Capital Risk Lead

| Greater Boston Area

At MassMutual, we’re passionate about helping millions of people find financial freedom and this passion has driven our approach to developing highly interactive digital experiences for our customers.

The Capital Risk Team aims to provide timely and value-added insights that are integrated into how MassMutual evaluates, rewards and makes strategic decisions related to risk, capital and value. In order to achieve this vision, the team is setting a number of expansive objectives that build on its strong foundation with the view to increasing the impact and connectivity across the organization.

To help us achieve our mission, we are hiring a Capital Risk Lead to join our team. This role provides an opportunity to join the team at an exciting time and make a meaningful impact while working with various partners across the organization.

What great looks like in this role

The ideal Capital Risk Lead candidate is someone who demonstrates the ability to:

  • Adapt and thrive in complex, uncertain and changing situations
  • Manage priorities effectively and adapt quickly to achieve goals
  • Inform and influence others clearly, timely and appropriately
  • Build a deep understanding of business to guide decisions and actions that support strategy
  • Demonstrate ability to identify, assess and manage the interpersonal dynamics of self and others in a variety of situations

In this role, you will need to be able to work independently, quickly understand and assess a situation, and collaborate within and across teams to effect positive change. You will use your skills to help increase the positive impact of the Capital Risk team on the organization, by leading initiatives to enhance the team’s framework while also providing support to ensure ongoing requirements and demands on the team are met.

Objectives of this role

  • Work closely with the Head of Capital Risk, and the Heads of the Asset and Liability Analytics teams respectively to understand the current economic framework and identified priorities for enhancement from a methodology, modeling and application perspective
  • Lead the process to reunderwrite elements of our existing economic framework – understand details of current framework, lead research and analysis into alternative approaches, engage with key stakeholders internally to drive consensus on critical areas, and ensure there is clear, controlled documentation for internal reference and communication
  • Lead the process to enhance the governance and control procedures of the Capital Risk team, by building on the team’s current framework and leveraging expertise from other partners (e.g., Model Risk Management, Controllers, Internal Audit) to ensure our processes around methodology and modeling reflect best practices in this area
  • Become familiar with the team’s ongoing production and reporting processes, as well as broader initiatives underway at the firm relevant to the Capital Risk team, so that you are in a position to provide ad hoc support in these areas as needed.

Skills and qualifications

  • Applies broad or deep expertise in pricing, valuation, research, risk management and/or other actuarial functions.
  • Executes complex projects, utilizing business acumen to manage potential issues and conflict.
  • Can conduct research independently, distill findings into concise summary of key conclusions and recommendations.
  • Influences and engages actuaries and non-actuaries and effectively communicates technical and non-technical information.
  • Navigates complexity and ambiguity, resourcefully identifies multiple solutions to a problem, and anticipates and evaluates potential courses of action.
  • Possesses the relevant actuarial credential for the role, and may have additional credentials.
  • Brings experience of developing and implementing economic frameworks at US insurer
  • Preferred qualifications
  • Advanced degree in Finance, Econometrics, Statistics, Mathematics, Physics, or another quantitative discipline
  • 10+ years of experience in financial services or insurance
  • Expert working knowledge of economic value / capital modeling
  • Technical qualification in finance, insurance and/or capital markets e.g., CFA, FSA or similar financial qualification

Read Full Job Description

Technology we use

  • Engineering
  • Product
  • Sales & Marketing
    • .NETLanguages
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    • ExpressFrameworks
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Location

We currently have two Boston office locations at both 470 Atlantic Ave and One Marina Park.

An Insider's view of MassMutual

What’s the vibe like in the office?

We work in an open floor plan, so there is a lot of opportunity for networking across roles, teams and levels. Everyone is very friendly and welcomes the opportunity to get to know other people on the floor.

Kristina

Digital Adoption Team Lead

What's the biggest problem your team is solving?

You don’t think of insurance as a hotbed for innovation but the very nature of our organization, Digital Experience, is to reimagine how a 168-year old company does business with its customers. Our Design team takes pride in an inclusive design process with everyone invited to provide feedback, from Product to Engineering to QA.

Maria

Digital Lead - Design

What makes someone successful on your team?

Successful people on my team are: passionate, curious, receptive, and engaged. Each team member is expected to be passionate about the work that they do, and the domains in which they practice. They are always solving unique problems and must be curious about finding new solutions.

David

Digital Lead

How do you empower your team to be more creative?

