Corebridge Financial
VP, Enterprise Risk Management - Structured Products & Real Estate Credit Risk O
Corebridge Financial, Jersey City, New Jersey, United States, 07390
Who We Are
Corebridge Financial
believes action is everything. We partner with financial professionals and institutions to help more people take action in their financial lives. We align to a set of Values that define our culture and brand purpose: 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.
Who You\'ll Work With
At Corebridge, everyone is responsible for managing risk. Since we take risk to support our customers and earn a return for our shareholders, our ability to manage risk is critical to our long-term success. In Enterprise Risk Management, we focus on ensuring that risk is managed well. Through independent review, challenge and advice, Enterprise Risk Management fosters responsible risk-taking to create value and establishes and monitors risk guardrails to protect our franchise and commitments. We focus on material risks and concentrations and collaborate across the company to promote a strong risk culture.
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 the credit risk management field, preferably within banking, insurance or financial services. 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 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 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 depend on multiple factors, including 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.
Work Location
If the position is based in one of Corebridge Financial\'s hub offices (Houston, TX; Jersey City, NJ; or Woodland Hills, CA), the role is subject to our hybrid working policy, which provides a mix of office and remote work. We are open to considering fully remote candidates outside these areas. LI-SB1 #LI-SAFG #LI-Remote
This role is deemed a "covered associate" under SEC Rule 206(4)-5 and related pay-to-play rules. Candidates must not have made political contributions that would disqualify Corebridge Financial. Applicants selected to move forward will disclose all U.S. political contributions over the past two years.
Why Corebridge?
We prioritize health, well-being, and work-life balance. Our benefits and wellness program support employees personally and professionally. Benefit Offerings Include : Health and Wellness: Medical, dental and vision plans, mental health support, and wellness initiatives. Retirement Savings: 401(k) plan with company match up to 6% and a company contribution of 3% (vesting immediately). Employee Assistance Program: Confidential counseling services 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.
Eligibility for and participation in employer-sponsored benefit plans subject to plan documents and policy.
We are an Equal Opportunity Employer Corebridge Financial is committed to being an equal opportunity employer and complies with all applicable laws. All applicants will be considered based on job-related qualifications without regard to protected characteristics. The Company supports diversity and inclusion and provides accommodations for applicants and employees as required by law. If needed, please email TalentandInclusion@corebridgefinancial.com for accommodations. We will consider qualified applicants with criminal histories as permitted by law.
To learn more please visit: www.corebridgefinancial.com
Functional Area :
RK - Risk Estimated Travel Percentage (%) :
Up to 25% Relocation Provided :
No The United States Life Insurance Company in the City of New York
#J-18808-Ljbffr
Corebridge Financial
believes action is everything. We partner with financial professionals and institutions to help more people take action in their financial lives. We align to a set of Values that define our culture and brand purpose: 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.
Who You\'ll Work With
At Corebridge, everyone is responsible for managing risk. Since we take risk to support our customers and earn a return for our shareholders, our ability to manage risk is critical to our long-term success. In Enterprise Risk Management, we focus on ensuring that risk is managed well. Through independent review, challenge and advice, Enterprise Risk Management fosters responsible risk-taking to create value and establishes and monitors risk guardrails to protect our franchise and commitments. We focus on material risks and concentrations and collaborate across the company to promote a strong risk culture.
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 the credit risk management field, preferably within banking, insurance or financial services. 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 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 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 depend on multiple factors, including 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.
Work Location
If the position is based in one of Corebridge Financial\'s hub offices (Houston, TX; Jersey City, NJ; or Woodland Hills, CA), the role is subject to our hybrid working policy, which provides a mix of office and remote work. We are open to considering fully remote candidates outside these areas. LI-SB1 #LI-SAFG #LI-Remote
This role is deemed a "covered associate" under SEC Rule 206(4)-5 and related pay-to-play rules. Candidates must not have made political contributions that would disqualify Corebridge Financial. Applicants selected to move forward will disclose all U.S. political contributions over the past two years.
Why Corebridge?
We prioritize health, well-being, and work-life balance. Our benefits and wellness program support employees personally and professionally. Benefit Offerings Include : Health and Wellness: Medical, dental and vision plans, mental health support, and wellness initiatives. Retirement Savings: 401(k) plan with company match up to 6% and a company contribution of 3% (vesting immediately). Employee Assistance Program: Confidential counseling services 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.
Eligibility for and participation in employer-sponsored benefit plans subject to plan documents and policy.
We are an Equal Opportunity Employer Corebridge Financial is committed to being an equal opportunity employer and complies with all applicable laws. All applicants will be considered based on job-related qualifications without regard to protected characteristics. The Company supports diversity and inclusion and provides accommodations for applicants and employees as required by law. If needed, please email TalentandInclusion@corebridgefinancial.com for accommodations. We will consider qualified applicants with criminal histories as permitted by law.
To learn more please visit: www.corebridgefinancial.com
Functional Area :
RK - Risk Estimated Travel Percentage (%) :
Up to 25% Relocation Provided :
No The United States Life Insurance Company in the City of New York
#J-18808-Ljbffr