Asset Liability Manager

Aquarian Holdings; New York (NY); On-site; USD 120,000 - 180,000; Full time

Job summary

An established industry player is seeking an Asset Liability Manager to optimize the alignment of assets and liabilities within its insurance division. This pivotal role involves developing risk management strategies, analyzing financial positions, and collaborating with various teams to ensure effective balance sheet management. The ideal candidate will have extensive experience in asset-liability management, strong analytical skills, and a deep understanding of financial modeling. Join a forward-thinking company that values strategic decision-making and fosters a dynamic work environment where your expertise will contribute to the growth and stability of their investment portfolio.

Qualifications

• 10+ years in asset-liability management or investment risk management.
• Strong proficiency in financial modeling and risk analytics.

Responsibilities

• Develop and execute risk management strategies for optimizing returns.
• Monitor risks including interest rates and liquidity constraints.

Skills

Financial Modeling

Risk Analytics

Scenario Analysis

Analytical Skills

Communication Skills

Problem-Solving Skills

Education

Bachelor's degree in Finance, Economics, or related field

Master's degree or CFA/FRM designation

Tools

ALM software (e.g., QRM, Bloomberg)

Excel

Job description

Aquarian is a diversified global holding company with a strategic portfolio of insurance and asset management solutions.

After launching in 2017, Aquarian finalized its first investment in 2018. Since then, Aquarian and its relying advisers have grown to serve as investment managers on approximately $22 billion in book value assets under management. Aquarian Insurance Holdings acquires and operates companies providing retirement income and reinsurance solutions for millions of people. Aquarian Investments deploys capital into opportunities that yield attractive risk-adjusted returns with downside protection for its clients.

Aquarian's approach combines a wide and holistic view of the investment landscape with incisive decision-making and deep investing acumen. The company invests across the capital structure and creates tailored financing solutions that enable high-quality companies to grow and evolve.

The Asset Liability Manager (ALM) will be responsible for developing, implementing, and managing strategies to optimize the alignment of assets and liabilities within the Aquarian Insurance Holdings division of Aquarian Holdings. This role involves analyzing the company's financial position, designing strategies to mitigate risk from interest rate fluctuations, liquidity constraints, and other market variables. Reporting to the Chief Investment Officer of Aquarian Insurance Holdings, the ALM will collaborate closely with investment management, actuarial, finance, and risk management teams to ensure effective management of the balance sheet.

Specific responsibilities of the role include:

1. Develop and execute risk management strategies across rates, currencies, credit, and other risks to optimize risk-adjusted returns while ensuring that the asset portfolio adequately supports liabilities from insurance contracts.
2. Monitor and manage risks including interest rates, liquidity, currencies, duration / KRD, convexity, and cash flow gaps between assets and liabilities.
3. Implement collateral management programs to address margining requirements.
4. Oversee external vendors responsible for index and other hedging programs.
5. Negotiate documentation (ISDAs, repackaged note documentation, etc.) required to execute hedging strategies.
6. Assist in the management and optimization of capital, solvency, and reserving requirements, ensuring compliance with regulatory requirements and internal risk management policies.
7. Perform scenario testing, stress testing, and sensitivity analysis to assess the potential impact of various financial and economic conditions on the company's balance sheet.
8. Build and maintain financial models for ALM purposes, including cash flow forecasting, duration matching, and economic capital models.
9. Work closely with the investment team to recommend portfolio and benchmark adjustments that align with liability-driven objectives and market conditions.
10. Prepare detailed reports for senior management and stakeholders on ALM activities, risk exposures, and the performance of asset-liability strategies.
11. Ensure compliance with relevant regulatory frameworks and reporting requirements related to asset and liability management for the insurance division.
12. Utilize advanced analytical tools and techniques to track the performance of assets against liabilities and adjust strategies as needed to optimize the balance sheet.
13. Guide asset-liability management risk considerations for new business (block reinsurance) and new product development (retail, flow reinsurance).
14. Support Aquarian Business Development (i.e., M&A) projects.

Desired coursework & experience:

1. Bachelor's degree in Finance, Economics, Actuarial Science, or a related field; Master's degree or CFA/FRM designation preferred.
2. 10+ years of experience in asset-liability management, investment risk management, or a related field within the insurance or financial services sector.
3. Strong proficiency in financial modeling, risk analytics, and scenario analysis; advanced Excel skills, and familiarity with ALM software (e.g., QRM, Bloomberg, etc.).
4. In-depth understanding of insurance company accounting standards (U.S. Statutory Accounting Principles, U.S. GAAP, IFRS), investment strategies, actuarial principles, capital models (Bermuda Economic Balance Sheet, U.S. Regulatory Based Capital, rating agency capital models), and regulatory requirements.
5. Excellent verbal and written communication skills with the ability to explain complex financial concepts to stakeholders.
6. Strong analytical and problem-solving skills, with the ability to make data-driven decisions and provide actionable insights.