Director, Asset Liability Management

NCSL International; New York, Northern (NY, KY); Hybrid; USD 173,000 - 272,000; Full time

Benefits offered by this job

Total Rewards package

Healthcare benefits

Training and development

Job summary

TIAA is seeking a Director-level Asset Liability Management leader in New York to advance quantitative, actuarial, and AI-driven ALM strategies. The role focuses on modeling investments, projecting asset-liability behavior, and designing hedging, investment, and product strategies to optimize financial outcomes.

Minimum 5+ years in ALM/financial engineering with an advanced quantitative degree; strong coding skills in Python, VBA, and MATLAB are required.

Qualifications

• 5+ years of asset-liability management, financial engineering, investment management, actuarial, modeling and/or other quantitative experience
• Advanced degree in quantitative field with strong analytical skills
• Outstanding quantitative and technical skills with ability to interpret financial, market and economic 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, analytical, time management and organizational skills
• Experience with stress testing, economic capital and asset strategies
• Experience with capital markets, various asset classes and economic scenario generation
• Experience with internal audit and regulatory reviews

Responsibilities

• Utilize ALM metrics to analyze asset-liability performance across regimes and environments
• Design, test, and implement risk mitigation actions for enterprise resilience
• Own complex quantitative models across diverse asset classes
• Recalibrate models and maintain ALM analytics tools
• Develop and maintain models for derivatives pricing and valuation
• Validate models and implement enhancements when needed
• Apply Python, MATLAB, VBA, and R to achieve ALM goals
• Lead discussions with Model Risk Management and regulators
• Devise investment allocations and target portfolios for new initiatives
• Provide financial analyses and recommendations to senior management
• Mentor team members with technical guidance

Skills

ALM

Financial engineering

Actuarial

Modeling

Python

MATLAB

VBA

R

AI capabilities

Education

Advanced degree in quantitative field

Tools

Excel

VBA

Python

PowerPoint

Job description

The Director, Asset Liability Management role applies advanced quantitative, actuarial, financial, and AI expertise to model, measure, and manage risk and return of the organization's assets and liabilities on an integrated basis. This role designs, builds, and maintains the models, tools, and analytical frameworks used to value investments, project asset and liability behavior, and evaluate performance and risk across a wide range of economic and market environments, and then translate these insights into investment, hedging, and product design strategies that optimize financial outcomes and strengthen decision-making for our clients and the enterprise.

Key Responsibilities and Duties

• Utilizes Asset Liability Management (ALM) metrics to analyze and propose strategies (e.g., asset allocation, hedging, product design) for improved asset-liability performance under different regulatory regimes and economic environments.
• Devises, tests, and proposes risk mitigation actions that help the enterprise withstand the impact of stresses and presents results and solutions.
• Takes ownership of complex quantitative models across diverse asset classes, ensuring accuracy and performance
• Builds the processes and tools to recalibrate models on a regular basis.
• Designs, develops, tests, implements, refines, and maintains models (e.g., derivatives pricing/valuation) and tools for ALM analytics and reporting.
• Validates models and identifies/implements enhancements when performance deviates from expectations.
• Leverages AI capabilities and applies programming skills across languages such as Python, MATLAB, VBA, and R to help 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, providing clear explanations of model methodologies.
• Devises and tests investment allocations and target portfolios for new initiatives and products.
• Produces financial analyses and recommendations to senior management for key decision-making.
• Mentors other team members, providing technical guidance and industry insight.

Educational Requirements

• University (Degree) Preferred

Work Experience

• 5+ Years Required; 7+ Years Preferred

Physical Requirements

• Physical Requirements: Sedentary Work

Career Level

9IC

REQUIRED QUALIFICATION

• 5+ years of asset-liability management, financial engineering, investment management, actuarial, modeling and/or other quantitative experience

PREFERRED QUALIFICATIONS

• 7+ years of asset-liability management, financial engineering, investment management, actuarial, modeling and/or other quantitative experience
• Advanced degree in quantitative field
• Outstanding quantitative and technical skills with ability to interpret and draw accurate conclusions from financial, market and economic data
• Investment management and liability-driven asset allocation experience
• Strong technical and coding skills including Excel, VBA, Python, PowerPoint and artificial intelligence skills
• Excellent problem solving and analytical skills, detail-oriented, independent and creative thinking, 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 other regulatory reviews

Related Skills

Data Analysis, Detail-Oriented, Financial Acumen, Financial Modeling, Financial Risk Management, Influence, Negotiation, Problem Solving, Programming, Quantitative Analysis, Risk Modeling, Risk Reporting, Strategic Thinking

Anticipated Posting End Date

2026-10-03

Base Pay Range

$173,000/yr - $272,000/yr

Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).

Company Overview

Every worker deserves a secure retirement. For more than 100 years, TIAA has delivered it for millions of people. Founded to help educators retire with dignity, today we're a market-leading retirement company fueled by world-class asset management. But we're not just another legacy financial services firm. We're fighting harder than ever before for our clients and the many Americans who need us.

Our Culture of Impact

At TIAA, we're on a mission to build on our 100+ year legacy of delivering for our clients while evolving to meet tomorrow's challenges. We equip our associates with future-focused skills and AI tools that enable us to advance our mission. Together, we are fighting to ensure a more secure financial future for all and for generations to come. We are guided by our values: Champion Our People, Be Client Obsessed, Lead with Integrity, Own It, and Win As One. They influence every decision we make and how we work together to serve our clients every day. We thrive in a collaborative in-office environment where teams work across organizational boundaries with shared purpose, accelerating innovation and delivering meaningful results. Our workplace brings together TIAA and Nuveen's entrepreneurial spirit, where we work hard and work together to create lasting impact. Here, every associate can grow through meaningful learning experiences and development pathways-because when our people succeed, our impact on clients' lives grows stronger.

Benefits and Total Rewards

The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That's why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary.

Equal Opportunity

We are an Equal Opportunity Employer. TIAA does not discriminate against any candidate or employee on the basis of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.

Our full EEO & Non-Discrimination statement is on our careers home page, and you can read more about your rights and view government notices here.

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TIAA maintains a drug-free and smoke/free workplace.

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