avature
AVP, Market Risk & Derivatives
MetLife
Whippany, USA
Full-time
Senior · 7+ years experience
Hybrid
USD 164200-218900 yearly / year
Discovered 1 months ago
NumerixPython
Key Skills for This Role
NumerixPython
Full Job Posting
Description and Requirements
- Join our Global Risk Management Group, where you’ll play a key role in safeguarding the company, ensuring we deliver on our commitments to customers and stakeholders, and driving responsible growth. As part of our team, you’ll identify, monitor, and mitigate both financial and non-financial risks across the organization. Leverage your expertise as the second line of defense to advise our business on effective risk management strategies. This means challenging ideas, implementing robust controls, and enforcing guardrails to foster responsible business growth. Join us in advancing MetLife’s legacy of trust through exemplary risk management practices.
Description and Requirements
- The AVP, Market Risk & Derivatives leads a team that provides second-line oversight of the company's derivatives and reinsurance activities, ensuring effective risk monitoring, governance, regulatory compliance, and adherence to approved risk limits. The role is also responsible for maintaining the firm's Risk Neutral Economic Scenario Generator and overseeing key quantitative processes that support hedge effectiveness testing and actuarial reserve calculations.
- Guided by our mission, always by your side to help build a more confident future, and by our New Frontier strategy focused on stronger growth, attractive returns, and consistent performance in all market conditions, this role offers an exciting opportunity to shape our monitoring and testing processes for the future including improving workflows to leverage emerging AI capabilities and working with the broader market risk team on various ALM, Liquidity, or Reinsurance related metrics and monitoring capabilities
Description and Requirements
- Oversee derivatives and reinsurance risk monitoring and measurement, including Potential Future Exposure calculation, and counterparty risk limit setting, and ensuring timely remediation or escalation of any issue as appropriate.
- Oversee Legal and Economic Hedge Effectiveness Testing providing appropriate challenge and scrutiny as necessary
- Oversee the maintenance of MetLife’s Risk Neutral Economic Scenario Generator and deterministic interest rate generator and managing the effective delivery of the scenarios to the systems in a timely manner
- Leading implementation of monitoring capabilities for certain reinsurance related risk metrics, including hedge guidelines and investment guidelines
- Partnering with others on the Market Risk team on ALM or Liquidity related projects, including, assisting with liquidity dashboard generation, FX monitoring and measurement, and potential responsibility within the ALM Working Group Governance process
- Working with Derivatives Middle Office, Front Office and IT, to ensure systems are up-to-date and running smoothly
Description and Requirements
- Advanced degree in Mathematics, Financial Mathematics, Quantitative Finance, Predictive Analytics, or related; or equivalent quantitative expertise demonstrated through professional experience
- 7+ years investment, derivative, or ALM related experience
- Ability to leverage analytical and AI-assisted tools to interrogate data, perform quantitative analyses, and communicate risk insights
- Strong understanding of stochastic processes
- Ability to manage multiple priorities and tasks and work as part of a cross-functional group to manage and solve issues
- Strong Excel modeling skills
Description and Requirements
- Experience with Numerix
- Python coding experience
- Understanding and experience with agentic AI
Description and Requirements
- The expected salary range for this position is $164,200 - $218,900 . This role may also be eligible for annual short-term incentive compensation and stock-based long-term incentives. All incentives and benefits are subject to the applicable plan terms.
- Recognized on Fortune magazine's list of the "World's Most Admired Companies", Fortune World’s 25 Best Workplaces™, as well as the Fortune 100 Best Companies to Work For®, MetLife, through its subsidiaries and affiliates, is one of the world’s leading financial services companies; providing insurance, annuities, employee benefits and asset management to individual and institutional customers. With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East.
- As part of our New Frontier strategy, MetLife is building an AI-enabled, people-centered future. We’re looking for people who bring curiosity, adaptability, and a growth mindset as we use AI to enhance how we serve customers, support communities, and evolve the way work gets done. At MetLife, AI is a responsible partner that supports human judgment, creativity, and continuous improvement while helping us build trust, inclusion, and long-term value.
- Our purpose is simple - to help our colleagues, customers, communities, and the world at large create a more confident future. United by purpose and guided by our core values - Win Together, Do the Right Thing, Deliver Impact Over Activity, and Think Ahead - we’re inspired to transform the next century in financial services. At MetLife, it’s #AllTogetherPossible . Join us!
About MetLife
Insurance46000 employeesFounded 1868
Global provider of insurance, annuities, and employee benefits.
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