ALM and Regulatory Capital Analyst

  • Competitive
  • Boston, MA, USA Boston MA US
  • Permanent, Full time
  • Wellington Management Company, LLP
  • 25 May 18 2018-05-25

ALM and Regulatory Capital Analyst

WELLINGTON MANAGEMENT

Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 50 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.

POSITION

Wellington Management Company, LLP is seeking a quantitative analyst with expertise in ALM and Regulatory Capital Management to join the Global Risk and Analytics (GRA) group within Wellington Investment Science.  GRA is responsible for investment risk modeling and measurement, security analytics, and investor risk engagement and oversight.

The ALM and Capital Strategy Analyst will work with specialists in the GRA team and Wellington Information Technology to build a scalable Enterprise Risk Management capability to support Wellington's Financial Reserves Management business development and investment process. The candidate must possess strong quantitative modeling skills and domain expertise in regulatory capital and reporting requirements, tax law, and actuarial modeling for insurers.

The Analyst will partner closely with the Financial Reserves Management ALM and Capital Strategy team, which provides asset allocation, capital management, and other advisory services to global insurance clients and prospects. Good communication skills and the ability to manage deadlines are critical. In addition to deep domain knowledge and technical ability, success in this role requires the ability to work with clients and prospective clients on technical matters, to communicate clearly and without jargon or excessive detail, and to understand unique client requests.

The candidate should be able to work independently and within a team environment. Good communication skills are critical as the successful candidate will individually manage projects and will also interact closely with investment teams, product management and business professionals.

RESPONSIBILITIES

  • Build quantitative models for our clients' investment risk management needs and create output useful for presenting results to clients 
  • Produce regular ALM projections and information for various purposes, including cash flow testing, stress testing,  economic capital estimates, and liability and asset cash flow modeling
  • Build scalable enterprise capabilities for ALM and ERM that are well documented and maintain a strong control environment
  • Work on economic scenario generation and asset return simulation for strategic ALM and regulatory scenario analysis
  • Assist clients with rating agency and regulatory requests
  • Perform analysis of potential changes to investment strategies and make recommendations


QUALIFICATIONS
  • Strong quantitative and analytics skills, including the ability to understand concepts and assets situations in a timely manner
  • Actuarial designation at the level of an Associate of the Society of Actuaries or Casualty Actuarial Society, or higher
  • Strong knowledge of asset classes that insurance companies invest in, including the risk/return, liquidity, and cash flow characteristics of these asset classes 
  • Ability to articulate complex investment strategies/processes in a clear and concise manner and comfort in interacting with clients during meetings and over the phone
  • Working knowledge of insurance regulations and rating agency requirements, including AM Best BCAR, S&P CAR, NAIC RBC, and CCAR
  • Experience modeling loss projections of various asset classes
  • Passion for solving problems and sharing solutions to exceed the standards of the client
  • Knowledge and experience with industry standard actuarial modeling systems
  • Ability to be a self-starter and work independently, but also cooperatively in a close team environment
  • Programming ability in Python or other high level language and knowledge of SQL


JOB TITLE
ALM and Regulatory Capital Analyst

JOB FAMILY
Investment Risk Services

LOCATION
Boston

As an equal opportunity employer, Wellington Management considers all qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law. If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at Wellington@icareerhelp.com .