TIAA Sr. Director, Analytics & Modeling in New York, New York
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.
KEY RESPONSIBILITIES AND DUTIES:
Quantitative Risk Management Officer
The Quantitative Risk Management Officer develops and implements global risk management systems and processes used to minimize risks on the organization. As a senior level professional in the Quantitative Risk Management department, this job develops, reviews and validates, and in some cases designs, quantitative risk models.
Key Responsibilities and Duties
Implements quantitative analysis methods and related technology-based tools to analyze data in order to effectively monitor, measure, and manage investment risks.
Develops, reviews and validates risk models and researches new models to identify relationships among complex data.
Supports the risk management system and regularly communicates material risk issues, risk metrics, and risk exposure resolutions.
Monitors and ensures business does not take on excessive levels of risks and recommends way to control or mitigate risks.
Facilitates explanations of quantitative risk management policies and procedures to ensure timely and transparent communication.
Liaises with business to explain newly developed models and how to limit risk.
5 Years Required; 7 Years Preferred
University (Degree), Preferred
- Physical Requirements: Sedentary Work
- University (Degree)
The primary purpose and function of this job is to provide asset and/or liability risk modeling and liability product risk modeling to support the quantitative assessment and oversight of risks to the firm.
ADDITIONAL JOB RESPONSIBILITIES AND DUTIES:
• Develop analytic models to support the Asset Liability management risk and liability product pricing and risk within TIAA’s risk reporting framework.
• Evaluate, adjust to address TIAA-specific needs, or provide independent assessment of third party risk models.
• Liaise regularly with colleagues in the Investment, Risk and Actuarial areas, sharing Risk Management methods and gaining familiarity with their approach and models in order to support Financial Risk & Capital Management within risk reporting framework.
• Maintain models including ensuring consistency with TIAA’s Model Risk Management policy.
FSA required, and CERA credential preferred.
Minimum Pay: $139,100.00
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) .
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) .
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Phone: (800) 842-2755
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TIAA started out over 100 years ago to help ensure teachers could retire with dignity. Today, many people who work at not-for-profits rely on our wide range of financial products and services to support and strengthen their financial well-being.