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AVP- Head of Equity Risk Management
AVP- Head of Equity Risk ManagementMassMutual Ascend • Cincinnati, OH, United States
AVP- Head of Equity Risk Management

AVP- Head of Equity Risk Management

MassMutual Ascend • Cincinnati, OH, United States
12 days ago
Job type
  • Full-time
Job description

MassMutual Ascend is seeking a dynamic and experienced leader to join our Enterprise Risk Management team as the Head of Equity Risk Management. In this critical role, you will oversee the equity hedging programs for our annuity portfolio, ensuring robust risk management frameworks, accurate valuations, and strategic alignment with business objectives.

The Opportunity :

  • Oversee the equity hedging programs for fixed, fixed indexed, and registered index-linked annuities.
  • Collaborate cross-functionally with pricing, finance, and operations teams to model and mitigate equity-related risks.
  • Develop innovative pricing models and drive research initiatives to solve complex quantitative challenges.
  • Manage and mentor a team of actuarial and quantitative professionals, fostering a culture of excellence and innovation.

Job Responsibilities :

  • Provide comprehensive oversight of equity hedging programs, including daily valuations and development of rebalancing recommendations.
  • Modify / design, implement, and oversee risk frameworks for hedging programs, ensuring compliance with regulatory standards and alignment with company risk appetite.
  • Deliver comprehensive risk quantification analyses, including backtesting, stress testing, and scenario analysis.
  • Build and refine pricing models for complex equity strategies, incorporating advanced quantitative techniques.
  • Partner with annuity pricing professionals to review and validate modeling of equity features embedded in annuity products.
  • Minimum Qualifications :

  • Bachelor’s degree in actuarial science, mathematics, finance, quantitative finance, or a related field required; Master’s degree or PhD preferred.
  • 8+ years of progressive experience in risk management, hedging, or quantitative analysis within the insurance industry, with a focus on annuities or derivative products.
  • High level of experience in statistical methods, derivative pricing, stochastic modeling, and quantitative risk assessment.
  • Technical Expertise :

  • Proficiency in equity hedging strategies, including options, futures, and swaps for annuity products.
  • Strong knowledge of annuity products (fixed, fixed indexed, registered index-linked) and embedded equity features.
  • Experience with risk quantification techniques such as Value at Risk (VaR), backtesting, stress testing, and Monte Carlo simulations.
  • What To Expect :

  • Focused one-on-one meetings with your manager.
  • Ongoing opportunities for development and learning.
  • Working in a fast-paced environment with available flexible work schedules.
  • A place to grow your career in a culture that inspires, rewards and develops employees.
  • MassMutual Ascend is an Equal Employment Opportunity employer. We welcome all persons to apply. At MassMutual Ascend, we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees.

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    Avp Risk Management • Cincinnati, OH, United States

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