Head of Market Risk Management

Who We Are

At Corebridge Financial, we believe action is everything. That’s why every day we partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow.

We align to a set of Values that are the core pillars that define our culture and help bring our brand purpose to life:

• We are stronger as one: We collaborate across the enterprise, scale what works and act   decisively for our customers and partners.
• We deliver on commitments: We are accountable, empower each other and go above and beyond for our stakeholders.
• We learn, improve and innovate: We get better each day by challenging the status quo and equipping ourselves for the future.
• We are inclusive: We embrace different perspectives, enabling our colleagues to make an impact and bring their whole selves to work.

Who You'll Work With - Institutional Markets

Corporations and Financial Institutions need protection options and investment products just like individuals, and Institutional Markets has proved to be a trusted partner. We offer a diverse set of solutions including Pension Risk Transfer, Structured Settlements, Stable Value Wraps, Corporate Markets/High Net Worth and Guaranteed Investment Contracts. These products are distributed through investment banks, specialized marketing organizations, institutional brokers/consulting firms and direct interaction with the clients. The Strategy Group, which includes Reinsurance, Quantitative Strategy, and Corporate Development, is responsible for managing risk across the organization through evaluation, structuring and execution of assumed and ceded reinsurance, as well as mergers and acquisitions.

About The Role

Market Risk Management is a multi-disciplinary financial asset and derivatives team that applies state-of-the-art technology in performing highly dynamic work. Our mandate is to manage one of the most complex derivatives available today: retirement guarantees. In service of that mandate, we manage a $50 billion+ multi-asset hedging portfolio, do research and development of new retirement products, and provide modeling and analytics expertise for the business. We are part of a larger organization but cultivate the entrepreneurial spirit of a small start-up.

Responsibilities

• Lead the daily management of the derivatives book.

• Manage the portfolio and operations of the FIA/IUL hedging book.

• Aggregate and analyze risk data on both assets and liabilities.

• Ensure accurate and up-to-date risk reporting.

• Perform quantitative analysis on large scale asset and derivative portfolios.

• Advance new hedging strategies.

• Support new product designs.

• Interact/maintain close relationship with banks and investment community to stay abreast of new developments in capital markets space.

• Provide technical expertise to questions from internal and external sources.

• Understand P&L drivers and construct any necessary tools to facilitate risk and P&L analysis.

• Lead the assessment of suitability and performance of pricing and risk models, working with key stakeholders to address material deficiencies.

• Continuously review limit and reporting framework to ensure appropriateness in light of new trades, business strategy, new product risk factors and market conditions.

• Analyze Inforce positions and portfolios with respect to market and credit risk exposures across broad range of products, which may include interest rate, foreign exchange, fixed income, equity, volatility, commodity and their derivatives.

• Liaise with and develop effective & constructive working relationships with a diverse set of stakeholders including Sales and Trading, Finance, Tech, Operations and others.

• Manage a team of 20 employees.

Skills and Qualifications

• At least 10 years of relevant experience in the financial services industry.

• Bachelor’s degree in areas of Economics, Finance, Mathematics, Statistics, Business, or Engineering (or a similar quantitative discipline), with masters preferred.

• Advanced computer skills, including experience programming in SQL, Python or other programming languages.

• Applicant must have advance knowledge of derivatives markets and various pricing methodologies, including trading and market characteristics, pricing, market liquidity and volatility.

• Strong communication, interpersonal and organization skills with an ability to effectively execute tactical plans.

Compensation

The position offers a competitive base salary and is eligible for a discretionary bonus in accordance with the terms of the applicable incentive plan.

Corebridge also offers a range of competitive benefits as part of the total compensation package, as detailed below.

Work Location

This position is based in Corebridge Financial’s Houston, TX office and is subject to our hybrid working policy, which gives colleagues the benefits of working both in an office and remotely.

Estimated Travel

May Include up to 25% Travel.

#LI-SB1  #LI-SAFG #LI-Hybrid

This role is deemed a “covered associate” under SEC Rule 206(4)-5, 17 CFR § 275.206(4)-5, Political contributions by certain investment advisers, and other federal and state pay-to-play rules. Candidates for the role must not have made any political contributions that, under 17 CFR § 275.206(4)-5 or other federal or state pay-to-play regulations, would disqualify the candidate or Corebridge Financial from conducting Corebridge Financial’s business, or that would otherwise create a conflict of interest for Corebridge Financial. Applicants who are selected to move forward with the application process will be required to disclose all U.S. political contributions they and their household family members have made over the past two years.

Why Corebridge?

At Corebridge Financial, we prioritize the health, well-being, and work-life balance of our employees. Our comprehensive benefits and wellness program is designed to support employees both personally and professionally, ensuring that they have the resources and flexibility needed to thrive.

Benefit Offerings Include:

• Health and Wellness: We offer a range of medical, dental and vision insurance plans, as well as mental health support and wellness initiatives to promote overall well-being.
• Retirement Savings: We offer retirement benefits options, which vary by location.  In the U.S., our competitive 401(k) Plan offers a generous dollar-for-dollar Company matching contribution of up to 6% of eligible pay and a Company contribution equal to 3% of eligible pay (subject to annual IRS limits and Plan terms). These Company contributions vest immediately.
• Employee Assistance Program: Confidential counseling services and resources are available to all employees.
• Matching charitable donations: Corebridge matches donations to tax-exempt organizations 1:1, up to $5,000.
• Volunteer Time Off: Employees may use up to 16 volunteer hours annually to support activities that enhance and serve communities where employees live and work.
• Paid Time Off: Eligible employees start off with at least 24 Paid Time Off (PTO) days so they can take time off for themselves and their families when they need it.

Eligibility for and participation in employer-sponsored benefit plans and Company programs will be subject to applicable law, governing Plan document(s) and Company policy.

We are an Equal Opportunity Employer

Corebridge Financial, is committed to being an equal opportunity employer and we comply with all applicable federal, state, and local fair employment laws. All applicants will be considered for employment based on job-related qualifications and without regard to race, color, religion, sex, gender, gender identity or expression, sexual orientation, national origin, disability, neurodivergence, age, veteran status, or any other protected characteristic. The Company is also committed to compliance with all fair employment practices regarding citizenship and immigration status. At Corebridge Financial, we believe that diversity and inclusion are critical to building a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our colleagues are respected as individuals and valued for their unique perspectives.

Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees, including any accommodations needed on the basis of physical or mental disabilities or sincerely held religious beliefs.  If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to TalentandInclusion@corebridgefinancial.com.  Reasonable accommodations will be determined on a case-by-case basis, in accordance with applicable federal, state, and local law.

We will consider for employment qualified applicants with criminal histories, consistent with applicable law.

To learn more please visit: www.corebridgefinancial.com

Functional Area:

FA - Finance

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: No

American General Life Insurance Company