The Director, Financial & Investment Risk is accountable to ensure alignment to the Company’s risk appetite, regulatory requirements, as well as business objectives. As part of the 2nd Line of Defense this position will work within the broader ERM group to advance the risk management practice through staying informed of industry trends and advance analytics. The position will be This position will interact with stakeholders from many functions, including but not limited to Finance, Investments, Retail/Institutional, Corporate Actuarial, and Audit.
The Director, Financial & Investment Risk will report to the VP, Financial & Investment Risk and will establish partnership throughout the organization to provide a risk lens to Finance and Investment initiatives.
Duties and Responsibilities
- Manage, assess, mitigate and monitor Financial & Investment risk across the Company in collaboration with Finance and Investments team
- Support the decision making process for product rate actions and product development to ensure risks are identified and considered
- Consult and collaborate with risk owners to reaffirm/identify/assess/monitor Key Risk Indicators
- Enhance stress testing and economic capital framework through collaboration with actuarial ALM team
- Support M&A and reinsurance efforts through scenario analysis and thought leadership
- Enhance and reduce risk on the multi-year planning process through stress testing, gap analysis, and controls through partnership with FP&A
- Partner with Investments on asset portfolio optimization and hedging needs to ensure compliance with investment guidelines/limits and risk tolerances
- Unlock the value of big data (i.e. Bloomberg, Aladdin, and CapIQ) and provide additional insights to the Company to support risk aware decision making
- Work closely with Investment Portfolio Analytics and external asset managers to report on portfolio metrics, provide analytical insights, and identify emerging risks
- Support the creation of presentation materials for internal committees
- Evaluate best practice risk modeling, credit modeling, and stress testing frameworks
- Produce ad-hoc analytics as requested
Experience and Education Requirements
- Bachelor’s degree in finance, economics, actuarial science, or related field
- Minimum of 8 years of experience with a minimum of 5 years of experience in risk management, actuarial, investments, and/or finance within a life insurance company
- CFA, FRM, and/or actuarial designation preferred
- Experience with life/annuity liabilities
- Experience with complex investment portfolios
- Understanding of STAT and GAAP accounting and reserving
- Understanding of life insurance regulatory requirements (NAIC, BMA, CIMA)
Knowledge, Skills and Abilities
- Strong knowledge of investment and financial risk management
- Demonstrated experience in risk modeling, stress testing, and scenario analysis
- Ability to increase model efficiencies through process optimization
- Ability to manage competing priorities
- Ability to influence at all levels across the organization
- Experience implementing/establishing controlled processes
- Experience in model risk management a plus
- Proficient knowledge of actuarial modeling software
- Proficient knowledge of software used for investment and financial analysis such as Bloomberg, Aladdin, FactSet, and Capital IQ
- Proven ability to quickly learn and take ownership of internal processes
- Excellent interpersonal, written, and oral communication skills
- Pragmatic and able to pivot as needed, team player who is comfortable working in a dynamic and fast paced entrepreneurial environment
Other Requirements
- Perform other functions, duties and projects as assigned
- Regular and punctual attendance
- Minimal travel required (less than 10%)
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Additional Information
Work 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 [email protected].
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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