Job description
Who We Are
Corebridge Financial helps people make some of the most meaningful decisions they’re ever going to make. We help them plan and take action to protect the future they envision, and respond to some of life’s most difficult moments through the solutions and services we provide. We do this through our broad portfolio of life insurance, retirement and institutional products, offered through an extensive, multichannel distribution network. We provide solutions for a brighter future through our client centered service, breadth of product expertise, deep distribution relationships, and outstanding team of hardworking and passionate employees.
The Department
Market Risk Management is a multi-disciplinary financial derivatives team that applies state-of-the-art technology in performing highly dynamic work. Our mandate is to manage one of the most complex derivatives available today: retirement living benefit guarantees. In service of that mandate we: manage a $50 billion+ multi-asset hedging portfolio, do research and development of new retirement products, and provide modeling and analytics expertise for the business. We are part of a larger organization but cultivate the entrepreneurial spirit of a small start-up. Our work is cutting edge within the industry.
The Team
The Market Risk Management Trading Team manages Corebridge’s variable annuity (VA) and index annuity (FIA) $50 billion + book of business. The VA and FIA business blocks contain complex exotic options that require proven expertise in derivatives, financial engineering and the capital markets to effectively manage. We are looking for a candidate that can apply these skills in a fast paced, fluid environment.
Principal Responsibilities
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Assist in performing quantitative analysis on large scale derivatives portfolio which include:
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Advancing new hedging strategies
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Document quantitative research processes, results, and testing procedures
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Communicate results to external constituents
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Play critical role in daily management of derivatives risk profile which include:
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Aggregate and analyze risk data
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Monitor and support FIA/VA/IUL hedging portfolio management
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Daily trading activity, including but not limited to performing analysis to support trade decisions, ad-hoc research to explain results, etc
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Improving hedging PnL by providing more detailed explanations for the daily attribution
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Continuously improving MRM trading tools
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Assisting senior team members in their trading strategy analysis
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Financial derivatives and investment related projects as needed.
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Candidate Profile
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Able to perform under pressure in fast paced environment where priorities can shift quickly.
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At least 4+ years of relevant experience in the financial services industry.
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Master’s degree in numerate field.
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ASA/FSA, CFA, FRM, CQF or other financial mathematics designation(s) strongly preferred
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Strong programming skills with knowledge of Python strongly preferred
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Knowledge/experience includes one or more of the following:
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Capital Markets (CFA Level)
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Risk Management (FRM Level)
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Derivatives models and valuation techniques
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Variable Annuities and/or Index Annuities
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User level data-base expertise. Knowledge of Access or SQL is preferred.
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Personal attributes of a successful candidate would include:
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Enjoy working on multidisciplinary team to solve analytically complex problems.
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Detail and process oriented.
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Comfortable working in a structured environment that emphasizes operational controls.
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Ability to work on multiple projects, often with tight deadlines.
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What Our Employees Like Most About working For Corebridge Financial
- We care about your professional development. Our career progression program will provide you with the opportunity to develop your skills, strengthen your productivity and be eligible to progressively advance to positions with an increased responsibility and increased compensation.
- Our “Giving Back” policy is at the core of our daily operations and guides our future progress. Don’t believe us? We put our money where our mouth is! Corebridge Financial, will give you up to 16 hours a year paid time off to volunteer in the community.
- Our people are at the forefront of creating value for customers and stakeholders and therefore we provide a generous benefits plan and competitive pay. Benefit package includes:
- Paid Time Off (Corebridge Financial recognizes the importance of work life balance). We offer 24 PTO days to start. YES, 24! 17 paid holidays per calendar year.
- A 401(k) Retirement Plan which will be HARD TO BEAT. Our 401K - $1 for $1 match up to 6% with immediate vesting, plus Corebridge Financial automatically contributes an additional 3% in to your 401K regardless of if you enroll or not.
For positions based in New York City, the base salary range is $124,000 - $155,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we’re proud to offer a range of competitive benefits.
For positions based in Woodland Hills, CA. the base salary range is $124,000 - $155,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we’re proud to offer a range of competitive benefits.
#LI-SB1 #LI-SAFG #LI-Hybrid #LI-Remote
We are an Equal Opportunity Employer
Corebridge Financial, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories such as sexual orientation. At Corebridge Financial, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for 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 people are not only respected as individuals, but also truly valued for their unique perspectives.
To learn more please visit:
www.corebridgefinancial.com
Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. 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
We consider qualified applicants with criminal histories, consistent with applicable law.
candidatecare@aig.com
. Reasonable accommodations will be determined on a case-by-case basis.
Functional Area:
RK - Risk
Estimated Travel Percentage (%): No Travel
Relocation Provided: No
American General Life Insurance Company
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