AVP Asset Risk & Analytics

Primary Responsibilities

• Lead the asset risk and analytics function at Venerable, including hiring, managing, and developing a team of investment, actuarial, and quantitative professionals.
• Key department functions:
  • Oversee asset risk management in Venerable’s general account portfolios
  • Support the development, production, maintenance, and enhancement of general account asset portfolio analytics and risk reporting
  • Develop, implement, and maintain investment and asset risk assumptions, scenarios, and stress tests
  • Oversee general account asset modeling for existing and reinvestment assets
  • Develop, implement, and maintain investment risk framework at Venerable for general account portfolios

Specific Responsibilities

• Develop and enhance the management of Risk exposures of the investment portfolios; this includes measuring, monitoring, and analyzing the investment risk exposures, performing risk stress analysis, and analyzing potential hedging strategies and their integration with the larger investment strategy
• Support and enhance Venerable’s Liquidity Management, by working with internal and external parties to establish and maintain a comprehensive Liquidity Management framework
• Research and develop methodologies and models to quantify, assess, and monitor market and financial risks with a focus on liquidity, capital, and earnings / economic value
• Develop and utilize code libraries for portfolio optimization, investment strategy research, statistics, optimization problems, analytics, and attributions
• Apply scalable technology to support the Investment Management, Risk, and Finance departments
• Support comprehensive Investment and Risk reporting to senior management and the Investors
• Communicate and explain investment analytics & stress test results and components of reported risk metrics
• Provide clear direction and ownership of asset modeling assumptions used in the actuarial projection models at Venerable
• Contribute to the partnership with Risk Management to analyze risk, ALM, and hedging strategies for specific liability types and their integration within Venerable’s investment and hedging strategies
• Own bespoke business systems & models
• Maintain an understanding of product liability structures and managing the investment portfolios to meet any asset/liability management needs
• Provide input to investment assumptions that support actuarial projection models
• Manage large data sets, organizing data, working on database optimization, etc. in partnership with the Investment Data Strategy and Management team
• Maintain knowledge about industry/peer activities and trends in investment portfolios and an understanding of the implications for our business

Key Qualifications

• Minimum 7 years of progressive experience in a highly technical quantitative field (Mathematics, Computer Science, Finance, Actuarial Science, Investments, Research) with an orientation toward investment risk & analysis
• Advanced education, CFA, ASA, FSA, or Ph.D in a quantitative discipline, a plus
• Demonstrated knowledge of insurance company portfolio management, asset-liability management, hedging, and derivatives
• Significant relevant investment, actuarial, programming, and/or modeling experience
• Advanced knowledge of Fixed Income investment products, capital markets, asset modeling, and risk management
• Strong knowledge of systems design and development principles. OOP, abstraction, modularity, reusability, etc.
• Demonstrated ability to lead a diverse team of professionals
• Strong quantitative/analytic reasoning and problem-solving abilities
• Ability to conceptualize/understand and implement novel ideas based on sound theoretical foundations into concrete business solutions
• Proven track record of constant process improvement and innovation
• Exceptional oral and written communication skills, with strong interpersonal skills to interact effectively across Venerable and with senior management
• Proven ability to deliver results under pressure in a tight timeframe
• Excellent facilitation, organization, and interpersonal skills
• Able to manage and negotiate competing priorities and deadlines, strong management orientation and problem-solving skills, and able to work in fast-paced entrepreneurial environment