Our Ability Jobs

Head of Financial Risk ( 240000F5 )

Primary Location : UNITED STATES-NY-New York

Organization : Equitable

Schedule : Full-time

Description

At Equitable, our power is in our people.

We're individuals from different cultures and backgrounds. Those differences make us stronger as a team and a force for good in our communities. Here, you'll work with dynamic individuals, build your skills, and unleash new ways of working and thinking. Are you ready to join an organization that will help unlock your potential?

In order to responsibly execute on Equitable’s growth strategy launched in May 2023 at Investor Day, Risk Management has been charged with reorienting its risk philosophy to become a strategic enabler of growth, whilst being cognizant of the risks of the company and protecting our balance sheet.

The Head of Financial and Strategic Risk role will be a critical part of the Risk Management Leadership Team, reporting directly to the Chief Risk Officer. This leadership role is critical for developing, implementing and maintaining risk management frameworks that protect the company’s financial health and strategic objectives.

Reporting to this role will be Credit, Investment, Balance Sheet, liquidity, hedging, ALM and strategic transaction financial risk oversight. This position offers a unique opportunity to shape a strategic team and institute best practices at a company experiencing rapid and positive change.

This role offers the opportunity to:

• Build leadership skills through oversight of and nurturing the talent within a function in transition

• Manage an approximate 10 people team including balance sheet and liquidity risk oversight, credit and hedging risk oversight and opinion on financial impacts for strategic transactions.

• Enterprise leader with exposure to the Management Committee, Business Line leaders and other leaders within Actuarial, Investment and Finance

• Inform the strategic direction of the enterprise through the provision of risk-based market insights

Responsibilities include, but are not limited to:

• Lead the day-to-day responsibilities of the Financial Risk Management function (with support of Risk functional leaders), including

  * Balance Sheet Oversight

• Credit and Investment Risk

• Hedging and ALM

• Strategic transactions to optimize capital, liquidity, value and/or earnings

• Support CRO relationships with first line (business, actuarial, finance) and third line (Internal Audit)

• Continuous assessment of the balance sheet, its potential vulnerabilities and opportunities to enhance our risk profile

• Coordinate preparation of reporting to the Board and Management Committee

• Support the company strategy by providing technical insight into evolutions of current and potential new markets and transaction implementation

• Continuously seek opportunities to improve the efficiency, effectiveness and automation of risk management tasks

• Equip our business partners with sufficient knowledge of the risk framework so that risk is incorporated into their decision-making process

• Ensure Risk indicators and limit are fit for purpose and enable the new growth strategy

In Office Schedule: This role will be working in the NYC office a minimum of 2-3 days per week.

The total targeted compensation range for this position is $350,000 – $475,000. Total compensation varies based on skills, experience, geographical location, and other factors.

For eligible employees, Equitable provides a full range of benefits. This includes medical, dental, vision, a 401(k) plan, and paid time off. For detailed descriptions of these benefits, please reference the link below.

Equitable Pay and Benefits: Equitable Total Rewards Program (https://portal.equitable.com/appentry/EDoxRedirect?node_id=A2023013000001)

Qualifications

Required Qualifications:

• Bachelors Degree

• 5 years of experience in risk or finance at an insurance company or consulting firm

• Established knowledge of financial risk management principles and practices. Expertise in credit and financial risk management preferred.

• Ability to lead complex “special projects” that may require de novo intellectual capital development

• Ability to collaborate effectively with various stakeholders and influence decision-making at all levels of the organization

Preferred Qualifications:

• Proven accountability, high integrity, diligent and self-starter work ethic

• Experience leading medium to large teams in an insurance company or consulting environment

Skills

Decision Making and Critical Thinking : Knowledge of the decision-making process and associated tools and techniques; ability to accurately analyze situations and reach productive decisions based on informed judgment.

Effective Communications: Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.

Financial Analysis: Knowledge of tools and approaches of financial analysis; ability to read, interpret and draw accurate conclusions from financial and numerical material.

Results Orientation: Knowledge of the importance of meeting or exceeding established targets; ability to drive critical activities to completion.

Strategic Thinking: Knowledge of the importance of "big picture" thinking and planning; ability to apply organizational acumen and competitiveness to identify and maintain focus on key success factors for the organization.

Diversity, Equity and Inclusion: Demonstrates a commitment to Diversity, Equity and Inclusion by treating everyone with respect and dignity, ensuring all voices are heard and advocating for change.

ABOUT EQUITABLE

At Equitable, we’re a team of over ten thousand strong; committed to helping our clients secure their financial well-being so that they can pursue long and fulfilling lives.

We turn challenges into opportunities by thinking, working, and leading differently – where everyone is a leader. We encourage every employee to leverage their unique talents to become a force for good at Equitable and in their local communities.

We are continuously investing in our people by offering growth, internal mobility, comprehensive compensation and benefits to support overall well-being, flexibility, and a culture of collaboration and teamwork.

We are looking for talented, dedicated, purposeful people who want to make an impact. Join Equitable and pursue a career with purpose.

Equitable is committed to providing equal employment opportunities to our employees, applicants and candidates based on individual qualifications, without regard to race, color, religion, gender, gender identity and expression, age, national origin, mental or physical disabilities, sexual orientation, veteran status, genetic information or any other class protected by federal, state and local laws.

NOTE: Equitable participates in the E-Verify program.

If reasonable accommodation is needed to participate in the job application or interview process or to perform the essential job functions of this position, please contact Human Resources at (212) 314-2211 or email us at TalentAcquisition@equitable.com .

Req ID: 240000F5