Head of Asset Liability Management

Company:  New York Life
Location: New York
Closing Date: 05/11/2024
Hours: Full Time
Type: Permanent
Job Requirements / Description

Location Designation: ((cust_rolelocationdesignation))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 RESPONSIBILITIESThis 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 objectivesPartner with actuary modeling leadership team to ensure that models will continue to accurately represent product liabilities across various economic scenariosPartner with OCIO to oversee investment policies and strategic asset allocation for each businessCoordinate 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 flowsEngage with risk professionals to ensure compliance with risk limitsProvide finance teams, business and corporate partners with investment income projections and attributionWork with modeling teams to ensure we have relevant and accurate information for decision-makingPROFESSIONAL EXPERIENCE & QUALIFICATIONSBroad knowledge and firm understanding of insurance productsStrong leadership capabilities balanced with a solid technical investment knowledgeEnhanced problem-solving and analytical abilities, and familiarity with investment strategies and conceptsExcellent quantitative capabilities and ability to effectively communicate complex quantitative conceptsFluency 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 stakeholdersFact-based problem-solving skills. Ability to generate sound business recommendations in alignment with New York Life’s core valuesAction-oriented with the ability to drive resolution in a timely, proactive manager with strong follow-through and the ability to focus on end resultsAbility to inspire and motivate others to performContinuous improvement and quality mindset, demonstration of accuracy and thoroughness in a work output and decision-makingBachelor’s degree (preferably in finance or business); MBA and/or CFA preferredSalary range: ((cust_salaryRangePosting))Overtime eligible: ((customString6))Discretionary bonus eligible: ((cust_merit))Sales bonus eligible: ((stockPackage))Click here to learn more about ourbenefits ( . 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 visitLinkedIn ( , ourNewsroom ( and theCareers ( page of .Job Requisition ID: ((id))

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