Talcott Financial Group* is an international life insurance group and the industry’s trusted partner for comprehensive risk solutions. Talcott creatively designs and expertly delivers responsive solutions that transfer risk and manage capital in a way that supports the strategic needs of insurers today and into the future.

Talcott Financial Group has a proven track record of well-executed transactions, and the enterprise benefits from its strong financial position with over $127 billion in assets under management, its investment-grade financial strength ratings, and its partnership with Sixth Street, a leading global investment firm.

Talcott Financial Group’s two core business platforms include: U.S. based Talcott Resolution and Bermuda and Cayman based Talcott Re.

Overview:

This position will join the ERM team, reporting to the US Chief Risk Officer / Head of Financial Risk Management. This role will make significant contributions to the management of Financial Risk in the Enterprise, including Credit Risk, Market Risk, and Liquidity Risk. The role will also play a significant role in risk assessment, risk measurement, and the development of risk mitigation strategies to support the Corporate Development team with new business growth initiatives.

The role will work in close partnership with the firm’s investment management division and will be primarily based in Hartford or Charlotte with NY-based or remote applicants also considered.

Primary Responsibilities:

Assist in monitoring and managing existing hedge positions and open risk on legacy and reinsured blocks of business
Assist in reviewing potential blocks of business for acquisition and evaluating potential hedge strategies or other risk mitigation approaches
Assist in reviewing liquidity risks across the enterprise and recommending stress tests for liquidity analysis at operating company and enterprise level
Assist in the assessment of risks embedded in the products that include capital markets modeling of guarantees, examination of product features and functions, and review of model implementations
Assist the Head of Financial Risk in developing, implementing, and communicating risk-related policies and procedures across TFGI for enterprise credit risk
Contribute to the design of stress and scenario testing and analysis of TFGI’s general account portfolio at both the operating company and enterprise level
Ensure large strategic transactions have full and proper documentation

Collaborate with the Hedge Trading Desk to explore risk return profiles and trading analytics

Partner with the Investment Management, ALM, Treasury, Finance and Actuarial teams to assess impact of various ALM and hedge strategies

Qualifications:

Understanding of variable and fixed annuity risk and profit profile as well as the modeling for these risks—variable or fixed indexed annuity experience a plus
Strong Mathematical and analytical skills coupled with knowledge on fixed income asset classes, pricing models, complex derivatives, and numerical derivatives pricing techniques
Proficiency with spreadsheet and database applications, including the ability to automate tasks using VBA/SQL or other macro programming languages
AI proficiency a plus
Ability to perform ad hoc analysis under binding time constraints, the desire to take pride in and ownership of work products and presentation, intellectual curiosity, excellent communication skills, and the willingness to “do what it takes” to meet critical objectives
Ability to multi-task and effectively balance short-term and long-term priorities
ASA is highly desirable; FSA or CFA designation a plus
Knowledge of US Statutory and GAAP accounting principles is desirable
Experience with Bermuda Economic Balance Sheet framework a plus
Ability to form and maintain strong working relationships with individuals of all levels from other departments
Expertise in asset risk including market, interest rate and liquidity risk
Strong communication skills to explain emerging issues to key stakeholders including management, ratings agencies, and regulators

Compensation:

This range represents the minimum and maximum annual base salary we reasonably expect to pay for this role at the time of posting. The actual base pay could vary and may be above or below the listed range. The base pay is based on factors including but not limited to experience, competence, and demonstration of proficiencies essential for the role. The base pay is just one component of Talcott’s total annual compensation for employees. Other compensation may include annual bonuses, long-term incentives and recognition.

*This role is not eligible for visa sponsorship. Applicants must be authorized to work in the United States on a full-time basis without current or future visa sponsorship.

**Talcott Financial Group is an equal employment employer. All qualified applicants will receive consideration without regard to race, color, sex, religion, age, national origin, disability, veteran status, sexual orientation, gender identity or expression, marital status, ancestry or citizenship status, genetic information, pregnancy status or any other characteristic protected by law. Talcott Resolution maintains a drug-free workplace. For more information regarding our Privacy Policy, please go to https://talcott.com/onlineprivacypolicy/onlineprivacypolicy.html