Corebridge Financial
VP, Enterprise Risk Management – Structured Products & Real Estate Credit Risk O
Corebridge Financial, Houston, Texas, United States, 77246
Overview
At Corebridge Financial, we believe action is everything. That’s why every day we partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow.
We Align To a Set Of Values That Are The Core Pillars That Define Our Culture And Help Bring Our Brand Purpose To Life
We are stronger as one: We collaborate across the enterprise, scale what works and act decisively for our customers and partners.
We deliver on commitments: We are accountable, empower each other and go above and beyond for our stakeholders.
We learn, improve and innovate: We get better each day by challenging the status quo and equipping ourselves for the future.
We are inclusive: We embrace different perspectives, enabling our colleagues to make an impact and bring their whole selves to work.
About The Role The Structured Products & Real Estate Credit Risk Oversight role 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 technical skills in risk management, stress testing, and governance. The individual will partner with senior stakeholders across Enterprise Risk Management, 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, as well as support the Head of Credit Risk Oversight in overseeing firm-wide credit risk management.
Maintain deep investment product knowledge and thorough understanding of market trends and regulations to identify potential risks and undue concentrations.
Ensure appropriate credit risk governance framework, policies, and procedures are in place that align with management’s expectations, regulatory requirements, and best practices.
Leverage expertise to assess creditworthiness and risk of potential transactions exceeding transaction guidelines, monitor Watch List credits, and 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 closely with Risk Analytics on the development of risk models and scenarios for calculating internal capital, conducting 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 a related field (Master’s degree preferred).
10+ years of experience in credit risk management field, preferably within banking, insurance or financial services industry.
Deep knowledge of investment products, particularly structured securities (e.g., CMBS, RMBS, CLOs, ABS, etc.), commercial and residential real estate debt, complex transactions, and alternatives.
Proficiency in financial modeling, quantitative analysis, and risk assessment methodologies, as well as solid 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, both written and oral, with attention to detail, and ability to interpret and effectively present strategic vision, expectations, and results from analyses to key stakeholders.
Proven ability to challenge constructively and influence decision-making.
Focus on results and accountability while connecting to the bigger picture.
Strong working knowledge of US insurance business, product features, and risks.
Strong team player with demonstrated success working in cross functional collaborative 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 presentations to senior management.
Familiarity with data visualization tools (MicroStrategy, Power BI) a plus.
Compensation The anticipated salary range for this position is $200,000 - $275,000 at the commencement of employment. Not all candidates will be eligible for the upper end of the salary range. The actual compensation offered will ultimately be dependent on multiple factors, which may include the candidate’s geographic location, skills, experience and other qualifications.
In addition, the position is eligible for a discretionary bonus in accordance with the terms of the applicable incentive plan.
Corebridge also offers a range of competitive benefits as part of the total compensation package, as detailed below.
Work Location If the position is based in one of Corebridge Financial's hub offices which are Houston, TX, Jersey City, NJ. or Woodland Hills, CA office the role is subject to our hybrid working policy, which gives colleagues the benefits of working both in an office and remotely. However, we are open to considering full remote candidates outside of these areas.
This role is deemed a “covered associate” under SEC Rule 206(4)-5, 17 CFR 275.206(4)-5 or other federal and state pay-to-play rules. Candidates for the role must not have made any political contributions that, under 17 CFR 275.206(4)-5 or other pay-to-play regulations, would disqualify the candidate or Corebridge Financial from conducting Corebridge Financial’s business. Applicants who are selected to move forward with the application process will be required to disclose all U.S. political contributions they and their household members have made over the past two years.
Job Details
Functional Area: RK - Risk
Estimated Travel Percentage: Up to 25%
Relocation Provided: No
Seniority level: Executive
Employment type: Full-time
Job function: Finance and Sales
Why Corebridge? At Corebridge Financial, we prioritize the health, well-being, and work-life balance of our employees. Our comprehensive benefits and wellness program is designed to support employees both personally and professionally, ensuring that they have the resources and flexibility needed to thrive.
Benefits
Health and Wellness: We offer a range of medical, dental and vision insurance plans, as well as mental health support and wellness initiatives to promote overall well-being.
Retirement Savings: We offer retirement benefits options, which vary by location. In the U.S., our competitive 401(k) Plan offers a generous dollar-for-dollar Company matching contribution of up to 6% of eligible pay and a Company contribution equal to 3% of eligible pay (subject to annual IRS limits and Plan terms). These Company contributions vest immediately.
Employee Assistance Program: Confidential counseling services and resources are available to all employees.
Matching charitable donations: Corebridge matches donations to tax-exempt organizations 1:1, up to $5,000.
Volunteer Time Off: Employees may use up to 16 volunteer hours annually to support activities that enhance and serve communities where employees live and work.
Paid Time Off: Eligible employees start off with at least 24 Paid Time Off (PTO) days so they can take time off for themselves and their families when they need it.
Equal Opportunity Corebridge Financial is an Equal Opportunity Employer. We are committed to being an equal opportunity employer and we comply with all applicable federal, state, and local fair employment laws. All applicants will be considered for employment based on job-related qualifications and without regard to race, color, religion, sex, gender, gender identity or expression, sexual orientation, national origin, disability, neurodivergence, age, veteran status, or any other protected characteristic. The Company is also committed to compliance with all fair employment practices regarding citizenship and immigration status. At Corebridge Financial, we believe that diversity and inclusion are critical to building a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our colleagues are respected as individuals and valued for their unique perspectives. We will consider for employment qualified applicants with criminal histories, consistent with applicable law.
Relocation and accommodations: Corebridge Financial is committed to providing reasonable accommodations to job applicants and employees in accordance with applicable laws. If you need an accommodation in order to search for a job opening or to complete any part of the application or hiring process, please contact TalentandInclusion@corebridgefinancial.com.
