Description and Requirements
Duties : Play key role in the development of specific ALM strategies or playbooks and provide guidance to ALM working groups in updating playbooks and formulating ALM strategies. Evaluate hedging strategies and initiatives, including balancing tradeoffs across different accounting regimes covering economic, statutory, GAAP, and embedded value. Assist with risk evaluation of business plan. Oversee replicating portfolio (RP) development, including: running RP working group, ownership of RP models and process, evaluation of RP performance and investigation of issues, and oversight and guidance of senior market risk analysts in RP development. Lead project to develop new methodology for building RPs utilizing cashflow matching.
Requirements : Bachelor's degree in mathematics, Statistics, Actuarial Science or Finance (willing to accept foreign education equivalent) plus seven (7) years of experience performing quantitative risk management or ALM. Specific skills/other requirements (quantitative experience requirement not applicable to this section) -- must possess the following: Building complex Excel models for pricing, valuation, stress testing, and actuarial liability; analyzing quantitative risk measurement, economic capital, or ALM; applying principles of statistics and predictive modeling concepts and techniques to develop new methodology; and coding using Python, R, C++, or VBA. Must hold Fellow of the Society of Actuaries Certificate. Hybrid - 3 days in office/2 days remote within commutable distance to NYC or Whippany, NJ.
The wage range for applicants for this position is $ 192,500.00 to $ 257,900.00 . This role is also eligible for annual short-term incentive compensation. MetLife offers a comprehensive benefits program, including healthcare benefits, life insurance, retirement benefits, parental leave, legal plan services and paid time off. All incentives and benefits are subject to the applicable plan terms.
At MetLife, we're leading the global transformation of an industry we've long defined. United in purpose, diverse in perspective, we're dedicated to make a difference in the lives of our customers.
#LI-DNI
Benefits We Offer
Our U.S. benefits address holistic well-being with programs for physical and mental health, financial wellness, and support for families. We offer a comprehensive health plan that includes medical/prescription drug and vision, dental insurance, and no-cost short- and long-term disability. We also provide company-paid life insurance and legal services, a retirement pension funded entirely by MetLife and 401(k) with employer matching, group discounts on voluntary insurance products including auto and home, pet, critical illness, hospital indemnity, and accident insurance, as well as Employee Assistance Program (EAP) and digital mental health programs, parental leave, volunteer time off, tuition assistance and much more!
About MetLife
Recognized on Fortune magazine's list of the 2023 "World's Most Admired Companies" as well as the 2023 Fortune 100 Best Companies to Work For ®, MetLife , through its subsidiaries and affiliates, is one of the world's leading financial services companies; providing insurance, annuities, employee benefits and asset management to individual and institutional customers. With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East.
Our purpose is simple - to help our colleagues, customers, communities, and the world at large create a more confident future. United by purpose and guided by empathy, we're inspired to transform the next century in financial services. At MetLife, it's #AllTogetherPossible . Join us!
Equal Employment Opportunity/Disability/Veterans
If you need an accommodation due to a disability, please email us at [email protected]. This information will be held in confidence and used only to determine an appropriate accommodation for the application process.
MetLife maintains a drug-free workplace.
#BI-Hybrid