AVP, Market Risk

Please note that we do not offer visa sponsorship for this position.

The Assistant Vice President, Market Risk & Asset Liability Management (ALM) is responsible for leading key aspects of National Life Group’s Market Risk & ALM management programs. This role supports balance sheet resilience by providing rigorous risk analytics, governance, and insights related to interest rate risk, liquidity risk, and broader market risks.

The VP in Enterprise Risk Management partners closely with Investments, Finance, and Actuarial teams to ensure alignment between asset strategy, liability characteristics, capital objectives, and the company’s enterprise risk appetite. This role contributes materially to earnings stability, capital efficiency, and regulatory readiness while upholding National Life Group’s mutual values and policyholder commitments.

• Support and enhance the enterprise market risk framework covering interest rate, credit spread, equity, FX, and other relevant market risks.
• Monitor market and ALM risk limits and escalations in alignment with National Life Group’s risk appetite.
• Oversee stress testing, scenario analysis, and tail-risk assessments under adverse market conditions.
• Conduct derivative effectiveness testing and support economic surplus-at-risk and capital-related analyses.

• Lead and execute core elements of National Life Group’s Market and ALM framework, including interest rate risk, liquidity risk, cash flow testing, and hedging analysis.
• Oversee the development, maintenance, and interpretation of ALM models, including stochastic projections, scenario analysis, sensitivity testing, and cash flow matching.
• Partner with Investments, Finance, Actuarial, and Product teams to ensure asset strategies appropriately reflect liability structures and policyholder obligations.
• Evaluate balance sheet impacts of new products, reinsurance strategies, and investment initiatives.
• Support ongoing assessment of ALM strategies as market, economic, and regulatory conditions evolve.
• Prepare and present ALM analysis, risks, and recommendations for governance risk forums such as risk committees.

• Contribute to risk governance processes, including preparation of materials, risk assessments, and follow-up actions.
• Support compliance with regulatory and rating agency expectations (e.g., NAIC, ORSA, RBC, VM-20/30/31).
• Participate in regulatory exams, internal audits, and external reviews related to ALM and market risk.
• Deliver clear, concise, executive-ready risk reporting that translates complex analytics into business-relevant insights.

• Lead, mentor, and develop ALM and market risk professionals, fostering a culture of transparency, accountability, and proactive risk management.
• Collaborate closely across ERM, Finance, Investments, Asset Management, Actuarial, and Product teams.
• Serve as a trusted risk partner by providing thoughtful challenge, practical solutions, and sound judgment.
• Contribute to broader enterprise risk management, capital planning, and strategic initiatives as needed.

• Bachelor’s degree in actuarial science, Finance, Economics, Mathematics, or a related field.
• 10 plus years of experience in ALM, market risk, liquidity risk, reinsurance risk, actuarial, investments, or financial risk management within insurance or asset management.
• Strong understanding of insurance balance sheets, liability structures, and general account investment portfolios.
• Hands-on experience with ALM modeling, stress testing, economic scenario analysis, and risk reporting.
• Demonstrated ability to communicate complex technical concepts clearly to senior leaders and governance committees.
• Proven ability to collaborate effectively across functions and influence outcomes.

• Fellow of the Society of Actuaries (FSA); CFA or FRM strongly preferred.
• Advanced degree (MBA, MS) a plus.
• Experience with regulatory frameworks such as NAIC, ORSA, RBC, and economic capital.
• Familiarity with modernizing risk analytics, modeling tools, or data platforms.

• Strong analytical and quantitative skills
• Clear, confident communication and executive presence
• Sound judgment and risk awareness
• Collaborative, enterprise-minded leadership style
• Ability to manage complexity and ambiguity
• Commitment to National Life Group’s mission and mutual values