Financial Risk DirectorApply Location Atlanta, Georgia Additional Locations: Georgia; North Carolina; Chicago,Illinois; Miami,Florida Requisition Number R-89856
Be a part of an innovative and growing company!
Assurant is seeking a Financial Risk Director. This individual will be responsible for developing and delivering the second-line oversight by the Financial Risk function of the Enterprise Risk Team. The scope of Financial Risk includes capital & liquidity, portfolio risk, cat risk, pricing and reserving plus financial aspects of Strategy risk (affecting shareholder value e.g., risks of losses of clients). The role will interact as a business partner to appropriate business teams and leaders to assess financial risks across Assurant. They will manage parts of risk appetite relating to financial risks – assisting first-line risk appetite owners to set / change appetite limits, monitor and take actions when appetite may be trending towards breach. The job holder will assist the VP Financial Risk to fulfil Risk Team’s roles and responsibilities in relation to (a) Stress Testing Framework and (b) Model Risk Management (MRM).MRM is a key priority for Risk during 2021.
This role has flexibility to be 100% virtual!
Primary Job Responsibilities
Establish their network of stakeholders across relevant 1st line management teams to be able to identify, assess, report and escalate across a wide spectrum of financial risks (defined above)
Interact with colleagues internal to Risk Team on all financial risks and financial aspects to all risks
Develop detailed knowledge of Assurant’s approaches to (a) capital and liquidity management (b) asset management (c) products, pricing and deals methodologies (d) reinsurance and corporate insurance (including cat modeling) (e ) other sources of financial risk
Manage parts of risk appetite relating to financial risks – assisting first-line appetite owners to set / change appetite limits, monitor and take actions when appetite may be trending towards breach.Coordinate financial risks as they are reported via the Enterprise Risk Dashboard.
Develop the Stress Testing Framework in partnership between Risk Team and Treasury.Assist in the development of stress scenarios and assumptions-setting. Quantify and filter risks identified by other parts of the Risk Team to translate into stress scenarios to enable measurement of the risks.
Develop policy and procedures for Model Risk Management (MRM).
Develop ‘definition of models’ and maintain model inventory (as per MRM) and populate inventory including risk ranking of models
Manage Risk Team’s role in model validation.The job holder may perform validation activities directly themselves; may assist first-line modelers to prepare for validation or self-validation; may liaise and coordinate with external contractors if such are hired to perform aspects of validation.
Participate in wider Risk Team processes in the context of financial risk – including preparation of the ORSA (Own Risk and Solvency Assessment) Report; the RCSA (Risk & Control Self Assessment); the Enterprise Risk Dashboard and the Enterprise Risk Register
5+ years’ experience working in financial management or in analytical / audit role in financial management
Strong analyst / consulting skills to interact with business colleagues in a wide variety of risk assessment tasks involving (a) data gathering; (b) analysis; (c) challenge; (d) remediation and (e ) reporting
Gravitas to handle meetings at SVP and EVP levels
Knowledge and experience of components of Model Risk Management – either from designing, developing and building financial models – or from carrying out MRM or model validation activities as a second-line reviewer
The job holder will be required to develop knowledge in the following specialist areas. Time will be allowed for education / training on these topics, although it will be advantageous if job holder has more knowledge at outset from their existing qualifications and experience:
Modeling for Stress and Scenario testing Catastrophe modeling and reinsurance program design Portfolio Risk modeling to measure risk in asset portfolios and Strategic Asset Allocation Property & Casualty reserving Counterparty Credit risk management Business Planning and Group Strategy development.
Target level of qualification of 1 – 3 years’ post completion of ASA, FSA, ACAS, FCAS – or equivalent qualifications related to CFA or to CPA. Or International equivalents.
Benefits and Value Proposition
We offer a competitive salary and comprehensive benefits to full time and part time employees including medical, dental, STD, LTD, life insurance, 401(k), generous paid time off and much more.
We strive to maintain a professional, yet friendly environment and promote professional and career development for our employees.
Assurant is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.
To learn more about our current opportunities and apply online, please visit: http://www.assurant.jobs < http://www.assurant.jobs/ >
Follow us on Twitter! http://twitter.com/AssurantCareers < http://twitter.com/AssurantCareers > (@AssurantCareers)
Assurant, a Fortune 500 company and a member of the S&P 500, is traded on the New York Stock Exchange under the symbol AIZ. Assurant has approximately $30 billion in assets and $9 billion in annual revenue. Assurant has approximately 14,500 employees worldwide and is headquartered in New York's financial district. www.assurant.com.
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Ignacio D. - Senior Operations Analyst
Whether I'm working with people in Argentina or Chile or Miami, we all feel like we're part of the same company. And within my own group, we share ideas and analyze as a team - and drive for change, for improvements. We'll show each other how we do things and lend advice.
I also enjoy the focus on work-life balance - in the workplace, we're offered exercise classes or stretching classes with a trainer, for example. I've had the flexibility to take classes and training. And, we have the opportunity to give back to the community through events held throughout the year.