What are the responsibilities and job description for the AVP, Quantitative Risk position at Global Atlantic Financial Group?
Global Atlantic Financial Group has an opening to lead a broad range of Quantitative Risk functions with a focus on capital markets hedging in a Python-based environment. This is an exciting opportunity to be one of the architects of the Edge risk system. An ideal candidate will combine a strong background in quantitative analytics with some prior understanding of insurance products and experience managing a team of quants. This is a highly collaborative position, which will require strong communication skills across many different areas of Risk as well as Investments, Actuarial and Finance.
Responsibilities:
- Maintain and enhance GA’s proprietary Python-based Edge risk ecosystem, which includes GA’s highly effective hedging program, scenario generation and automated risk reporting
- Drive the risk management of hedging strategies for new liability products and new reinsurance blocks
- Enhance current models, along with corresponding controls and documentation, according to the GA standards
- Interface with upstream IT, Asset Allocation and Risk Modeling teams to monitor data cleanliness and completeness, building a robust system of detection, correction and control to ensure accuracy of Risk Quant reports
- Build a scalable, automated attribution process that determines the optimal allocation of assets within an aggregated general account to individual liability products, according to configurable constraints and objective functions
- Represent the Risk Quant team at internal working groups and committees on relevant topics
- Act as a subject matter expert on the methodologies and processes employed by Risk Quant with respect to SOX / auditor requests
Qualifications:
- Bachelor’s Degree required in Computer Science, Statistics, Mathematics or similar field
- Advanced Degree or minimum 5 years relative experience in Finance, Insurance, or related field
- Minimum 3 years of hands-on experience with Python, developing and maintaining large, object-oriented code bases
- Prior insurance liability modeling or capital markets hedging experience preferred
- Prior experience managing a team of quantitative analysts and/or developers preferred
- Exceptional analytical capabilities and ability to explain complicated technical issues in a clear fashion
- Excellent communication skills and ability to work with people of varying backgrounds
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Various jurisdictions have passed pay transparency laws that require companies provide salary ranges for any positions for which they are accepting applications. Global Atlantic has offices in Atlanta, Batesville, Bermuda, Boston, Des Moines, Hartford, Indianapolis, and New York City. The base salary range posted below is inclusive of the lowest cost of living geography to the highest in which we have a Global Atlantic office.
Global Atlantic’s base salary range is determined through an analysis of similar positions in the external labor market. Base pay is just one component of Global Atlantic’s total compensation package for employees and at times we hire outside the boundaries of the salary range. Other rewards may include annual cash bonuses, long-term incentives (equity), generous benefits (including immediate vesting on employee contributions to a 401(k), as well as a company match on your contributions), and sales incentives. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Compensation for our more senior positions have a larger component of short-term cash bonus and long-term incentives.
Salary : $200,000
