Director, Asset Liability Management

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

Job summary

Nuveen seeks a Director of Asset Liability Management to lead advanced ALM modeling and risk analysis. You will design, test, and maintain models across diverse asset classes, applying AI and programming (Python, MATLAB, VBA) to optimize investment, hedging, and product design decisions.

You will collaborate with Model Risk Management, Internal Audit, regulators, and senior leadership to translate insights into actionable strategies, allocations, and performance targets, mentoring colleagues

Qualifications

• 5+ years of asset-liability management, financial engineering, investment management, actuarial, modeling and/or other quantitative experience.
• FSA and/or CFA and related professional credentials are a plus.
• Strong coding skills including Excel, Python, VBA; experience with AI/ML techniques is advantageous.
• Experience with stress testing, economic capital, and asset strategies.
• Ability to interpret financial data and provide actionable recommendations.

Responsibilities

• Analyze and propose asset-liability strategies under different regulatory regimes and economic environments.
• Develop, test, and maintain ALM models and tools for valuation and reporting.
• Lead discussions with Model Risk Management, Internal Audit, regulators, and rating agencies.
• Provide financial analyses and recommendations to senior management.
• Mentor team members and communicate complex methodologies clearly.

Skills

Asset-liability management

Financial engineering

Investment management

Actuarial

Quantitative analysis

Programming

Python

Excel

VBA

AI capabilities

Risk modeling

Data analysis

Stress testing

Education

Advanced degree in quantitative field

Bachelor’s degree preferred

Tools

Excel

PowerPoint

Python

MATLAB

R

VBA

AI tools

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 reviewsRelated SkillsData 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:**2026-10-03Base Pay Range: $173,000/yr - $272,000/yr