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Lincoln Financial · 2 weeks ago

AVP, Quantitative Research & Modeling, Market Risk Management

Radnor, PA

Full-time

Hybrid

Senior Level, Lead/Staff

$126K/yr - $229K/yr

10+ years exp

Lincoln Financial is dedicated to safeguarding financial strength and delivering sustainable value for clients. The AVP, Quantitative Research and Modeling leads a team in developing complex models for hedging and risk management of investment guarantees, ensuring robust protection against market volatility.

AdviceFinanceFinancial ServicesInsurance

Responsibilities

Direct the continued creation of annuity cash flow, VM21, and derivatives models supporting company target capital and hedge strategy decisions

Support the ongoing development of annuity models supporting key GAAP financial reserve reporting calculations

Maintain and improve upon the mechanical calculations of RILA, VA, FIA product features

Provide thought leadership around understanding and optimizing distributable earnings

Provide insight into financial results, based on a deep understanding of the financial drivers of hedging such as cost, carry, and time value

Lead the development of advanced GPU-based nested stochastic projections of derivative assets and actuarial liabilities

Direct, researches and drives the strategy to ensure continued improvement of existing risk strategies/methodologies for the entire hedge program; manage implementation of proof-of-concept model as results of research

Partner with units within Market Risk Management to design and deliver highly complex production systems which are strategically important for enterprise’s competitiveness

Serves as a subject matter expert and partners with other business units within the company, such as pricing team and ALM team, to assess highly complex financial impacts and design methodologies to migrate risks at enterprise level

Serves as a subject matter expert and collaborates with external partners to understand industrial trends and provide complex, specialized expertise and guidance to sr. mgmt. on risk management strategies and modeling tactics

Actively seeks ways to optimize risks in the organization as a competitive business advantage across GAAP/Statutory and other financial metrics

Maintains knowledge on current and emerging developments/trends for assigned area(s) of responsibility, assesses the impact, and collaborates with senior management to incorporate new trends and developments in current and future strategies

Directs and enhances organizational initiatives by positively influencing and supporting change management and/or departmental/enterprise initiatives within assigned area(s) of responsibility

Identifies and directs strategic process improvements that significantly reduce workloads or improve quality across the team, department and/or business unit for assigned area(s) of responsibility

Provides subject matter expertise to team members and internal/external stakeholders on complex assignments/projects for their assigned area(s) of responsibility

Provides training and development opportunities, including stretch assignments, for team members and gives honest and open feedback to aid in the development of talent

Directs, establishes and implements priorities, performance goals and objectives to ensure departmental results for their assigned area(s) of responsibility

Directs and evaluates departmental performance and takes appropriate action to meet and/or exceed performance standards for assigned area(s) of responsibility

Provides strategic leadership and direction to continually improve the capability and results for their assigned area(s) of responsibility

Directs/executes approved strategy decisions and contributes to strategy creation for assigned area(s) of responsibility

Ensures that top talent is hired and retained for their assigned area(s) of responsibility

Builds organizational capability within their assigned area(s) of responsibility

Qualification

Quantitative modelingRisk managementFinancial engineeringActuarial backgroundUS GAAP knowledgeDerivatives riskLeadership experienceRelationship managementMicrosoft Office SuiteCommunicationProject management

Required

4 Year/Bachelor's degree (or equivalent) (Minimum Required)

Ph.D. or Master's in a quantitative discipline (Financial Engineering, Mathematics, Physics, Engineering, or related fields) or professional designation (e.g. FSA)

10+ Years of Risk Management experience within modeling, insurance product risks, derivatives risk, strategy and/or financial engineering. 3+ managerial, supervisory, and/or demonstrated leadership experience. (Required)

Strong communication skills

Experience with US GAAP and US Statutory frameworks for annuities and derivatives/hedging

Preferred

Actuarial background, designations, and/or experience preferred

Demonstrated ability to identify, develop and implement processes improvements

Demonstrated ability to successfully hire, retain, develop and coach staff via a culture of real-time performance feedback, with ability to build both technical and leadership skills

Demonstrated strong relationship management skills with internal clients (e.g. senior management, peers and colleagues); proven ability to develop creative and collaborative approaches

Demonstrates strong interpersonal skills with a collaborative style

Demonstrates strong project management leadership skills including, critical ability to coordinate and balance multiple projects in a time-sensitive environment, under pressure, and meeting deadlines

Finds common ground and can gain collaboration among senior management, colleagues and peers; can influence outcomes without directing or commanding

Proficiency with Microsoft Office Suite (Word, Excel, PowerPoint, Outlook)

Successfully completes regulatory and job training requirements