The Director, Asset Liability Management role applies advanced quantitative, actuarial, financial, and AI expertise to model, measure, and manage risk and return of the organization's assets and liabilities on an integrated basis. This role designs, builds, and maintains the models, tools, and analytical frameworks used to value investments, project asset and liability behavior, and evaluate performance and risk across a wide range of economic and market environments, and then translate these insights into investment, hedging, and product design strategies that optimize financial outcomes and strengthen decision-making for our clients and the enterprise.
Key Responsibilities and Duties- Utilizes Asset Liability Management (ALM) metrics to analyze and propose strategies (e.g., asset allocation, hedging, product design) for improved asset-liability performance under different regulatory regimes and economic environments.
- Devises, tests, and proposes risk mitigation actions that help the enterprise withstand the impact of stresses and presents results and solutions.
- Takes ownership of complex quantitative models across diverse asset classes, ensuring accuracy and performance
- Builds the processes and tools to recalibrate models on a regular basis.
- Designs, develops, tests, implements, refines, and maintains models (e.g., derivatives pricing/valuation) and tools for ALM analytics and reporting.
- Validates models and identifies/implements enhancements when performance deviates from expectations.
- Leverages AI capabilities and applies programming skills across languages such as Python, MATLAB, VBA, and R to help achieve ALM goals.
- Independently performs analysis and calibration to develop/improve liability crediting strategies.
- Leads discussions with Model Risk Management, Internal Audit, regulators, and rating agencies, providing clear explanations of model methodologies.
- Devises and tests investment allocations and target portfolios for new initiatives and products.
- Produces financial analyses and recommendations to senior management for key decision-making.
- Mentors other team members, providing technical guidance and industry insight.
Educational Requirements- University (Degree) Preferred
Work Experience- 5+ Years Required; 7+ Years Preferred
Physical Requirements- Physical Requirements: Sedentary Work
Career Level 9IC
REQUIRED QUALIFICATION - 5+ years of asset-liability management, financial engineering, investment management, actuarial, modeling and/or other quantitative experience
PREFERRED QUALIFICATIONS- 7+ years of asset-liability management, financial engineering, investment management, actuarial, modeling and/or other quantitative experience
- Advanced degree in quantitative field
- Outstanding quantitative and technical skills with ability to interpret and draw accurate conclusions from financial, market and economic data
- Investment management and liability-driven asset allocation experience
- Strong technical and coding skills including Excel, VBA, Python, PowerPoint and artificial intelligence skills
- Excellent problem solving and analytical skills, detail-oriented, independent and creative thinking, time management and organizational skills
- FSA and/or CFA
- Annuity or Pension or other insurance product experience
- Experience with stress testing, economic capital and asset strategies
- Experience with capital markets, various asset classes and economic scenario generation
- Experience with reinsurance
- Experience with internal audit and other regulatory reviews
Related Skills
Data Analysis, Detail-Oriented, Financial Acumen, Financial Modeling, Financial Risk Management, Influence, Negotiation, Problem Solving, Programming, Quantitative Analysis, Risk Modeling, Risk Reporting, Strategic Thinking
Anticipated Posting End Date:2026-10-03
Base Pay Range: $173,000/yr - $272,000/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).
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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're a market-leading retirement company fueled by world-class asset management. But we're not just another legacy financial services firm. We're fighting harder than ever before for our clients and the many Americans who need us.
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