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Oversee the analytical portrayal of TIAA’s invested assets in its asset liability framework to support all applications such as asset allocation, Fed stress-testing, cash flow testing and economic capital purposes.
Key Duties & Responsibilities:
*Manage the procurement, implementation and testing of external and internal asset modeling components
*Ensure that projections of asset performance are accurate and scenario-consistent
*Assume ownership for all assumptions and settings related to asset projections
*Perform and publish regular default loss and prepayment studies of TIAA assets
*Gain thorough understanding of Conning economic scenario generator GEMS, manage the Conning relationship and coordinate the TIAA-wide use of GEMS
Nature of Impact
This job will create understanding related to the prospective performance of TIAA’s assets, helping management formulate better decisions with respect to asset allocation, risk appetite and capital sufficiency and potentially to improve general account yields.
Area of Impact
Beneficial impact to financial performance and risk management across TIAA.
Highly complex with strong analytical, problem-solving, communication and technical skills
Advanced knowledge of markets, models and risk determinations relevant to actual and prospective asset holdings of TIAA
Business or Industry Expertise:
Advanced knowledge and understanding of TIAA’s business and industry position
Interactions / Interpersonal Skills:
High degree of interaction with all levels within Finance, Actuarial, Risk Management and Asset Management necessitating considerable interpersonal, communication and persuasion skills
Skills and Abilities:
*Strong experience with and understanding of actual and prospective asset classes of TIAA, including real assets and private asset classes
*Strong analytic, communication and influencing skills
*Strong experience with and understanding of models of asset performance, including both vendor and home-brew software
*Ability to work independently and to collaborate with others
*Proficiency in Excel, VBA, MatLab
Masters or MBA
CFA a plus
10+ years’ experience with ALM and/or investment management
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We are an Equal Opportunity/Affirmative Action Employer. We will consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.
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