Corebridge Financial
VP, Enterprise Risk Management – Structured Products & Real Estate Credit Risk O
Corebridge Financial, Jersey City, New Jersey, United States, 07390
Overview
VP, Enterprise Risk Management – Structured Products & Real Estate Credit Risk Oversight role at Corebridge Financial. This position reports to the Head of Credit Risk Oversight within Enterprise Risk Management (ERM) and is responsible for the independent oversight of risks related to real estate debt & equity investments and structured finance products (e.g., CMBS, RMBS, CLOs, ABS, etc.). The role combines deep investment product knowledge with risk management, stress testing, and governance. The individual will partner with senior stakeholders across ERM, Investments and Finance to provide expert insight, enforce strong governance, and uphold the organization’s credit risk appetite.
Responsibilities
Provide independent oversight of structured products and real estate, and support the Head of Credit Risk Oversight in overseeing firm-wide credit risk management.
Maintain deep investment product knowledge and understanding of market trends and regulations to identify potential risks and concentrations.
Ensure appropriate credit risk governance framework, policies, and procedures are in place that align with management’s expectations, regulatory requirements, and best practices.
Assess creditworthiness and risk of potential transactions beyond guidelines; monitor Watch List credits; evaluate impairment analyses and memoranda.
Contribute to the preparation of quarterly credit risk reports for senior management, including the Credit Watch List report.
Analyze data to identify trends and insights to support risk management decisions.
Collaborate with Risk Analytics on the development of risk models and scenarios for internal capital, stress testing, etc.
Interpret model outputs and validate risk results related to structured product analytics (e.g., default/loss assumptions, tranche cash flows, deal structures).
Develop risk reports to capture material changes, concentrations and emerging risks; communicate key findings to senior leadership.
Collaborate with IT and development teams to enhance analytical tools and systems.
Qualifications
Bachelor’s degree in Finance, Economics, Business, or related field; Master’s degree preferred.
10+ years of experience in credit risk management within banking, insurance or financial services.
Deep knowledge of investment products, particularly structured securities (e.g., CMBS, RMBS, CLOs, ABS), commercial and residential real estate debt, complex transactions, and alternatives.
Proficiency in financial modeling, quantitative analysis, risk assessment methodologies, and knowledge of financial markets, economic indicators, and regulatory frameworks.
Strong technical skills including software proficiency, data analysis, and project management.
Exceptional analytical and communication skills, with ability to present analyses to senior stakeholders.
Proven ability to challenge constructively and influence decision-making.
Focus on results and accountability while aligning with the bigger picture.
Strong working knowledge of US insurance business, product features, and risks.
Strong team player with experience working in cross-functional teams and interfacing with external investment managers.
Familiarity with credit portfolio modeling and data management tools; experience with credit data and exposure management systems a plus.
Experience preparing presentation materials and delivering to senior management; familiarity with data visualization tools (MicroStrategy, Power BI) a plus.
Compensation and Benefits The anticipated salary range for this position is $200,000 - $275,000 at the commencement of employment. The actual compensation offered will depend on factors such as location, skills, experience, and qualifications. In addition, the position is eligible for a discretionary bonus under the applicable incentive plan. Corebridge offers a range of benefits as part of the total compensation package.
Work Location The position is based in Corebridge Financial hub offices in Houston, TX; Jersey City, NJ; or Woodland Hills, CA. The role follows our hybrid policy, with remote work options; full remote candidates will be considered where feasible.
Compliance, Accommodation and EEO This role is subject to regulatory and internal compliance requirements. Corebridge Financial is an equal opportunity employer. We comply with applicable federal, state, and local fair employment laws. Applicants will be considered based on job-related qualifications without regard to protected characteristics. We provide reasonable accommodations to applicants and employees, and interested individuals should email TalentandInclusion@corebridgefinancial.com for accommodations. We will consider applicants with criminal histories as permitted by law.
Why Corebridge? At Corebridge Financial, we emphasize health, well-being, and work-life balance, with comprehensive benefits and wellness programs to support employees personally and professionally.
