Position Overview
Lead and manage a group of quantitative and financial risk analysts in management of dynamic and static hedging programs to manage the financial market risks associated with in GFS transactions. Provide appropriate review and/or development of capital markets projections, hedging performance and other risk mitigation analysis. Provide key input on macro-economic assumption development and risk measurement, risk mitigation, investment, and financing activities. Perform managerial duties, including the development and mentoring of associates.
Responsibilities
- Manage active risk mitigation strategies and hedge portfolio management. Help influence, develop strategy, and execute decision making around risk management.
- Direct the monitoring of hedging exposures to ensure that all of the quantifiable risks for division hedging exposures have been modeled in a reasonable, accurate, and repeatable manner and, that such risk exposures taken are disclosed to and understood by the senior management team.
- Consult on the stochastic economic scenario generator(s) including projection of: interest rates, inflation, equity indices, currency exchange rates, credit spreads, and defaults.
- Direct the development and refinement of macro-economic assumptions.
- Contribute to the refinement and expansion of capital markets risk analyses (ex’s: PBEC, MCEV models, hedging analyses) for the division, serving as project lead where appropriate.
- Provide and/or direct economic analysis for assigned capital markets related pricing activities.
- Perform management duties including, but not limited to, hiring, training, evaluating, coaching, and disciplining direct reports. Foster a positive and engaged work environment. Mentor associates and give guidance on associate development.
- Participate in key unit and ad-hoc department projects as needed (ex: scenario reduction techniques).
- Maintain regular and predictable attendance.
- Perform other duties as assigned.
Requirements
- FSA accreditation (or Home Country Equivalent) OR
- Bachelor’s degree in Finance, Mathematics, Actuarial Sciences, Statistics or equivalent experience, and 10 years broad financial services experience; OR
- Master’s degree in Finance, Economics, or related field, or equivalent experience, and 7+ years broad financial services experience
- In-depth understanding of FIA and VA insurance products, including all rider guarantees commonly offered in the market
- Advanced PC and technical skills, including statistical programs (ex.: SAS, MATLAB, Gauss) or a computing language (C/C++), spreadsheets, and database applications (Access, Oracle, SQL or equivalent technology).
- Advanced knowledge/experience in econometrics, statistics, math, and/or computational finance
- Knowledge of economic scenario generators, stochastic processes, and capital markets, including fixed-income and equity investments, derivatives, and asset pricing techniques
- Advanced knowledge of broad business practices
- Highly advanced people management skills, demonstrating the ability to lead, mentor, and develop associates; including the ability to delegate key areas of responsibility
- Highly advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received
- Highly advanced investigative, analytical and problem solving skills
- Expert ability to balance detail with departmental goals/objectives
- Advanced skills in customer relationship management and change management
- Highly advanced ability to translate business needs and problems into viable/accepted solutions
- Highly advanced ability to manage multiple projects and/or teams simultaneously
- Highly advanced ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines
- Highly advanced persuasion and negotiation skills when working with internal/external customers
Preferred:
- Advanced graduate degree with specialization in Quantitative Finance field
- FSA, ASA, or significant insurance experience
- CFA or other asset / risk based credentials
- 2+ years of experience with hedging analysis
- 2+ years management or leadership experience
- Knowledge of C / C++, VBA, and SQL.
- Advanced experience with SAS, MATLAB, or Gauss.
- Experience with hedging analyses.
- Advanced expertise in computational finance, econometrics, statistics, and math.
- Experience with structured financial service contracts involving embedded options.
Company Overview
Reinsurance Group of America, Incorporated(NYSE:
RGA) is one of the largest global life and health reinsurance companies. With headquarters in St. Louis, Missouri, RGA supports clients and partners around the world through innovative approaches and customized solutions.
Founded in 1973, RGA celebrated its 50th anniversary in 2023.
- We are the only global reinsurance company to focus primarily on life- and health-related reinsurance solutions.
- Our core products and services include life reinsurance, living benefits reinsurance, group reinsurance, health reinsurance, financial solutions, facultative underwriting, and product development.
- RGA ranks #257 on the 2024 Fortune 500 list. The list ranks U.S.-based companies by total revenue.
- RGA has been named to Fortune magazine’s 2023 and 2024 lists of the World’s Most Admired Companies.
- RGA in Canada has been selected as one of Greater Toronto's Top Employers for 2024
- RGA has approximately $3.5 trillion of life reinsurance in force and assets of $87.4 billion as of September 30, 2023.
RGA aims to evolve RGA workplaces and the communities in which RGA has a presence, into more diverse, equitable and inclusive environments. We will create a culture where individuals are valued, feel a sense of belonging, and are respected for their differences – a workplace where all employees are encouraged and supported to reach their full potential.
Our individual, social, economic, and cultural identities shape and influence our experiences and perspectives. Therefore, to do our best work RGA will ensure diversity in our workforce across the various dimensions of social, interpersonal, and cultural identity - and by practicing inclusivity in how we work with one another. Inclusion in our workplace is a step towards our purpose of
making financial protection accessible to all .
Flexible Working Environment
RGA supports hybrid and flexible ways of working and would welcome a discussion on how it can balance what is important to you with business requirements during the recruitment process.
Visit our Annual Review site, https://rgaannualreview.com , to find out more about us.
RGA offers an array of benefits, including flexible plans.
Pay is based on a number of factors, including market, a candidate’s skills, and experience commensurate with a role, etc. salary range: $120,375 - $179,365 + bonus.
