Head of Market Risk Management
Location:
Charlotte , North Carolina
Posted:
August 15, 2017
Reference:
29023-en_US

                                                 

 

 

MetLife, through its subsidiaries and affiliates, is a global provider of life insurance, annuities, employee benefits and asset management with operations in nearly 50 countries and leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.  With 2015 total Operating Revenues of ~$70 billion, MetLife is ranked #39 on the Fortune 500 list and #50 on the Forbes Global 2000 list of the world’s largest public companies.  Globally, the company has ~69,000 employees serving approximately 100 million customers, individuals and businesses, including 90 of the FORTUNE 100®.  MetLife is also one of the largest institutional investors in the U.S. with a $508.2 billion general account portfolio at December 31, 2015.  In 2015, FORTUNE Magazine’s World’s Most Admired Company survey named MetLife #1 in the Life and Health Insurance industry.   

 

In January 2016, MetLife announced a plan to pursue the separation of a substantial portion of its U.S. Retail segment. Once separated, the new business will be called Brighthouse Financial.

Brighthouse Financial will serve customers the way they want, need and deserve. It will focus on eliminating the complexity, confusion and cost that can get in the way of many Americans who are seeking financial security. We will bring products to the market that add value to our customers’ lives, and will be guided by a common set of values that focus on the customer and drive accountability.

Brighthouse Financial is seeking high-performing team members who are passionate about the company’s mission.  We are laser-focused on adding value to our customers and minimizing complexity in every decision and action.  We are building high performing teams who set the bar high and hold each other accountable.

 

   Risk Management

 

  

The Head of Market Risk Management will be a key role within the Risk Management team leading the market risk function and reporting directly to the Chief Risk Officer of Brighthouse.    This position will require a deep understanding of market and liquidity risks, along with the economic drivers of market risk.  This position also requires significant experience with ALM strategies, including the use of derivatives and the development and monitoring of an appropriate and effective hedging strategy.  This position will play a key role in the development and implementation of market risk and liquidity risk management strategies, tools, policies, processes and controls. 

 

The person in this role will build out the forming market risk team and develop the procedures and framework for oversight and effective challenge of the Company’s hedging strategy and ALM strategies, and ensure effective oversight of the risks associated with hedging activities and liquidity risk assessment and analysis.  The incumbent will need sufficient experience, stature, and credibility in the organization (including Investments, Actuarial, Treasury and Finance) to provide the effective challenge consistent with industry best market risk practices and regulatory expectations.

 

Key Relationships:

Reports to: Head of Risk Management

Direct Reports: 4-5

 

Key Responsibilities:

 

  • Set a team climate that aligns to the Brighthouse culture
  • Employ inspiring leadership qualities that result in motivated teams
  • Design and build a separate review and oversight framework capable of providing an informed view on Brighthouse Financial’s market risk exposures and assessments.
  • Influence the development of market risk hedging strategies, working in a team environment with other leaders responsible for the strategy, and provide effective monitoring and oversight in support of the Balance Sheet and Financial Risk Committee.
  • Actively participate in ALM Working Groups to identify, monitor, and provide a risk management perspective on issues and strategies, working closely with partners in Investments, Finance, Treasury, Actuarial and the business.  Review recommended changes and enhancements to portfolio investment guidelines.
  • Develop analytics and reporting of market risk exposures, either directly or indirectly with the support of other functions. 
  • Participate in the development and production of economic assumptions used for enterprise stress testing (GAAP, statutory, economic) in support of the Balance Sheet and Financial Risk Committee.  Oversee the compilation of a database of global capital stress testing assumptions, as well as review of assumptions for reasonability within the context of the stress testing scenario.
  • Oversee both legal and economic hedge effectiveness testing.
  • Effectively communicate and accurately represent the enterprise market risk profile with all stakeholders, including regulators and rating agencies.
  • Oversee ad hoc modeling and analysis for various projects, working groups and committees related to market risk, including the impact of our derivatives book
  • Lead a team of market risk analysts

 

Business Knowledge/Technical Skills:

·         Excellent analytic skills with an advanced degree in math, finance, statistics, or engineering preferred; FSA preferred; Ph.D., CPA, or CFA a plus

·         10+ years hands-on risk management, asset-liability management, trading, and/or portfolio management experience, including experience in a leadership role

·         Ability and desire to provide creative solutions to complex problems

·         Deep understanding of derivative instruments and related valuation and uses

·         Good understanding of insurance and annuity product guarantees and capital markets products

·         Excellent project management, oral and written communication skills, and ability to operate effectively in a matrix environment

·         Extensive experience modeling assets and liabilities; experience with statistical and econometric modeling; experience with liquidity risk

 

 

Leadership Competencies:

  • Thinks Strategically - Sets direction aligned to the company’s strategy, applying external and global perspective to meet local and global needs.
     
  • Motivates People - Gains people commitment to achieve business objectives through clear communication of the company’s vision and flexing leadership styles to inspire high performance.
     
  • Creates Partnerships - Authentically builds trusted relationships and collaborates across global, diverse and multi-functional teams to successfully drive business objectives.
     
  • Grows Talent - Inclusively and pro-actively develops talent, empowers individuals and manages diverse teams to drive engagement and performance.
     

Models our Values - Creates a culture that promotes the company’s values and standards through role modeling, accountability and ownership of decisions.

Travel will be limited as Charlotte, NC is the corporate headquarters with infrequent travel to operations in Convent Station, NJ and Tampa, FL.
 

MetLife is a proud equal opportunity/affirmative action employer committed to attracting, retaining, and maximizing the performance of a diverse and inclusive workforce. It is MetLife's policy to ensure equal employment opportunity without discrimination or harassment based on race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.

MetLife maintains a drug-free workplace.

Note to Mobile Users: If viewing on a mobile device and would like to apply, please email the job to yourself and complete the application from a desktop/laptop.

Note to Desktop/Laptop Users: For immediate consideration, click Apply Now button below. You will be directed to complete an on-line profile which takes 10 – 15 minutes to complete. Upon completion, you will receive an automated confirmation email verifying you have successfully applied to the job.

 

 

 

MetLife is a proud equal opportunity/affirmative action employer committed to attracting, retaining, and maximizing the performance of a diverse and inclusive workforce. It is MetLife's policy to ensure equal employment opportunity without discrimination or harassment based on race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.

MetLife maintains a drug-free workplace.

Note to Mobile Users: If viewing on a mobile device and would like to apply, please email the job to yourself and complete the application from a desktop/laptop.

Note to Desktop/Laptop Users: For immediate consideration, click Apply Now button below. You will be directed to complete an on-line profile which takes 10 – 15 minutes to complete. Upon completion, you will receive an automated confirmation email verifying you have successfully applied to the job. 

Internal Use Only: R4  NewCo-Wave2 


A little about us:
MetLife offers life insurance, disability income insurance, car insurance, employee benefits and more.

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