Market Risk Actuary - Whippany, United States
MetLife · United States · 1mo ago
Join our Global Risk Management Group, where you’ll play a key role in safeguarding the company, ensuring we deliver on our commitments to customers and stakeholders, and driving responsible growth. As part of our team, you’ll identify, monitor, and mitigate both financial and non-financial risks across the organization. Leverage your expertise as the second line of defense to advise our business on effective risk management strategies. This means challenging ideas, implementing robust controls, and enforcing guardrails to foster responsible business growth. Join us in advancing MetLife’s legacy of trust through exemplary risk management practices.
As part of the Market Risk team within the Global Risk Management organization, the Market Risk Actuary will be responsible for the ongoing management and advancement of Replicating Portfolio (RP) and other ALM and risk management models which analyze impacts on GAAP, Stat and Economic views.
RP is a proxy liability model to estimate how economic liability changes under different market environments and generate insightful data for ALM and risk management decisions. The Market Risk Actuary will work with ALM departments globally and BlackRock to ensure RPs are calibrated and performing as expected. Additionally, the Market Risk Actuary will complete development of new RP and make further advancement using AI / ML methods.
The Market Risk Actuary will also maintain and enhance other ALM and risk management models with AI or through automation. Additionally, this role will support the AVP & Actuary in Market Risk team in strategic initiatives for market risk management.
- Manage the current RP model on a quarterly basis and evaluate RP performance
- Lead the transition of the RP model to Python and enhance capabilities using AI/ML techniques.
- Manage and improve ALM and risk management models through automation and advanced analytics.
- Support Market Risk governance activities, including working groups and committee operations.
- Conduct risk analysis and provide insights for strategic business initiatives.
- Bachelor’s degree in mathematics, statistics, actuarial science, finance, or a related quantitative field.
- ASA or FSA actuarial designation.
- Strong modeling and programming skills, including Excel and languages such as Python, VBA, R, or C++.
- Deep knowledge of statistics, optimization, valuation, and AI/ML techniques.
- 5+ years of experience with exceptional analytical, mathematical, and organizational capabilities.
- Intermediate understanding of insurance risk management and ALM practices, derivative products, insurance products, and investment assets
- Educational background or experience in Statutory accounting and solvency reporting in any jurisdiction
- Experience of process automation
The expected salary range for this position is $116,300 - $155,100. This role may also be eligible for annual short-term incentive compensation. All incentives and benefits are subject to the applicable plan terms.
Benefits We OfferOur U.S. benefits address holistic well-being with programs for physical and mental health, financial wellness, and support for families. We offer a comprehensive health plan that includes medical/prescription drug and vision, dental insurance, and no-cost short- and long-term disability. We also provide company-paid life insurance and legal services, a retirement pension funded entirely by MetLife and 401(k) with employer matching, group discounts on voluntary insurance products including auto and home, pet, critical illness, hospital indemnity, and accident insurance, as well as Employee Assistance Program (EAP) and digital mental health programs, parental leave, paid time off, paid holidays, volunteer time off, tuition assistance and much more! For more information regarding MetLife’s U.S. benefits, please click here.
Recognized on Fortune magazine's list of the "World's Most Admired Companies", Fortune World’s 25 Best Workplaces™, as well as the Fortune 100 Best Companies to Work For®, MetLife, through its subsidiaries and affiliates, is one of the world’s leading financial services companies; providing insurance, annuities, employee benefits and asset management to individual and institutional customers. With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East.
As part of our New Frontier strategy, MetLife is building an AI-enabled, people-centered future. We’re looking for people who bring curiosity, adaptability, and a growth mindset as we use AI to enhance how we serve customers, support communities, and evolve the way work gets done. At MetLife, AI is a responsible partner that supports human judgment, creativity, and continuous improvement while helping us build trust, inclusion, and long-term value.
Our purpose is simple - to help our colleagues, customers, communities, and the world at large create a more confident future. United by purpose and guided by our core values - Win Together, Do the Right Thing, Deliver Impact Over Activity, and Think Ahead - we’re inspired to transform the next century in financial services. At MetLife, it’s #AllTogetherPossible. Join us!
MetLife maintains a drug-free workplace.