Director, CICB Balance Sheet Risk Management

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

Group: Balance Sheet Risk Management

Reports to: Head of Actuarial Strategy & Integration

About the role

We are seeking a Director Bermuda Balance Sheet Risk Management to execute first-line ALM and balance sheet optimization for Corebridge Insurance Company of Bermuda (CICB). CICB is a strategic legal entity supporting Corebridges reinsurance capital management and long-duration liability optimization under Bermuda regulatory frameworks. CICB plays a critical role in Corebridges enterprise balance sheet strategy.

This is not a second-line oversight or control role and not an immediate people-leadership role. It is a hands-on management role responsible for building operating and evolving CICBs ALM analytics and optimization framework in close collaboration with actuarial investments derivatives finance and reinsurance teams.

Responsibilities

The Director is accountable for designing and executing CICBs ALM and balance sheet optimization framework with a primary focus on the liability side and its interaction with assets hedging and capital.

• Consumes actuarial inputs (assumptions cash flows sensitivities) primarily produced by the Chief Actuary of CICB and her team

• Translates those inputs into ALM analytics optimization insights and actionable balance sheet strategies

• Partners with asset and derivatives teams to design and evaluate asset allocation and hedging actions.

ALM Framework & Balance Sheet Execution

• Build and maintain CICBs asset-liability management framework integrating liability cash flows asset portfolios derivatives and capital constraints.

• Convert actuarial liability projections into ALM-ready metrics (duration convexity key-rate exposure liquidity profiles optionality).

• Develop ALM dashboards analytics and decision tools to evaluate balance sheet positioning across base and stressed environments.

• Perform combined asset-liability cash flow testing sensitivity analysis and scenario modeling.

Liability-Driven Optimization & Hedging

• Analyze liability behavior (surrenders utilization longevity interest-rate sensitivity) and assess implications for asset strategy hedging and liquidity.

• Partner with asset management teams to design liability-aware portfolio strategies (duration alignment spread exposure illiquidity tolerance).

• Work with derivatives teams to design size and assess hedging strategies (rates convexity optionality) including hedge effectiveness analysis.

• Recommend balance sheet actions that improve earnings stability capital efficiency and alignment with risk appetite.

CICB Management and Regulatory Information

• Develop ALM stress and scenario analytics that reflect the joint behavior of assets and liabilities to inform management

• Quantify impacts of regulatory market shocks behavioral changes and structural shifts on ALM position

• Support regulatory filing requirements

• Other duties as assigned related to the ongoing success of CICB

Reinsurance & Structural Strategy Support

• Support evaluation of reinsurance and internal transactions from an ALM and balance sheet optimization perspective.

• Assess implications for liability cash flows capital usage hedging needs and balance sheet resilience.

• Partner with actuarial finance asset and legal teams to integrate transactions into the ALM framework.

Enterprise Balance Sheet Support

• Leverage ALM and liability optimization expertise to support other Corebridge balance sheets on an as-needed basis.

• Contribute to cross-entity initiatives such as:

  • ALM framework enhancements

  • New transaction or structure evaluations

  • Stress/scenario methodology development

  • Best-practice sharing across legal entities.

Collaboration & Management Development

• Act as a key ALM integrator across actuarial asset management derivatives finance and reinsurance teams.

• Communicate ALM positioning risks and recommendations clearly to senior stakeholders and governance forums.

• Over time assume people management responsibilities as scope and resourcing expand.

Career Path

This role is intentionally designed as a management role with leadership upside.

Leadership responsibilities will expand with demonstrated impact and scale not by title alone.

Skills & Qualifications

Required

• Actuarial credential: FSA (or international equivalent) strongly preferred.

• 10 years of experience in ALM balance sheet risk management or actuarial roles with strong asset-liability integration.

• Hands-on experience building ALM analytics stress testing and optimization frameworks.

• Strong ability to partner with asset management derivatives and actuarial teams.

• Clear concise communicator with strong executive presence.

Preferred

• Bermuda insurance or reinsurance experience.

• Exposure to reinsurance-supported balance sheet structures.

• Experience with hedging programs for long-duration liabilities.

• Familiarity with economic capital or Bermuda-style balance sheet frameworks.

Compensation

The anticipated salary range for this position is $170000 to $200 000 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 candidates 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 is based in Corebridge Financials Woodland Hills CA or New York City office and is subject to our hybrid working policy which gives colleagues the benefits of working both in an office and remotely.

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.

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