About the role

Aplyr's Quick Take

This role is about managing investment and credit risk modeling, overseeing data inputs, and enhancing reporting processes. It's a managerial position that involves collaboration with various teams and external asset managers to refine risk monitoring methodologies and investment policies.

Good fit

Ideal candidates have a strong background in investment risk management, with several years of experience in a similar role. A collaborative working style and ability to navigate complex financial environments will help someone thrive here.

Worth noting

The role involves significant interaction with external asset managers and requires a proactive approach to adapting to regulatory changes. It's also focused on modernizing reporting tools, which could indicate a forward-thinking environment.

Job Summary

The Manager, Investment Risk will manage key aspects of investment risk and credit risk modeling, including oversight and approval of data inputs and assumptions, investment analytics and reporting, establishing investment policy through risk appetite analysis. This role will also be responsible for developing and implementing enhancements to the reporting process, as well as refining methodologies for risk monitoring.

This position reports to the Director, Financial & Investment Risk. This position will work with other members of the Risk team and other functional areas within the Company, including Investments, Finance, Legal, IT, and key members of external asset managers serving the Company.

Duties and Responsibilities

Manage expansion, enhancement and ongoing maintenance of asset models focused on credit risk and capital implications, including validation and approval of inputs and assumptions, analysis and reporting of credit risk analytics and results, and driving decision making from the model results
Manage, enhance, and validate investments governance and documentation, including investment guidelines, and investment policies and limits, to reflect changing macro variables, changing company structure, reinsurance arrangements, regulatory updates and industry changes/reforms
Manage and automate investment monitoring and reporting tools and systems, including investment limits based on liquidity, credit risk, capital at risk, and regulatory compliance reporting
Partner with the Investments team to enhance portfolio monitoring and guide strategic decision-making
Liaise with external asset managers to provide timely regular updates to reporting and analytics, scenario modeling, and data needs for improved and timely support of credit loss models and compliance reporting
Liaise with partners in Finance and Actuarial to support platform modernization projects to best leverage the platforms for investment analytics, monitoring and compliance reporting, to help drive improvements to asset and ALM modeling, and to provide guidance and support for the successful completion of the modernization projects
Work collaboratively with other personnel in the Risk department, supporting the expansion of the risk function
Support efforts to grow distribution, helping to provide input to risk governance and feedback to the launch of new products and distribution channels.
Promote risk informed decision making across the enterprise
Support new reinsurance due diligence, establish/negotiate investment guideline, and operationalize process for monitoring
Work closely with Investment Portfolio Analytics and external asset managers to report on portfolio metrics, provide analytical insights, and identify emerging risks
Evaluate best practice credit risk modeling
Assist with any ad-hoc analytical requests

Experience and Education Requirements

Bachelor’s degree in mathematics, economics, investments or related field.
7 years of investment risk management experience or investment-related experience
CFA, ASA, FRM and/or MFE designation preferred
Experience with asset modeling, monitoring, and analytics preferred

Knowledge, Skills & Abilities

Strong capabilities in MS Excel, familiarity with MS Access & SQL, and demonstrated capability to learn to work with modeling and analytic platforms such as Bloomberg, Aladdin and risk or ALM modeling platforms
Effective verbal and written communication skills
Superior analytical and problem-solving skills
Team player who is comfortable working in a dynamic, entrepreneurial environment
Strong capabilities with Bloomberg, Aladdin or similar modeling and investment systems
Demonstrated proficiency of Python through work projects
Knowledge of cloud technologies such as Snowflake, AWS, Azure and GCP

Other Requirements

Perform other functions, duties and projects, as assigned.
Regular and punctual attendance.
Some travel may be required (less than 10%).

#IND-HP

#LI-MK1

#LI-Remote.

Additional Information

Work Environments

F&G believes in an employee-centric flexible environment, which is why we offer the ability for in-office, hybrid and remote work arrangements. During the hiring process, you'll work with your leader to decide what works best for your role.

F&G complies with federal and state disability laws and makes reasonable accommodations for applicants and candidates with disabilities, unless such accommodation would cause an undue hardship for F&G. If reasonable accommodation is needed to participate in the job application or interview process, please contact talentacquisition@fglife.com.

Join our employee-centric hybrid work environment: F&G Careers

About F&G

Since 1959, Fidelity & Guaranty Life Insurance Company (F&G) has offered annuity and life insurance products to those who are seeking security in retirement and protection during life’s unexpected events.

As a national Top Workplace¹, an Iowa Top Workplace² and a proud equal opportunity employer, F&G team members are empowered, collaborative, dynamic and authentic. We believe that by embracing these values, we will continue to build and strengthen the company while continuing to be a great place to work.

¹Top Workplaces USA 2022 – 2023

²Des Moines Register Top Workplaces 2018 – 2022

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Skills & Tags

python go aws gcp azure ai data analytics

Aplyr's read

Fidelity & Guaranty Life focuses on life insurance and annuities, attracting professionals in finance, actuarial science, and risk management.
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