EOE M/F/D/V Add your resume and apply to jobs with your Glassdoor profile. Create Profile. Job. A career at New York Life offers many opportunities. To be part of a growing and successful business. To reach your full potential, whatever your specialty. Above all, to make a difference in the world by helping people achieve financial security. It's a career journey you can be proud of, and you'll find plenty of support along the way. Our development programs range from skill-building to management training, and we value our diverse and inclusive workplace where all voices can be heard. 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 service, supported by our Foundation. It all adds up to a rewarding career at a company where doing right by our customers is part of who we are, as a mutual company without outside shareholders. 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.. Financial Risk Management (FRM), within the Office of Risk Management & Chief Actuary (ORMCA) is responsible for management, monitoring, reporting and oversight of financial risk on an enterprise level.. The Financial Risk Management Solutions (FRMS) team within FRM performs enterprise level financial risk modeling, analyses and reporting. In addition to performing strategic risk assessments and analysis for senior management to aid in decision support, the team engages heavily in R&D to ensure the implementation of industry leading financial risk management practices at NYL.. This role offers interested candidates the opportunity to learn both traditional and innovative quantitative enterprise risk management methods. If you want to work on challenges and solutions that dominate leading-edge enterprise risk management discussion today, and develop skills that will be invaluable tomorrow, this may be the role for you.. Responsibilities:. Responsibilities for this position include coverage of assets and liabilities and the dynamic modeling of both. A sample of the projects the role encompasses, but is not limited to, is as follows:. Stochastic Required Capital - Enterprise Level, Line of Business and Pension Plan. Stochastic @ Risk measures related to Surplus, Embedded Value, and Dividend Availability. Proxy modeling, Least Square Monte Carlo, Clustering Modeling and other efficiency optimization techniques. The FRMS team also maintains and continuously improves financial risk measurement, assessment and management capabilities by:. Monitoring risk mitigation and hedging programs for financial risks including interest rate, equity market, credit, capital and mortality / longevity. Determining and monitoring key risk metrics, indicators and trends. Development and implementation of new financial risk measures. Working collaboratively with Business Unit Financial Planning & Analysis, Product Development and Pricing Teams is support of enterprise level risk measures. Post-graduate degree in a quantitative discipline such as math, physics, statistics or financial engineering. FSA, MAAA and / or knowledge of actuarial ALM modeling techniques and insurance products. Experience working in risk areas including finance, treasury and/or regulation. Working knowledge of MATLAB, Python and C++. An energetic team player with a strong sense of ownership and accountability. Strong leadership, interpersonal and relationship management skills. Ability to organize complex processes, handle multiple tasks, and deal with shifting priorities, all within demanding time schedules.. Ability to \"think outside of the box\". If you have difficulty using or interacting with any portions of this Web site due to incompatibility with an Assistive Technology, if you need the information in an alternative format, or if you have suggestions on how we can make this site more accessible, please contact us at: (212) ###-####. Associated topics: actuarial, actuarial analyst, actuarial consultant, actuary, actuary consultant, director actuary, mathmatics, model, probability, statistics
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