AVP, Market Risk & Derivatives

MetLife; Whippany (NJ); Hybrid; USD 164,000 - 219,000; Full time

Benefits offered by this job

Health insurance

401(k) with employer matching

Life insurance

Job summary

MetLife is seeking an AVP, Market Risk & Derivatives to provide second-line oversight of derivatives and reinsurance activities. You will guide risk monitoring, governance, and hedge testing while maintaining risk scenario generators and key quantitative processes.

You will lead a team in a hybrid work model, collaborating across ALM, liquidity, and reinsurance metrics, leveraging AI capabilities and advanced analytics to support strategic risk decisions.

Qualifications

• Advanced degree in Mathematics, Financial Mathematics, Quantitative Finance, Predictive Analytics, or related; or equivalent quantitative expertise.
• 7+ years investment, derivative, or ALM related experience.
• Ability to leverage analytical and AI-assisted tools to integrate data, perform quantitative analyses, and communicate risk insights.
• Strong understanding of stochastic processes.
• Ability to manage multiple priorities and work in cross-functional teams.
• Strong Excel modeling skills.

Responsibilities

• Oversee derivatives and reinsurance risk monitoring and measurement, including Potential Future Exposure calculation and counterparty risk limit setting.
• Oversee Hedge Effectiveness Testing and challenge processes.
• Maintain MetLife’s Risk Neutral Economic Scenario Generator and deterministic rate generator; ensure timely delivery to systems.
• Lead monitoring capabilities for reinsurance risk metrics, hedge and investment guidelines.
• Collaborate with Market Risk on ALM/Liquidity projects, including liquidity dashboards and FX monitoring.
• Coordinate with Derivatives Middle Office, Front Office and IT to keep systems up-to-date.

Skills

Analytical skills

AI tools

Excel modeling

Education

Advanced degree in Mathematics/Finance/Quantitative fields

Tools

Numerix

Python

Job description

Description and Requirements

The Team You Will Join

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.

The Opportunity

The AVP, Market Risk & Derivatives leads a team that provides second-line oversight of the company's derivatives and reinsurance activities, ensuring effective risk monitoring, governance, regulatory compliance, and adherence to approved risk limits. The role is also responsible for maintaining the firm's Risk Neutral Economic Scenario Generator and overseeing key quantitative processes that support hedge effectiveness testing and actuarial reserve calculations.

Guided by our mission, always by your side to help build a more confident future, and by our New Frontier strategy focused on stronger growth, attractive returns, and consistent performance in all market conditions, this role offers an exciting opportunity to shape our monitoring and testing processes for the future including improving workflows to leverage emerging AI capabilities and working with the broader market risk team on various ALM, Liquidity, or Reinsurance related metrics and monitoring capabilities

Key Responsibilities

• Oversee derivatives and reinsurance risk monitoring and measurement, including Potential Future Exposure calculation, and counterparty risk limit setting, and ensuring timely remediation or escalation of any issue as appropriate.
• Oversee Legal and Economic Hedge Effectiveness Testing providing appropriate challenge and scrutiny as necessary
• Oversee the maintenance of MetLife’s Risk Neutral Economic Scenario Generator and deterministic interest rate generator and managing the effective delivery of the scenarios to the systems in a timely manner
• Leading implementation of monitoring capabilities for certain reinsurance related risk metrics, including hedge guidelines and investment guidelines
• Partnering with others on the Market Risk team on ALM or Liquidity related projects, including, assisting with liquidity dashboard generation, FX monitoring and measurement, and potential responsibility within the ALM Working Group Governance process
• Working with Derivatives Middle Office, Front Office and IT, to ensure systems are up-to-date and running smoothly

Required Qualifications

• Advanced degree in Mathematics, Financial Mathematics, Quantitative Finance, Predictive Analytics, or related; or equivalent quantitative expertise demonstrated through professional experience
• 7+ years investment, derivative, or ALM related experience
• Ability to leverage analytical and AI-assisted tools to integrate data, perform quantitative analyses, and communicate risk insights
• Strong understanding of stochastic processes
• Ability to manage multiple priorities and tasks and work as part of a cross-functional group to manage and solve issues
• Strong Excel modeling skills

Preferred Qualifications

• Experience with Numerix
• Python coding experience
• Understanding and experience with agentic AI

Location Expectation: This is a hybrid role requiring a minimum of 3 days per week in office.

The expected salary range for this position is $164,200 - $218,900. This role may also be eligible for annual short-term incentive compensation and stock-based long-term incentives. All incentives and benefits are subject to the applicable plan terms.

Benefits We Offer

Our 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 [1] click here.

About MetLife

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 [2] #AllTogetherPossible. Join us!

MetLife is an Equal Opportunity Employer. All employment decisions are made without regards to race, color, national origin, religion, creed, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, marital or domestic/civil partnership status, genetic information, citizenship status (although applicants and employees must be legally authorized to work in the United States), uniformed service member or veteran status, or any other characteristic protected by applicable federal, state, or local law ("protected characteristics").

If you need an accommodation due to a disability, please email us at [e-mail]. This information will be held in confidence and used only to determine an appropriate accommodation for the application process.

MetLife maintains a drug‑free workplace.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liabilities.