Director, Guaranteed Investment Contracts, Institutional Markets

Corebridge Financial, Inc.; Los Angeles (CA); Hybrid; USD 150,000 - 175,000; Full time

Benefits offered by this job

Health insurance

401(k) match

Employee assistance program

Charitable donations match

Volunteer time off

Paid time off

Job summary

Corebridge Financial, Inc. seeks an experienced professional to manage the $18 billion GIC portfolio, develop complex financial models, and oversee investor relations with top-tier banks. The role reports to the Managing Director of the Guaranteed Investment Contracts team and supports multi-billion issuances and market expansion.

Hybrid work arrangement with offices in New York or Woodland Hills, CA. Strong background in fixed income, debt markets, and quantitative analysis required; MBA

Qualifications

• Bachelor's degree required; MBA/Master's preferred.
• 3-5 years of experience in finance or capital markets.
• Debt Capital Markets experience is a plus.
• Experience with fixed income markets and/or securities issuance preferred.
• Knowledge of Python, Power BI and/or Excel Macros for financial modelling is preferred.
• Proficient in financial analysis and strong quantitative skills.

Responsibilities

• Manage ~$18B GIC portfolio, including financial modeling and profitability analysis.
• Develop and execute investor relations strategies with key banks.
• Plan issuances, trade execution, and settlement; expand markets and currencies.
• Support new market research and provide executive materials.

Skills

3-5 years experience

Debt Capital Markets experience

Fixed income markets

Financial analysis

Quantitative skills

Python

Power BI

Excel Macros

Education

Bachelor's degree

Master's degree or MBA

Tools

Python

Power BI

Excel Macros

Job description

Who We Are

At Corebridge Financial, we believe action is everything. That's why every day we partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow.

We align to a set of Values that are the core pillars that define our culture and help bring our brand purpose to life:

• We are stronger as one: We collaborate across the enterprise, scale what works and act decisively for our customers and partners.
• We deliver on commitments: We are accountable, empower each other and go above and beyond for our stakeholders.
• We learn, improve and innovate: We get better each day by challenging the status quo and equipping ourselves for the future.
• We are inclusive: We embrace different perspectives, enabling our colleagues to make an impact and bring their whole selves to work.

About the role

Works within our Institutional Markets line of business, reporting directly to the Managing Director of our Guaranteed Investment Contracts team.

Responsibilities

This role will be responsible for managing the ~$18 billion GIC business, which includes executing deals (average deal size is between $500 million to $1 billion), managing bank relationships across approximately 25 different top tier banks, evaluating economics and risk positions, developing complex analytical models to project net interest margin and profitability of business, and overseeing investment portfolios asset allocations and risk metrics for entire book of business.

• Manage the GIC Program for all FABN trade execution to meet increasing multi-billion annual targets. Responsible for planning issuances, trade execution, trade documentation and settlement. Management of program also includes development of new markets and currencies to broaden diversification of issuance as continue to grow book and responsibility for maintaining strong bank relationship with credit facility and other key relationship banks in strong partnership with Treasury team.
• In force management of ~$18 billion GIC portfolio including working with Data Management and Finance teams to develop Complex Financial Models and Reporting for Product Profitability, NII Projections and Financial Analysis to be presented to Executive Management
• Develop and execute FABN and new market investor relations strategy. Work with key relationship banks to develop strategy, manage the preparation of IR materials, handle communications and coordination with Investor Relations team.
• Support new market/new product research, development and drafting of materials for executive approvals

Skills & Qualifications

• Bachelor's degree
• 3-5 years of experience
• Debt Capital Markets experience is a plus
• Master's degree or an MBA is preferred.
• Experience with fixed income markets and/or securities issuance preferred. Knowledge of Python, Power BI and/or Excel Macros for financial modelling is preferred.
• Proficient at financial analysis and strong quantitative skills.

Compensation

The anticipated base salary range for this position is $150,000 to $175,000 at the commencement of employment. Not all candidates will be eligible for the upper end of the salary range. The actual compensation offered will ultimately be dependent on multiple factors, which may include the candidate’s geographic location, skills, experience and other qualifications.

In addition, the position is eligible for a discretionary bonus in accordance with the terms of the applicable incentive plan.

Corebridge also offers a range of competitive benefits as part of the total compensation package, as detailed below.

Work Location

This position is based in Corebridge Financial's New York office or Woodland Hills, CA office and is subject to our hybrid working policy, which gives colleagues the benefits of working both in an office and remotely.

Estimated Travel

May include up to 25%

Why Corebridge?

At Corebridge Financial, we prioritize the health, well-being, and work-life balance of our employees. Our comprehensive benefits and wellness program is designed to support employees both personally and professionally, ensuring that they have the resources and flexibility needed to thrive.

Benefit Offerings Include:

• Health and Wellness: We offer a range of medical, dental and vision insurance plans, as well as mental health support and wellness initiatives to promote overall well-being.
• Retirement Savings: We offer retirement benefits options, which vary by location. In the U.S., our competitive 401(k) Plan offers a generous dollar-for-dollar Company matching contribution of up to 6% of eligible pay and a Company contribution equal to 3% of eligible pay (subject to annual IRS limits and Plan terms). These Company contributions vest immediately.
• Employee Assistance Program: Confidential counseling services and resources are available to all employees.
• Matching charitable donations: Corebridge matches donations to tax-exempt organizations 1:1, up to $5,000.
• Volunteer Time Off: Employees may use up to 16 volunteer hours annually to support activities that enhance and serve communities where employees live and work.
• Paid Time Off: Eligible employees start off with at least 24 Paid Time Off (PTO) days so they can take time off for themselves and their families when they need it.

Eligibility for and participation in employer-sponsored benefit plans and Company programs will be subject to applicable law, governing Plan document(s) and Company policy.

We are an Equal Opportunity Employer

Corebridge Financial, is committed to being an equal opportunity employer and we comply with all applicable federal, state, and local fair employment laws. All applicants will be considered for employment based on job-related qualifications and without regard to race, color, religion, sex, gender, gender identity or expression, sexual orientation, national origin, disability, neurodivergence, age, veteran status, or any other protected characteristic. The Company is also committed to compliance with all fair employment practices regarding citizenship and immigration status. At Corebridge Financial, we believe that diversity and inclusion are critical to building a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our colleagues are respected as individuals and valued for their unique perspectives.

Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees, including any accommodations needed on the basis of physical or mental disabilities or sincerely held religious beliefs. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to [e-mail]. Reasonable accommodations will be determined on a case-by-case basis, in accordance with applicable federal, state, and local law.

We will consider for employment qualified applicants with criminal histories, consistent with applicable law.

To learn more please visit: www.corebridgefinancial.com

Functional Area:

RK - Risk

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: No

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