Risk Manager - KR07AERisk Analyst - KR08CE
We’re determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals – and to help others accomplish theirs, too. Join our team as we help shape the future.
Risk Analyst, Asset Liability Management, Enterprise Risk Management, The Hartford
The Asset Liability Management team is responsible for developing the portfolio funding strategies that support the liabilities and surplus objectives of The Hartford by establishing and monitoring investment strategy, policy, and performance benchmarks. Executing on these initiatives requires a sound understanding of risk and reward for various fixed income and equity asset classes, as well as the pricing, profitability, and risk profile of the insurance liabilities underwritten by our P&C and Group Benefit affiliates.
The Risk Analyst, ALM, will be highly involved in shaping and improving the risk modeling and portfolio benchmarking framework for our General Account portfolio managed by HIMCO. They will work closely with teammates in Enterprise Risk Management, HIMCO, Finance, and the Insurance Businesses to establish and monitor the company’s strategic asset allocation, investment policy and investment risk governance framework. Areas of focus will include portfolio optimization techniques, interest rate risk management, peer analysis and liability risk factor analysis. This role is based in our Hartford, CT, Home Office.
Responsibilities:
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Drive portfolio optimization initiatives (i.e., model maintenance and enhancements, correlation analysis, sensitivity testing)
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Partner with organizations across the company in gaining a deeper understanding of both General Account and Pension liabilities and risk characteristics which can be mitigated through capital market strategies (i.e. inflation)
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Risk monitoring of General Account and Pension portfolio positioning relative to policy and constraints as well as maintaining investment policy
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Maintenance of liquidity risk management framework, monitoring, and reporting best practices for the insurance operating companies
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Develop and leverage an extensive investments knowledge, especially relating to fixed-income securities and derivatives
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Utilize and enhance statistical skills via involvement in risk/asset/liability modeling.
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Assist in developing risk/capital/ALM management/models for all aspects of the enterprise.
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Effectively communicate with Lines of Business, HIMCO, and Corporate Finance
Qualifications:
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2+ years of professional experience in a corporate finance, actuarial, investment, or other relevant role is required.
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Comprehensive knowledge of and passion for corporate finance and capital markets theory, financial management and economics.
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Excellent analytical capabilities required; experience with R preferred.
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Basic understanding of pricing, valuation, financial and risk management models helpful
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Convincing verbal communications, listening, appropriate influencing skills.
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Effective presentation skills
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Ability to adjust to changing priorities in a fast-paced environment.
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B.A. or B.S. in finance or another quantitative discipline
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Master’s degree in a quantitative discipline, MBA, and/or actuarial credentials or progression toward credentials (ASA, ACAS) and/or a C.F.A. is a plus.
***This role can be filled a higher level depending on experience***
This role will have a Hybrid work arrangement, with the expectations of working in an office (Hartford) 3 days a week (Tuesday-Thursday).
Salary $75,200 - $166,680
Equal Opportunity Employer/Females/Minorities/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age
As a condition of your employment for HIMCO, you will be required to affirm to HIMCO’s Code of Ethics and understand that you will be required to comply with the disclosure of accounts, holdings, and pre-clearance of trades for the accounts of you and your household family members as more fully described in the Code of Ethics Key Points. If you will be deemed to be a “Covered Associate” under HIMCO’s Pay to Play Policy, you will also need to disclose all political contributions that you have given within the past 2 calendar years.
Compensation
The listed annualized base pay range is primarily based on analysis of similar positions in the external market. Actual base pay could vary and may be above or below the listed range based on factors including but not limited to performance, proficiency and demonstration of competencies required for the role. The base pay is just one component of The Hartford’s total compensation package for employees. Other rewards may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition. The annualized base pay range for this role is:
$75,200 - $166,680
The posted salary range reflects our ability to hire at different position titles and levels depending on background and experience.
Equal Opportunity Employer/Females/Minorities/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age
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