Associate Risk Analyst, Economic Capital
The Hartford · Hartford, United States · 1d ago
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Associate Risk Analyst
This is a position on the Economic Capital team within Enterprise Risk Management (ERM). The Hartford utilizes an Economic Capital framework to assess the capital adequacy and risk profile of the Company. The Economic Capital model is used by our team to provide a market consistent perspective of capital adequacy which supplements Statutory and GAAP accounting-based capital assessments.
The Associate Risk Analyst will focus on modeling and analysis of Required Economic Capital and Available Economic Capital, with a focus on modeling market risks associated with our investment portfolio. Other focus areas of the role include:
- Produce, maintain, and enhance the Economic Capital (EC) model
- Analyze and assess available capital for the Economic Balance Sheet (EBS)
- Evaluate EC and EBS results and share with senior management
- Assist in production of Economic Scenario Generator (ESG) simulations
- Streamline and automate data prepping, modeling, and reporting processes
- Collaboration with several input providers across the company
- Utilize the EC model on an ad hoc basis for strategic business initiatives
- Perform industry research, peer benchmarking, and compare to other capital models
Primary Responsibilities:
The main focus of the Associate Risk Analyst position will be supporting ERM’s Economic Capital initiatives, including both scheduled production, and ad hoc use-cases of Economic Capital. A main responsibility will be the EC production cycles, including analysis and sharing of results with senior management. Analysis and enhancement of the modeling of investment related risks and oversight of ESG will be a second main focus area. Other responsibilities include responding to business requests, supporting ERM’s risk appetite framework, EC and EBS model sensitivity analyses, industry research, industry benchmarking, comparison between EC and other capital models, and analysis related to due diligence on Mergers and Acquisitions or other strategic business initiatives. This role will work closely with key model input providers across the company, throughout the year. This role presents an opportunity to gain strong working knowledge of the risks facing The Hartford, the company’s assets and liabilities, and the methods for modeling those risks.
Qualifications:
- Degree in quantitative discipline such as Risk Management, Finance, Actuarial, or related field
- Technical aptitude to enhance and use sophisticated financial models
- Desire to learn about investments and their associated risks
- Strong interpersonal skills to build and maintain strong relationships with key business partners
- Strong oral and written communication skills to articulate concepts to peers and management
- Ability to distill model results into actionable business recommendations and solutions
- Self-motivated with drive and ability to take ownership
- Ability to adjust to multiple projects and shifting priorities
- Ability to work both independently and in team settings
- Strong Microsoft Excel skills required and experience with coding languages is a plus
As a condition of your employment for HIMCO, you will be required to affirm to HIMCO’s Code of Ethics and understand that you will be required to comply with the disclosure of accounts, holdings and pre-clearance of trades for the accounts of you and your household family members as more fully described in the Code of Ethics Key Points. If you will be deemed to be a “Covered Associate” under HIMCO’s Pay to Play Policy, you will also need to disclose all political contributions that you have given within the past 2 calendar years.
Compensation
The listed annualized base pay range is primarily based on analysis of similar positions in the external market. Actual base pay could vary and may be above or below the listed range based on factors including but not limited to performance, proficiency and demonstration of competencies required for the role. The base pay is just one component of The Hartford’s total compensation package for employees. Other rewards may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition. The annualized base pay range for this role is:
$69,200 - $103,800Equal Opportunity Employer/Sex/Race/Color/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age
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