Mutual Opportunities
Fixed Income Investment Analyst
Boston, Massachusetts; Springfield, Massachusetts
Thank you to our employees for voting us one of the top places to work in Massachusetts for five consecutive years!
Overview
A career with us means you’ll work alongside exceptional people and be empowered to reach your professional and personal goals. Our employees are at the foundation of what enables MassMutual to deliver on our purpose to help people secure their futures and protect the ones they love.
We embrace the idea that we all are stronger and better through our support for one another. We strive to create a culture where employees feel valued and are celebrated for who they are.
“Since our founding in 1851, mutuality has put our policyowners at the center of everything we do. At our core, we’re a company of people helping people in their time of need, and that spirit extends to the culture we’ve built at our company. Our employees support and rely on each other each day, collaborating to deliver the best solutions for our customers and help millions more secure their future and protect the ones they love.”
Job Description
Fixed Income Investment Analyst
Quantitative Research & Development Team, Investment Management
Full-Time
Boston, MA orSpringfield, MA
The Opportunity
As an Investment Analyst, you will be part of a team responsible for investment data curation and analytics reporting for MassMutual’s general investment account (GIA). In this role you will perform asset curation and data staging for the Market Risk system while continuously improving existing processes. This will require partnership with IT professionals, communication with asset managers, and collaboration with internal stakeholders within Investment Management’s portfolio management teams. Your work will inform MassMutual’s hedging strategies and influence MassMutual’s financial performance.
The Team
This position will be part of the Quantitative Research and Development (R&D) team within Investment Management. The team has a primary focus and responsibility for researching new ideas and strategies and for developing underlying technologies and analytics across MassMutual’s hedging programs. As part of R&D, you will have numerous opportunities to learn, develop, and apply new skills using the latest technologies within a continuously evolving business and market landscape. Our collaborative environment and inclusive culture will encourage you to contribute ideas and participate in a wide range of initiatives across the department.
The Impact
Perform fixed income asset data curation and staging process for MassMutual’s general investment account asset models, influencing portfolio hedging
Validate accuracy of asset analytics, such as spread, yield and duration, and remedy any identified data issues
Collaborate with asset managers to implement a modeling approach for new fixed income investments
Communicate the monthly model results to internal stakeholders in Investment Management, Corporate Actuarial, Enterprise Risk Management and CFO
Continuously improving the new data curation system, by defining new requirements and performing user acceptance testing
Automate existing curation workflows to reduce manual touchpoints, increasing efficiency and accuracy
Contribute to regular Cash Flow Testing exercise through data cleaning and curation
Demonstrate GIA asset model completeness through data traceability and reconciliation to financial statements
Guide and mentor junior team members as a subject matter expert of the data curation system and methodologies
The Minimum Qualifications
Bachelor’s degree in computer science, engineering, math or related degree
7+ years relevant work experience in investment management, ALM, or asset modeling
5+ years of fixed income securities experience
3+ years of programming experience in a language such as Python, VBA, or SQL
The Ideal Qualifications
Master’s degree in computer science, engineering, math or related degree or certification(CFA, FSA, ASA)
Expertise in fixed income, structured, and derivative instruments used for life insurance company asset and liability management
Strong modeling and technical skillset
Comfortable working with large datasets
Intellectual curiosity to explore new technology and find alternative solutions
Experience writing requirements, bug reports, and performing user acceptance testing as part of an agile software development cycle
Ability to prioritize multiple projects simultaneously
Demonstrated knowledge of financial greeks
Clear and concise written and verbal communication skills
What to Expect as Part of MassMutual and the Team
Regular meetings with the Quantitative Credit Analytics Team
Focused one-on-one meetings with your manager
Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQIA+, veteran and disability-focused Business Resource Groups
Access to learning content on Degreed and other informational platforms
Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits
#LI-FT1
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
MassMutual will accept applications on an ongoing basis until such time as a candidate has been offered employment. The job description includes the main duties of this position, which may evolve over time. You may be required to perform other duties not listed.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment.
Salary Range: $124,800.00-$163,800.00
Hiring Process
Explore
Explore our open jobs by clicking 'search jobs' to find a position that aligns with your experience and skills. You may also consider joining our Talent Network.
Apply
Click the “apply” button on that job posting to complete and submit your application. Your application will be reviewed by a recruiter, which, due to the volume of applications received, may take some time as we carefully consider each application.
Screen
After your application has been reviewed, if you meet the qualifications for the role, a recruiter will reach out to you to start a conversation.
Interview
If you are invited for an interview, you will be scheduled to meet with the hiring manager and hiring team.
Offer
If you are extended an offer to join MassMutual and accept, your start will be contingent upon a satisfactory background check.
Hire
If you accept the offer, we will be so excited to welcome you to the MassMutual community!
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
By the numbers*
- 88% of employee respondents say they are proud to work at MassMutual
-
90
% of employee respondents say they feel encouraged to bring forth new ideas - 86% of employee respondents say MassMutual cares about and supports the well-being of their employees
*Source: 2024 MassMutual employee engagement survey
Award-Winning Culture
MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company operated for the benefit of our members and participating policyowners, we are defined by mutuality and our vision to provide financial well-being for all Americans. It’s more than our company structure — it’s our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources and rely on each other when it counts.
We strive to build a thriving community where everyone is valued, included, and feels that they belong.
At MassMutual, we Live Mutual.
How We Work
MassMutual’s flexible workplace approach combines the importance of connecting in person and the flexibility of working remotely. Our hybrid model puts collaboration first with employees coming in at least three days per week to our spectacular campus settings and also enjoying the flexibility of remote Fridays, company-wide remote weeks, and a bank of flexible remote weeks to use throughout the year.
Benefits for the whole you (and your loved ones)
There’s more to your life than your job and there’s more to your aspirations than a paycheck. We take a holistic view of compensation and benefits that provides the flexibility to create a healthy balance in your life for work, family, and community. We offer the benefits you’d expect, like medical, dental, 401(k), and generous vacation time, but we also offer ones you might not expect, like three paid days for volunteering, a $1,250 annual Well-Being Wallet, and up to 320 hours of caregiver leave.
Explore some of our offerings below. Benefit details can be found here.
Why MassMutual?
Kevin
Compliance Consultant
Seth
Service Management Consultant
Kymberly
Head of Experience Journey Mapping
where we work
Springfield Office
1295 State Street, Springfield, MA
Boston Office
10 Fan Pier Blvd, Boston, MA
New York Office
2 Park Ave,
New York, NY
Virtual
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