Market Risk Actuary: ALM Modeling + AI/ML

MetLife; Whippany (NJ); Hybrid; USD 116,000 - 155,000; Full time

Job summary

MetLife’s Global Risk Management Group is seeking a Market Risk Actuary to advance Replicating Portfolio (RP) and ALM risk models. You’ll calibrate RP with global ALM teams and apply AI/ML methods, improving automation and analytics while advising on risk controls.

The role emphasizes collaboration with governance bodies and strategic initiatives. The position is hybrid, requires 3 days in office weekly in Whippany, NJ, and offers a competitive salary with annual incentives.

Qualifications

• Bachelor’s degree in mathematics, statistics, actuarial science, finance or related field.
• ASA or FSA actuarial designation.
• Strong modeling and programming skills in Excel, Python, VBA, R or C++.
• 5+ years of working experience with analytical and mathematical capabilities.

Responsibilities

• Manage the current RP model on a quarterly basis and evaluate RP performance.
• Lead the transition of the RP model to Python and enhance capabilities using AI/ML techniques.
• Manage and improve ALM and risk management models through automation and advanced analytics.
• Support Market Risk governance activities, including working groups and committee operations.
• Conduct risk analysis and provide insights for strategic business initiatives.

Skills

Excel

Python

VBA

R

C++

AI/ML

Statistics

Risk modeling

Education

Bachelor’s degree in mathematics, statistics, actuarial science, finance

ASA or FSA actuarial designation

Tools

Excel

Python

VBA

R

C++

AI/ML

Job description

MetLife’s Global Risk Management Group is seeking a Market Risk Actuary to advance Replicating Portfolio (RP) and ALM risk models. You’ll calibrate RP with global ALM teams and apply AI/ML methods, improving automation and analytics while advising on risk controls.

The role emphasizes collaboration with governance bodies and strategic initiatives. The position is hybrid, requires 3 days in office weekly in Whippany, NJ, and offers a competitive salary with annual incentives.