Manager, Investment Risk

Summary

Join Fidelity & Guaranty Life Insurance Company (F&G) as the Manager, Investment Risk and manage key aspects of investment and credit risk modeling. Oversee and approve data inputs and assumptions, conduct investment analytics and reporting, and establish investment policy through risk appetite analysis. Develop and implement reporting process enhancements and refine risk monitoring methodologies. Collaborate with the Risk team, other functional areas (Investments, Finance, Legal, IT), and external asset managers. This role reports to the Director, Financial & Investment Risk and offers a flexible work environment.

Requirements

• Bachelor’s degree in mathematics, economics, investments or related field
• 7 years of investment risk management experience or investment-related experience
• Strong capabilities in MS Excel, familiarity with MS Access & SQL, and demonstrated capability to learn to work with modeling and analytic platforms such as Bloomberg, Aladdin and risk or ALM modeling platforms
• Effective verbal and written communication skills
• Superior analytical and problem-solving skills
• Team player who is comfortable working in a dynamic, entrepreneurial environment
• Regular and punctual attendance
• Perform other functions, duties and projects, as assigned
• Some travel may be required (less than 10%)

Responsibilities

• Manage expansion, enhancement and ongoing maintenance of asset models focused on credit risk and capital implications, including validation and approval of inputs and assumptions, analysis and reporting of credit risk analytics and results, and driving decision making from the model results
• Manage, enhance, and validate investments governance and documentation, including investment guidelines, and investment policies and limits, to reflect changing macro variables, changing company structure, reinsurance arrangements, regulatory updates and industry changes/reforms
• Manage and automate investment monitoring and reporting tools and systems, including investment limits based on liquidity, credit risk, capital at risk, and regulatory compliance reporting
• Partner with the Investments team to enhance portfolio monitoring and guide strategic decision-making
• Liaise with external asset managers to provide timely regular updates to reporting and analytics, scenario modeling, and data needs for improved and timely support of credit loss models and compliance reporting
• Liaise with partners in Finance and Actuarial to support platform modernization projects to best leverage the platforms for investment analytics, monitoring and compliance reporting, to help drive improvements to asset and ALM modeling, and to provide guidance and support for the successful completion of the modernization projects
• Work collaboratively with other personnel in the Risk department, supporting the expansion of the risk function
• Support efforts to grow distribution, helping to provide input to risk governance and feedback to the launch of new products and distribution channels
• Promote risk informed decision making across the enterprise
• Support new reinsurance due diligence, establish/negotiate investment guideline, and operationalize process for monitoring
• Work closely with Investment Portfolio Analytics and external asset managers to report on portfolio metrics, provide analytical insights, and identify emerging risks
• Evaluate best practice credit risk modeling
• Assist with any ad-hoc analytical requests

Preferred Qualifications

• CFA, ASA, FRM and/or MFE designation
• Experience with asset modeling, monitoring, and analytics
• Strong capabilities with Bloomberg, Aladdin or similar modeling and investment systems
• Demonstrated proficiency of Python through work projects
• Knowledge of cloud technologies such as Snowflake, AWS, Azure and GCP

Benefits

F&G believes in an employee-centric flexible environment, which is why we offer the ability for in-office, hybrid and remote work arrangements