Stable Value Lead - Investments, Risk, Quantitative

| Greater Boston Area

POSITION SUMMARY

Reports to: Head of Pension Risk Transfer & Institutional Actuarial (MMUS Institutional Solutions)

JOB DESCRIPTION

MassMutual is seeking an accomplished Quantitative Investment Management Professional or Investment Actuary to join the company’s Institutional Actuarial team within MassMutual Institutional Solutions. The Institutional Businesses are undergoing growth and represent a key component of the company’s business strategy. In this individual contributor role, the incumbent will utilize their influence, business, investment and technical knowledge to influence strategy and execute on driving risk controlled profitable growth. The primary responsibilities will be to oversee and monitor the fixed income investment portfolios underlying the Stable Value wrapped Products for both affiliated and third party asset managers across business channels and manage the risks inherent in these products relative to the investments. Key areas of focus include Investment analysis, Portfolio Risk Management, Portfolio modeling and product management of the Stable Value Products. This role will require combining strong technical investment risk management and portfolio monitoring skills in relation to the liability risks of the wrapped products. The role involves collaboration, and effective communication with internal business lines, corporate and other MassMutual functions, as well as involve interaction with external clients, intermediaries and partners. Specific responsibilities include:

  • Leading the Institutional Business Stable Value Product investment risk monitoring
  • Analyzing in depth available portfolio information underlying nearly 80 portfolios across various investment mandates representing over $30 Billion in assets
  • Project management for continually improving the analysis and management of the portfolios backing separate account and synthetic GIC products
  • Liaison with Investment, Corporate, and Business teams as needed on stable value investment portfolios and strategies.
  • Monitoring the in-force – portfolios that are wrapped by MassMutual and analysis of new business as it relates to a review of unique investment portfolios, due diligence and investment guidelines in partnership with business and Investment Management
  • Database management, analytics and building dynamic asset models for analysis of stable value investment portfolios
  • Leading other significant projects related to fixed income investments for Institutional Products
  • Presenting complex analyses and concepts to executive management, without supervision
  • Regular Reporting on stable value investment portfolios
  • Solicit & analyze competitive and benchmarking data
  • Understanding the markets we serve and working within the confines of the market
  • Monitoring interest rates, fixed income markets and relating market happenings to our products.

QUALIFICATIONS

  • An accomplished Quantitative Investment, Risk Management or Actuarial professional with experience in analysis of investments supporting stable value or similar investment based products
  • 10+ years of experience in fixed income investments or stable value investments as it relates to quantitative analysis and risk oversight of portfolios
  • Exceptionally strong knowledge of fixed income markets and instruments
  • Deep knowledge and expertise in portfolio analytics, database management and investment modelling
  • Demonstrates initiative and sense of urgency; takes ownership and is results-orientated
  • Demonstrates the ability to manage large project teams in order to deliver quality outcomes on time, within scope and within budget.
  • Demonstrates strong business acumen and intellectual curiosity within and outside of the Institutional Solutions business.
  • Ability to effectively manage and deliver on multiple concurrent deliverables
  • Disciplined approach to strategic initiatives, business projects and day-to-day activities
  • Ability to analyze and comprehend complex information, as well as convey complex materials to non-technical audiences
  • Comfortable dealing with both complexity and ambiguity, with ability to explore multiple solutions to a problem
  • Detail oriented with strong analytical, critical thinking and problem solving skills
  • Excellent interpersonal and communication skills (written, verbal, presentation)
  • Advanced business degree and/or professional qualifications

PREFERRED QUALIFICATIONS

  • FSA, CFA, or other actuarial or quantitative designation preferred

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Technology we use

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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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