21 days old
2017-11-022017-12-02

AVP, Counterparty Credit Risk Limit and Exposure Management

MetLife
Hanover, NJ 07981
**Position** : AVP, Counterparty Credit Risk Limit and Exposure Management







**Job Location:** Whippany, NJ







**Role Value Proposition** : As part of Credit Risk Management, the head of Counterparty Credit Risk Limit and Exposure Management leads a team responsible for managing MetLifes dual-tier limit structure (Board and Internal Management Limits) and actively engaged in stress testing and supporting economic capital for the Enterprise. The role involves frequent interaction with senior management within Global Risk Management and other parts of the company, as well as coordinating with key stakeholders (e.g. Investments, Market Risk, Model Validation, Finance, and Legal). The incumbent ensures accuracy, compliance with internal policies and procedures, and superior internal customer service.







**Key Responsibilities:**







+ Responsible for leading a team that develops automated, routine reporting and supports ad-hoc requests for information and analysis in the Credit Risk Group within Global Risk Management



+ Respond to requests for information by asking pertinent, clarifying questions, identifying the relevant data needed to satisfy the request and present the information in a clear and concise manner



+ Develop and implement reporting process to capture emerging credit risk trends to facilitate discussions at various risk committees



+ Understand risk capital based requirements (EC/RBC) to ensure enterprise solvency guidelines are in adherence throughout ongoing reporting cycles



+ Understand internal information systems, relational database design and knowledge of how to use various cube aggregation and BI tools to access multiple information sources for analytical purposes



+ Work alongside the front office, risk analytics, financial accounting, etc. to ensure proper capture of credit risk, as well as ensures risk measures are conceptually sound and meet senior management/board/regulatory requirements



+ Monitor, analyze and report breaches of limits and their respective exposures within the counterparty credit risk limit framework



+ Responsible for annual update of General Authorities (GA) and ongoing monitoring of Internal Management Limits, including working with the legal department to update and maintain the associated governing documents



+ Respond to exposure and limit-related inquiries from regulators



+ Ensure that tasks are performed in line with global policies and internal rules







**Essential Business Experience and Technical Skills:**







+ 10+ years of applicable and proven experience in credit risk reporting



+ Strong written and verbal communication skills and ability to work effectively and influence key partners (e.g. Investments, Legal, Accounting, Technology, etc.)



+ Technical skills and expertise using developer tools such as SAS, SQL databases and reporting software



+ Deep understanding and practical experience analyzing risk associated with various asset classes (e.g. Fixed Income Securities, Structured Finance, Real Estate, etc.) and Credit Risk Management



+ Strong understanding of economic correlations and counterparty credit exposure monitoring



+ Demonstrated ability to manage a team and coordinate work efforts to prioritize tasks across available resources with a sense of urgency



+ Ability to develop talent, empower individuals and manage diverse teams to drive engagement and performance.



+ Undergraduate degree required, MBA or other advanced degree preferred.







**Leadership Competencies:**







+ **Thinks Strategically** Sets direction aligned to the companys strategy, applying external and global perspective to meet local and global needs.



+ **Motivates People** Gains people commitment to achieve business objectives through clear communication of the companys vision and flexing leadership styles to inspire high performance.



+ **Creates Partnerships** Authentically builds trusted relationships and collaborates across global, diverse and multi-functional teams to successfully drive business objectives.



+ **Seizes Opportunity** Seeks new opportunities and ways to create balanced business growth while improving operational capabilities.



+ **Models our Values** Creates a culture that promotes the companys values and standards through role modeling, accountability and ownership of decisions.



+ **Drives Results** Sets aggressive goals and is accountable for continuously driving improved performance, leading change and ensuring high standards.







**Key Relationships** :







+ **Reports to:** VP Global Head of Credit Risk







+ **Direct reports/team** : 2



+ **Key Stakeholders** : Global Risk Management and Investments senior leadership, including members of relevant risk committees (e.g. Enterprise Risk Committee, Investments Risk Committee), Finance, IT







**MetLife:**







MetLife, through our subsidiaries and affiliates, is one of the largest life insurance companies in the world. Founded in 1868, we are a global provider of life insurance, annuities, employee benefits and asset management. Our employees serve approximately 100 million customers, individuals and businesses, including over 90 of the FORTUNE 100.







We are ranked #40 on the Fortune 500 list and #48 on the Forbes Global 500 list. We have operations in nearly 50 countries, and hold leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. We are also one of the largest institutional investors in the U.S. with an over $500 billion general account portfolio as of December 31, 2015.







In 2015, FORTUNE Magazines Worlds Most Admired Company survey named us #1 in the Life and Health Insurance industry. In 2016, we were named to the Dow Jones Sustainability Index (DJSI) for the first time. DJSI is a global index to track the leading sustainability-driven companies.







While we have tremendous respect for the past, we are a company firmly focused on the future. To adapt to a changing world, we are undergoing one of the most dramatic transformations in our history to reinvent how we do business so we can thrive in any environment. We are moving away from a traditional product-development model to one driven by customer insights. We are challenging historical norms by humanizing our industry and designing every customer experience to reflect the modern company were becoming. Our goal in everything we do is to offer customers truly differentiated value propositions that allow us to establish clear competitive advantages. We pride ourselves on being a trusted partner to our customers as they navigate lifes twists and turns.







At the center of our business strategy is a commitment to One MetLife collaborating, sharing best practices, and recruiting, developing and retaining the best talent in the industry. We live by our values: Put Customers First, Be the Best, Make Things Easier, and Succeed Together. They guide how we operate every day.

Categories

  • Customer Service
  • Management
  • Financial Services
  • Hospitality
  • Information Technology
  • Insurance
  • Real Estate

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AVP, Counterparty Credit Risk Limit and Exposure Management

MetLife
Hanover, NJ 07981

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AVP, Counterparty Credit Risk Limit and Exposure Management

MetLife
Hanover, NJ
US

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