Financial Risk Analyst

Posted 23 Days Ago
Be an Early Applicant
Lansing, MI
Junior
Financial Services
The Role
The Financial Risk Analyst models and analyzes risk exposures, supports model risk management and validations, prepares risk reports for leadership, and collaborates across departments to enhance risk management. This role requires strong analytical skills and familiarity with quantitative models, particularly in financial derivatives.
Summary Generated by Built In

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Job PurposeThe Financial Risk Analyst contributes to the Risk function's oversight of risk management activities through modeling and analysis of risk exposures at Jackson.Essential Responsibilities

  • Assists in the development and use of quantitative models and analytical tools that enable the Risk function to adequately assess risk to its capital and liquidity positions.
  • Supports model risk management efforts, including validations and control reviews of actuarial/financial models, including assessments of the methodologies and assumptions used within 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.
  • Drives continuous improvement to enhance the quality and efficiency of the Risk function’s models and processes.
  • Supports the Risk team by 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

  • Strong analytical and problem-solving skills with an aptitude for learning advanced quantitative techniques for risk analysis.
  • Knowledge of financial derivatives used to hedge market risk exposures.
  • Knowledge in the design, development, operation and testing of quantitative models, especially models of financial derivatives/guarantees.
  • Detail-oriented, with strong organizational skills.
  • Demonstrated proficiency with Microsoft Excel.
  • Ability to program in general purpose programming language.
  • 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.

Qualifications

  • Bachelor's Degree in a quantitative discipline, such as Finance, Actuarial Science, Economics or Mathematics required.
  • 1+ years of experience in a risk management role in diversified life and annuity/financial services company or related consulting services organization 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.

Top Skills

Matlab
R
SAS
The Company
HQ: Lansing, MI
3,409 Employees
On-site Workplace

What We Do

Jackson® is committed to helping clarify the complexity of retirement planning. Our range of annuity products, financial know-how, history of award-winning service*, and streamlined experiences strive to reduce the confusion that complicates retirement plans.

We dedicate our time, money, and resources to strengthening financial literacy, striving to make sure every American has access to the resources they need to master their money and their future.

We believe by providing clarity for all today, we can help drive better outcomes for tomorrow.

Interested in becoming one of our associates? We develop and celebrate talent in many areas, from sales and marketing to consulting and compliance. We know that diversity and inclusion make us all stronger together.

Learn more about our products at jackson.com

Contact Us
Jackson.com
517/381-5500 – General Information
800/644-4565 – Contract Owners
877/565-2968 – Values and Contract Information

* SQM (Service Quality Measurement Group) Contact Center Awards Program for 2004 and 2006-2021. (To achieve world-class certification, 80% or more of call-center customers surveyed must have rated their experience as very satisfied, the highest rating possible.)

Jackson® is the marketing name for Jackson National Life Insurance Company® (Home Office: Lansing Michigan) and Jackson National Life Insurance Company of New York® (Home Office: Purchase New York). Jackson National Life Distributors LLC.

SMPR1292 03/23

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