Director, Asset Liability Management

The Director, Asset Liability Management role applies advanced quantitative, actuarial, financial, and AI expertise to model, measure, and manage risk and return of the organization’s assets and liabilities on an integrated basis. This role designs, builds, and maintains the models, tools, and analytical frameworks used to value investments, project asset and liability behavior, and evaluate performance and risk across a wide range of economic and market environments, translating insights into investment, hedging, and product‑design strategies that optimize financial outcomes and strengthen decision‑making for clients and the enterprise.

Key Responsibilities

• Utilizes Asset Liability Management (ALM) metrics to analyze and propose strategies (e.g., asset allocation, hedging, product design) for improved asset‑liability performance under different regulatory regimes and economic environments.
• Devises, tests, and proposes risk‑mitigation actions that help the enterprise withstand the impact of stresses and presents results and solutions.
• Takes ownership of complex quantitative models across diverse asset classes, ensuring accuracy and performance.
• Builds the processes and tools to recalibrate models on a regular basis.
• Designs, develops, tests, implements, refines, and maintains models (e.g., derivatives pricing/valuation) and tools for ALM analytics and reporting.
• Validates models and identifies/implements enhancements when performance deviates from expectations.
• Leverages AI capabilities and applies programming skills across languages such as Python, MATLAB, VBA, and R to help achieve ALM goals.
• Independently performs analysis and calibration to develop/improve liability crediting strategies.
• Leads discussions with Model Risk Management, Internal Audit, regulators, and rating agencies, providing clear explanations of model methodologies.
• Devises and tests investment allocations and target portfolios for new initiatives and products.
• Produces financial analyses and recommendations to senior management for key decision‑making.
• Mentors other team members, providing technical guidance and industry insight.

Educational Requirements

• University degree (field not specified).

Work Experience

• 5+ years required; 7+ years preferred.

Physical Requirements

• Sedentary work.

Required Qualifications

• 5+ years of asset‑liability management, financial engineering, investment management, actuarial, modeling, or other quantitative experience.

Preferred Qualifications

• 7+ years of asset‑liability management, financial engineering, investment management, actuarial, modeling, or other quantitative experience.
• Advanced degree in a quantitative field.
• Outstanding quantitative and technical skills with ability to interpret and draw accurate conclusions from financial, market, and economic data.
• Investment‑management and liability‑driven asset‑allocation experience.
• Strong technical and coding skills including Excel, VBA, Python, PowerPoint, and artificial‑intelligence tools.
• Excellent problem‑solving and analytical skills; detail‑oriented, independent, creative thinker with strong time‑management and organizational abilities.
• FSA and/or CFA designation.
• Experience with annuity, pension, or other insurance products.
• Experience with stress testing, economic capital, and asset‑strategy development.
• Experience with capital markets, various asset classes, and economic scenario generation.
• Experience with reinsurance.
• Experience with internal audit and other regulatory reviews.

Related Skills

• Data Analysis
• Detail‑Oriented
• Financial Acumen
• Financial Modeling
• Financial Risk Management
• Influence
• Negotiation
• Problem Solving
• Programming
• Quantitative Analysis
• Risk Modeling
• Risk Reporting
• Strategic Thinking

Base Pay Range

$173,000 / yr – $272,000 / yr. Actual base salary may vary based upon relevant experience, time in role, internal peer salaries, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include participation in incentive programs linked to performance (e.g., annual discretionary incentives, non‑annual sales incentive plans, or other non‑annual incentive plans).

Benefits and Total Rewards

The organization is committed to making financial well‑being possible for its clients and equally committed to the well‑being of its associates. A comprehensive Total Rewards package includes a superior retirement program and highly competitive health, wellness, and work‑life offerings designed to help associates achieve and maintain their best possible physical, emotional, and financial well‑being.

Company Overview

Every worker deserves a secure retirement. For more than 100 years, TIAA has delivered it for millions of people. Founded to help educators retire with dignity, today the company is a market‑leading retirement firm fueled by world‑class asset management. TIAA’s culture of impact is guided by the values Champion Our People, Be Client Obsessed, Lead with Integrity, Own It, and Win As One. The collaborative, in‑office environment encourages cross‑functional teamwork, innovation, and meaningful results, blending TIAA and Nuveen’s entrepreneurial spirit to create lasting impact for clients and associates alike.