Financial & Actuarial Risk Officer

TIAA; New York (NY); On-site; USD 164,000 - 259,000; Full time

Job summary

TIAA is seeking a senior Financial/Actuarial Risk Officer in New York to lead independent risk oversight across actuarial and financial disciplines. The role focuses on product pricing methodologies, reserving, cash flow testing, and collaboration with risk and finance teams to ensure sound risk management aligned to liabilities and strategy.

The candidate will influence senior leadership with quantitative analysis, enforce risk controls, and contribute to capital adequacy and ALM reviews in a

Qualifications

• 5+ years actuarial and/or quantitative risk management experience.
• Demonstrated experience with insurance and annuity product pricing, actuarial assumption setting, reserving or cash flow testing in a life insurance or annuity context.
• Demonstrated analytical and problem-solving skills, including ability to drill down on details, perform analyses, resolve issues and distill findings into a concise summary of key conclusions and recommendations.
• Excellent communication skills, both verbal and written.

Responsibilities

• Lead independent review of product development and pricing focusing on actuarial methodologies and judgments, producing findings for senior leadership.
• Support development of Value of New Business (VNB) metrics to evaluate risk/return across annuity and insurance portfolios.
• Provide risk oversight on reserving, cash flow testing, and regulatory changes to asset adequacy and capital requirements.
• Collaborate with Actuarial Services, General Account Office, and Financial Risk teams for risk reviews on strategic transactions (e.g., reinsurance, M&A) or large transformations.
• Support ALM reviews and liability cash flow projections, including key actuarial assumptions and judgments.

Skills

Analytical Skills

Collaboration

Communication

Critical Thinking

Executive Presence

Financial Acumen

Financial Analysis

Financial Risk Management

Relationship Management

Risk Analysis/Analytics

Risk Mitigation

Strategic Thinking

TIAA Products/Services Acumen

Education

Actuarial/Math/Stats/Finance/Economics degree

ASA or FSA preferred

Tools

Asset Liability Management

Interest rate risk and duration management

Liability cash flow analysis

Microsoft Applications

Actuarial projection systems

Pricing systems

Job description

The Financial/Actuarial Risk Officer will ensure TIAA’s actuarial and insurance risks are effectively managed, through robust risk management controls and frameworks aligned to our insurance and annuity liabilities, evolving business strategy and operating environment. As a senior level professional within the Actuarial & Financial Risk Management team, this role provides independent risk oversight and review across a broad range of actuarial and financial disciplines.

Key Responsibilities And Duties

• Lead independent review and challenge of product development and pricing, with a focus on actuarial methodologies, assumptions and judgments; producing documented findings and actionable recommendations for senior leadership.
• Support development of Value of New Business (VNB) metrics to evaluate the risk and return across TIAA’s annuity and insurance product portfolios
• Provide effective risk oversight on reserving, cash flow testing, and any emerging regulatory changes to asset adequacy and capital requirement
• Partner with Actuarial Services, the General Account Office, and Financial Risk teams to provide effective financial risk reviews on strategic transactions (e.g. reinsurance, M&A) or large transformation initiatives
• Support the review of ALM and liability cash flow projections, including key actuarial assumptions and judgments.

Educational Requirements

• University (Degree) Preferred

Work Experience

• 5+ Years Required; 7+ Years Preferred

Physical Requirements

• Physical Requirements: Sedentary Work

Career Level

9IC

Success in this role is driven by the ability to:

• Highly motivated team player who can proactively collaborate with other teams in Risk & Compliance as well as in the business lines
• Inform and influence others appropriately, clearly and on a timely basis
• Adapt and thrive in complex, uncertain and changing situations
• Listen actively, and challenge yourself and others to think about all angles of the issue
• Quickly build knowledge in unfamiliar topics and apply it to the work
• Demonstrate curiosity across a broad range of business issues

Required Qualifications:

• 5+ years actuarial and/or quantitative risk management experience
• Demonstrated experience with insurance and annuity product pricing, actuarial assumption setting, reserving or cash flow testing in a life insurance or annuity context
• Demonstrated analytical and problem-solving skills, including ability to drill down on details, perform analyses, resolve issues and distill findings into a concise summary of key conclusions and recommendations
• Excellent communication skills, both verbal and written

Preferred Qualifications :

• 7+ years of actuarial and/or quantitative risk management experience in a life insurance and annuity context
• Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, Finance, or Economics is preferred
• ASA (Associate of the Society of Actuaries) or FSA (Fellow of the Society of Actuaries) highly preferred
• Familiarity with Asset Liability Management concepts and models, including interest rate risk, duration management, and liability cash flow analysis
• Experience working within or in close partnership with an actuarial function at an insurance company or financial services firm
• Proficient in Microsoft Applications, actuarial projection or pricing systems

Related Skills

• Analytical Skills
• Collaboration
• Communication
• Critical Thinking
• Executive Presence
• Financial Acumen
• Financial Analysis
• Financial Risk Management
• Relationship Management
• Risk Analysis/Analytics
• Risk Mitigation
• Strategic Thinking
• TIAA Products/Services Acumen

Anticipated Posting End Date:

2026-10-07

Base Pay Range: $164,000/yr - $259,000/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 weʼre a market-leading retirement company fueled by world-class asset management. But weʼre not just another legacy financial services firm. Weʼre 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.

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Drug and Smoking Policy

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

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