AVP, Capital Risk Management

Company: Global Atlantic Financial Group
Location: New York
Posted on: March 20, 2023

Job Description:

All offices are currently open, and our employees are back 4 or 5 days a week in Hudson Yards, NY and 3 days a week in all other offices. If you have questions on this policy or the application process, please contact recruiting@gafg.com .COMPANY OVERVIEWGlobal Atlantic Financial Group is a leader in the U.S. life insurance and annuity industry, serving the needs of individuals and institutions. Global Atlantic is a majority-owned subsidiary of KKR, a leading global investment firm that offers alternative asset management across multiple strategies and capital markets solutions.

Global Atlantic is looking for a diverse team of talented individuals who reinforce our culture of collaboration and innovation. We are dedicated to the career development of our people because we know they are critical to our long-term success. Join our team and come grow with us. -We use Greenhouse as our scheduling tool and communicate through their systems. At times, your email may block our communications. Please be sure to check your SPAM so that you do not miss critical information about our process, including scheduling. -The Assistant Vice President, Capital Risk Management joins a dynamic Risk group in a company that prides itself in risk and investment sophistication. This role will support risk management and financial forecasting across multiple products and accounting regimes. As such, this role will work closely with the investment team, finance, risk modelers, and actuaries. This position reports to the Senior Vice President of Capital Risk Management, with a flexible office location.Key Responsibilities include:

• Strengthen framework supporting capital planning and stress testing across multiple Bermuda-based insurance entities, including sidecars
• Support enterprise transition to NAIC's Group Capital Calculation (GCC), including rationalization of Risk Appetite framework
• Enhance multi-year capital stress forecasting process, inclusive of RBC, GCC, and rating agency views for both ORSA (Own Risk Solvency Assessment) as well as internal capital management
• Provide ad-hoc RBC/GCC modeling related to reinsurance transactions, pending regulatory changes, and bespoke stress scenarios
• Partner with risk lead architect to ensure data consumed in capital models is appropriate
• Engage regularly with investment risk, Bermuda risk and finance teams to harmonize workstreams, deliverables and assumptions -QUALIFICATIONS
  • Bachelor's degree in Finance, Accounting, or other quantitative field; advanced degree, CPA, FSA or CFA charter preferred.
  • Minimum 10 years of experience in annuities, life insurance or investments
  • Comprehensive understanding of domestic life risk-based capital (RBC) as well as Bermuda BSCR
  • Proficiency of US GAAP and US Statutory rules for life and annuity products, plus familiarity with product design, pricing, risk management, ALM and broad economics
  • Experience in capital markets including interest rates, equities, credit, and FX Global Atlantic's total rewards package is reflective of our corporate values, particularly diversity, excellence and innovation, with a focus on inclusion, pay equity, and flexibility. We are proud to support your personal and professional growth and well-being through programs such as educational assistance, virtual physical therapy, remote/onsite fitness reimbursement, a medical second opinion program, pet insurance, military leave, parental leave, adoption assistance, fertility and family planning coverage. We strive to foster a culture of total well-being through community outreach and charitable giving programs. We are active in our communities-
    • New York: Red Hook Conservancy, Girls Who Invest and The Bowery Mission
    • Boston: Cradles to Crayons, Project Bread, Let's Get Ready, Rise Against Hunger, Salvation Army and many other local volunteer organizations in around the Boston area
    • Hartford: -Habitat for Humanity, Foodshare, Humane Society, Hands on Hartford, Mercy Shelter and Dog Star Rescue
    • Indianapolis: Elevate Indianapolis, Gleaners Food Bank and the Juvenile Diabetes Research Foundation
    • Batesville: American Cancer Society Relay for Life, Angels of Giving, Margaret Mary Health Foundation, Ripley County Community Foundation, Safe Passage, Batesville High School Sponsorships, local area youth sports and food pantries, as well as many others
    • Des Moines: United Way, Central Iowa Shelter & Services, Junior Achievement of Central Iowa and Make a Wish Foundation
    • Berwyn: Food drive and will be planning an event to help a local family over the holidays
    • Atlanta: Packaged Good Organization, which helps the most vulnerable community members with providing personalized care packages for people in need including the elderly, our armed forces, the homeless and hospitalized kids
    • Bermuda: Sponsor of a weekly feeding program operated by The Hamilton Seventh-Day Adventist ChurchSocial platforms provide an environment to collaborate with others and participate in friendly competitions towards achieving physical, emotional and financial well-being. Our highly competitive health, retirement, life and disability plans can be tailored to best suit your needs and those of your whole family.Global Atlantic is committed to creating an inclusive environment where everyone can meaningfully contribute to our success. We are proud to be an equal opportunity employer and we do not discriminate in employment on any basis that is prohibited by federal, state or local laws. More than that, we strive to be inclusive of all backgrounds and experiences, which we feel gives us a competitive advantage in the market and within our firm. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, disability, age, or veteran status.Employees who require an accommodation to perform the essential functions of their job will participate in an interactive process which may include providing documentation. -If you are hired and require an accommodation for any protected status, please email benefits@gafg.com .Please click on the links below to learn more about Global Atlantic. How did you hear about this job? (if you were referred, please indicate the name of your referrer) Are you legally authorized to work in the United States? Will you now or in the future require sponsorship for employment visa status? What is your desired salary (break out bonus and base)? What is your full address? Example: -32 Longview LaneWest Hartford, CT 06107 Have you worked for any company or third-party provider where you worked on matters involving Global Atlantic Financial Group or KKR in the last 24 months, to include, your current and/or previous employers? If YES, what company were you working at while involved with a Global Atlantic or KKR account? Have you applied for a full time or contract position with Global Atlantic within the past 6 months? Voluntary Inclusion Questions We encourage qualified applicants from all backgrounds to apply. As such, we are committed to achieving a diverse candidate pool for open positions and that our interview teams are made up of employees from different backgrounds. Sharing your background with us will help us with that focus, although recruiters and hiring managers will not have the ability to see individual responses (only aggregate information). This information is not used to determine who is selected for interviews or will be hired, but is helpful in identifying resources, sites and groups which add value in increasing our applicant pool and ensures that we attract the best and most diverse workforce. This is purely voluntary but will help our mission to be inclusive. Which category below best describes you (please select only one): Black or African American Asian Hispanic Or Latino Native Hawaiian or Other Pacific Islander Non-Hispanic White or Caucasian Two or More Races (Not Hispanic or Latino) American Indian or Alaska Native I don't wish to answer How do you currently describe your gender identity? (please select only one) Male Female Non-Binary/Third Gender I don't wish to answer Have you been diagnosed with any disability or impairment? (please select only one) Yes No I don't wish to answer Do you identify as a veteran or as being or having been a member of the military? (please select only one) Yes No I don't wish to answer Do you consider yourself a member of the Lesbian, Gay, Bisexual, Trans or Queer (LGBTQ+) community? (please select only one) Yes No I don't wish to answer Which of the following best describes your education status? (please select the one option that fits you best) College graduate First-generation college graduate In the process of completing my college degree

Keywords: Global Atlantic Financial Group, New York , AVP, Capital Risk Management, Executive , New York, New York