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Head of Credit Risk Vice President
Location : New York, New York City
Refer job # PZSK336278

Job Responsibilities and Requirements: (company) is the largest mutual life insurance company in the United States . Headquartered in New York City, maintains offices in all fifty states, and owns Seguros Monterrey in Mexico. one of the most financially strong and highly capitalized insurers in the business. The company reported 2016 operating earnings of $1.954 billion. Total assets under management at year end 2016, with affiliates, totaled $538 billion. As of year-end 2016, surplus was $23.336 billion holds the highest possible financial strength ratings currently awarded to any life insurer from all four of the major ratings agencies: A.M. Best, A++; Fitch AAA; Moody's Aaa; Standard & Poor's AA+. (Source: Individual Third Party Ratings Report as of 8/17/16). Financial strength, integrity and humanity the values upon which was founded have guided the company's decisions and actions for over 170 years. Reporting to the Head of Financial Risk, the Head of Credit Risk will be a key role within the Risk Management team and will require an individual with deep specialized credit risk management experience. The person in this role will lead a credit risk team and develop the procedures and framework for oversight of investment strategies and decisions across all asset classes including public credit, privates, structured securities and real estate. The incumbent will need sufficient experience, stature, and credibility in the organization to provide the appropriate risk perspective consistent with industry best credit risk practices and regulatory expectations. Key Responsibilities: Design and build a review and oversight framework capable of providing an informed risk view on general account Develop a target operating framework for monitoring and evaluating credit risk. Identify potential gaps in independent control, oversight and risk perspective. Provide ongoing overview of investment strategies and investment decisions including review of appropriateness of assumptions used and recommendations made. Responsible for credit risk concentrations and aggregation reporting, exposure methodology, limit setting and monitoring, escalation of limit breaches to management and portfolio reviews. Serve as a member of the Financial Risk Committee. Present to the NYL Risk Steering Committee, as needed. Conduct or assist in enterprise or regulatory stress tests and/or scenario analyses. Develop and implement procedures for reviewing significant credit transactions consistent with review limits. Develop investment risk policies. Review 1st line of defense back testing of impaired investments for potential improvement in underwriting guidelines. Support, collaborate and liaise with the business leaders. CANDIDATE QUALIFICATIONS: 10+ years of risk management experience with specific background in credit risk management or equivalent investment experience (e.g. credit analyst) Accomplished change management leader, able to operate effectively in a highly matrix environment. Relationship Management and strong communication and partnering skills Ability to develop talent, empower individuals and manage diverse teams to drive engagement and performance. Demonstrated ability to influence policy and strategy through effective collaboration Undergraduate degree required, CFA, MBA or other advanced degree preferred.



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