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M
MetLife
AVP, Market Risk & Derivatives
Career Insights for Director of Risk Management
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Based on New Jersey data
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What they do
A Director of Risk Management directs and oversees risk management activity for a company or organization. Evaluates risk, develops strategies to mitigate or offset risks that could result in financial losses, and directs implementation of risk management strategies. May direct risk management in investments, business operations and finance, or insurance..
$150,398 / year median in New Jersey
Job Description
Join our Global Risk Management Group, where you'll play a key role in safeguarding the company, ensuring we deliver on our commitments to customers and stakeholders, and driving responsible growth. As part of our team, you'll identify, monitor, and mitigate both financial and non-financial risks across the organization. Leverage your expertise as the second line of defense to advise our business on effective risk management strategies. This means challenging ideas, implementing robust controls, and enforcing guardrails to foster responsible business growth. Join us in advancing MetLife's legacy of trust through exemplary risk management practices. The AVP, Market Risk & Derivatives leads a team that provides second-line oversight of the company's derivatives and reinsurance activities, ensuring effective risk monitoring, governance, regulatory compliance, and adherence to approved risk limits. The role is also responsible for maintaining the firm's Risk Neutral Economic Scenario Generator and overseeing key quantitative processes that support hedge effectiveness testing and actuarial reserve calculations. Guided by our mission, always by your side to help build a more confident future, and by our New Frontier strategy focused on stronger growth, attractive returns, and consistent performance in all market conditions, this role offers an exciting opportunity to shape our monitoring and testing processes for the future including improving workflows to leverage emerging AI capabilities and working with the broader market risk team on various ALM, Liquidity, or Reinsurance related metrics and monitoring capabilities Oversee derivatives and reinsurance risk monitoring and measurement, including Potential Future Exposure calculation, and counterparty risk limit setting, and ensuring timely remediation or escalation of any issue as appropriate. Oversee Legal and Economic Hedge Effectiveness Testing providing appropriate challenge and scrutiny as necessary Oversee the maintenance of MetLife's Risk Neutral Economic Scenario Generator and deterministic interest rate generator and managing the effective delivery of the scenarios to the systems in a timely manner Leading implementation of monitoring capabilities for certain reinsurance related risk metrics, including hedge guidelines and investment guidelines Partnering with others on the Market Risk team on ALM or Liquidity related projects, including, assisting with liquidity dashboard generation, FX monitoring and measurement, and potential responsibility within the ALM Working Group Governance process Working with Derivatives Middle Office, Front Office and IT, to ensure systems are up-to-date and running smoothly Advanced degree in Mathematics, Financial Mathematics, Quantitative Finance, Predictive Analytics, or related; or equivalent quantitative expertise demonstrated through professional experience 7+ years investment, derivative, or ALM related experience Ability to leverage analytical and AI-assisted tools to interrogate data, perform quantitative analyses, and communicate risk insights Strong understanding of stochastic processes Ability to manage multiple priorities and tasks and work as part of a cross-functional group to manage and solve issues Strong Excel modeling skills Experience with Numerix Python coding experience Understanding and experience with agentic
AI Location Expectation:
This is a hybrid role r equiring a minimum of 3 days per week in office. The expected salary range for this position is $164,200- $218,900 .
- and long-term disability.
- to help our colleagues, customers, communities, and the world at large create a more confident future. United by purpose and guided by our core values
- Win Together, Do the Right Thing, Deliver Impact Over Activity, and Think Ahead
- we're inspired to transform the next century in financial services.