Jackson National Life Insurance Co - Lansing, MI
posted 2 days ago
About the position
The Sr. Financial Risk Analyst contributes to the Risk function's oversight of risk management activities through modeling and analysis of risk exposures at Jackson. This role is essential in supporting capital and liquidity management processes and involves leading the monthly production of stochastic economic scenario generation and risk limit calculations. The analyst will assist in the development and use of quantitative models and analytical tools to assess risk to capital and liquidity positions, including understanding the impact of hedging activity on the risk profile. Additionally, the role supports model risk management efforts, including validations and control reviews of actuarial/financial models, and produces key risk reports and management information to inform Risk leadership and senior management on various risks confronting Jackson. Continuous improvement is a key focus, enhancing the quality of models and analysis while reducing production time through advanced techniques such as machine learning and high-performance computing. The analyst will also provide analytical support for model calibration and maintain effective relationships across various functions within the organization to strengthen cross-discipline risk management.
Responsibilities
- Leads the monthly production of stochastic economic scenario generation and risk limit calculations to support capital and liquidity management processes.
- Assists in the development and use of quantitative models and analytical tools to assess risk to capital and liquidity positions.
- Supports model risk management efforts, including validations and control reviews of actuarial/financial models.
- Produces key risk reports and management information to inform Risk leadership and senior management on various risks.
- Drives continuous improvement to enhance the quality of models and analysis produced by the Risk function.
- Provides analytical support for the calibration of models used to assess risk exposure.
- Develops and maintains effective relationships within the Risk function and with other functions at Jackson.
Requirements
- Bachelor's Degree in a quantitative discipline, such as Finance, Actuarial Science, Economics or Mathematics required.
- 3+ years of experience required.
- Knowledge of annuity product pricing and ALM techniques, and financial risk exposures facing annuity writers.
- Knowledge of the financial derivatives used to hedge annuity risk exposures.
- Knowledge in the design, development, operation and testing of quantitative models, especially models of financial derivatives/guarantees.
- Demonstrated proficiency using Microsoft Excel.
- Ability to program in C and/or Python.
- Strong analytical, problem solving skills and detail orientation.
Nice-to-haves
- Experience in a risk management role in diversified life and annuity/financial services company or related consulting services organization preferred.
- Progress towards professional designation in related risk management, actuarial or investment management (such as PRM, FSA, CFA, CERA) area or a Master's degree in quantitative discipline is preferred.
- Familiarity with data analysis and statistical software such as SAS, R or MATLAB is desired.
- Strong verbal and written communication skills, especially when articulating technical concepts.
