VP, Product Risk Individual Markets Job at Global Atlantic Financial Group
All offices are currently open, and our employees are back 4 or 5 days a week in Hudson Yards, NY and 3 days a week in all other offices. If you have questions on this policy or the application process, please contact recruiting@gafg.com.
COMPANY OVERVIEW
Global Atlantic Financial Group is a leader in the U.S. life insurance and annuity industry, serving the needs of individuals and institutions. Global Atlantic is a majority-owned subsidiary of KKR, a leading global investment firm that offers alternative asset management across multiple strategies and capital markets solutions.
Global Atlantic is looking for a diverse team of talented individuals who reinforce our culture of collaboration and innovation. We are dedicated to the career development of our people because we know they are critical to our long-term success. Join our team and come grow with us.
We use Greenhouse as our scheduling tool and communicate through their systems. At times, your email may block our communications. Please be sure to check your SPAM so that you do not miss critical information about our process, including scheduling.
The VP, Risk Individual Markets contributes to the independent Risk function by providing effective oversight of financial, insurance and model risk management across our Individual Markets organization. Reporting to the SVP of Risk, this position will work to understand, measure, monitor and report risk exposures and bring strong experience in annuity asset/liability modeling and management, market risk analysis and model risk management experience to the team.
Responsibilities
- Performs financial, model, and insurance risk oversight, with potential coverage of the following risks: interest rate, model, product/pricing, policyholder behavior.
- Performs validations and control reviews of actuarial/financial models, including assessments of the methodologies and assumptions used within models.
- Provides effective review, challenge, and recommendations for enhancement of the Risk Appetite and Limits structure and calibration of stresses used to assess risk exposure.
- Contributes to and/or leads the design, analysis, and implementation of the Stress and Scenario Testing/Reverse Stress Testing process and provides risk insight from the results.
- Assists in the development and use of quantitative models and analytical tools that enable the Risk function to provide constructive challenge to the current risk management, modeling, and pricing practices used across our Individual Markets business.
- Develops and maintains effective relationships with other functions (ALM, Treasury, Finance, Actuarial, Audit, Compliance, etc.), to facilitate a holistic view of risk across the Individual Markets organization and to strengthen cross-disciplined risk management.
- Contributes to the development of formal Risk Opinions that are provided to the Board and/or Board committees regarding major business decisions.
- Leads people effectively, as needed, by fostering a positive working relationship that brings out the best in others.
Qualifications
- Bachelor's Degree in a quantitative discipline required.
- Master's Degree in a related field preferred.
- 10+ years in a diversified life and annuity/financial or actuarial consulting firm very strongly preferred.
- Professional designation in financial risk management, such as FSA or CFA preferred.
- Strong verbal and written communication skills, especially when articulating technical concepts in a compelling manner to engage both technical and non-technical audiences.
- Ability to independently lead workstreams from concept to implementation.
- Demonstrated experience in quantifying and managing the risk embedded in annuity products.
- Demonstrated experience in the design, use, and testing of quantitative financial models; significant experience using MG-ALFA preferred.
- Deep understanding of risk management principles, processes, and practices.
- Knowledge of derivative instruments and their use in hedging annuity risk.
- Able to quickly build and maintain effective relationships with stakeholders across business functions and teams.
Global Atlantic's base salary range is determined through an analysis of similar positions in the external labor market. Base pay is just one component of Global Atlantic's total compensation package for employees and at times we hire outside the boundaries of the salary range. Other rewards may include annual cash bonuses, long-term incentives (equity), generous benefits (including immediate vesting on employee contributions to a 401(k)), as well as a company match on your contributions), and sales incentives. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Compensation for our more senior positions have a larger component of short-term cash bonus and long-term incentives. The base salary range for this role is $165,904 to $316,008.
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TOTAL REWARDS STATEMENT
Global Atlantic's total rewards package is reflective of our corporate values, particularly diversity, excellence and innovation, with a focus on inclusion, pay equity, and flexibility. We are proud to support your personal and professional growth and well-being through programs such as educational assistance, virtual physical therapy, remote/onsite fitness reimbursement, a medical second opinion program, pet insurance, military leave, parental leave, adoption assistance, fertility and family planning coverage. We strive to foster a culture of total well-being through community outreach and charitable giving programs.
We are active in our communities-
- New York: Red Hook Conservancy, Girls Who Invest and The Bowery Mission
- Boston: Cradles to Crayons, Project Bread, Let's Get Ready, Rise Against Hunger, Salvation Army and many other local volunteer organizations in around the Boston area
- Hartford: Habitat for Humanity, Foodshare, Humane Society, Hands on Hartford, Mercy Shelter and Dog Star Rescue
- Indianapolis: Elevate Indianapolis, Gleaners Food Bank and the Juvenile Diabetes Research Foundation
- Batesville: American Cancer Society Relay for Life, Angels of Giving, Margaret Mary Health Foundation, Ripley County Community Foundation, Safe Passage, Batesville High School Sponsorships, local area youth sports and food pantries, as well as many others
- Des Moines: United Way, Central Iowa Shelter & Services, Junior Achievement of Central Iowa and Make a Wish Foundation
- Berwyn: Food drive and will be planning an event to help a local family over the holidays
- Atlanta: Packaged Good Organization, which helps the most vulnerable community members with providing personalized care packages for people in need including the elderly, our armed forces, the homeless and hospitalized kids
- Bermuda: Sponsor of a weekly feeding program operated by The Hamilton Seventh-Day Adventist Church
Social platforms provide an environment to collaborate with others and participate in friendly competitions towards achieving physical, emotional and financial well-being. Our highly competitive health, retirement, life and disability plans can be tailored to best suit your needs and those of your whole family.
Global Atlantic is committed to creating an inclusive environment where everyone can meaningfully contribute to our success. We are proud to be an equal opportunity employer and we do not discriminate in employment on any basis that is prohibited by federal, state or local laws. More than that, we strive to be inclusive of all backgrounds and experiences, which we feel gives us a competitive advantage in the market and within our firm. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, disability, age, or veteran status.
Employees who require an accommodation to perform the essential functions of their job will participate in an interactive process which may include providing documentation. If you are hired and require an accommodation for any protected status, please email benefits@gafg.com.
Please click on the links below to learn more about Global Atlantic.
Global Atlantic Financial Company Employee Candidate Privacy Notice
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