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TIAA Lead Asset Modeler in Charlotte, North Carolina

Market Risk Officer

The Market Risk Officer builds models that analyze the risk and return profiles of primary asset classes to drive investment views, understands fundamental sources of risk for the general account and enterprise, and assists in the production of enhanced surveillance and risk reports for the general account and enterprise. As a recognized thought leader both within and outside the organization in market risk, this job analyzes investment risks within each major asset class, including: credit risk, equity risk, country/geographical concentration, currency risk, off-balance sheet risk and derivatives risk.

Key Responsibilities and Duties

  • Develops for each asset class a view on fundamental risk drivers within an asset class.

  • Develops asset class specific surveillance and risk reporting frameworks.

  • Drives the analysis for benchmark selection/derivation for risk budgeting.

  • Determines and models risk limit framework across the appropriate investment risks.

  • Analyzes the enterprise wide risk profile for undue concentrations of risk.

  • Works across the various functions in risk management to ensure that risk calculations and sensitivity analysis are based on reasonable, fundamentals oriented intuition.

  • Reviews and approves complex and significant investment and market risk management processes under the organization's global risk framework, embedding appropriate risk management systems and models in order to drive best practices in risk management reporting and solutions.

Educational Requirements

  • University (Degree) Preferred

Work Experience

  • 5+ Years Required; 7+ Years Preferred

Physical Requirements

  • Physical Requirements: Sedentary Work

Career Level

9IC

REQUIRED QUALIFICATION

  • 5 years Modeling and/or Coding experience required

PREFERRED QUALIFICATIONS

  • 7 years Modeling and/or Coding experience

  • Insurance or Finance industry experience

  • Master's or PHD preferred

  • Bachelor Degree in Mathematics, Computer Science, Finance or Physics

  • Experience with programming languages, Python, Matlab or R

  • Experience with Fixed Income or Alternative Assets

ADDITIONAL JOB RESPONSIBILITIES

  • Support the implementation of the strategy for the modeling of TIAA’s invested assets used in the asset liability projection model that supports actuarial modeling applications

  • Develop, maintain, and support the existing asset models, such as: perform regular updates and production of model results as required by business need, implement enhancements to models as directed by Team lead and business leaders

  • Develop market data adapters for security and reference data for providers like Reuters, Bloomberg, Intex etc., in order to recalibrate models in a timely manner

  • Coordinate with other internal teams in Actuarial, IT, Risk Management to understand requirements and automate systems

Potential Salary: $199,025.00 USD

Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).


Company Overview

TIAA is the leading provider of financial services in the academic, research, medical, cultural and government fields. We offer a wide range of financial solutions, including investing, banking, advice and education, and retirement services.

COVID-19 Vaccination

TIAA requires all U.S. employees to be fully vaccinated against COVID-19 and provide documentation of full vaccination, unless you qualify for an accommodation as determined by TIAA consistent with applicable law.

Benefits and Total Rewards

The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary (https://www.tiaa.org/public/pdf/benefits-at-a-glance.pdf) .

Equal Opportunity

We are an Equal Opportunity/Affirmative Action Employer. We 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 protected status.

Read more about the Equal Opportunity Law here (https://www.dol.gov/general/topics/posters) .

Accessibility Support

TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.

If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:

Phone: (800) 842-2755

Email: accessibility.support@tiaa.org

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