AVP Market Risk Management
Company: Pacific Life Insurance Company
Location: Newport Beach
Posted on: May 23, 2023
Pacific Life (PL) is investing in bright, agile and diverse talent to contribute to our mission of innovating our business and creating a superior customer experience. We're actively seeking a talented AVP of Market Risk Management to join our Enterprise Risk Management Team in Newport Beach, CA. This role can be on-site or hybrid.
As the AVP of Market Risk Management, you'll play a key role in Pacific Life's growth and long-term success by leading the oversight of PL's market risk exposures and mitigation activities. You will have a broad view of market risk across the organization by working closely with the Division, Investment and Treasury teams through the monitoring, measuring and mitigation of market risk across PL. You will fill a new role that sits on a small market risk team within the Enterprise Risk Management Function in the Corporate Division. You will report to the Head of Enterprise Market Risk and your colleagues will include actuaries and market professionals.
How you will make an impact:
---Provide strategic direction of PL's market risk management function closely linking PL market risk exposures and mitigation to risk appetite through clear recommendations, communication, direction, and assurances
---Partner with Division ALM teams, Investments and Treasury in areas of risk exposures, risk mitigation strategy and execution, and compliance with market risk limits
---Support the enterprise through clear and timely communication of its market risk profile and mitigation activities
---Serve as the primary 2nd line of defense's effective review and challenge of market risk assumptions, exposures, measurements, practices and mitigation performance across PL
---Ensure comprehensive and timely quantification of market risk exposure across the enterprise ensuring alignment with PL's tolerance. Review and monitor effective remediation of risk exposures outside of specified tolerance limits
---Support, assess and effectively challenge new or emerging market risks initiated from either within (e.g. product development, hedge strategies) or outside (e.g. market dynamics) of PL
---Engage in capital market and ALM research and testing/promoting best practices and innovative of ALM strategies, as appropriate, across PL. Monitor industry press releases and other sources to keep management apprised of changes to strategy and/or risk management techniques of peers
---Develop (as necessary) and maintain enterprise-wide market risk policies and standards while providing effective challenge and ensuring consistency across Division and Corporate guidelines and standards.
---Represent Market Risk Management perspectives and requirements
The experience you will bring:
---Ability to effectively communicate across complex financial concepts and risk management solutions to audiences with varying levels of familiarity with capital markets and actuarial concepts
---Strong collaboration skills to drive consistent and comprehensive risk practices and oversight across the enterprise
---10+ years of risk management experience in the insurance, financial services, or securities industry
---5+ years of experience in fixed income risk analysis, and/or portfolio management/construction and ALM, with a multi-asset focus
---Thorough knowledge of life insurance business, investments, financial markets, and risk management
---Fellow of Society of Actuaries (FSA) or Chartered Financial Analyst (CFA) and additional training on financial engineering, quantitative finance is preferred
---Development and leadership of market-risk management strategies including the analyses, buy-in and ultimate implementation
---Strong analytical skills to analyze and challenge market risk exposures and mitigation programs across the enterprise
---Solid experience in financial concepts, Statutory, GAAP, economic value/capital
Base Pay Range:
The base pay range noted provides a basis to determine the appropriate offer dependent upon several factors including but not limited to geographic location, experience, skills, education and pay equity. Also, most employees are eligible for additional incentive pay.
$185,600.00 - $232,000.00 - $324,800.00
Your Benefits Start Day 1
Your wellbeing is important to Pacific Life, and we're committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we've got you covered.
Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.
Keywords: Pacific Life Insurance Company, Newport Beach , AVP Market Risk Management, Accounting, Auditing , Newport Beach, California
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