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Job Purpose

The Risk function provides oversight of the risk management activities undertaken by the Company by gathering and analyzing Jackson's risk exposures, capital positions and financial performance, alongside relevant external data and market conditions. Risk also provides independent analysis and perspective to the Board and Risk Committees on key risk indicators, material changes to exposures, risk management programs and product offerings. The Sr. Financial Risk Analyst assists in enhancing the oversight of risk management activities through regular monitoring and independent analysis of risk exposures at Jackson.

Essential Responsibilities

• Monitors and analyzes the market environment, as well as Jackson’s capital positions, risk exposures, hedging activities, valuations and related processes.
• Supports model risk management efforts, including performing validations of Actuarial, Financial Reporting and Asset/Liability Management models.
• Produces key risk reports, management information and additional analysis to Risk leadership and other Jackson senior leadership on the nature and materiality of various risks confronting Jackson.
• Reports on and escalates risk-related issues internally within Jackson and supports an effective working relationship within the Risk function.
• Drives continuous improvement to enhance the quality of reports produced by the Risk function and reduces the time taken to produce them.
• Provides analysis in support of the Risk team’s opinions and recommendations on various assumption settings, risk limits, stress scenarios, risk processes and calculations.
• Builds and enhances risk analysis tools and quantitative models to support independent analysis by the Risk function.
• Supports the Risk team in providing constructive challenge to risk management activities.
• Develops and maintains effective relationships with other functions (ALM, Treasury, Finance, Actuarial, Audit, Compliance, etc.) to allow a holistic view of risk across the organization and to strengthen cross-discipline risk management.

Other Duties

• Performs other duties and/or projects as assigned.

Knowledge, Skills and Abilities

• Knowledge of variable and fixed indexed annuity product pricing and ALM techniques, and enterprise and financial risk exposures facing annuity writers.
• Knowledge of financial derivatives used to hedge variable and fixed indexed annuity risk exposures.
• Knowledge in the design, development, operation and testing of quantitative models, especially models of financial derivatives/guarantees.
• Demonstrated proficiency with Microsoft Excel and MG-ALFA.
• Ability to program in C and/or Python.
• Familiarity with data analysis and statistical software such as SAS, R or MATLAB is desired.
• Strong verbal and written communication skills, especially when articulating technical concepts in a compelling manner to engage both technical and non-technical audiences.
• Strong analytical, problem solving skills and detail orientation. Ability to exercise sound judgment when analyzing situations and resolving issues.

Qualifications

• Bachelor's Degree in a quantitative discipline, such as Finance, Actuarial Science, Economics or Mathematics required.

• Master's Degree in a quantitative discipline preferred.

• 3+ years experience in a risk management role in diversified life and annuity/financial services company or related consulting services organization required.

• Progress towards professional designation in related risk management, actuarial or investment management (such as PRM, FSA, CFA, CERA) area preferred.

We don't just accept difference - we celebrate it, we support it, and we thrive on it for the benefit of our employees, our products and our community. Jackson is proud to be an equal opportunity workplace. The Company subscribes to and endorses federal and state laws and regulations relating to equal employment opportunity for all persons without regard to race, color, religion, gender, age, national origin, legally-recognized disability, marital status, legally-protected medical condition, citizenship, ancestry, height, weight, sexual orientation, veteran status, or any other factor not related to the needs of the job. The Company is committed to a policy of equal opportunity. Company facilities and campuses are tobacco-free environments.