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Job Purpose

The Financial Risk Director contributes to the Risk function's oversight of risk management activities across the organization. The Director is a technical expert in risk management and possesses strong experience in developing risk analytics for annuity businesses. This individual measures, monitors, analyzes, and reports the risk exposures of the company, namely market, credit, insurance, and model risk. The Financial Risk Director reports to the VP, Risk and is a technical role that will be exposed to the full spectrum of the Risk function's responsibilities.

Essential Responsibilities

+ Acts as a key contributor to the development and use of quantitative models and analytical tools that facilitate robust risk analytics related to the company’s capital and liquidity positions.

+ Acts as a subject matter expert on the calibration of the company’s Economic Scenario Generator, which is used to produce the joint distribution of equity and interest rates used for risk analysis.

+ Provides effective review, challenge, and recommendations for enhancement of the Risk Appetite and Limits structure and calibration of models used to assess risk exposure.

+ Contributes to the design, analysis, and implementation of the Stress and Scenario Testing/Reverse Stress Testing process and provides risk insight from the results.

+ Performs validations and control reviews of actuarial/financial models, including assessments of the methodologies and assumptions used within models.

+ Develops and maintains effective relationships with other functions (ALM, Treasury, Finance, Actuarial, Audit, Compliance, etc.) to facilitate a holistic view of risk across the organization and to strengthen cross-disciplined risk management.

+ Contributes to the development of the next level of talent to build bench strength and increase efficiency and productivity of the team.

Other Duties

+ Performs other duties and/or projects as assigned.

Knowledge, Skills and Abilities

+ Ability to independently lead technical workstreams from concept to implementation.

+ Demonstrated experience in quantifying and managing the risk embedded in annuity products.

+ Demonstrated experience in the design, development, use, and testing of quantitative financial models; experience using Python and MG-ALFA preferred.

+ Deep understanding of financial risk management principles, processes, and practice, including the quantitative methods that are used to evaluate the full spectrum of financial risks inherent to an annuity company.

+ Knowledge of derivative pricing and hedging theory and its application to managing annuity risk.

+ Ability to mentor and train others on the technical aspects of capital and liquidity risk analytics.

+ Forward–thinking, collaborative, and proactive individual with confidence and ability to recommend and implement change.

Qualifications

Bachelor's Degree in a quantitative discipline required.

Master's Degree in a related field or FSA designation preferred.

8+ years in a financial services company required, with experience in an annuity company preferred.

We don't just accept difference - we celebrate it, we support it, and we thrive on it for the benefit of our employees, our products and our community. Jackson is proud to be an equal opportunity workplace. The Company subscribes to and endorses federal and state laws and regulations relating to equal employment opportunity for all persons without regard to race, color, religion, gender, age, national origin, legally-recognized disability, marital status, legally-protected medical condition, citizenship, ancestry, height, weight, sexual orientation, veteran status, or any other factor not related to the needs of the job. The Company is committed to a policy of equal opportunity. Company facilities and campuses are tobacco-free environments.

At Jackson, our employees are empowered to bring a fresh perspective, confront new challenges, and define their own career paths. We value the unique perspectives and innovative ideas that come from our employees' diverse backgrounds.

Jackson is the marketing name for Jackson National Life Insurance Company (Home Office: Lansing, Michigan) and Jackson National Life Insurance Company of New York (Home Office: Purchase, New York). Jackson National Asset Management, LLC (JNAM) located in Chicago, Illinois, is an SEC-registered investment adviser and Jackson subsidiary.

Annuities are distributed by Jackson National Life Distributors LLC, Member FINRA.

Jackson companies offer an outstanding benefits package including competitive pay, bonuses, comprehensive health insurance benefits, a matching 401(k) retirement plan, adoption assistance, education matching gift program and dependent tuition program. Online applications requested. Contact [email protected] for alternate formats for accommodation.

To learn more about Jackson's financial strength and results, visit jackson.com (https://www.jackson.com/our-company/financials/landing.xhtml) .