Head of Investment and Asset-Liability Management (ALM) Risk

At Equitable, our power is in our people. We're individuals from different cultures and backgrounds. Those differences make us stronger as a team and a force for good in our communities. Here, you'll work with dynamic individuals, build your skills, and unleash new ways of working and thinking. Are you ready to join an organization that will help unlock your potential?

In order to responsibly execute on Equitable’s growth strategy launched in May 2023 at Investor Day, Risk Management has been charged with reorienting its risk philosophy to become a strategic enabler of growth, whilst being cognizant of the risks of the company and protecting our balance sheet.

The Head of Investment and ALM Risk is a critical member of the Risk Management Leadership Team. Reporting directly to the Head of Financial and Strategic Risk and working closely with other senior leaders within the company including CRO, this role is essential in advancing our risk analytics capabilities. The primary focus is on enhancing insights that optimize risk-adjusted returns for our General Account. Additionally, the role involves developing analytical tools to monitor credit exposure to reinsurance and derivatives counterparties, thereby guiding the strategic direction of the enterprise. This is a hybrid position, working in office at least 3 days per week.

Key Job Responsibilities

• Enhance insights into risk-adjusted returns, ensuring alignment with the General Account and Business lines’ objectives
• Refine our credit stress testing and limit framework
• Develop and implement analytics for monitoring credit exposure to reinsurance and derivatives counterparties.
• Collaborate with leadership to educate on technical topics, inform, and help shape the strategic direction of the enterprise
• Communicate, both in writing and verbally, risk matters to the senior leaders at ALCO, Management Committee or Board of Directors
• Lead regulatory advocacy efforts related to investment risk
• Lead the day-to-day responsibilities of the Investment Risk function (with support of a team), such as performing risk oversight of all material General Account investment management activities undertaken by the Investment Team and reinsurance treaties

Additional Responsibilities

The total targeted compensation range for this position is $250,000 to $500,000. Total compensation varies based on skills, experience, geographical location and other factors.

For eligible employees, Equitable provides a full range of benefits. This includes medical, dental, vision, a 401(k) plan, and paid time off. For detailed descriptions of these benefits, please reference the link below.

Equitable Pay and Benefits : Equitable Total Rewards Program

Required Qualifications

Preferred Qualifications

Skills

Decision Making and Critical Thinking : Knowledge of the decision-making process and associated tools and techniques; ability to accurately analyze situations and reach productive decisions based on informed judgment.

Effective Communications : Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.

Financial Analysis : Knowledge of tools and approaches of financial analysis; ability to read, interpret and draw accurate conclusions from financial and numerical material.

Results Orientation : Knowledge of the importance of meeting or exceeding established targets; ability to drive critical activities to completion.

Strategic Thinking : Knowledge of the importance of "big picture" thinking and planning; ability to apply organizational acumen and competitiveness to identify and maintain focus on key success factors for the organization.

Diversity, Equity and Inclusion : Demonstrates a commitment to Diversity, Equity and Inclusion by treating everyone with respect and dignity, ensuring all voices are heard and advocating for change.

ABOUT EQUITABLE

At Equitable, we’re a team of over ten thousand strong; committed to helping our clients secure their financial well-being so that they can pursue long and fulfilling lives. We turn challenges into opportunities by thinking, working, and leading differently – where everyone is a leader. We encourage every employee to leverage their unique talents to become a force for good at Equitable and in their local communities. We are continuously investing in our people by offering growth, internal mobility, comprehensive compensation and benefits to support overall well-being, flexibility, and a culture of collaboration and teamwork. We are looking for talented, dedicated, purposeful people who want to make an impact. Join Equitable and pursue a career with purpose.

Equitable is committed to providing equal employment opportunities to our employees, applicants and candidates based on individual qualifications, without regard to race, color, religion, gender, gender identity and expression, age, national origin, mental or physical disabilities, sexual orientation, veteran status, genetic information or any other class protected by federal, state and local laws.

NOTE : Equitable participates in the E-Verify program.

If reasonable accommodation is needed to participate in the job application or interview process or to perform the essential job functions of this position, please contact Human Resources at (212) 314-2211 or email us at TalentAcquisition@equitable.com .

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Salary : $250,000 - $500,000