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Jackson National Life Insurance Company Financial Risk Manager in Lansing, Michigan

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Job Purpose

The Financial Risk Manager contributes to the independent Risk function by providing effective oversight of financial, insurance and model risk management across the organization. Reporting to the Director, JFI Risk, this position will work to understand, measure, monitor and report risk exposures and bring experience in annuity asset/liability modeling and management, market risk analysis and model risk management to the team.

Essential Responsibilities

  • Performs financial, model, and insurance risk oversight, with potential coverage of the following risks: equity, interest rate, credit, counterparty, liquidity, model, product/pricing, policyholder behavior.

  • Assists in the development and use of quantitative models and analytical tools that enable the Risk function to adequately assess risk to its capital and liquidity positions.

  • Performs validations and control reviews of actuarial/financial models, including assessments of the methodologies and assumptions used within models.

  • Contributes to and/or leads the design, analysis, and implementation of the Stress and Scenario Testing/Reverse Stress Testing process and provides risk insight from the results.

  • Develops and maintains effective relationships with other functions (ALM, Treasury, Finance, Actuarial, Audit, Compliance, etc.), to facilitate a holistic view of risk across the organization and to strengthen cross-disciplined risk management.

Other Duties

  • Performs other duties and/or projects as assigned.

Knowledge, Skills and Abilities

  • Ability to independently lead workstreams from concept to implementation.

  • Experience in quantifying and managing the risk embedded in annuity products.

  • Demonstrated experience in the design, use, and testing of quantitative financial models; experience using MG-ALFA is a plus.

  • Basic understanding of risk management principles, processes, and practices.

  • Knowledge of derivative instruments and their use in hedging annuity risk.

  • Ability to build analytical tools and automate processes with a general purpose programming language, such as Python.

  • Strong verbal and written communication skills, especially when articulating technical concepts in a compelling manner to engage both technical and non-technical audiences.

  • Able to quickly build and maintain effective relationships with stakeholders across business functions and teams.

  • Forward–thinking, collaborative and proactive individual with confidence and ability to recommend and implement change.

Qualifications

Bachelor's Degree in a quantitative discipline required.

Master's Degree in a related field preferred.

5+ years in a diversified life and annuity/financial services company required.

Professional designation in financial risk management, such as FSA or CFA preferred.

We don't just accept difference - we celebrate it, we support it, and we thrive on it for the benefit of our employees, our products and our community. Jackson is proud to be an equal opportunity workplace. The Company subscribes to and endorses federal and state laws and regulations relating to equal employment opportunity for all persons without regard to race, color, religion, gender, age, national origin, legally-recognized disability, marital status, legally-protected medical condition, citizenship, ancestry, height, weight, sexual orientation, veteran status, or any other factor not related to the needs of the job. The Company is committed to a policy of equal opportunity. Company facilities and campuses are tobacco-free environments.

At Jackson, our employees are empowered to bring a fresh perspective, confront new challenges, and define their own career paths. We value the unique perspectives and innovative ideas that come from our employees' diverse backgrounds.

Jackson is the marketing name for Jackson National Life Insurance Company (Home Office: Lansing, Michigan) and Jackson National Life Insurance Company of New York (Home Office: Purchase, New York). Jackson National Asset Management, LLC (JNAM) located in Chicago, Illinois, is an SEC-registered investment adviser and Jackson subsidiary.

Annuities are distributed by Jackson National Life Distributors LLC, Member FINRA.

Jackson companies offer an outstanding benefits package including competitive pay, bonuses, comprehensive health insurance benefits, a matching 401(k) retirement plan, adoption assistance, education matching gift program and dependent tuition program. Online applications requested. Contact human.resources@jackson.com for alternate formats for accommodation.

To learn more about Jackson's financial strength and results, visit jackson.com (https://www.jackson.com/our-company/financials/landing.xhtml) .

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