Mgr, Investment Risk

Nuveen; Frisco (TX); On-site; USD 135,000 - 192,000; Full time

Job summary

Nuveen seeks an Investment Risk Officer to lead second line risk management for capital and liquidity frameworks, applying AI tools and advanced models to monitor portfolios across asset classes. The role emphasizes cross-functional collaboration with investment teams and governance committees.

The position requires 5+ years in investment risk and a quantitative degree; CFA/FRM or MBA/MS is preferred. Expect heavy reporting, ongoing risk assessment, and opportunities to enhance automation.

Qualifications

• 5+ years of relevant experience in investment risk management, asset management, institutional investing, or related fields.
• 7+ years of relevant experience preferred.
• Bachelor's degree in a quantitative discipline; MBA/MS/MA preferred.
• Professional certifications (CFA/FRM/ASA/FSA/PhD/CPA) beneficial.

Responsibilities

• Prepare detailed quarterly, annual, and ad-hoc risk reports and presentations for senior management and investment committees.
• Maintain and improve risk reporting templates, dashboards, and documentation standards across asset classes.
• Identify and implement AI and automation opportunities to streamline recurring reporting tasks.
• Support stress testing and scenario analysis across alternative asset classes.
• Monitor tail risk framework and ensure compliance with risk appetite.

Skills

Advanced Excel

Python

R

SQL

VBA

AI/LLM tools

Risk management systems

Education

Bachelor's degree in quantitative discipline

Graduate degree (MBA, MS, MA)

CFA/FRM/ASA/PhD etc.

Tools

Excel

Python

R

SQL

VBA

Job description

Financial Risk and Capital Management

The Investment Risk Officer is responsible for providing expertise on investment risks within the organization by developing and implementing second line of defense reports, systems, and processes and by leveraging automation and Artificial Intelligence tools. As a subject matter expert in insurance company risk management and related technology toolsets, this job manages risk and reviews processes related to monitoring, reporting and managing capital and liquidity adequacy.

Key Responsibilities and Duties

Portfolio Risk Monitoring and Analysis: Prepare detailed quarterly, annual, and ad-hoc risk reports and presentations for senior management and investment committees. Maintain and continuously improve risk reporting templates, dashboards, and documentation standards across asset classes. Support comprehensive risk assessments of existing portfolio positions and new investment opportunities. Translate outputs from TIAA's tail risk framework and quantitative risk models into accessible written commentary and presentation materials, working closely with quantitatively focused risk colleagues who own the underlying modeling. Proactively identify and implement AI and automation opportunities to streamline recurring reporting tasks, such as automated summarization of manager/advisor quarterly portfolio letters, data extraction from GP reports, and first-draft narrative generation for committee materials. Support the annual investment risk limit review process by compiling utilization data, drafting limit breach narratives, and preparing escalation documentation for governance committees. Track and document due diligence findings, deal structure summaries, and risk characteristics for new investment opportunities as communicated by investment teams, maintaining a clear audit trail for governance purposes. Assist in the preparation of materials for rating agency engagements, regulatory inquiries, and internal audit reviews related to investment risk oversight. Monitor emerging risks, particularly rapid growth impacts in private markets and AI bubble. Assist stress testing and scenario analysis across alternative asset classes.

Risk Framework: Support monitoring of TIAA's tail risk framework across alternative investment asset classes. Analyze simulation outputs from risk and private and public data analytics. Monitor compliance with risk limits (both notional and tail risk) within TIAA's established risk appetite framework.

Cross-Functional Collaboration: Partner with quantitative support teams and other risk management functions. Support quarterly and annual risk reporting processes. Collaborate with offshore team members and provide guidance on analytical tasks. Coordinate with offshore team members and cross-functional stakeholders and quantitative support teams to gather inputs, validate figures, and meet reporting deadlines. Work closely with Asset Class Risk Managers and investment teams to understand deal structures, due diligence processes, and risk characteristics.

Systems & Technology: Proactively incorporate AI/LLM tools for enhanced analytical capabilities. Advanced utilization of Excel for complex financial modeling and analysis. Work with large datasets and various risk management platforms. Leverage different Risk models and systems.

Educational Requirements

University (Degree) Preferred

Work Experience 5+ Years Required; 7+ Years Preferred

Physical Requirements: Sedentary Work

Career Level 8IC REQUIRED EXPERIENCE: 5+ years of relevant experience in investment risk management, asset management, institutional investing, or related fields. PREFERRED EXPERIENCE: 7+ years of relevant experience in investment risk management, asset management, institutional investing, or related fields. Bachelor's degree in a quantitative discipline (Mathematics, Statistics, Physics, Computer Science, Finance, Economics, Actuarial Science, or related field). Graduate degree (MBA, MS, MA in relevant field). CFA, FRM, ASA, FSA, PhD, CPA, or other relevant professional certifications.

TECHINCAL SKILLS: Advanced Excel proficiency (required). Experience working with large datasets and financial databases. Programming skills (Python, R, SQL, VBA) a plus. Proactive user of AI/LLM tools with demonstrated advanced use cases. Familiarity with risk management systems and platforms.

KNOWLEDGE AREAS: Strong understanding of fixed income and equity markets, with real assets knowledge a significant plus. Exposure to private markets (Private Equity, Infrastructure, Real Estate, Private Credit). Understanding of global markets and multiple economic sectors. Familiarity with insurance company regulatory frameworks (RBC, etc.).

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: 2026-10-30

Base Pay Range: $135,000/yr - $192,000/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 are a market-leading retirement company fueled by world-class asset management. But we are not just another legacy financial services firm. We are 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

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.

Accessibility Support

TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities. If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team: Phone: [phone] Email: [e-mail]

Drug and Smoking Policy

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

Nondiscrimination & Equal Opportunity Employment

TIAA is committed to providing equal opportunity across all employment practices and we believe our employees have a right to a diverse and inclusive workplace. EEO is the Law Pay Transparency Philadelphia Ban the Box