Leader - Model Development - Brighthouse Financial

  • Company: MetLife
  • Location: Charlotte, North Carolina
  • Posted: December 09, 2016
  • Reference ID: 33001-en_US

Reporting to the Head of Variable Annuity ALM, this position is primarily responsible for leading the model development efforts supporting Brighthouse Financial. The individual will oversee the development and maintenance of the liability hedging model, including identifying, implementing, and documenting ongoing enhancements. In addition, he or she will perform periodic code review and benchmark, scenario, and stress test models and communicate results to internal and external stakeholders.

Key Relationships:
Reports to: Head of Variable Annuity ALM
Direct Reports: 2 - 3 direct reports
Other Key Stakeholders: The Head of Variable Annuity ALM, Treasurer, Senior Management, Lines of Business, and Underwriting, Auditors

Location: Charlotte, NC or Convent Station, NJ

Key Responsibilities:
• Oversee ALM model(s), including development, maintenance, and execution of the ALM and asset projection models, as well as regular reporting to the model risk working group
• Work closely with the Quantitative Strategies group to understand and meet business needs through the appropriate design and built of the model(s)
• Assess, refine, and implement VA ALM’s system architecture strategy with an emphasis on big data architecture that employs advanced quantitative methods
• Lead the improvement of the group’s data analytics capabilities including real-time business intelligence and analytics on investment strategies, allocations, or transactions
• Define and implement governance that manages the quality, consistency, usability, and availability of information across the group
• Collaborate cross-functionally to source data and provide leadership in the standardization of data sourcing, integration and consumption across functions
• Proactively provide input in order to engineer new and enhance trading strategies as well as drive continuous process improvements, enhancements, and testing of the asset modeling process, including mapping data, modeling assets, loading market data, and overall code quality
• Support asset-based reporting requirements and related analysis, including those required for assumption setting, cash flow testing, and AG43 / C3P2 asset selection
• Manage the documentation of assumption and model selection, periodic calculation and projects as well as attribution and analysis reporting
• Manage the design and development of reconciliations, analytics, and reporting for asset modeling
• Initiate the design and development of project plans including identifying new projects, assigning resources and evaluating cost vs. benefit
• Support internal initiatives
• Perform other related activities as required


Business Knowledge/Technical Skills:
• 10+ years of experience with increasing responsibilities in system architecture design and developing quantitative models that apply sophisticated analytical techniques
• Extensive quantitative model development experience with preference for developing life and annuity actuarial projection models
• Advanced technical degree in a subject with strong computational emphasis required; PhD preferred
• Strong coding experience in C++ and SQL required; ability to code in other languages a plus
• Proficient in MS Excel, Word, and PowerPoint
• Strong written and oral communication skills; ability to convey technical concepts to non-technical audiences clearly
• Demonstrated ability to consider multiple perspectives while making business decisions
• Strong interpersonal and people/project management skills

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