I encourage my team to embark on ‘deep work’ at least once a week on a ‘meeting-free’ designated day. We have design reviews to brainstorm alternative ways to solve business problems from a software engineering point of view. We consider self-reflection and brainstorming to be fundamental components of creativity.

Mike

Head of Data Science Software Engineering

How do your team's ideas influence the company's direction?

One of our projects is an application we built for our Investment Mgmt team called ViPER (Visualizing Investment Portfolio Enhanced Reporting). The application makes it easy to manage reports and get insights from Data Science models. Now with ~150 active users, it reflects how we’re using DS to facilitate data driven decision processes across MM.

Jasmine

Head of Data Science - Investments Domain

What are MassMutual Perks + Benefits

MassMutual Benefits Overview

At MassMutual, employees have the opportunity to earn a competitive salary and bonus, enroll in an
array of benefits, and participate in programs and services that support healthy lifestyles, assist them
in building financial security for themselves and their families and help them live well-balanced lives.

Culture
Volunteer in Local Community
Every action supporting a common cause is meaningful, and our employees make a difference in their own communities through our Matching Gift, Matching Time and Volunteer Time Off Programs.
Partners with Nonprofits
Every year, MassMutual and the MassMutual Foundation invest more than $20 million focused on advancing economic opportunity.
Intracompany Committees
Daily Stand-up
Team-Owned Deliverables
Open Office Floor Plan
Diversity
Dedicated Diversity/Inclusion Staff
Highly Diverse Management Team
More than half of our Board of Directors are comprised of women and people of color, making it one of the most diverse groups in the industry.
Unconscious Bias Training
Diversity Manifesto
Someone's Primary Function is Managing the Company's Diversity and Inclusion Initiatives
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
A health care flexible spending account (FSA) allows employees to save money on a before-tax basis for eligible medical, dental and vision expenses, subject to IRS limits.
Disability Insurance
For details on short term and long term disability insurance please visit https://www.massmutual.com/-/media/files/employee_benefits.pdf
Dental Benefits
Basic Dental covers preventive and basic restorative care; Major Dental covers all that Basic covers, plus restorations and orthodontia (limits apply).
Vision Benefits
Health Insurance Benefits
To learn more about our Health and Welfare Benefits please visit: https://www.massmutual.com/-/media/files/employee_benefits.pdf
Life Insurance
For more information about our Life Insurance Benefits please visit: https://www.massmutual.com/-/media/files/employee_benefits.pdf
Wellness Programs
Onsite Gym
Retirement & Stock Options Benefits
401(K)
In addition to our 401(k), MassMutual a cash balance plan that provides an account-based pension benefit based on accruals of pay credits and interest credits.
401(K) Matching
Performance Bonus
Match Charitable Contributions
Every action supporting a common cause is meaningful, and our employees make a difference in their own communities through our Matching Gift and Matching Time Programs.
Child Care & Parental Leave Benefits
Child Care Benefits
Dependent care flexible spending account to allow you to set aside before tax dollars to pay for certain eligible child care expenses.
Generous Parental Leave
Leave for birth mothers of 18 weeks of fully paid leave. Non-birth mothers, fathers and adoptive parents eight weeks of fully paid parental leave.
Flexible Work Schedule
Flexible work arrangements, including telecommuting, are available in many departments across the company.
Family Medical Leave
Caregiver leave: Up to two weeks paid leave to care for a loved one. Bereavement Leave: 15 days of paid time off to grieve the loss of a loved one with the employee defining who the loved one is.
Adoption Assistance
Vacation & Time Off Benefits
Generous PTO
Paid holidays: 9 fixed and 1 floating. Vacation: starts at 19 vacation and personal days per calendar year, with increases at 5-year service intervals.
Paid Volunteer Time
Three days of paid time off is available to employees annually to give back to their communities, by sharing their time and talent with a cause close to their heart.
Paid Holidays
Paid Sick Days
Occasional illness: up to 5 days per calendar year.
Perks & Discounts
Casual Dress
Commuter Benefits
Professional Development Benefits
Job Training & Conferences
Tuition Reimbursement
Lunch and Learns
Cross-Functional Training Encouraged
Promote from Within
Online Course Subscriptions Available
Customized Development Tracks
Paid Industry Certifications

Additional Perks + Benefits

To learn more about our comprehensive benefits please visit: https://www.massmutual.com/-/media/files/employee_benefits.pdf

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