Tech Expert Risk – Model Development

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profile Job Location:

Woodland Hills, CA - USA

profile Monthly Salary: $ 95000 - 134000
Posted on: Yesterday
Vacancies: 1 Vacancy

Job Summary

Who We Are

At Corebridge Financial we believe action is everything. Thats 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 Youll Work With

The Modeling Team (FQA - Financial Quantitative Analysis) develops tests and maintains the valuation framework to support the management of the hedging portfolio. The team also manages the automation around the daily large-scale Monte-Carlo simulations used to value the 300K customer accounts we manage. We are seeking team members to help us maintain and enhance a best-in-class valuation framework. The team is also responsible for driving automation to financial management reports and designing dashboards to automate market risk monitoring.

About The Role

  • We need a talented quantitative risk analyst with strong programming skills to join our team. This analyst will work with the MRM Modelling Team and will be responsible for creating and maintaining code for both assets and liabilities.
  • Maintain build and extend economic models for multiple product lines like: FIA RILA FA and VA including riders like living benefits and death benefits. These annuity products are complex exotic options that require sophisticated math finance and computer science skills to correctly model.
  • Build systems to generate analytics and systems that aggregate analytics from internal systems in support of hedging portfolios of these policies. Risk management is on a daily cycle so automation in many aspects of process is required.
  • Our ideal candidate will have experience in a financial engineering capacity however we are open to candidates with no financial experience.

Responsibilities

  • Develop design and maintain the in-house risk analytics platform
  • Update the platform to support new/updated insurance products
  • Document model and systems implementations and create unit/regression tests
  • Provide production support to Operations/IT team
  • Provide ad-hoc analysis to support testing auditor and stakeholder queries

Skills and Qualifications

  • 2 years of relevant experience.
  • Detail and process oriented.
  • Programming experience in Python/C#/Java and SQL a plus
  • Familiarity with quantitative financial risk concepts derivatives hedging techniques a plus
  • Experience supporting and working with cross-functional teams in a dynamic environment.
  • Strong written and verbal communication skills.
  • Self-starter

  • Strong academic record in a subject(s) with a strong computational emphasis (e.g. computer science engineering applied math computational science etc.); bachelors degree required; masters degree a plus.

Compensation

The anticipated salary range for this position is $95000 to $134000 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 candidates geographic location skills experience and other qualifications.

Work Location

This position is based in Corebridge Financials Woodland Hills CA office.

Estimated Travel

May include up to 25%.

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 Include:

  • 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 $5000.
  • 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 . 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.

To learn more please visit:

Functional Area:

RK - Risk

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

American General Life Insurance Company

Who We AreAt Corebridge Financial we believe action is everything. Thats 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 tha...
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Key Skills

  • Python
  • C/C++
  • Fortran
  • R
  • Data Mining
  • Matlab
  • Data Modeling
  • Laboratory Techniques
  • MongoDB
  • SAS
  • Systems Analysis
  • Dancing

About Company

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At Corebridge Financial, formerly AIG Retirement Services, we believe everyone deserves financial security. We work hard to make it possible for people to take action in their financial lives—because action is the bridge from planning to outcomes, from today’s financial needs to tomor ... View more

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