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New York Life Insurance Company · 2 weeks ago

Vice President, Head of Financial Risk Management

New York, NY

Full-time

Hybrid

Senior Level, Lead/Staff

$250K/yr - $285K/yr

10+ years exp

New York Life Insurance Company is seeking a Vice President, Head of Financial Risk Management to lead the oversight of financial risk across various asset classes. This role involves managing a team and developing frameworks for financial risk oversight, while serving as a key advisor to senior management on market dynamics and capital efficiency considerations.

FinanceFinancial ServicesInsurance

H1B Sponsor Likely

Responsibilities

Lead and coordinate the Credit Risk, Market Risk, and Liquidity Risk teams

Develop and enhance frameworks for financial risk measurement, monitoring, and governance

Serve as a member of the various financial risk committees and present to senior management and the Risk Steering Committee

Review, monitor, and maintain financial risk limits in alignment with enterprise risk appetite

Oversee the development of credit cost and capital charge methodologies, enterprise stress testing programs, and risk reporting frameworks that inform strategic capital and investment decisions

Lead asset sector reviews and contribute to the proactive identification of emerging risks and credit cycles

Lead efforts to modernize financial risk analytics and data capabilities, ensuring robust insight generation and timely reporting for senior stakeholders

Conduct derivative effectiveness testing and support economic surplus at risk analyses

Develop, support, and maintain a Reinsurance Risk Framework; provide risk oversight for asset-intensive reinsurance transactions

Advise senior leaders on reinsurance deal evaluation, market dynamics, and capital efficiency considerations

Foster collaboration across Risk Management, Finance, Investments, and Asset Management partners

Elevate the visibility and clarity of financial risk insights through effective communication, storytelling, and executive engagement

Develop and mentor a high-performing risk team that promotes transparency, coordination, and proactive risk management

Qualification

Financial Risk ManagementCredit Risk ManagementMarket RiskLiquidity RiskStress TestingCapital AnalysisRisk ReportingInvestment Risk FrameworksReinsurance Risk FrameworkRelationship ManagementTeam BuildingLeadershipCommunication SkillsStrategic Thinking

Required

Minimum 10+ years of financial risk management experience with deep specific qualifications in credit risk management and experience in market and liquidity risk disciplines

Demonstrated experience linking financial risk insights to balance-sheet management, ALM, and capital strategy

Insurance general account experience

Strong knowledge of investment risk frameworks within insurance or asset management

Demonstrated ability to influence senior stakeholders and shape enterprise risk perspectives

Proven ability to lead diverse teams and influence across functions and levels, including executive leadership

Demonstrated experience in stress testing, capital analysis, and risk reporting

Exceptional communication and relationship management skills

Bachelor's degree required

Preferred

Experience with asset-intensive reinsurance, structured credit, privates, and real estate investments preferred

Knowledge of regulatory frameworks such as NAIC, ORSA, and other insurance capital standards preferred

MBA, CFA, or FRM preferred

Benefits

Leave programs

Adoption assistance

Student loan repayment programs

Company

New York Life Insurance Company

For over 180 years, we’ve helped turn your biggest dreams into milestones that last a lifetime.

Founded in 1845

New York, New York, USA

10001+ employees

https://www.newyorklife.com/

H1B Sponsorship

New York Life Insurance Company has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (149)

2024 (99)

2023 (85)

2022 (77)

2021 (48)

2020 (65)