AVP, Market Risk

AVP, Market Risk National Life Insurance Company - 3.8 Addison, TX Job Details $187,500 - $275,000 a year 1 day ago Benefits Benefits from day one Life insurance Qualifications Master's degree in business administration Economics Management Financial model development Bachelor's degree in finance Regulatory compliance Internal compliance auditing Data reporting Mathematics Bachelor's degree in economics Finance Team development Analysis skills Bachelor's degree Master of Science Mentoring Hedging strategy Financial regulatory compliance Bachelor's degree in mathematics Quantitative analysis Senior level Cross-functional collaboration Master of Business Administration Chartered Financial Analyst Communication skills Regulatory compliance management Cross-functional communication Internal audits FSA Foreign exchange 10 years Actuarial Science Full Job Description Come join one of America's fastest-growing insurance companies. Since 1848, National Life Group has aimed to keep our promises, providing families with stability in good times and in bad. Throughout that history, we have provided peace of mind to those families as they plan their futures. Our mission extends beyond the insurance and annuities policies that we offer. We strive to make the world a better place through our grants from our charitable foundation, paid volunteer time for our employees, environmentally sustainable and healthy workplaces, and events that promote the work of nonprofits in our own backyard. We foster a collaborative environment with opportunities for growth and encourage our associates to live our values: Do good. Be good. Make good. Role Summary Please note that we do not offer visa sponsorship for this position. The Assistant Vice President, Market Risk & Asset Liability Management (ALM) is responsible for leading key aspects of National Life Group's Market Risk & ALM management programs. This role supports balance sheet resilience by providing rigorous risk analytics, governance, and insights related to interest rate risk, liquidity risk, and broader market risks. The VP in Enterprise Risk Management partners closely with Investments, Finance, and Actuarial teams to ensure alignment between asset strategy, liability characteristics, capital objectives, and the company's enterprise risk appetite. This role contributes materially to earnings stability, capital efficiency, and regulatory readiness while upholding National Life Group's mutual values and policyholder commitments. Key Responsibilities Market Risk Management Support and enhance the enterprise market risk framework covering interest rate, credit spread, equity, FX, and other relevant market risks. Monitor market and ALM risk limits and escalations in alignment with National Life Group's risk appetite. Oversee stress testing, scenario analysis, and tail-risk assessments under adverse market conditions. Conduct derivative effectiveness testing and support economic surplus-at-risk and capital-related analyses. Asset-Liability Management (ALM) Lead and execute core elements of National Life Group's Market and ALM framework, including interest rate risk, liquidity risk, cash flow testing, and hedging analysis. Oversee the development, maintenance, and interpretation of ALM models, including stochastic projections, scenario analysis, sensitivity testing, and cash flow matching. Partner with Investments, Finance, Actuarial, and Product teams to ensure asset strategies appropriately reflect liability structures and policyholder obligations. Evaluate balance sheet impacts of new products, reinsurance strategies, and investment initiatives. Support ongoing assessment of ALM strategies as market, economic, and regulatory conditions evolve. Prepare and present ALM analysis, risks, and recommendations for governance risk forums such as risk committees. Governance, Reporting & Regulatory Contribute to risk governance processes, including preparation of materials, risk assessments, and follow-up actions. Support compliance with regulatory and rating agency expectations (e.g., NAIC, ORSA, RBC, VM-20/30/31). Participate in regulatory exams, internal audits, and external reviews related to ALM and market risk. Deliver clear, concise, executive-ready risk reporting that translates complex analytics into business-relevant insights. Leadership & Collaboration Lead, mentor, and develop ALM and market risk professionals, fostering a culture of transparency, accountability, and proactive risk management. Collaborate closely across ERM, Finance, Investments, Asset Management, Actuarial, and Product teams. Serve as a trusted risk partner by providing thoughtful challenge, practical solutions, and sound judgment. Contribute to broader enterprise risk management, capital planning, and strategic initiatives as needed. Qualifications Required Bachelor's degree in actuarial science, Finance, Economics, Mathematics, or a related field. 10 plus years of experience in ALM, market risk, liquidity risk, reinsurance risk, actuarial, investments, or financial risk management within insurance or asset management. Strong understanding of insurance balance sheets, liability structures, and general account investment portfolios. Hands-on experience with ALM modeling, stress testing, economic scenario analysis, and risk reporting. Demonstrated ability to communicate complex technical concepts clearly to senior leaders and governance committees. Proven ability to collaborate effectively across functions and influence outcomes. Preferred Fellow of the Society of Actuaries (FSA); CFA or FRM strongly preferred. Advanced degree (MBA, MS) a plus. Experience with regulatory frameworks such as NAIC, ORSA, RBC, and economic capital. Familiarity with modernizing risk analytics, modeling tools, or data platforms. Key Competencies Strong analytical and quantitative skills Clear, confident communication and executive presence Sound judgment and risk awareness Collaborative, enterprise-minded leadership style Ability to manage complexity and ambiguity Commitment to National Life Group's mission and mutual values Benefits Your benefits start day one and are flexible and customizable to your and your family's specific needs. Check out the

BENEFITS

of a Career at National Life! National Life Group® is a trade name of National Life Insurance Company, Montpelier, VT - founded in 1848, Life Insurance Company of the Southwest, Addison, TX - chartered in 1955, and their affiliates. Each company of National Life Group is solely responsible for its own financial condition and contractual obligations. Life Insurance Company of the Southwest is not an authorized insurer in New York and does not conduct insurance business in New York. Equity Services, Inc., Member FINRA/SIPC, is a Broker/Dealer and Registered Investment Adviser affiliate of National Life Insurance Company. All other entities are independent of the companies of National Life Group. Fortune 1000 status is based on the consolidated financial results of all National Life Group companies. Social Media Policy Site Disclosure and Privacy Policy National Life Group 1 National Life Dr Montpelier, VT 05604