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We Align To a Set Of Values That Are The Core Pillars That Define Our Culture And Help Bring Our Brand Purpose To Life
We are stronger as one: We collaborate across the enterprise, scale what works and act decisively for our customers and partners.
We deliver on commitments: We are accountable, empower each other and go above and beyond for our stakeholders.
We learn, improve and innovate: We get better each day by challenging the status quo and equipping ourselves for the future.
We are inclusive: We embrace different perspectives, enabling our colleagues to make an impact and bring their whole selves to work.
About The Role The Structured Products & Real Estate Credit Risk Oversight role 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 technical skills in risk management, stress testing, and governance. The individual will partner with senior stakeholders across Enterprise Risk Management, 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, as well as support the Head of Credit Risk Oversight in overseeing firm-wide credit risk management.
Maintain deep investment product knowledge and thorough understanding of market trends and regulations to identify potential risks and undue concentrations.
Ensure appropriate credit risk governance framework, policies, and procedures are in place that align with management’s expectations, regulatory requirements, and best practices.
Leverage expertise to assess creditworthiness and risk of potential transactions exceeding transaction guidelines, monitor Watch List credits, and 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 closely with Risk Analytics on the development of risk models and scenarios for calculating internal capital, conducting 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 a related field (Master’s degree preferred).
10+ years of experience in credit risk management field, preferably within banking, insurance or financial services industry.
Deep knowledge of investment products, particularly structured securities (e.g., CMBS, RMBS, CLOs, ABS, etc.), commercial and residential real estate debt, complex transactions, and alternatives.
Proficiency in financial modeling, quantitative analysis, and risk assessment methodologies, as well as solid 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, both written and oral, with attention to detail, and ability to interpret and effectively present strategic vision, expectations, and results from analyses to key stakeholders.
Proven ability to challenge constructively and influence decision-making.
Focus on results and accountability while connecting to the bigger picture.
Strong working knowledge of US insurance business, product features, and risks.
Strong team player with demonstrated success working in cross functional collaborative 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 presentations to senior management.
Familiarity with data visualization tools (MicroStrategy, Power BI) a plus.
Compensation The anticipated salary range for this position is $200,000 - $275,000 at the commencement of employment. Not all candidates will be eligible for the upper end of the salary range. The actual compensation offered will ultimately be dependent on multiple factors, which may include the candidate’s geographic location, skills, experience and other qualifications.
In addition, the position is eligible for a discretionary bonus in accordance with the terms of the applicable incentive plan.
Corebridge also offers a range of competitive benefits as part of the total compensation package, as detailed below.
Work Location If the position is based in one of Corebridge Financial's hub offices which are Houston, TX, Jersey City, NJ. or Woodland Hills, CA office the role is subject to our hybrid working policy, which gives colleagues the benefits of working both in an office and remotely. However, we are open to considering full remote candidates outside of these areas.
This role is deemed a “covered associate” under SEC Rule 206(4)-5, 17 CFR 275.206(4)-5 or other federal and state pay-to-play rules. Candidates for the role must not have made any political contributions that, under 17 CFR 275.206(4)-5 or other pay-to-play regulations, would disqualify the candidate or Corebridge Financial from conducting Corebridge Financial’s business. Applicants who are selected to move forward with the application process will be required to disclose all U.S. political contributions they and their household members have made over the past two years.
Job Details
Functional Area: RK - Risk
Estimated Travel Percentage: Up to 25%
Relocation Provided: No
Seniority level: Executive
Employment type: Full-time
Job function: Finance and Sales
Why Corebridge? At Corebridge Financial, we prioritize the health, well-being, and work-life balance of our employees. Our comprehensive benefits and wellness program is designed to support employees both personally and professionally, ensuring that they have the resources and flexibility needed to thrive.
Benefits
Health and Wellness: We offer a range of medical, dental and vision insurance plans, as well as mental health support and wellness initiatives to promote overall well-being.
Retirement Savings: We offer retirement benefits options, which vary by location. In the U.S., our competitive 401(k) Plan offers a generous dollar-for-dollar Company matching contribution of up to 6% of eligible pay and a Company contribution equal to 3% of eligible pay (subject to annual IRS limits and Plan terms). These Company contributions vest immediately.
Employee Assistance Program: Confidential counseling services and resources are available to all employees.
Matching charitable donations: Corebridge matches donations to tax-exempt organizations 1:1, up to $5,000.
Volunteer Time Off: Employees may use up to 16 volunteer hours annually to support activities that enhance and serve communities where employees live and work.
Paid Time Off: Eligible employees start off with at least 24 Paid Time Off (PTO) days so they can take time off for themselves and their families when they need it.
Equal Opportunity Corebridge Financial is an Equal Opportunity Employer. We are committed to being an equal opportunity employer and we comply with all applicable federal, state, and local fair employment laws. All applicants will be considered for employment based on job-related qualifications and without regard to race, color, religion, sex, gender, gender identity or expression, sexual orientation, national origin, disability, neurodivergence, age, veteran status, or any other protected characteristic. The Company is also committed to compliance with all fair employment practices regarding citizenship and immigration status. At Corebridge Financial, we believe that diversity and inclusion are critical to building a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our colleagues are respected as individuals and valued for their unique perspectives. We will consider for employment qualified applicants with criminal histories, consistent with applicable law.
Relocation and accommodations: Corebridge Financial is committed to providing reasonable accommodations to job applicants and employees in accordance with applicable laws. If you need an accommodation in order to search for a job opening or to complete any part of the application or hiring process, please contact TalentandInclusion@corebridgefinancial.com.
#J-18808-Ljbffr