Lead - Quantitative Risk Analytics, Investment Risk at MassMutual

| Greater Boston Area
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In the world of financial services, it’s all about working with an established, highly respected company based on demonstrated indications of quality and performance. Who you choose to work with matters. Consider Massachusetts Mutual Life Insurance Company. 

Founded in 1851, Massachusetts Mutual Life Insurance Company is at the center of the MassMutual Financial Group, a diversified financial services organization. Key subsidiaries include OppenheimerFunds, a leading mutual fund family; Babson Capital Management and Baring Asset Management, providers of specialized global investor services; and Cornerstone Real Estate Advisers which offers real estate equities. MassMutual has a broad portfolio of products and services including life insurance, mutual funds, money management, trust services, retirement planning products, worksite, annuities, disability insurance and long-term care insurance. MassMutual products are distributed through a nationwide network of trusted and knowledgeable financial professionals who think in terms of long-term commitment to meeting individual clients’ needs. Since 1851, MassMutual has made business decisions based on customer needs. Our mutual structure, along with our long-term business approach, has helped keep us strong. This strength means we will be here when our customers need us most. Together, we help people secure their futures and protect the ones they love.

MassMutual has maintained some of the highest financial strength ratings in any industry, and is committed to maintaining a position of preeminent financial strength by achieving consistent, long-term profitable growth. In total, MassMutual's worldwide insurance in-force was $ 579 billion at the end of 2014, and assets under management were $651 billion, up 2%, reaching its highest point in history. MassMutual is ranked 94 on the 2015 Fortune 500 list and was again honored by Working Mother magazine as one of its “100 Best Companies”. DiversityInc for the fourth consecutive year, named MassMutual one of its “25 Noteworthy Companies” and for the first time as one of its “Top 10 Companies for LGBT Employees”.

POSITION SUMMARY:

This is an opportunity to join MassMutual, an organization that is committed be the best company in the industry based on superior financial strength, high dividends and delivery of a high quality customer experience. It’s about our customers – and keeping them at the center of all that we do. Seeing ourselves as our customers do: as MassMutual – One company, one culture, one brand all working toward a shared purpose…. To help people secure their future and protect the ones they love.

In conjunction with more senior staff, incumbent develops, implements, and communicates investment risk-related policies and procedures. May design or develop quantitative/analytic models to help monitor and manage market risk. Responsible for monitoring and analyzing the organization's investment risk exposure on both a day-to-day and long- term basis.

Core to this vision is Risk. We are seeking a Lead, Quantitative Risk Analytics, Investment Risk. He/she will be partnering with risk managers across MassMutual to help measure and manage enterprise risk exposures. In conjunction with other risk managers in portfolio risk management, credit risk management and other areas in ERM, he/she will perform quantitative risk analysis and development to support ERM priorities and help drive innovation.

KEY RELATIONSHIPS:

Reports to: Head of Quantitative Risk Analytics

Other Relationships: A key to success in this position will be the ability to work collaboratively with the portfolio risk management, credit risk management, other teams in Enterprise Risk Management; portfolio managers, asset managers, analysts for the general account (through the CIOs Office) and MassMutual’s asset management subsidiaries.

OVERALL RESPONSIBILITY:

As a member of the ERM investment risk team, responsibilities will include:

  • Management of quantitative research and development initiatives on key investment risk issues including but not limited to investments, hedging and ALM;
  • Develop risk management tools and enhance technical infrastructure to support ERM objectives and priorities
  • Contribute to market and/or credit risk reporting and analysis: identifying potential risks and opportunities for the enterprise;
  • Improve market risk models and risk assessment frameworks, including regular production of reports for management;
  • Help prepare presentations to summarize analysis performed and make key recommendations
  • Develop, in cooperation with portfolio managers and analysts, monitoring capabilities of key risk indicators and trends for market and/or credit risk assessment;

CANDIDATE QUALIFICATIONS:

  • 7+ years of relevant work experience in quantitative analysis, investment risk management & hedging;
  • Deep understanding of derivatives, hedging and quantitative management and experience working in risk management; familiarity with FX a plus;
  • Extensive experience in modeling and performing detailed risk analysis of different types of assets classes;
  • An advanced degree in Financial Engineering, Mathematics, Physics, Engineering or similar quantitative discipline preferred;
  • CFA or FRM preferred;
  • Understanding of the insurance industry is desirable;
  • Well established record of project management;
  • Success working in collaborative team environment with matrix management;
  • Strong executive communication and presentation skills; and,
  • Ability to work independently and take initiative.

COMPETENCIES:

Critical Thinking Focuses on important information without getting bogged down in unnecessary detail. Critically and logically evaluates the cost, risks and benefits of alternatives before coming to a solution. Probes and looks past symptoms to determine the underlying causes of problems and issues. Approaches problems holistically; defines connections, linkages, interdependencies and develops solutions.

Drives Results Monitors progress of others and redirects efforts when goals change or are not met. Holds people accountable for achieving their goals. Ensures that others have the resources, information, authority and support needed to achieve objectives.

Decision Making Recognizes the broad, systemic implications of problems and issues. Makes quick decisions in high stake situations, crises, or conditions of uncertainly. Takes responsibility for communicating and implementing decisions.

Influence Cultivates networks through the organization to garner support and create a foundation for influence. Negotiate persuasively to create win-win solutions for all parties. Projects self-assurance and confidence without arrogance

Communication Successfully delivers difficult and/or complex messages. Delivers compelling presentations, particularly under significant challenges, Communicates in a confident style; adapts and changes tactics to help others understand multiple points of view.

Winning Ways:
 

  • Focus on the Customer – Know your customers well; add value with a level of urgency.
  • Act with Integrity- Adhere to a strict code of ethics and MassMutual Values; be trustworthy.
  • Value People – Lead people to success; appreciate diverse ideas and experiences.
  • Work Collaboratively – Partner with others to achieve results that leverage the right resources.
  • Achieve Results – Focus on winning; consistently exceed expectations.

COMPENSATION:

We pay competitive base salaries and we reward performance. Our salary structure is commensurate with experience. In addition, you will be eligible to participate in our comprehensive benefits program including medical insurance and 401(K).

Read Full Job Description

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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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