MassMutual header image
MassMutual
We help people secure their future and protect the ones they love.
Boston, MA

Investment Risk Consultant (Hybrid) (Greater Boston Area, MA)

| Greater Boston Area
Apply Now
By clicking continue you agree to Built In’s Privacy Policy and Terms of Use.

The Opportunity

As an Investment Risk Consultant within the Capital & Investment Risk Management team, you will be assisting with identifying and managing the financial risks arising from MassMutual's investment portfolios. The ideal candidate will employ investment and risk knowledge to create analysis that drives decisions on financial risks taken by the firm. This position requires quantitative, analytical and innovative acumen to help the team identify emerging risks to business objectives and assist the 1st-line functions in decisions and actions for managing risks, including the execution of risk mitigation strategies.

You will join a diverse team to enhance the organization's investment risk management capabilities, by enhancing existing tools as well as designing and developing new tools and frameworks to provide required insights to monitor and manage these risks.

Reporting to the Head of Portfolio Risk Management, you will work with the capital risk, credit risk and asset analytics teams within ERM as well as the senior management and leaders and risk owners across all lines of business, actuarial, ALM, finance and investment teams . This is an excellent opportunity to collaborate with the portfolio managers and other 1st-line teams and have direct impacts on the risk taking and management in the investment portfolios. 

The Team

The Capital & Investment Risk Management team delivers insights and influences decisions regarding MassMutual's investment risk taking and use of capital, in order to protect MassMutual's financial strength and enable it to achieve its strategy. It is responsible for the identification, measurement and analysis of MassMutual's market, credit, liquidity and capital risks. The team recommends risk management strategies and equips senior leadership with information they need to take advantage of opportunities and mitigate risks. Members of the team bring expertise and experience across a range of risk measurement and management disciplines.


Main Responsibilities
• Work with 1st-line functions in the identification, assessment and management of market risks
• Support or lead enhancements to the liquidity risk management framework and implementation of the framework
• Provide risk insights in asset allocations; participate in risk hedging discussions and decisions
• Lead or participate in analysis and management of emerging risks, e.g., climate risk
• Utilize the stress testing and risk appetite results to address business questions and support strategic decision making related to risk, capital, asset allocations and economic value
• Support the discussion and facilitate the execution of agreed upon portfolio risk mitigations 
• Evaluate risk/return considerations and articulate acceptable boundaries consistent with the overall risk limit framework and risk appetite for both in-force and new product related initiatives
• Develop risk reporting to inform decisions by the Board of Directors, senior management and risk committees on risk management activities and the status of key financial risks
• Make recommendations related to risk treatment based on analysis of costs, benefits and expected value, and drive changes to achieve expected results
• Develop and analyze key risk indicators and risk quantification results and work with lines of business to continuously improve the process for identifying, assessing, monitoring and enhancing risk indicators and metrics
• Participate in cross-functional groups to help mature the risk management framework, and ensure incorporation of financial risk management in the development of new processes and products
• Design and lead training and education of those charged with managing financial risk, and to create risk awareness education for middle management and front-line employees

Teamwork
• Build solid relationships with the risk owners/ first line of defense, and have the ability to influence these interested parties to improve their risk management as needed
• Work closely and collaboratively with people across MassMutual to help complete projects
• Facilitate consistency of adoption of financial risk practices across the enterprise business units and subsidiaries
• Lead continuous process improvements

The Minimum Qualifications
• Bachelor's degree in finance, business, economics or another quantitative discipline
• 5 years of capital markets experience
• Solid knowledge of various types of fixed income assets
• Direct experience with the insurance and annuity business
• Deep understanding of economic, statutory and GAAP regimes
• Highly effective critical thinking and abstract reasoning acumen that can apply information from disparate sources to form a cohesive analysis. Ability to identify the key financial risks to business objectives and potential risk mitigation alternatives for management action
• Ability to communicate in clear and concise language both verbally and in writing, and comfort in presenting information to all levels of the organization
• Excellent interpersonal skills; ability to work with others and lead risk-related discussions

The Ideal Qualifications
• Advanced degree in finance, business, economics or another quantitative discipline
• 7+ years of capital markets experience with CFA, FRM, CAIA, FSA, ASA, or similar financial designations, preferably in investment management or investment risk management
• Experience with climate risk in an investment portfolio is a strong plus
• Derivative and hedging experience
• Experience leading and driving solutions involving multiple layers of management
• Comfort with ambiguity and complexity and the acumen to manage it; ability to explore multiple permutations and potential solutions to a problem
• Strong leadership skills; willingness to take on lead role in complex and ambiguous situations involving activities not directly associated with well-defined financial risk responsibilities
• Strong matrix management skills; ability to manage multiple projects across the enterprise
What to Expect as Part of MassMutual and the Team
• Regular meetings with the various teams within ERM, Investment Management and Finance 
• Focused one-on-one meetings with your manager
• Access to mentorship opportunities
• Networking opportunities including access to Asian, Hispanic/ Latinx, African American, women, LGBTQ, Veteran and disability-focused Business Resource Groups
• Access to learning content on Degreed and other informational platforms
• Your ethics and integrity will be valued by a company with a string and stable ethical business with industry leading pay and benefits

#LI-CR37

MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.

At MassMutual, we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.

See More
Apply Now
By clicking continue you agree to Built In’s Privacy Policy and Terms of Use.

Where we are

We're excited to have our new campus opened at 10 Fan Pier in Boston's Seaport Neighborhood and to welcome our Boston based employees to come to campus on a voluntary basis.

Technology we use

  • Engineering
  • Product
  • Sales & Marketing
    • JavaLanguages
    • JavascriptLanguages
    • KotlinLanguages
    • PythonLanguages
    • RLanguages
    • RubyLanguages
    • ScalaLanguages
    • BashLanguages
    • GroovyLanguages
    • D3JSLibraries
    • ReactLibraries
    • ReduxLibraries
    • Twitter BootstrapLibraries
    • Redux SagaLibraries
    • ExpressFrameworks
    • Node.jsFrameworks
    • Ruby on RailsFrameworks
    • SparkFrameworks
    • SpringFrameworks
    • TensorFlowFrameworks
    • Microsoft SQL ServerDatabases
    • MongoDBDatabases
    • PostgreSQLDatabases
    • SQLiteDatabases
    • TeradataDatabases
    • Google AnalyticsAnalytics
    • OptimizelyAnalytics
    • TealiumAnalytics
    • SnowplowAnalytics
    • LookerAnalytics
    • IllustratorDesign
    • InVisionDesign
    • PhotoshopDesign
    • SketchDesign
    • Aha!Management
    • BasecampManagement
    • ConfluenceManagement
    • JIRAManagement
    • TrelloManagement
    • WordpressCMS
    • HubSpotCRM
    • SalesforceCRM
    • SendGridEmail
Previous
Next

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. https://www.massmutual.com/about-us/corporate-responsibility/foundation
Eat lunch together
Intracompany committees
Daily sync
Team owned deliverables
Team based strategic planning
Open office floor plan
Diversity
Documented equal pay policy
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
Diversity Employee Resource Groups
Hiring Practices that Promote Diversity
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
Mental Health Benefits
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
Game Room
Fitness Subsidies
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

An Insider's view of MassMutual

What's something quirky about your company?

Unique to MassMutual is that the cyber security mission parallels our corporate mission; to help people secure their future and protect the ones they love. Working in Cyber Security is fascinating because you must stay ahead of the threat actors and it's meaningful because you are solving problems that protect our employees and customers.

Lisa

Head of Cyber Business Risk

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

Lead Architect

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

More Jobs at MassMutual