Manager, Investment Risk

Job Summary

The Manager, Investment Risk will manage key aspects of investment risk and credit risk modeling, including oversight and approval of data inputs and assumptions, investment analytics and reporting, establishing investment policy through risk appetite analysis.  This role will also be responsible for developing and implementing enhancements to the reporting process, as well as refining methodologies for risk monitoring.

This position reports to the Director, Financial & Investment Risk.  This position will work with other members of the Risk team and other functional areas within the Company, including Investments, Finance, Legal, IT, and key members of external asset managers serving the Company.

Duties and Responsibilities

• Manage expansion, enhancement and ongoing maintenance of asset models focused on credit risk and capital implications, including validation and approval of inputs and assumptions, analysis and reporting of credit risk analytics and results, and driving decision making from the model results
• Manage, enhance, and validate investments governance and documentation, including investment guidelines, and investment policies and limits, to reflect changing macro variables, changing company structure, reinsurance arrangements, regulatory updates and industry changes/reforms
• Manage and automate investment monitoring and reporting tools and systems, including investment limits based on liquidity, credit risk, capital at risk, and regulatory compliance reporting
• Partner with the Investments team to enhance portfolio monitoring and guide strategic decision-making
• Liaise with external asset managers to provide timely regular updates to reporting and analytics, scenario modeling, and data needs for improved and timely support of credit loss models and compliance reporting
• Liaise with partners in Finance and Actuarial to support platform modernization projects to best leverage the platforms for investment analytics, monitoring and compliance reporting, to help drive improvements to asset and ALM modeling, and to provide guidance and support for the successful completion of the modernization projects
• Work collaboratively with other personnel in the Risk department, supporting the expansion of the risk function
• Support efforts to grow distribution, helping to provide input to risk governance and feedback to the launch of new products and distribution channels.
• Promote risk informed decision making across the enterprise
• Support new reinsurance due diligence, establish/negotiate investment guideline, and operationalize process for monitoring
• Work closely with Investment Portfolio Analytics and external asset managers to report on portfolio metrics, provide analytical insights, and identify emerging risks
• Evaluate best practice credit risk modeling
• Assist with any ad-hoc analytical requests

Experience and Education Requirements

• Bachelor’s degree in mathematics, economics, investments or related field.
• 7 years of investment risk management experience or investment-related experience
• CFA, ASA, FRM and/or MFE designation preferred
• Experience with asset modeling, monitoring, and analytics preferred

Knowledge, Skills & Abilities

• Strong capabilities in MS Excel, familiarity with MS Access & SQL, and demonstrated capability to learn to work with modeling and analytic platforms such as Bloomberg, Aladdin and risk or ALM modeling platforms
• Effective verbal and written communication skills
• Superior analytical and problem-solving skills
• Team player who is comfortable working in a dynamic, entrepreneurial environment
• Strong capabilities with Bloomberg, Aladdin or similar modeling and investment systems
• Demonstrated proficiency of Python through work projects
• Knowledge of cloud technologies such as Snowflake, AWS, Azure and GCP

Other Requirements

• Perform other functions, duties and projects, as assigned.
• Regular and punctual attendance.
• Some travel may be required (less than 10%).

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