Risk Analyst

Risk Analyst

Who we are

Corebridge Financial helps people make some of the most meaningful decisions they’re ever going to make. We help them plan and take action to protect the future they envision, and respond to some of life’s most difficult moments through the solutions and services we provide. We do this through our broad portfolio of life insurance, retirement and institutional products, offered through an extensive, multichannel distribution network. We provide solutions for a brighter future through our client centered service, breadth of product expertise, deep distribution relationships, and outstanding team of hardworking and passionate employees.

Get to know the business

Life and Retirement is a unique franchise that brings together a broad portfolio of life insurance, retirement and institutional products offered through an extensive, multichannel distribution network. It holds longstanding, leading market positions in many of the markets it serves in the U.S.

Overview of Position

This role sits within the Credit and Market Risk management team of the Enterprise Risk Management organization. Successful candidate for this role should be an initiative-taker with balanced analytical and technical skills, and strong soft skills in both written and verbal communication.

This position is based in Jersey City and requires working in our offices three days a week.

Responsibilities:

Assist the team with the development, implementation, and maintenance of credit and market risk management and risk reporting methodologies and processes including the calculation and reporting of required and available economic capital, quarterly stress testing, and the maintenance of risk management processes for the firm’s derivatives portfolio. Assist with the preparation of presentations for senior management.

• Support quarterly calculation and reporting of required and available economic capital for credit and market risk exposures.
• Assist with the maintenance of market and credit risk methodology and operational procedures for credit and market risk management.
• Assist with the calculation of market and credit stress scenarios to support economic capital calculation and stress testing.
• Assist the Credit Risk Analytics team with the development and implementation of quantitative risk quantification methodologies including underwriting/transaction risk quantification, Portfolio Credit Monitoring and Early Warnings.
• Maintain quarterly scenario-based stress testing of statutory RBC Ratio and liquidity.
• Assist with the oversight of the firm’s derivatives exposures by using the firm’s derivatives risk system and the established risk analytics database.
• Participate in risk review of new transactions with focus on the assessment of potential impact on market risk exposures, capital, liquidity, and earnings.
• Interface with Finance Planning & Analysis (FP&A), Actuarial, Capital Planning, Investments, and Treasury to coordinate timely and accurate exposure estimates and forecasts.
• Prepare materials and presentations for senior management, Board of Directors, and regulators.
• Assist team leaders with the implementation of process optimization initiatives.
• Assist with pursuit of excellence in execution of ERM’s market risk management process.

What you need to know

• Bachelor’s degree in finance, statistics, physics, mathematics, economics, computer science, quantitative finance, actuarial science, or similar fields. Master's degree preferred.
• 2+ years of experience in risk management, investments or consulting function of a large financial institution or consulting firm preferred.
• Familiarity with capital markets and derivatives preferred. Basic knowledge of Life and Retirement industry preferred.
• Programming skills, database and/or coding experience (Python) preferred. The candidate should be comfortable with large datasets, using database queries, and complex end-user computing tools.
• Strong Microsoft Office suite skills.
• Effective communication, presentation, and people skills. English language required.
• High attention to detail and highly organized with strong follow-through skills.

What our employees like most about working for Corebridge Financial Life & Retirement

• We care about your professional development. Our career progression program will provide you with the opportunity to develop your skills, strengthen your productivity and be eligible to progressively advance to positions with an increased responsibility and increased compensation. 
• Our “Giving Back” policy is at the core of our daily operations and guides our future progress. Don’t believe us? We put our money where our mouth is! Corebridge Financial will give you up to 16 hours a year paid time off to volunteer in the community.
• Our people are our most important asset therefore we provide a generous benefits plan and competitive pay.

Benefit package includes

• Paid Time Off Corebridge Financial recognizes the importance of work life balance). We offer 24 PTO days to start. YES, 24!
• 17 paid holidays per calendar year. 
• A 401(k) Retirement Plan which will be HARD TO BEAT. Our 401K - $1 for $1 match up to 6% with immediate vesting, plus Corebridge Financial automatically contributes an additional 3% into your 401K regardless of if you enroll or not.

For this position based in Jersey City, NJ, the base salary range is $80,000-$103,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we're proud to offer a range of competitive benefits, a summary of which can be viewed here: Benefits Overview.

We are an Equal Opportunity Employer

Corebridge Financial, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories such as sexual orientation. At Corebridge Financial, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

To learn more please visit: www.corebridgefinancial.com

Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to [email protected]. Reasonable accommodations will be determined on a case-by-case basis.

Functional Area:

RK - Risk

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: No

American General Life Insurance Company