What are the responsibilities and job description for the Manager, Enterprise Risk Management (ERM) position at American Equity?
At American Equity Investment Life Holding Company®we offer leading annuity products that help empower our clients to fulfill their needs and wants in retirement. Our success comes from hiring high-energy individuals who embody the beliefs that drive our unique culture. We currently fund over half a million retirements nationwide, and have been headquartered in West Des Moines, Iowa, for over twenty-five years with satellite offices in Charlotte, NC and New York, NY.
GENERAL PURPOSE OF THE JOB:
The Manager, Enterprise Risk Management (ERM) provides leadership in risk identification, measurement and mitigation, including responsibility for implementing risk controls and procedures and developing risk reporting and risk management tools.
**This position is based out of West Des Moines, IA and will need to work an on-site hybrid schedule**
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Identifies areas for improvement in ERM framework and executes on strategies to strengthen it.
- Builds relationships and partners with business stakeholders on business process, risk and control owners to collaboratively identify and develop effective risk management and controls.
- Aggregates and analyzes various types of financial and other data to assess risk exposures and assists in trend analysis and projections.
- Conducts risk assessments including modeling validation.
- Enhances risk culture and risk framework by helping stakeholders identify and manage risk.
- Documents risks and controls; updates risk registries and risk dashboards in Wdesk.
- Develops and updates reporting deliverables including ORSA, rating agency and various risk committee reports.
- Identify, track, report and manage Key Risk Indicators (KRI’s) for each risk pillar and for each business segment.
- Develops new risk policies and strategies; contributes to ERM tools and methodologies to measure, monitor, and report risks; ensures proper application of risk management framework and controls.
- Delegates duties to direct reports and is accountable for quality and output of their work effort.
- Drives ERM projects to completion through ownership and by collaborating with functional experts.
- Performs other related work as assigned.
SUPERVISORY RESPONSIBILITIES:
Oversight, supervision and development of one or more professionals.
EDUCATION AND/OR EXPERIENCE:
- Associates or Bachelor’s degree in statistics, business, management, law or a related field of study, plus five to ten (5-10) years of progressively responsible experience in a comparable financial or risk management role, or equivalent combination of education and/or experience.
- Experience in the financial services industry, particularly a life and annuity company, preferred.
CERTIFICATES, LICENSES, PROFESSIONAL DESIGNATIONS:
- Actively pursuing successful completion of finance, investment or risk examinations.
KNOWLEDGE, SKILLS AND ABILITIES:
- Excellent analytical skills; ability to independently research and analyze financial and other data.
- Ability to read, analyze, and interpret technical journals, financial reports, and legal documents from regulatory agencies, and other members of the business community.
- Intermediate or advanced Excel skills or other spreadsheet applications.
- Ability to effectively present information to both technical and non-technical audiences.
- Programing experience is highly desirable using VBA, C, Python, MATLAB or some other language and the desire to apply these programming principles.
- Expertise in comprehending and applying financial and statistical principles.
- Strong mathematical skills and attention to numeric and other detail.
- Adherence to defined risk reporting deadlines, multitasking priorities and workflow.
- Broad and deep project management skillset, working cross-functionally on projects with the Investment, Accounting, Actuarial and Information Technology departments, and external partners such as software vendors, consultants, reinsurers, etc.
- Ability to work cooperatively and successfully with employees, customers, and other outside third parties.
- Ability to develop and lead staff, helping team members learn and grow.
- Flexibility in multitasking, while prioritizing for maximum impact.
- Strong organizational and planning skills.
- Proficient in the use of Microsoft Office Suite.
- Occasional overnight travel as needed.