Quantitative Risk & Portfolio Engineer

American General Life Insurance Company; Los Angeles (CA); Hybrid; USD 125,000 - 135,000; Full time

Benefits offered by this job

Health & Wellness

401(k) matching

Volunteer time off

PTO 24 days

Job summary

Corebridge Financial seeks a quantitative professional to operate across portfolio support, model implementation, and risk reporting. You will connect market data, models, portfolio decisions, and controls, supporting both real-time questions and disciplined production reporting.

The role involves moving between trading, quantitative engineering, and reporting, with a hybrid work policy and opportunities to influence hedging practices and asset-liability management.

Qualifications

• Master's degree in financial engineering, quantitative finance, mathematics, statistics, engineering, computer science, or related field strongly preferred.
• Typically 3+ years of relevant experience in financial services, derivatives, risk management, or portfolio analytics.

Responsibilities

• Support portfolio monitoring, hedging decisions, scenario analysis, and risk reporting.
• Develop and implement valuation, hedging, and risk models for annuity and insurance products.
• Conduct historical analysis, back-testing, sensitivity testing and research for hedging strategies.
• Produce portfolio, risk, attribution, and management reporting linking results to markets and data quality.
• Strengthen data, reporting, reconciliation, and operating-control processes.

Skills

Python

SQL

Financial modeling

Derivatives

Bloomberg data

Data validation

Portfolio analytics

C/C++

Education

Master's degree in financial engineering/related field

Tools

Bloomberg

Oracle

C/C++

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.

Who you’ll work with

Market Risk Management is a multi-disciplinary financial derivatives team that applies quantitative methods and technology to highly dynamic work. Our mandate includes managing complex retirement and insurance product risks through portfolio hedging, research and development, modeling, analytics, controls, and management reporting.

We operate within a larger organization while maintaining a collaborative and entrepreneurial working environment. The Market Risk Management team supports fixed index annuity, index universal life, registered index-linked annuity, and other retirement and insurance products. These products contain complex embedded derivatives that require expertise in derivatives, financial engineering, insurance products, capital markets, data, and risk communication.

We are looking for a flexible resource who can work across our Trading, Quantitative Engineering, and Reporting functions as priorities and workloads change.

About the role

Market Risk Management seeks a talented, detail-oriented quantitative professional who can operate across portfolio support, model implementation and research, and risk reporting and analytics. The successful candidate will help connect market data, models, portfolio decisions, operating controls, and stakeholder communication. This role is intended for an individual who enjoys moving between real-time portfolio questions, analytical development, and disciplined production reporting.

Responsibilities

• Support daily derivatives portfolio monitoring, hedging decisions, scenario analysis, exposure review, and detailed performance or attribution analysis.
• Build, modify, and implement valuation, hedging, simulation, and balance sheet risk models for annuity and insurance products.
• Conduct historical analysis, back-testing, sensitivity testing, and quantitative research to support new and existing hedging strategies.
• Produce timely portfolio, risk, attribution, and management reporting, connecting results to markets, positions, models, hedge activity, product features, and data quality.
• Automate and strengthen data, reporting, reconciliation, exception-handling, documentation, and operating-control processes.
• Rotate across trading, quant, and reporting assignments based on business priorities, acting as a bridge among portfolio managers, model developers, reporting professionals, technology partners, and stakeholders.
• Stay current on financial markets, derivatives products, insurance industry developments, and hedging practices.

Skills & Qualifications

• Master's degree in financial engineering, quantitative finance, mathematics, statistics, engineering, computer science, or a related field is strongly preferred.
• Typically 3+ years of relevant experience in financial services, derivatives, quantitative research, risk management, trading, asset-liability management, portfolio analytics, or financial software.
• Strong knowledge of financial instruments and derivatives, including valuation, risk measures, market data, and hedging concepts.
• Strong programming skills in Python and SQL; experience with Oracle, C/C++, scientific computing, or high-performance computing is beneficial.
• Experience sourcing and validating financial data from relational databases and commercial platforms such as Bloomberg.
• Competence in statistical or econometric analysis, simulation, back-testing, data reconciliation, and interpretation of financial results.
• Knowledge of annuity product design, embedded derivatives, asset and derivative valuation models, balance sheet risk, or ALM is preferred.
• Relevant professional designations or progress toward CFA, FRM, ASA/FSA, or CQF are beneficial.
• Able to perform in a fast-paced environment where priorities can shift quickly and multiple deadlines must be managed.
• Detail and process oriented, with a strong appreciation for operational controls, model governance, data quality, and documentation.
• Enjoys working on a multi-disciplinary team to solve analytically complex problems and communicates effectively with both technical and wider audiences.

Compensation

The anticipated base salary range for this position is $125, 000 to $135, 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 can be based in Corebridge Financial’s Woodland Hills, CA or Houston, TX or Jersey City, NJ office and is subject to our hybrid working policy, which gives colleagues the benefits of working both in an office and remotely.

Estimated Travel Minimal travel.

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

• 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.

Functional Area

FA - Finance

Estimated Travel Percentage

Percentage (%): No Travel

Relocation Provided

No American General Life Insurance Company

Additional Company Information

Corebridge Financial makes it possible for more people to take action in their financial lives. Corebridge is one of the largest providers of retirement solutions and insurance products in the United States. We proudly partner with financial professionals and institutions to help individuals plan, save for and achieve secure financial futures. For more information, visit www.corebridgefinancial.com.