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 resultsManage, 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/reformsManage and automate investment monitoring and reporting tools and systems, including investment limits based on liquidity, credit risk, capital at risk, and regulatory compliance reportingPartner with the Investments team to enhance portfolio monitoring and guide strategic decision-makingLiaise 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 reportingLiaise 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 projectsWork collaboratively with other personnel in the Risk department, supporting the expansion of the risk functionSupport 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 enterpriseSupport new reinsurance due diligence, establish/negotiate investment guideline, and operationalize process for monitoringWork closely with Investment Portfolio Analytics and external asset managers to report on portfolio metrics, provide analytical insights, and identify emerging risksEvaluate best practice credit risk modelingAssist with any ad-hoc analytical requestsExperience and Education Requirements
Bachelor's degree in mathematics, economics, investments or related field.7 years of investment risk management experience or investment-related experienceCFA, ASA, FRM and/or MFE designation preferredExperience with asset modeling, monitoring, and analytics preferredKnowledge, 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 platformsEffective verbal and written communication skillsSuperior analytical and problem-solving skillsTeam player who is comfortable working in a dynamic, entrepreneurial environmentStrong capabilities with Bloomberg, Aladdin or similar modeling and investment systemsDemonstrated proficiency of Python through work projectsKnowledge of cloud technologies such as Snowflake, AWS, Azure and GCPOther 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 InformationWork 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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