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Head of Portfolio Risk Management, Investment Risk

Company: MassMutual
Location: Boston
Posted on: February 25, 2021

Job Description:

Head of Portfolio Risk Management, Investment Risk Do you want to be part of a team that encourages your growth, supports your ambitions and makes it a priority for you to reach your goals? Is helping people part of who you are? At MassMutual, we help millions of people find financial freedom, offer financial protection and plan for the future. We do this by building trust with our customers by being knowledgeable problem solvers and prioritize their needs above all else. We Live Mutual. Description ------ This is an opportunity to join MassMutual, an organization that is committed be the best company in the industry based on superior financial strength, high dividends and delivery of a high quality customer experience. It's about our customers - and keeping them at the center of all that we do. Seeing ourselves as our customers do: as MassMutual - One company, one culture, one brand all working toward a shared purpose---. To help people secure their future and protect the ones they love. Core to this vision is Risk. We are seeking a Head of Portfolio Risk Management. He/she will be partnering with risk managers and portfolio managers across ERM & CIO to identify, measure and develop recommendations to manage enterprise investment risk exposures. In conjunction with asset managers and other parties, he/she will develop investment risk solutions & frameworks to assist in managing risk exposures of various lines of business and subsidiaries. KEY RELATIONSHIPS: Reports to: Head of Investment Risk Management Other Relationships: A key to success in this position will be the ability to work collaboratively with the teams in Enterprise Risk Management; portfolio managers, asset managers, traders and analysts for the general account (through the CIOs Office) and MassMutual's asset management subsidiaries. OVERALL RESPONSIBILITY: As a member of the ERM investment risk team, the particular focus will be on asset allocation risk management and stress testing. Responsibilities will include:

  • Lead asset allocation portfolio construction reviews in the context of insurance liability driven investing to ensure there is an optimal balance between risk & reward
  • Review investment guidelines and investment risk limit frameworks for reasonableness and propose alternatives where needed
  • Monitor asset allocations in GIA, identify emerging trends and risks to drive risk management action and inform asset allocation decisions
  • Evaluate risk/return considerations and articulate acceptable boundaries consistent with overall limit framework and risk appetite in product specific investment strategies
  • Develop quantitative downside risk stress testing methodologies and frameworks for various asset classes including structured assets to support new and existing products
  • Leverage Moody's tools/systems to enhance scenario analysis capabilities and partner with quantitative risk analytics & Credit risk teams to develop dashboards which provide key insights into portfolio concentrations and risks
  • Support ESG sustainability strategy & investment policy for MassMutual
  • Manage and have good understanding of derivatives and hedging programs CANDIDATE QUALIFICATIONS:
    • 10+ years of relevant work experience working in investment risk management (insurance company focus);
    • Extensive experience in quantitative credit and asset allocation modeling
    • Experience performing detailed analysis of risks associated with different asset classes including structured assets
    • Previous experience working on liability driven investing projects within an insurance company
    • Working knowledge and experience working on ESG initiatives
    • Knowledge and experience working with derivatives and hedging risk management
    • An advanced degree in Financial Engineering, Mathematics, Physics, Engineering or similar quantitative discipline preferred;
    • CFA or CAIA or FRM preferred;
    • Understanding of the insurance industry is desirable;
    • Well established record of project management;
    • Success working in collaborative team environment with matrix management;
    • Strong executive communication and presentation skills; and,
    • Ability to work independently and take initiative. WORK LOCATION: --Boston. Willing to consider candidates in Springfield or New York if they are willing to travel to Boston weekly. Winning Ways:
      • Focus on the Customer - Know your customers well; add value with a level of urgency.
      • Act with Integrity- Adhere to a strict code of ethics and MassMutual Values; be trustworthy.
      • Value People - Lead people to success; appreciate diverse ideas and experiences.
      • Work Collaboratively - Partner with others to achieve results that leverage the right resources.
      • Achieve Results - Focus on winning; consistently exceed expectations. COMPENSATION: We pay competitive base salaries and we reward performance. Our salary structure is commensurate with experience. In addition, you will be eligible to participate in our comprehensive benefits program including medical insurance and 401(K).
        #LI-DNI Why Join Us. We've been around since 1851. During our history, we've learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard. Recognized as a 2019 World's Most Ethical Company by Ethisphere, MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It's more than our company structure - it's our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual. MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.-- Posted 2 Days Ago Full time R8309 About Us At MassMutual, we're fostering an inclusive and dynamic environment where our employees are valued for who they are and can build successful careers. For us, diversity and inclusion is more than a goal, it's the only way forward. --- 100% rating on the Human Rights Campaign Corporate Equality Index (2018)
        --- National Association for Female Executives Top Company for Executive Women (2018)
        --- Disability Equality Index-- (DEI) Best Place to Work for Disability inclusion (2018)
        --- Working Mother Media 100 Best Company (2017)
        --- Military Friendly Employer (2018)

Keywords: MassMutual, Boston , Head of Portfolio Risk Management, Investment Risk, Executive , Boston, Massachusetts

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