Mutual Opportunities
Lead, Credit Risk Analytics
New York, New York; 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
The Opportunity
As the credit risk analytics lead within the Credit Risk Management team you will be involved with quantitative model implementation, development, and analysis and their business applications. The ideal candidate will join a quantitative team and lead to enhance ERM’s analytical and reporting capabilities, by expanding the use of existing models and their business applications as well as designing and developing new tools and risk frameworks.
You will work with capital, credit, market and portfolio risk teams, and ERM more broadly. This is an excellent opportunity to collaborate with risk, investment and finance teams, and enterprise technology (including data science) teams.
The Team
Part of the Capital & Investment Risk Management team within ERM, the Credit Risk Management team’s mission is to manage portfolio credit, counterparty, and country risks across the enterprise in collaboration with key internal stakeholders in the Investment Management and CFO, as well as external counterparts. Members of the team bring expertise and experience across a range of risk measurement and management disciplines, and also provide comprehensive and insightful quantitative analysis to support senior team management prepare recommendations that drive credit strategy.
The Impact
- Lead the efforts to automate and expand the use of Moody’s credit risk tools in place today and assist in building frameworks with multiple business applications in capital, credit and portfolio risk management.
- Lead and mentor junior quantitative analysts.
- Lead the efforts in building credit risk measurements and credit VaR for various applications including portfolio benchmarking.
- Assist in leading the efforts to implement, develop and enhance ERM’s analytical capabilities related to quantification of credit, investment risks in the portfolio.
- Building on the existing data platform, lead efforts to process data requirements or enhance existing data frameworks, understand, and present data and analytics from insightful and actionable perspective with MassMutual’s wide range of asset classes.
- Assist in developing and syndicating new approaches for measuring portfolio credit & market risk, in the context of different accounting and capital regimes, including asset and liability impacts, with a particular emphasis on economic capital.
- Use of Python/ SQL in the analytical work. Also, use of spreadsheets and VBA to do prototyping and analyze data.
- Lead complex initiatives including those are cross-functional with broader impact in Credit Risk and become a key participant and partner with those teams and stakeholders.
- Ongoing evaluation and/or review of risk measures of multiple asset classes and interaction with first line risk takers
- Liaise and collaborate with business stakeholders, quantitative model developers, technology.
- Assist the efforts to strengthen ERM’s use and development of tools and analytics to support derivatives counterparty risk & portfolio concentration risk.
- Assist in expanding use of quantitative models to support credit/ investment and capital risk analysis, and stress scenario testing.
- Scope and implement modeling, including building out requirements where not yet fully defined or understood.
The Minimum Qualifications
- Minimum 7 years of relevant work experience in investment (credit/market) quantitative risk analytics
- Experience in leading projects in quantitative analytics capacity.
- Moderate to high level skills in Python and SQL and development skills
- Strong quantitative model development & implementation skills and ability to validate analytical results.
- Experience in quantitative risk modeling across a wide range of asset classes and relevant product knowledge in an investment setting.
- Ability to process and understand various data requirements in investment analytics.
- Bachelor’s and/or Advanced degree in a quantitative discipline
- Desire to use your quantitative and programming skills in a hands-on setting to deliver new functionality.
The Ideal Qualifications
- 7-10 years of relevant work experience is desirable.
- Master’s degree or PhD in Computer Science, Financial Engineering, Mathematics, Physics, engineering or similar quantitative discipline is preferred.
- Knowledge and experience working with public and private credit securities, structured and real assets, derivatives and hedging risk management.
- Experience in using Moody’s Analytics credit risk tools.
- Previous experience working on liability driven investing projects within an insurance company.
- Experience applying machine learning techniques and AI tools in the financial industry.
- Experience in implementation & migration quantitative models to cloud-based platform.
What to Expect as Part of MassMutual and the Team
- Regular meetings with senior leaders of the Credit Risk team and the Capital and Investment risk team
- Close work and collaboration with subject matter experts in ERM, Investment management & ETX project teams
- Focused one-on-one meetings with your manager.
- Access to mentorship networking opportunities including access to Asian, Hispanic/ Latinx, African American, women, LGBTQ, Veteran and disability-focused Business Resource Groups
- Access to learning content on Degreed and other informational platforms
About MassMutual
We’ve been around since 1851. During our history, we’ve helped millions of people find financial freedom, offer financial protection, and plan for the future.
Today, we continue to develop meaningful relationships with our customers by building their trust, being knowledge problem solvers and always prioritizing their needs. MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It’s more than our company structure – it’s our way of life.
#LI-IZ1
MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.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.
Salary Range: $167,800.00-$220,200.00
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 embrace diversity in every sense, focusing on building 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
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