Asset Liability Management The Asset Liability Management role applies advanced quantitative, actuarial, financial, and AI expertise to model, measure, and assist with managing risk and return of the organization's assets and liabilities on an integrated basis. This role helps to design, build, and maintain 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 help to 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- Measures, monitors, and reports Asset Liability Management (ALM) risk metrics (Economic Capital, Effective Duration Gap, etc.) and assists with stress testing of economic conditions and participant activity to analyze potential vulnerability to the organization.
- Designs, implements, and enhances pricing and risk models across diverse asset classes.
- Builds and enhances model performance-monitoring and reporting tools (including back testing) and performs user acceptance testing.
- Analyzes and calibrates of liability crediting strategies that factor in the firm's capital strength and enhances client returns.
- Develops and maintains various tools for model-output analysis, scenario-data handling, and risk/return calculations.
- Leads model configuration and production for projects and business operations.
- Prepares documentation for Model Risk Management, Internal Audit, and regulators/rating agencies.
- Collaborates with stakeholders on pricing and risk inquiries.
- Solves complex and ambiguous ALM challenges with limited guidance.
Educational Requirements- Bachelor's Degree Required
Work Experience- 5+ Years Required; 7+ Years Preferred
Physical Requirements- Physical Requirements: Sedentary Work
Career Level 8IC
Required Experience: - 5+ years of ALM and/or Actuarial experience
Preferred Experience:
- 7+ years of ALM and/or Actuarial 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, 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
*LI-CS1
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:2026-10-24
Base Pay Range: $127,000/yr - $167,000/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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