[ Formerly known as AIG Life & Retirement, Corebridge is now a public company that's passionate about giving people the power to help reach their financial goals. We offer industry-leading tools, engaging experiences, and expertise to fuel your success. We deliver an expansive portfolio of products to serve your unique needs. And we proudly partner with financial professionals and institutions to make it possible for more people to take action in their financial lives for today and tomorrow. At Corebridge, we believe no one achieves a financially secure future by accident-great things happen when people take action.

Remote / Hybrid option will be considered.

As the Lead Risk Actuary - Variable Annuity Risk (ERM) you will provide risk oversight coverage of multiple aspects associated with the Variable Annuity & Structured Variable Annuity products offered on the Corebridge's Individual Retirement platform. The position offers a unique top of the house view of the business which includes but is not limited to the risk oversight of hedging, product development, pricing, GAAP / Statutory valuation, capital management, Asset Liability Management ("ALM"), and stress testing. You will also be responsible for an ongoing interaction, with elements of review and challenge, with multiple groups across the firm that includes but is not limited to ERM, Hedging, Product Development and Pricing, Valuation, Capital Management, Finance, ALM, Investments.

About the role:

• Provide ongoing oversight of the Variable Annuity Hedging program, with a focus on identifying areas of risk and collaboration with the Hedging team on how to best address items of interest
• Periodic deep dive reviews of select areas of interest and new material developments associated with Hedging infrastructure, including review of stochastic models, proposed changes in line up of permitted derivative instruments, enhancements to the Hedging strategy and tactical implementation of the strategy
• Ongoing participation in product design process with a focus on identifying areas of design risk and collaboration with the Product Development team on how to best address items of interest
• Ongoing interaction with the Pricing teams and Pricing Oversight team on reasonableness of pricing of new products and assessment of associated profitability
• Interactions with GAAP and Statutory valuation teams on aspects related to changes in reserves, as well as engagement of these teams during reviews of associated methodologies and assumptions
• Ongoing interactions with ALM and Investments teams, including reviews of changes in ALM risk profile and potential changes in investment strategies
• Interactions with the Finance team, including reviews of budget and stress testing projections
• Collaboration with Central ERM colleagues on ongoing initiatives related to developments of enhancements to the Internal Capital framework, and participation in preparation and review of Internal Capital projections associated with the hedging program
• Collaboration with ERM and controls partners across the firm on ongoing initiatives related to developments of enhancements to risk and controls framework
• Assisting in implementing and enhancing risk governance structure that will effectively support timely and informed decisions
• Assisting with designing and implementing frameworks to ensure that all risks are properly identified, measured and reported, and that available information is leveraged by the business for purposes of making decisions
• Analysis of internal risk events, including conducting root cause analysis and helping with enhancing controls to protect the business from similar occurrences in the future

What we are looking for

• 7+ years of applicable experience within the financial industry, with a working knowledge of financial engineering and key principles of hedging
• Bachelor's degree in mathematics, physics, economics, financial engineering, or related technical fields is required. Graduate degree is preferred.

• Self-starter personality
• Ability to maintain an independent viewpoint and flexibility in adjusting the view in order to adopt to changing circumstances and evolving facts
• Ability to clearly communicate complex technical topics to various audiences both in writing and in person
• Ability to build and maintain partnerships across the organization
• Strong attention to detail
• Working knowledge of Variable Annuity product designs
• Working knowledge of hedging principles
• Working knowledge of, or a prior experience with pricing of annuity products
• Familiarity with GAAP and Statutory valuation principles related to Variable Annuities
• Working knowledge of derivatives valuation
• Working knowledge of valuation of various asset classes
• Working knowledge of ALM principles
• Familiarity with stress testing and capital management frameworks is preferred
• Working knowledge and fluency in at least one programming language (e.g. MATLAB, R, Python, C / C++, Visual Basic, etc.)

What our employees like most about working for Corebridge Financial

• Participating in a noble cause and helping customers retire with dignity.
• Our "Giving Back" policy is at the core of our daily operations and guides our future progress. Don't believe us? We put our money where our mouth is! Corebridge, will give you up to 16 hours a year paid time off to volunteer in the community.
• Our people are our most important asset therefore we provide a generous benefits plan and competitive pay. Benefit package includes:
  • Paid Time Off (Corebridge recognizes the importance of work life balance). We offer 24 PTO days to start. YES, 24! 17paid holidays in 2023.
  • A 401(k) Retirement Plan which will be HARD TO BEAT. Our 401K - $1 for $1 match up to 6% with immediate vesting, plus Corebridge automatically contributes an additional 3% into your 401K regardless of if you enroll or not.

For positions based in Woodland Hills, California, the base salary range is $110,000-$160,000. For positions based in New York, NY, the base salary range is $125,000-$165,000. In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we're proud to offer a range of competitive benefits, a summary of which can be viewed here: Benefits Overview

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We are an Equal Opportunity Employer

Corebridge Financial, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories such as sexual orientation. At Corebridge Financial, we believe that diversity and inclusion are critical to our future and our mission - creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

To learn more please visit: www.corebridgefinancial.com

Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to TalentandInclusion@corebridgefinancial.com. Reasonable accommodations will be determined on a case-by-case basis.

We consider qualified applicants with criminal histories, consistent with applicable law.

Functional Area:
RK - Risk

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

American General Life Insurance Company ]