Head of Asset Liability Management

Location Designation : Hybrid - 3 days per week

When you join New York Life, you’re joining a company that values career development, collaboration, innovation, and inclusiveness.

We want employees to feel proud about being part of a company that is committed to doing the right thing. You’ll have the opportunity to grow your career while developing personally and professionally through various resources and programs.

New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.

KEY RESPONSIBILITIES

This position leads the Asset Liability Management (ALM) organization of actuarial, quantitative analyst finance and ALM professionals, reporting to the Treasurer of New York Life.

The Head of ALM will partner closely with business leaders and the Chief Investment Officer organization (OCIO) to effectively manage the General Account asset liability profile of the Company.

In addition, the team supports business unit pricing and product teams, and ensures effective management of interest rate risk through portfolio investments and hedging instruments.

The position requires a strong background in investment management, excellent effective partnership and communication skills, quantitative capabilities, and project management expertise to implement complex financial solutions.

This managerial position is consultative, strategic as well as tactical, and requires hands-on leadership.

Additional responsibilities include :

• Engage with business leaders, finance partners and investment professionals to ensure internal organizations are all aligned in driving ALM strategies to meet business objectives
• Partner with actuary modeling leadership team to ensure that models will continue to accurately represent product liabilities across various economic scenarios
• Partner with OCIO to oversee investment policies and strategic asset allocation for each business
• Coordinate with Treasury and investment professionals to ensure appropriate levels of liquidity and cash are maintained after working with sales and actuarial teams to assess expected operating cash flows
• Engage with risk professionals to ensure compliance with risk limits
• Provide finance teams, business and corporate partners with investment income projections and attribution
• Work with modeling teams to ensure we have relevant and accurate information for decision-making

PROFESSIONAL EXPERIENCE & QUALIFICATIONS

• Broad knowledge and firm understanding of insurance products
• Strong leadership capabilities balanced with a solid technical investment knowledge
• Enhanced problem-solving and analytical abilities, and familiarity with investment strategies and concepts
• Excellent quantitative capabilities and ability to effectively communicate complex quantitative concepts
• Fluency in insurance general account investing, including a deep understanding for their unique and complex needs, risk appetite and buying behavior.
• Ability to navigate and work effectively in a large, matrixed organization with multiple decision-makers and stakeholders
• Fact-based problem-solving skills. Ability to generate sound business recommendations in alignment with New York Life’s core values
• Action-oriented with the ability to drive resolution in a timely, proactive manager with strong follow-through and the ability to focus on end results
• Ability to inspire and motivate others to perform
• Continuous improvement and quality mindset, demonstration of accuracy and thoroughness in a work output and decision-making
• Bachelor’s degree (preferably in finance or business); MBA and / or CFA preferred

Salary range : $250,000-$300,000

Overtime eligible : Exempt

Discretionary bonus eligible : Yes

Sales bonus eligible : No

Click here to learn more about our benefits . Starting salary is dependent upon several factors including previous work experience, specific industry experience, and / or skills required.

Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation .

We're proud that due to our mutuality, we operate in the best interests of our policy owners. We invite you to bring your talents to New York Life, so we can continue to help families and businesses Be Good At Life.

To learn more, please visit LinkedIn , our Newsroom and the Careers page of www.NewYorkLife.com .

Job Requisition ID : 90618