerances and limits for market risks * Oversee Talcott's hedging program along with other risk mitigation activities * Support risk monitoring which includes internal and external risk reporting Talcott is pursuing an ambitious growth plan and our team will be actively involved in evaluating the opportunities by providing support with assessing optimal ALM, capital-efficient and derivative strategies.

Primary Responsibilities: * Assist in monitoring and managing existing hedge positions and open risk on legacy and reinsured blocks of business * Assist in creation and review of economic scenarios (deterministic and stochastic) * Assist in reviewing potential blocks of business for acquisition and evaluating potential hedge strategies * Assist in reviewing liquidity risks across the enterprise and recommending stress tests for liquidity analysis at operating company and enterprise level * Assist in the assessment of risks embedded in the products that include capital markets modeling of guarantees, examination of product features and functions, and review of model implementations * Collaborate with the Hedge Trading Desk to explore risk return profiles and trading analytics * Partner with the Investment Management, ALM, Treasury, Finance and Actuarial teams to assess impact of various ALM and hedge strategies Qualifications: * ASA, FSA, CFA, or Masters in Financial Engineering is highly desirable * Minimum of 5 years of fixed annuity, hedging and/or derivatives experience * Knowledge of Statutory and GAAP accounting principles.

* Strong knowledge base of variable and fixed annuity risk and profit profile as well as the modeling for these risks-fixed indexed annuity experience is strongly preferred * Strong mathematical and analytical skills coupled with knowledge on fixed income asset classes, pricing models, complex derivatives, and numerical derivatives pricing techniques * Proficiency with spreadsheet and database applications, including the ability to automate tasks using VBA/SQL or other macro programming languages * Ability to perform ad hoc analysis under binding time constraints, the desire to take pride in and ownership of work products and presentation, intellectual curiosity, excellent communication skills, and the willingness to "do what it takes" to meet critical objectives * Ability to multi-task and effectively balance short-term and long-term priorities * Demonstrated capacity to form and maintain strong working relationships with individuals of all levels from other departments * Talcott Resolution is an equal employment and affirmative action employer.

All qualified applicants will receive consideration without regard to race, color, sex, religion, age, national origin, disability, veteran status, sexual orientation, gender identity or expression, marital status, ancestry or citizenship status, genetic information, pregnancy status or any other characteristic protected by law.

Talcott Resolution maintains a drug-free workplace and is committed to building inclusion and leveraging diversity.

Apply