MassMutual
We help people secure their future and protect the ones they love.
Boston, MA, USA
Hybrid

Planning and Strategy Consultant, Capital & Investment Risk, ERM

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Employer Provided Salary: 121,800-159,800 Annually
Salary data is provided by the employer. Please note this is not a guarantee of compensation.

The Opportunity
This is an opportunity for an exceptional, highly motivated, collaborative and experienced individual to join MassMutual's Capital and Investment Risk Management team (within the Enterprise Risk Management division) to enhance the impact and efficiency of the team as it influences the management of risks associated with MassMutual's investment decisions and use of capital.
You will work closely with the Head of Capital & Investment Risk and the team leadership to support the translation of vision into action, reinforce accountability, and drive operational efficiency. Collaborating with these leaders, you will facilitate the functional effectiveness of the team, coordinate and prioritize work, deploy resources, and evolve processes as appropriate.
The Team
The Capital & Investment Risk team works closely with the Investment Management and Finance divisions to deliver insights and influence decisions regarding MassMutual's investment risk-taking and use of capital, helping to protect MassMutual's financial strength and enable it to achieve its strategy.
The team comprises three core groups, with responsibilities for Capital Risk, Market & Liquidity Risk, and Credit Risk, and brings together diverse experts across capital markets, risk management, actuarial, and quantitative disciplines who work together to deliver analysis and recommendations. Their recommendations are consistent with the enterprise risk appetite framework, for which the team is also responsible. The team drives improvements in tools, technology and processes, for more consistent and scalable risk analysis and reporting, enabling greater opportunities for efficiency within ERM and with stakeholders in Investment Management and Finance.
The Impact
You will support the Head of Capital & Investment Risk to ensure the smooth running and evolution of the team's processes, so that the variety of analytical and risk management work within the Capital & Investment Risk Management team is appropriately connected and scaled for maximum impact and efficiency.
The nature of the team's work continues to evolve and increasingly requires input and coordination across the risk functions, and in this role, you will be vital to ensure the team continues to deliver high quality, impactful insights in an efficient and coordinated manner. You will also drive efficiency and alignment of the ongoing development and enhancement to the variety of tools and technology utilized across the team.
A key to success in this position is the ability to work collaboratively with other leaders within Capital & Investment Risk Management and stakeholders elsewhere within ERM, as well as the Investment Management, Finance and Technology functions. You will have experience leading and coordinating teams, easing communications, and uniting people across organizations to keep them moving forward.
Notable responsibilities include:

  • Contribute and help support elements of the team's strategic planning design and process.
  • Ensure team meetings, strategy sessions, and related interactions and operational processes are well planned, and managed for high impact.
  • Coordinate and manage analyses and deliverables that cut across the team's three functions, expected with increasing frequency moving forward (e.g., related to product strategy, bespoke and ad hoc scenario analysis, M&A support)
  • Manage, plan and coordinate team deliverables for executive leadership and Board meetings.
  • Coordinate the build, progression, and monitoring of team project plans in alignment with goals, in particular regarding the application and development of analytics, tools and processes across the team's functions, liaising with external stakeholders where needed.
  • Monitor and flag issues and interdependencies and suggest opportunities for resolution/path forward proactively, promptly and tactfully, particularly as it relates to resource utilization and consistency of plans, so that potential resource constraints are identified early and addressed appropriately.
  • Coordinate the team's input into broader ERM deliverables and analysis, engaging with ERM's Risk Strategy team (e.g., analysis and material for rating agency and regulatory meetings, supporting the team leader in maintaining and coordinating the team's budget).
  • Strengthen team brand, including the development and application of consistent standards applied across team for maximum impact, applying strong data visualization and presentation skills.
  • Be the team's primary point of contact with the ERM Risk Strategy team and the Chief Risk Officer's Executive Liaison.


To do this, it is expected that you will:

  • Inspire and motivate colleagues to succeed in the function's key priorities.
  • Quickly establish credibility with key stakeholders.
  • Proactively collaborate with other teams in ERM as well as in the business lines.
  • Be a committed team player.
  • Inform and influence others appropriately, clearly and on a timely basis.
  • Adapt and thrive in complex, uncertain and changing situations.
  • Listen actively, and challenge yourself and others to think about all angles of the issue.
  • Quickly self-educate on new topics with less familiarity.
  • Have interest in a wide range of business issues.
  • Conceive and execute complex projects, applying change management, influencing, and communication skills.


The Minimum Qualifications

  • 5+ years of related business experience in enterprise risk management, insurance, consulting, strategy, project management or financial services
  • BS Degree


The Ideal Qualifications

  • Higher degree, MBA or equivalent.
  • Demonstrated strength in project management disciplines.
  • Superior communication skills, both verbal and visual.
  • Strong analytical and problem-solving skills, including ability to drill down on details, perform analyses, resolve issues and distill findings into a concise summary of key conclusions and recommendation.
  • Ability to establish and maintain collaborative relationships with peers and key partners across the organization.
  • Ability to influence stakeholders at various levels throughout the organization.
  • Excellent storytelling and visualization skills, including the ability to translate complex analysis into clear PowerPoint presentations for executive level audiences.
  • Change management mindset.
  • Experience in risk consulting.
  • Understanding of the financial regulatory environment for the insurance industry.
  • High emotional intelligence.
  • Data visualization and data science experience, including translating complex analysis into clear, succinct presentations for executive audience.
  • Experience in managing and deploying large-scale, cross-organizational programs.