Benefits
Health and Wellness: medical, dental, vision, and mental health support.
Retirement Savings: 401(k) with company match up to 6% and company contribution up to 3% (vesting immediately).
Employee Assistance Program: confidential counseling and resources.
Matching charitable donations: 1:1 up to $5,000.
Volunteer Time Off: up to 16 hours annually.
Paid Time Off: at least 24 PTO days to start.
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Responsibilities
Provide independent oversight of structured products and real estate, and support the Head of Credit Risk Oversight in overseeing firm-wide credit risk management.
Maintain deep investment product knowledge and understanding of market trends and regulations to identify potential risks and concentrations.
Ensure appropriate credit risk governance framework, policies, and procedures are in place that align with management’s expectations, regulatory requirements, and best practices.
Assess creditworthiness and risk of potential transactions beyond guidelines; monitor Watch List credits; evaluate impairment analyses and memoranda.
Contribute to the preparation of quarterly credit risk reports for senior management, including the Credit Watch List report.
Analyze data to identify trends and insights to support risk management decisions.
Collaborate with Risk Analytics on the development of risk models and scenarios for internal capital, stress testing, etc.
Interpret model outputs and validate risk results related to structured product analytics (e.g., default/loss assumptions, tranche cash flows, deal structures).
Develop risk reports to capture material changes, concentrations and emerging risks; communicate key findings to senior leadership.
Collaborate with IT and development teams to enhance analytical tools and systems.
Qualifications
Bachelor’s degree in Finance, Economics, Business, or related field; Master’s degree preferred.
10+ years of experience in credit risk management within banking, insurance or financial services.
Deep knowledge of investment products, particularly structured securities (e.g., CMBS, RMBS, CLOs, ABS), commercial and residential real estate debt, complex transactions, and alternatives.
Proficiency in financial modeling, quantitative analysis, risk assessment methodologies, and knowledge of financial markets, economic indicators, and regulatory frameworks.
Strong technical skills including software proficiency, data analysis, and project management.
Exceptional analytical and communication skills, with ability to present analyses to senior stakeholders.
Proven ability to challenge constructively and influence decision-making.
Focus on results and accountability while aligning with the bigger picture.
Strong working knowledge of US insurance business, product features, and risks.
Strong team player with experience working in cross-functional teams and interfacing with external investment managers.
Familiarity with credit portfolio modeling and data management tools; experience with credit data and exposure management systems a plus.
Experience preparing presentation materials and delivering to senior management; familiarity with data visualization tools (MicroStrategy, Power BI) a plus.
Compensation and Benefits The anticipated salary range for this position is $200,000 - $275,000 at the commencement of employment. The actual compensation offered will depend on factors such as location, skills, experience, and qualifications. In addition, the position is eligible for a discretionary bonus under the applicable incentive plan. Corebridge offers a range of benefits as part of the total compensation package.
Work Location The position is based in Corebridge Financial hub offices in Houston, TX; Jersey City, NJ; or Woodland Hills, CA. The role follows our hybrid policy, with remote work options; full remote candidates will be considered where feasible.
Compliance, Accommodation and EEO This role is subject to regulatory and internal compliance requirements. Corebridge Financial is an equal opportunity employer. We comply with applicable federal, state, and local fair employment laws. Applicants will be considered based on job-related qualifications without regard to protected characteristics. We provide reasonable accommodations to applicants and employees, and interested individuals should email TalentandInclusion@corebridgefinancial.com for accommodations. We will consider applicants with criminal histories as permitted by law.
Why Corebridge? At Corebridge Financial, we emphasize health, well-being, and work-life balance, with comprehensive benefits and wellness programs to support employees personally and professionally.
Benefits
Health and Wellness: medical, dental, vision, and mental health support.
Retirement Savings: 401(k) with company match up to 6% and company contribution up to 3% (vesting immediately).
Employee Assistance Program: confidential counseling and resources.
Matching charitable donations: 1:1 up to $5,000.
Volunteer Time Off: up to 16 hours annually.
Paid Time Off: at least 24 PTO days to start.
#J-18808-Ljbffr