Head of Credit Risk Management - Investment Risk

| Greater Boston Area

POSITION SUMMARY

The Head of Credit Risk Management for MassMutual’s Enterprise Risk Management (ERM) works with risk managers and investment managers across MMFG to identify, quantify and analyze enterprise credit risk. He/She works with MassMutual, its insurance subsidiaries, Oppenheimer, Barings, and MassMutual’s Chief Investment Officer (CIO) to evaluate and implement quantitative risk models to measure and manage the portfolio default and migration risk in the context of potential returns.
Position will be based in Boston and must be willing to travel to Springfield (approx. 1.5 hour drive from Boston) or elsewhere as needed
KEY RELATIONSHIPS
Reports to: Head of Investment Risk (ERM)
Other Relationships: CRO and Staff, CIO and Staff, Investment Staff at Subsidiaries, Product Development, Finance, Legal, External Industry Experts, Regulators and Rating Agencies
OVERALL RESPONSIBILITIES
•As a member of ERM’s investment risk team and in coordination with MassMutual’s CIO, lead the development and/or enhancement of credit risk models to measure and manage enterprise default and migration risk
•Produce enterprise credit risk analytics to support risk/reward decision making
•Work with other members of the investment risk team to integrate credit risk into the overall enterprise investment risk framework, considering correlations and interdependencies
•Provide credit risk modeling leadership to other ERM members to support MassMutual’s risk appetite and top risks processes
•Work with MM ERM investment risk staff to develop and execute portfolio credit risk stress testing, as needed
•Partner with MassMutual’s investment management to assess portfolio credit risk and performance, to align and improve assessments of risk as appropriate
•Communicate to internal constituents credit risk related topics
CANDIDATE QUALIFICATIONS
•10+ years of relevant work experience in quantitative credit risk management
•Deep understanding of global capital markets
•Proven understanding and applied experience with credit risk modeling and analysis
•Strong intellectual curiosity
•Superior analytical and strategic thinking skills
•Strong written and verbal communication skills
•Deep knowledge of financial and econometric modeling and simulation techniques
•Familiarity with insurance company financial statements is highly desirable
•FRM and/or CFA preferred
•Experience working with well-established industry credit risk models (Moody’s, Kamakura, etc.)
•Well established record of client relationship management, project management and personal development
•Must be authorized to work in the US without sponsorship now or in the future

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Location

470 Atlantic Avenue, Boston, MA 02110

An Insider's view of MassMutual

How do you collaborate with other teams in the company?

As a Product Owner, I spend most of my time collaborating with others across different business units. On any given day, I could be spending time brainstorming design concepts of upcoming features with our design team or assisting them with presenting these concepts to outside users as part of our user testing process.

Ryan

Digital Product Owner

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

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 Product Manager

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.

Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Wellness Programs
Retirement & Stock Options Benefits
401(K)
401(K) Matching
Child Care & Parental Leave Benefits
Child Care Benefits
Generous Parental Leave
Adoption Assistance
Vacation & Time Off Benefits
Generous PTO
Paid Volunteer Time
Paid Holidays
Paid Sick Days
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