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Senior Market Risk Analyst job in Whippany

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Whippany MetLife Services and Solutions, LLC

Job Ref:  1999
Employer:  MetLife Services and Solutions, LLC
Sector:  Health Insurance
Investment
Life Insurance
Qualifications:  Part Qualified Actuary
Fully Qualified Actuary
Software:  Excel
Python
R
Job Type:  Full Time
Salary and Benefits:  $103,100 - $137,400 per year
Remote:  No

Location

Country:  United States
City:  Whippany
Post Code:  Not specified
Map: 

Description

Description and Requirements

The Role :

As part of the Market Risk Strategy team within the Global Risk Management organization, the Senior Market Risk Analyst will be responsible for development and advancement of replicating portfolios (RP) supporting MetLife's asset liability management (ALM) and Investment performance attribution processes.

Replicating portfolios are used globally by ALM, Actuarial, and Investment management to understand the active risk position in the liability portfolios and to ensure compliance with guidelines and limits. The Senior Market Risk Analyst will work with ALM departments globally and BlackRock to ensure RPs are calibrated and performing as expected. Additionally, the Senior Market Risk Analyst will join a team working on a next generation methodology for RP development using AI methods.

Additionally, this role will support the VP of Market Risk Strategy in analyzing different potential strategies for Playbook development or ad-hoc as needed.

Key Responsibilities:
  • Manage optimizer to update replicating portfolios (RP) on a quarterly basis and evaluate RP performance
  • Work as part of agile team expanding development and use of replicating portfolios
  • Assist in risk analysis for various strategic initiatives
  • Assist Market Risk team in working group operations and documentation
  • Provide ad hoc analysis and modeling support as needed


Key Relationships:

Reports to: VP Market Risk Strategy

Direct reports: 0

Key Stakeholder Departments: Global Risk Management, Asset Liability Management, Investments, and Finance

Candidate Qualifications:

Required:
  • 3-5 years related experience
  • Bachelor's degree in mathematics, statistics, actuarial science, finance, or similar field of study
  • Actuarial designation (ASA or FSA)
  • Excellent Excel modelling skills
  • Experience with coding (e.g. R, Python, or C++)
  • Strong understanding of statistics, optimization, and AI methods
  • Excellent analytical, mathematical, and organizational abilities


Preferred:
  • Intermediate understanding of insurance ALM practices
  • Intermediate understanding of derivative products, insurance products, and investment assets
  • Educational background in optimization and/or predictive modeling


The wage range for applicants for this position is $103,100 to $137,400. This role is also eligible for annual short-term incentive compensation. MetLife offers a comprehensive benefits program, including healthcare benefits, life insurance, retirement benefits, parental leave, legal plan services, and paid time off. All incentives and benefits are subject to the applicable plan terms.

The wage range for applicants for this position is $103,100 to $137,400.

Benefits We Offer

Our U.S. benefits address holistic well-being with programs for physical and mental health, financial wellness, and support for families. We offer a comprehensive health plan that includes medical/prescription drug and vision, dental insurance, and no-cost short- and long-term disability. We also provide company-paid life insurance and legal services, a retirement pension funded entirely by MetLife and 401(k) with employer matching, group discounts on voluntary insurance products including auto and home, pet, critical illness, hospital indemnity, and accident insurance, as well as Employee Assistance Program (EAP) and digital mental health programs, parental leave, volunteer time off, tuition assistance and much more!

About MetLife
Recognized on Fortune magazine's list of the 2023 "World's Most Admired Companies" as well as the 2023 Fortune 100 Best Companies to Work For ®, MetLife , through its subsidiaries and affiliates, is one of the world's leading financial services companies; providing insurance, annuities, employee benefits and asset management to individual and institutional customers. With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East.

Our purpose is simple - to help our colleagues, customers, communities, and the world at large create a more confident future. United by purpose and guided by empathy, we're inspired to transform the next century in financial services. At MetLife, it's #AllTogetherPossible . Join us!

Equal Employment Opportunity/Disability/Veterans

If you need an accommodation due to a disability, please email us at accommodations@metlife.com. This information will be held in confidence and used only to determine an appropriate accommodation for the application process.

MetLife maintains a drug-free workplace.

$103,100 to $137,400
ref: (1999)
Applied = 0
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