Equitable Holdings
Deputy Chief Investment Officer - General Account
Equitable Holdings, New York, New York, us, 10261
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?
Equitable operates in an agile environment across the entire organization, referred to as New Ways of Working. The Chief Investment Office is expanding its leadership team and searching for a Deputy Chief Investment Officer—a single, integrated leadership role encompassing strategic investment management, asset-liability oversight, and manager accountability.
Reporting to the Chief Investment Officer, the Deputy Chief Investment Officer – General Account will manage a team of 2 to 3 professionals, collaborating with business and asset class leaders to drive the evolution of our investment functions. This highly visible position will lead critical cross-functional initiatives, advocate for the company's investment and risk management principles, and provide independent perspectives supporting a long-term investment approach. Role Summary & Responsibilities : Strategic Asset Allocation & Product Strategy : Develop and oversee asset allocation targets across all asset classes, informed by liability profiles and risk tolerance. Lead the development and implementation of product investment strategies, maintaining close relationships with business areas. Asset-Liability Management : Ensure portfolio duration, cash flows, and risk characteristics are aligned with insurance liability obligations. Oversee ALM implementation, collaborating with stakeholders to guarantee strategic alignment. Investment Policy & Compliance : Create and maintain investment guidelines, establish risk limits, and ensure compliance with regulatory frameworks. Monitor policy adherence, aiming for zero violations of investment or regulatory requirements. Economic Capital & Risk Optimization : Maximize risk-adjusted returns while optimizing regulatory capital requirements (RBC, Solvency II). Oversee duration positioning, hedging strategies, and sensitivity analysis to manage interest rate risk. Portfolio Structuring & Manager Oversight : Drive portfolio structuring to meet key company OKRs including yield, risk, and capital usage. Engage directly with affiliated asset managers, evaluating performance, conducting due diligence, and enforcing accountability across mandates and asset classes. Performance Analysis : Analyze portfolio performance drivers, validate returns against strategic objectives, and deliver rigorous attribution analysis with >90% explained variance. Ensure affiliated manager delivers benchmark targets with prudent risk management. Risk Monitoring & Market Intelligence : Monitor portfolio risk characteristics, identify emerging risks, and provide independent market analysis and investment opportunity assessment. Lead specialized knowledge teams to validate manager decisions and uphold institutional-grade due diligence. Accountabilities : Regulatory Capital Efficiency: Target improvement in capital ratios annually Asset-Liability Mismatch: Maintain duration gap within ±1 year of target matching. Strategic Performance: Deliver asset allocation decisions generating [5-10+] basis points annual outperformance. Policy Compliance: Zero violations of investment guidelines or regulatory requirements. Interest Rate Protection: Limit earnings volatility from rate movements to acceptable ranges. Capital Allocation ROI: Demonstrate 15%+ risk-adjusted return on allocated capital across asset classes. Manager Performance Validation: Ensure affiliated asset managers meet benchmarks and risk standards. Due Diligence Quality: Maintain investment evaluation standards across all asset classes. Risk Parameter Compliance: Enforce risk limits and concentration guidelines. Performance Attribution: Deliver accurate portfolio analysis with >90% explained variance in results. Cost-Effective Oversight: Provide independent validation without duplicating manager capabilities. Investment Quality: Prevent losses through rigorous screening and ongoing portfolio monitoring.
The base annual salary range for this role is $275,000 - $350,000.
In addition to base pay, Equitable provides compensation to reward performance with base salary increases, spot bonuses, and short-term incentive compensation opportunities. Eligibility for these programs depends on level and functional area of responsibility.
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
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?
Equitable operates in an agile environment across the entire organization, referred to as New Ways of Working. The Chief Investment Office is expanding its leadership team and searching for a Deputy Chief Investment Officer—a single, integrated leadership role encompassing strategic investment management, asset-liability oversight, and manager accountability.
Reporting to the Chief Investment Officer, the Deputy Chief Investment Officer – General Account will manage a team of 2 to 3 professionals, collaborating with business and asset class leaders to drive the evolution of our investment functions. This highly visible position will lead critical cross-functional initiatives, advocate for the company's investment and risk management principles, and provide independent perspectives supporting a long-term investment approach. Role Summary & Responsibilities : Strategic Asset Allocation & Product Strategy : Develop and oversee asset allocation targets across all asset classes, informed by liability profiles and risk tolerance. Lead the development and implementation of product investment strategies, maintaining close relationships with business areas. Asset-Liability Management : Ensure portfolio duration, cash flows, and risk characteristics are aligned with insurance liability obligations. Oversee ALM implementation, collaborating with stakeholders to guarantee strategic alignment. Investment Policy & Compliance : Create and maintain investment guidelines, establish risk limits, and ensure compliance with regulatory frameworks. Monitor policy adherence, aiming for zero violations of investment or regulatory requirements. Economic Capital & Risk Optimization : Maximize risk-adjusted returns while optimizing regulatory capital requirements (RBC, Solvency II). Oversee duration positioning, hedging strategies, and sensitivity analysis to manage interest rate risk. Portfolio Structuring & Manager Oversight : Drive portfolio structuring to meet key company OKRs including yield, risk, and capital usage. Engage directly with affiliated asset managers, evaluating performance, conducting due diligence, and enforcing accountability across mandates and asset classes. Performance Analysis : Analyze portfolio performance drivers, validate returns against strategic objectives, and deliver rigorous attribution analysis with >90% explained variance. Ensure affiliated manager delivers benchmark targets with prudent risk management. Risk Monitoring & Market Intelligence : Monitor portfolio risk characteristics, identify emerging risks, and provide independent market analysis and investment opportunity assessment. Lead specialized knowledge teams to validate manager decisions and uphold institutional-grade due diligence. Accountabilities : Regulatory Capital Efficiency: Target improvement in capital ratios annually Asset-Liability Mismatch: Maintain duration gap within ±1 year of target matching. Strategic Performance: Deliver asset allocation decisions generating [5-10+] basis points annual outperformance. Policy Compliance: Zero violations of investment guidelines or regulatory requirements. Interest Rate Protection: Limit earnings volatility from rate movements to acceptable ranges. Capital Allocation ROI: Demonstrate 15%+ risk-adjusted return on allocated capital across asset classes. Manager Performance Validation: Ensure affiliated asset managers meet benchmarks and risk standards. Due Diligence Quality: Maintain investment evaluation standards across all asset classes. Risk Parameter Compliance: Enforce risk limits and concentration guidelines. Performance Attribution: Deliver accurate portfolio analysis with >90% explained variance in results. Cost-Effective Oversight: Provide independent validation without duplicating manager capabilities. Investment Quality: Prevent losses through rigorous screening and ongoing portfolio monitoring.
The base annual salary range for this role is $275,000 - $350,000.
In addition to base pay, Equitable provides compensation to reward performance with base salary increases, spot bonuses, and short-term incentive compensation opportunities. Eligibility for these programs depends on level and functional area of responsibility.
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