<p>Overview:</p> <p>This position will report into the CRO of Talcott's US based Life and Annuity businesses in Enterprise Risk Management (ERM). The ERM team is composed of Actuaries, CFA's, and risk professionals and is tasked with, among other things:</p> <ul> <li>Identifying and assessing financial risks, including credit, equity, interest rate, FX, and liquidity Risks </li><li>Supporting the development and testing of the Company's Risk Appetite related to enterprise financial risks </li><li>Supporting the development of Enterprise Risk Tolerances and limits for market risks </li><li>Overseeing the company's hedging program and other risk mitigation activities </li><li>Risk monitoring; and supporting internal and external risk reporting </li></ul> <p>Talcott is pursuing an ambitious growth plan and our team will be actively involved in evaluating the opportunities by providing support with assessing optimal ALM, capital-efficient and derivative strategies.</p> <p>Primary Responsibilities:</p> <ul> <li>Assist in monitoring and managing existing hedge positions and open risk on legacy and reinsured blocks of business </li><li>Assist in creation and review of economic scenarios (deterministic and stochastic) </li><li>Assist in reviewing potential blocks of business for acquisition and evaluating potential hedge strategies </li><li>Assist in reviewing liquidity risks across the enterprise and recommending stress tests for liquidity analysis at operating company and enterprise level </li><li>Assist in the assessment of risks embedded in the products that include capital markets modeling of guarantees, examination of product features and functions, and review of model implementations </li><li>Collaborate with the Hedge Trading Desk to explore risk return profiles and trading analytics </li><li>Partner with the Investment Management, ALM, Treasury, Finance and Actuarial teams to assess impact of various ALM and hedge strategies </li></ul> <p>Qualifications:</p> <ul> <li>Understanding of variable and fixed annuity risk and profit profile as well as the modeling for these risks-fixed indexed annuity experience a plus </li><li>Strong Mathematical and analytical skills coupled with knowledge on fixed income asset classes, pricing models, complex derivatives, and numerical derivatives pricing techniques </li><li>Proficiency with spreadsheet and database applications, including the ability to automate tasks using VBA/SQL or other macro programming languages </li><li>Ability to perform ad hoc analysis under binding time constraints, the desire to take pride in and ownership of work products and presentation, intellectual curiosity, excellent communication skills, and the willingness to "do what it takes" to meet critical objectives </li><li>Ability to multi-task and effectively balance short-term and long-term priorities </li><li>ASA, FSA, CFA, or Masters in Financial Engineering is highly desirable </li><li>Knowledge of Statutory and GAAP accounting principles. </li><li>Ability to form and maintain strong working relationships with individuals of all levels from other departments </li></ul>