Investment Risk Manager

At Equitable, our power is in our people.

We're individuals from different cultures and backgrounds. Those differences make us stronger as a team and a force for good in our communities. Here, you'll work with dynamic individuals, build your skills, and unleash new ways of working and thinking. Are you ready to join an organization that will help unlock your potential?

We are seeking an investment risk management professional, that can play a pivotal role by driving the development of risk analytics and insights that assist in prudent risk-taking and portfolio construction for our General Account investment portfolio to protect the firm and ensure that risk-taking is efficient and deliberate. You will work to design risk frameworks that impact the construction of an investment approach that seeks to allocate across a broad set of credit assets to deliver superior investment outcomes. You will possess strong quantitative skills, be an effective communicator, demonstrate an effective work ethic and a collaborative engagement style. You will report to the Head of Investment and Credit Risk.

The Investment Risk Manager role will offer the opportunity to:

• Perform risk oversight of all material General Account investment management activities undertaken by the Investment Team and reinsurance treaties
• Deliver risk management opinion and insightful quantitative analysis targeted to review investment proposals
• Refine our credit stress testing and limit framework, deepen understanding of risk management theory and its applications to the investment portfolio
• Execute "special projects" that involve designing new ways to analyze risks in the investment portfolio
• Understand the risk/return dynamics within insurance-favored universe of assets (public/private credit and alternatives)
• Engage on select regulatory advocacy efforts related to investment risk
• Gain exposure to strategic leaders within Finance

Responsibilities include, but are not limited to:

• Prepare and effectively communicate comprehensive reporting that includes material credit risks, stress scenarios and performance attribution to the Investment Asset and Liability Committee
• Participate to continuously refine the credit stress testing capabilities to assess the loss potential on the General Account investment portfolio
• Collaborate with the Investment team to help enhance risk frameworks, by defining and monitoring risk limits at the portfolio and strategy level, and ensure that the GA portfolio conform to risk parameters
• Contribute to the development of risk management methodologies, tools and analytics, stress testing, economic model and portfolio construction
• Communicate, both in writing and verbally, investment risk matters to the Senior Leadership Team
• Present our risk management philosophy, processes and capabilities to key stakeholders, translating complex financial topics into comprehensible insights
• As a key member of the Investment and Credit Risk team, represent the team and engage in a number of committees on the team's behalf
• Partner with other members of the Risk Measurement department to continue to strengthen further our risk analytics

In Office Schedule: This role will be working in the NYC office a minimum of 2-3 days per week.

The base salary range for this position is $120,000 - $153,000. Actual base salaries vary based on skills, experience, and geographical location. In addition to base pay, Equitable provides compensation to reward performance with base salary increases, spot bonuses, and short-term incentive compensation opportunities. Eligibility for these programs depends on level and functional area of responsibility.

For eligible employees, Equitable provides a full range of benefits. This includes medical, dental, vision, a 401(k) plan, and paid time off. For detailed descriptions of these benefits, please reference the link below.

Equitable Pay and Benefits: Equitable Total Rewards Program

Qualifications

Required Qualifications:

• Degree in a technical or quantitative discipline, like statistics, mathematics, actuarial, physics, financial engineering and/or computer science - all levels welcome, from bachelor's to doctorate
• Experience with credit risk models in multiple asset classes using security level data, with an understanding of how to integrate risk across them in statistical and/or scenario-based analysis
• Established knowledge of financial mathematics, actuarial science, and programming languages
• Depth of technical skills to perform "special projects" in a fast-paced environment
• Ability to think independently and work cooperatively with other team members
• A commitment to the highest ethical standards and to act with professionalism and integrity
• Proven accountability, high integrity, diligent and self-starter work ethic

Preferred Qualifications:

• 5 years of experience in a quantitative risk role at a multi credit asset class firm with buy and hold portfolio experience, ideally a Life insurance company
• In-depth understanding of investments including public & private credit, securitized products, and alternatives as well as investment strategies
• CFA and/or ASA/FSA-track or analogous technical experience sufficient to understand investment risk management principles and practices
• The ability to work with portfolio managers to design risk analytics that best identify and inform risks inherent in our General Account investment portfolio
• Experience with BlackRock risk system, structured credit cash flow models (e.g. Intex) and other statistical software

Skills

Investment Credit Risk: Knowledge of processes, tools, and techniques used to determine the degree of credit risk for a range of asset classes; ability to assess, rate and manage investment exposure to credit risk.

Investment Risk Management Policies and Procedures: Knowledge of investment risk management policies and procedures; ability to create, implement, evaluate, and enhance investment risk management policies and procedures.

Statistics and Quantitative Risk Models: Knowledge of statistical and quantitative risk models and techniques; ability to apply modeling processes and techniques to facilitate risk management decisions.

Programming: Knowledge of relevant programming languages and tools; ability to test, write, design, debug, troubleshoot and maintain source codes and computer programs.

Effective Communications: Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.

Results Orientation: Knowledge of the importance of meeting or exceeding established targets; ability to drive critical activities to completion.

Diversity, Equity and Inclusion: Demonstrates a commitment to Diversity, Equity and Inclusion by treating everyone with respect and dignity, ensuring all voices are heard and advocating for change.

ABOUT EQUITABLE

At Equitable, we're a team of over ten thousand strong; committed to helping our clients secure their financial well-being so that they can pursue long and fulfilling lives.

We turn challenges into opportunities by thinking, working, and leading differently - where everyone is a leader. We encourage every employee to leverage their unique talents to become a force for good at Equitable and in their local communities.

We are continuously investing in our people by offering growth, internal mobility, comprehensive compensation and benefits to support overall well-being, flexibility, and a culture of collaboration and teamwork.

We are looking for talented, dedicated, purposeful people who want to make an impact. Join Equitable and pursue a career with purpose.

Equitable is committed to providing equal employment opportunities to our employees, applicants and candidates based on individual qualifications, without regard to race, color, religion, gender, gender identity and expression, age, national origin, mental or physical disabilities, sexual orientation, veteran status, genetic information or any other class protected by federal, state and local laws.

NOTE: Equitable participates in the E-Verify program.

If reasonable accommodation is needed to participate in the job application or interview process or to perform the essential job functions of this position, please contact Human Resources at (212) 314-2211 or email us at TalentAcquisition@equitable.com.

#LI-Hybrid