What to Expect as Part of MassMutual and the Team

  • Regular meetings with peer leaders within the Capital & Investment Risk Team, stakeholders in ERM, Investment Management, CFO and Enterprise Technology.
  • Focused one-on-one meetings with your manager.
  • Access to mentorship opportunities.
  • Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups.
  • Access to learning content on Degreed and other informational platforms.
  • Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits.


#LI-RP1
MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
Salary Range: $121,800.00-$159,800.00

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What are MassMutual Perks + Benefits

MassMutual Benefits Overview

At MassMutual, employees have the opportunity to earn a competitive salary and bonus, enroll in an
array of benefits, and participate in programs and services that support healthy lifestyles, assist them
in building financial security for themselves and their families and help them live well-balanced lives.

Culture
Volunteer in local community
Every action supporting a common cause is meaningful, and our employees make a difference in their own communities through our Matching Gift, Matching Time and Volunteer Time Off Programs.
Partners with nonprofits
Every year, MassMutual and the MassMutual Foundation invest more than $20 million focused on advancing economic opportunity. https://www.massmutual.com/about-us/corporate-responsibility/foundation
Open door policy
OKR operational model
Team based strategic planning
Open office floor plan
Employee resource groups
Employee-led culture committees
Hybrid work model
In-person all-hands meetings
Employees can either attend the in-person all-hands meeting, watch live via Zoom, or watch the recording. All employees are invited to submit questions.
Employee awards
Flexible work schedule
Flexible work arrangements, including telecommuting, are available in many departments across the company.
Remote work program
In addition to two remote days per week, MassMutual offers employees four full remote weeks of their choice per year.
Diversity
Documented equal pay policy
Dedicated diversity and inclusion staff
Highly diverse management team
More than half of our Board of Directors are comprised of women and people of color, making it one of the most diverse groups in the industry.
Mandated unconscious bias training
Diversity manifesto
Diversity employee resource groups
Hiring practices that promote diversity
Diversity recruitment program
Health Insurance + Wellness
Flexible Spending Account (FSA)
A health care flexible spending account (FSA) allows employees to save money on a before-tax basis for eligible medical, dental and vision expenses, subject to IRS limits.
Disability insurance
For details on short term and long term disability insurance please visit https://www.massmutual.com/-/media/files/employee_benefits.pdf
Dental insurance
Basic Dental covers preventive and basic restorative care; Major Dental covers all that Basic covers, plus restorations and orthodontia (limits apply).
Vision insurance
Health insurance
To learn more about our Health and Welfare Benefits please visit: https://www.massmutual.com/-/media/files/employee_benefits.pdf
Life insurance
For more information about our Life Insurance Benefits please visit: https://www.massmutual.com/-/media/files/employee_benefits.pdf
Pet insurance
Wellness programs
Team workouts
Mental health benefits
Transgender health care benefits
Wellness days
Abortion travel benefits
Our general medical travel benefit covers abortion-related travel.
Financial & Retirement
401(K)
In addition to our 401(k), MassMutual a cash balance plan that provides an account-based pension benefit based on accruals of pay credits and interest credits.
401(K) matching
Performance bonus
Charitable contribution matching
Every action supporting a common cause is meaningful, and our employees make a difference in their own communities through our Matching Gift and Matching Time Programs.
Pay transparency
Child Care & Parental Leave
Childcare benefits
Dependent care flexible spending account to allow you to set aside before tax dollars to pay for certain eligible child care expenses.
Generous parental leave
Leave for birth mothers of 18 weeks of fully paid leave. Non-birth mothers, fathers and adoptive parents eight weeks of fully paid parental leave.
Family medical leave
Caregiver leave: Up to two weeks paid leave to care for a loved one. Bereavement Leave: 15 days of paid time off to grieve the loss of a loved one with the employee defining who the loved one is.
Adoption Assistance
Company sponsored family events
MassMutual offers many opportunities for family events, from group volunteer experiences and chances to attend Red Sox games to business resource group-sponsored outings like annual pride parades.
Fertility benefits
Vacation + Time Off
Generous PTO
Paid holidays: 9 fixed and 1 floating. Vacation: starts at 19 vacation and personal days per calendar year, with increases at 5-year service intervals.
Paid volunteer time
Three days of paid time off is available to employees annually to give back to their communities, by sharing their time and talent with a cause close to their heart.
Paid holidays
Paid sick days
Occasional illness: up to 5 days per calendar year.
Flexible time off
Floating holidays
Bereavement leave benefits
Hardship benefits
320 hours of caregiver leave to take of loved ones when it matters most.
Office Perks
Commuter benefits
Free daily meals
Free snacks and drinks
Some meals provided
Onsite office parking
Recreational clubs
Relocation assistance
Fitness stipend
Home-office stipend for remote employees
MassMutual's wellness wallet is a stipend available to all employees, and can be used for myriad wellness-related purchases, including home-office purchases.
Meditation space
Mother's room
Onsite gym
Professional Development
Job training & conferences
Tuition reimbursement
Lunch and learns
Promote from within
Mentorship program
Continuing education stipend
Continuing education available during work hours
Online course subscriptions available
Customized development tracks
Paid industry certifications
Personal development training
Virtual coaching services

Additional Perks + Benefits

To learn more about our comprehensive benefits please visit: https://www.massmutual.com/-/media/files/employee_benefits.pdf

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