New York Life Insurance Company
New York City, NY, United States
Accounting, Finance, Clevel, Executive, Manager, Insurance, 100k
Apr 06, 2020
Jul 20, 2020
A career at New York Life offers many opportunities. To be part of a growing and successful business. To reach your full potential, whatever your specialty. Above all, to make a difference in the world by helping people achieve financial security. It's a career journey you can be proud of, and you'll find plenty of support along the way. Our development programs range from skill-building to management training, and we value our diverse and inclusive workplace where all voices can be heard. Recognized as one of Fortune's World's Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and service, supported by our Foundation. It all adds up to a rewarding career at a company where doing right by our customers is part of who we are, as a mutual company without outside shareholders. We invite you to bring your talents to New York Life, so we can continue to help families and businesses Be Good At Life. To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.
Role Value Proposition:
NYL’s Credit Risk Management group is looking to hire a fundamental corporate credit analyst with 5-10 years of work experience at a major insurance company, bank or rating agency covering Private Placement/Public Corporate credit. The role requires both a solid background in fundamental credit analysis and the ability to develop top-down credit risk analytics and monitoring frameworks to enable sector reviews and monitor name and sector level credit risk. He or she will have experience with credit strategy and interest in writing and communicating research to team members. Experience in working with credits in the private asset class is a strong plus. Candidates will be expected to demonstrate their ability to work effectively in a team environment. Candidates will possess strong organizational skills, demonstrate attention to detail, and enjoy working in a collaborative team environment.
*Develop and maintain framework for the oversight of Corporate (Public/Private Placement) fundamental credit risk of New York Life’s General Account Assets. *Conduct Corporate sector reviews, monitor covenant quality, selected deal reviews and credit risk scenario analytics *Write company reviews to review and challenge assigned ratings *Monitor ongoing credit risk of the General Account corporate asset portfolio. *Work with other members of Credit Risk Management team for risk input (PD, LGD) modeling development of credit risk economic capital modeling tool, stress testing and top counterparty analysis. *Partner with asset sector credit portfolio managers to develop a consistent internal risk rating framework and review process. *Support management in the preparation and maintenance of various credit risk dashboards and reporting *Assist in the development, enhancement and review of credit risk policy and limits. *Analyze portfolio data to identify risk concentrations
Essential Business Experience and Technical Skills:
*A minimum of 5-10 years of professional experience related to fundamental credit analysis and credit risk management especially in the private placement and public corporate fixed income credit area at a major insurance company, asset manager, bank or rating agency. *Bachelor's degree required and graduate/second level degree (Masters, MBA, CFA, FRM) strongly preferred. *Proficient in MS Excel, PowerPoint, Word. *Formal credit training and demonstrates the ability to understand and identify key factors that affect issuer credit quality and complex credit situations. *Monitors credit quality and issuer and/or portfolio trends by following market developments, analyzing issuer reporting, and engaging with internal stakeholders for follow-up clarification and information. *Participates in internal credit committee meetings by sharing analysis and opinion where appropriate. *Experienced at developing and monitoring limits and an internal ratings framework *Demonstrated communication, partnering and analytical skills *Familiarity with database packages such as SQL and RiskFrontier
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New York Life Insurance Company
Website : http://www.newyorklife.com/