Manager, Asset Liability Management

This newly developed role will contribute to the build out of Venerable's new asset-liability management capabilities by leveraging extensive financial modeling experience. The incumbent will take part in building our investment risk and ALM infrastructure and accompanying models and also provide support to key processes for measuring, monitoring, and reporting investment and ALM risk.

Primary responsibilities will be as follows:

• Build and support strategic asset allocation, liquidity analysis, risk simulation, stress tests, cashflow projections, performance attribution, and other projects
• Build models to measure and aggregate asset and liability risks across stochastic paths.
• Create risk measures and attribution for ALM and liquidity risk across time horizons and risk distributions.
• Understand and implement modeling techniques that allow Venerable to assess tradeoffs between hedging, investing, and accepting tail risk.
• Manipulate large datasets for reporting, change attribution, and modeling.
• Perform model sensitivity analysis to understand key drivers.
• Use quantitative methods to measure risk (e.g., value at risk, optimization, monte carlo simulation, principal components analysis, and regressions)
• Write, edit, and debug Python, R, and VBA code; support transition from R and VBA code to Python
• Prepare investment risk and ALM presentation materials
• Communicate and present work to internal stakeholders
• Work with other groups in organization (investment management, enterprise risk, data governance, hedging) to complete necessary tasks
• Document code and processes
• Support monthly and quarterly reporting

Key Required Qualifications:

• Bachelor’s degree in Finance, Economics, Mathematics, Actuarial Science, Computer Science, Engineering or equivalent quantitative field
• Advanced knowledge of financial mathematics with solid understanding of derivatives
• Minimum of 10 years of fixed income and derivatives pricing, risk, or modeling experience
• Minimum of 5 years of Python or similar programming experience
• Minimum of 5 years of multi-period stochastic modeling
• Experience with economic capital
• Strong Excel spreadsheet skills
• Excellent analytical and problem-solving skills
• Strong oral and written communication skills
• Highly collaborative, intellectually curious, and excited to learn
• Ability to manage competing priorities and deadlines
• Experience with Variable Annuity hedging or ALM is strongly preferred

Please note: The use of AI tools (such as ChatGPT or similar platforms) during interviews is not permitted without the prior approval of Venerable, as the use of such tools may interfere with company confidentiality, misrepresent a candidate’s skills and experience or otherwise conflict with Venerable’s hiring policies. If you are selected for an interview and a reasonable accommodation is needed, please notify the Venerable Human Resources recruiter aligned to the open position in which you are interviewing for.

If Venerable, in in its sole discretion, determines that AI is being used during an interview without prior approval, Venerable reserves the right to end the interview early and/or disqualify a candidate.

Venerable Values:

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