Managing Director, Head of Investment Strategy (New York)

Location Designation

Hybrid - 3 days per week

Mission

The mission of the Investment Strategy Team at New York Life is to serve as the strategic partner for the insurance businesses as well as the Investments teams in developing, executing, and monitoring the investment and portfolio strategies and to ensure optimal alignment of assets and liabilities, thereby enhancing financial stability, managing risks effectively, and maximizing returns in support of a variety of businesses and the company's long-term objectives.

KEY DUTIES & RESPONSIBILITIES

• Partner with OCIO leadership to develop annual investment program for pricing, financial planning and ALM.


• Partner with OCIO team to reevaluate the objectives and roadmap to manage company interest rate exposure.


• Lead the development of long-term strategic asset allocation targets for all product portfolios.


• Work with Finance, Risk, and Investments team to develop and illustrate the interest rate and ALM hedging solutions.


• Develop strategies to enhance the financial performance of the existing investment portfolio while improving the risk resiliency.


• Lead the development of investment strategies to support the new business growth objectives by completely enhancing product pricing for both retail and institutional businesses.


• Support various capital management and reinsurance initiatives across the firm.


• Coordinate Asset Transfer among portfolios with investment operation, controllers, and finance for ALM, Portfolio Construction, Cash Management and Liquidity purposes.


• Responsible for development of investment assumptions used for new business pricing, in-force asset, and capital adequacy testing, including development of future reinvestment strategies.


• Lead the quarterly ALCO meetings with business unit executive and finance leaders.

Key Competencies

• Proven leadership abilities.


• Strong executive presence and communication skills.


• 15+ years professional experience in insurance or asset intensive financial services industry.


• Deep knowledge of insurance assets and liabilities, including capital markets experience.


• Advanced degree in Finance, Mathematics, or Actuarial Science.


• Industry credentials (e.g., CFA, FSA, etc.) strongly preferred.


• Ability to think outside the box.


• Ability to work independently as well as be a thought leader.


• Ability to work with tight deadlines and changing priorities and requirements.


• Ability to create effective partnerships with diverse roles and positions throughout the organization.

Pay Transparency

Salary Range: $250,000 to $300,000. Overtime eligible: Exempt. Discretionary bonus eligible: Yes. Sales bonus eligible: No.

Our Benefits

We provide a full package of benefits for employees - and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work.

Our Commitment to Inclusion

At New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity, ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences, we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities.

Job Requisition ID

92277