Sr Director, Asset Liability Management

About the role

Lead a multi-disciplinary asset-liability management team to apply advanced quantitative, actuarial, financial, and technical expertise. Oversee the design, development, and maintenance of models, tools, and analytical frameworks to value investments, project asset and liability behavior, and evaluate financial performance and risks across a wide range of economic and market environments. Translate insights into investment, hedging, and product design strategies that optimize financial outcomes and strengthen decision-making for clients and the enterprise.

Responsibilities

• Define asset liability management (ALM) risk and performance metrics such as economic capital, effective duration gap, risk-adjusted return, etc. and propose strategies for improving asset-liability performance.
• Lead stress testing and optimization and report to senior leadership and governance committees.
• Own interest-rate risk for the enterprise balance sheet, recommending asset and liability strategies to manage and hedge interest rate and other financial risks, reviewing rating-agency treatment and capital requirements, and providing subject-matter expertise across the organization under relevant regulatory regimes.
• Collaborate with senior management to define ALM and modeling strategies that support growth, financial performance, and risk-management goals.
• Apply advanced actuarial, analytical, and quantitative skills, leveraging the latest technologies and artificial intelligence (AI) capabilities to develop investment, risk, and product strategies to enhance financial outcomes and achieve ALM goals.
• Work with various teams to devise and test investment allocations and target portfolio compositions for new initiatives and products.
• Incorporate and lead implementation of AI initiatives to improve efficiencies and sophistication of ALM analytics and financial performance.
• Oversee model performance monitoring and reporting, leading discussions with Model Risk Management, Internal Audit, regulators, and rating agencies.
• Manage liability crediting optimization efforts, providing ALM expertise for enterprise strategic initiatives and producing and presenting financial analyses and recommendations to executive leadership for key decision-making.
• Manage performance of team through regular, timely feedback as well as the formal performance review process to ensure engagement, development of team members, and delivery of exceptional results.

Requirements

• 8+ years of asset-liability management, financial engineering, investment management, actuarial, modeling and/or other quantitative experience.
• University degree (advanced degree in quantitative field preferred).

Preferred Qualifications

• 10+ years of asset-liability management, financial engineering, investment management, actuarial, modeling and/or other quantitative experience.
• 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 skills.
• Excellent problem solving and analytical skills, detail-oriented, independent and creative thinking, time management and organizational skills.
• FSA and/or CFA.
• Annuity, Pension or other insurance product experience.
• Experience with stress testing, economic capital and asset strategies.
• Experience with capital markets, various asset classes and economic scenario generation.
• Experience with reinsurance.
• Experience with internal audit and other regulatory reviews.

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

Pay

Base Pay Range: $201,000/yr - $341,000/yr. Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include participation in an incentive program linked to performance.

Benefits

The organization offers a comprehensive Total Rewards package designed to make a positive difference in the lives of associates and their loved ones. Benefits include a superior retirement program and highly competitive health, wellness, and work life offerings that can help achieve and maintain physical, emotional, and financial well-being.

About the company

For more than 100 years, TIAA has delivered secure retirement solutions for millions of people. Founded to help educators retire with dignity, today TIAA is a market-leading retirement company fueled by world-class asset management. The company is committed to fighting for a more secure financial future for all and evolving to meet tomorrow's challenges.

TIAA is guided by values: Champion Our People, Be Client Obsessed, Lead with Integrity, Own It, and Win As One. The workplace fosters collaboration and innovation, bringing together TIAA and Nuveen's entrepreneurial spirit to create lasting impact. Every associate can grow through meaningful learning experiences and development pathways.