ALM Director: Quantitative Risk & Investment Strategy

TIAA; New York (NY); On-site; USD 173,000 - 272,000; Full time

Job summary

TIAA is seeking a Director of Asset Liability Management to apply advanced quantitative, actuarial, financial, and AI expertise to model, measure, and manage risk and return of the organization's assets and liabilities. The role builds the models, tools, and analytics used to value investments, project liability behavior, and evaluate performance across varied environments.

The position leads ALM analysis, calibrates complex models, and develops strategies for hedging and product design.

Qualifications

• 5+ years of asset-liability management, financial engineering, investment management, actuarial, modeling and/or other quantitative experience
• Advanced degree in quantitative field preferred
• Outstanding quantitative and technical skills with ability to interpret and draw accurate conclusions from financial data
• Investment management and liability-driven asset allocation experience
• Strong technical and coding skills including Excel, VBA, Python, PowerPoint and AI skills
• Excellent problem solving and analytical skills with time management and organizational skills
• FSA and/or CFA
• Annuity or Pension or other insurance product experience
• Experience with stress testing, economic capital and asset strategies
• Experience with capital markets, various asset classes and economic scenario generation
• Experience with reinsurance
• Experience with internal audit and regulatory reviews

Responsibilities

• Utilizes ALM metrics to analyze strategies for improved asset-liability performance across regimes and environments
• Develops, tests, and calibrates complex quantitative models across diverse asset classes
• Builds processes and tools to recalibrate models regularly
• Designs, develops, tests, implements, refines, and maintains models and tools for ALM analytics
• Leverages Python, MATLAB, VBA, and R to achieve ALM goals
• Independently performs analysis and calibration to develop/improve liability crediting strategies
• Leads discussions with Model Risk Management, Internal Audit, regulators, and rating agencies
• Devises and tests investment allocations and target portfolios for new initiatives and products
• Produces financial analyses and recommendations to senior management
• Mentors other team members, providing technical guidance and industry insight

Skills

Asset-liability management

Financial engineering

Investment management

Actuarial

Modeling

Quantitative analysis

Programming

Excel

Python

PowerPoint

AI skills

FSA/CFA

Reinsurance

Regulatory reviews

Education

Advanced degree in quantitative field

University degree preferred

Tools

Excel

VBA

Python

PowerPoint

Job description

TIAA is seeking a Director of Asset Liability Management to apply advanced quantitative, actuarial, financial, and AI expertise to model, measure, and manage risk and return of the organization's assets and liabilities. The role builds the models, tools, and analytics used to value investments, project liability behavior, and evaluate performance across varied environments.

The position leads ALM analysis, calibrates complex models, and develops strategies for hedging and product design.