Aflac
Overview
Aflac Asset Management, LLC, d.b.a. Aflac Global Investments (GI) is a wholly owned subsidiary of Aflac Incorporated (Aflac). GI is located in New York’s financial district and oversees the overall investment activities of Aflac and its subsidiaries in Japan, Bermuda, and the U.S. With 150 employees globally, GI seeks investments to maximize long-term returns with a focus on preservation of capital, subject to our asset-liability profile and liquidity and capital requirements. GI has primary investment and asset management responsibility for Aflac’s general account consisting of public, private, and growth assets (including strategic partnerships), which generates approximately $3.5 billion a year in net investment income. As of year-end 2024, Aflac’s total general account portfolio was approximately $100 billion.
The investment teams support GI’s goals by providing market insight and knowledge of assigned asset classes. GI oversees the strategic deployment of capital for life and supplemental health insurance company balance sheets using both internal teams and external third-party asset managers.
Position Summary Working as a member of Aflac Global Investments (GI) and the Quantitative Analytic Solutions (QAS) / Investment Risk Architecture team, you will work closely with other quantitative analysts, quantitative investment risk analysts, asset liability management analysts, and enterprise risk management teams, along with other Global Investment business partners throughout the U.S. and Japan. Collaborate on the development of quantitative analytic solutions to support the implementation of a large, primarily fixed income, investment strategy. Apply solid knowledge of mathematical finance to a growing, state-of-the-art quantitative platform focused on scenario analysis of current and potential investment strategies.
Key Relationships Reports to: Quantitative Analytic Solutions/Investment Risk Architecture Manager
Primary Relationships: Quantitative Analytic Solutions, Investment Risk, Operational Risk, Asset Liability Management, Credit analysts, Credit and Derivatives traders, Investment Analysts, IT, Operations, Investment Accounting and senior GI leaders
Overall Responsibilities
Contribute to the development and calibration of models concerning:
Hedging strategies and optimization in FX, IR, Credit, and Equities domains
Strategic Asset Allocation with both total-return and income lenses
Economic Scenario Generation and Portfolio Optimization
Tactical Asset Allocation
Support capital measurement and regulatory analytics (US and Japan focus) with potential exposure to other regulatory jurisdictions and rating agencies
Longer-term projects associated with building out key functionality in the platform
Tactical analysis using existing tools, with immediate impact on business decisions
Explaining modeling methodology and model results to non-quants within the business
Candidate Qualifications Technical Skills
Bachelors Degree in mathematics, quantitative finance, physics, financial engineering, computer science or other related field; advanced degree a plus
Minimum 1 year experience in a similar quantitative role; preferably in an institutional investment environment or insurance asset manager; will consider internship experience
Knowledge of standard quantitative finance models (and stochastic calculus) on a practical level
Deep orientation toward probabilistic thinking; Bayesian mindset
Appreciation for the financial meaning and economic basis of models
Familiarity with major fixed income asset classes, basic bond math, Vanilla FX/IR derivatives
Hands-on programming experience involving large projects, implementation of quantitative models, and intuition for how to write usable, and understandable, code—Python preferred, C++, SQL or similar experience desired as well
Knowledge of source control (Git/Github), databases (Snowflake), visualization tools (Plotly/Dash) and Big Data / ML frameworks (Scikit-learn, Apache Spark) is a plus
Non-Technical Skills
Takes ownership of problems and seeks to add value, not just complete assigned tasks
Systematic thinker who acts to increase, not decrease, the organization and clarity of information
Seeks conceptual understanding, not just technical precision
Comfortable with explaining quantitative ideas to non-quants and strives to break-down technical ideas into intuitive, digestible bits
Intellectual curiosity with the ability to generate and brainstorm ideas with colleagues
Team player
Please note:
Aflac Global Investments’ hybrid working environment requires a minimum of 3 days in the office each week
Compensation and Benefits Salary range:
This position has a range of $101,000 - $142,000. This range is specific to the job level and reflects factors including education, experience, licensure, certifications, geographic location, and internal equity. The range is provided in good faith based on information known to Aflac at the time of posting. Compensation decisions depend on the circumstances of each case. This salary range does not include potential incentive pay or benefits, which will be provided separately when appropriate.
Benefits:
In addition to base salary, we offer medical, dental, and vision coverage, prescription drug coverage, health care flexible spending, dependent care flexible spending, Aflac supplemental policies, 401(k) plans, generous paid time off, designated paid holidays, and other leaves of absence where eligible. Aflac complies with applicable leave laws in all states and localities.
EEO Statement:
We will consider for employment all qualified applicants, including those with a criminal history, in a manner consistent with federal, state, and local laws, including the Los Angeles Fair Chance Initiative for Hiring Ordinance, the San Francisco Fair Chance Ordinance, and the New York City Fair Chance Act. Applicants with criminal histories are encouraged to apply.
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Position Summary Working as a member of Aflac Global Investments (GI) and the Quantitative Analytic Solutions (QAS) / Investment Risk Architecture team, you will work closely with other quantitative analysts, quantitative investment risk analysts, asset liability management analysts, and enterprise risk management teams, along with other Global Investment business partners throughout the U.S. and Japan. Collaborate on the development of quantitative analytic solutions to support the implementation of a large, primarily fixed income, investment strategy. Apply solid knowledge of mathematical finance to a growing, state-of-the-art quantitative platform focused on scenario analysis of current and potential investment strategies.
Key Relationships Reports to: Quantitative Analytic Solutions/Investment Risk Architecture Manager
Primary Relationships: Quantitative Analytic Solutions, Investment Risk, Operational Risk, Asset Liability Management, Credit analysts, Credit and Derivatives traders, Investment Analysts, IT, Operations, Investment Accounting and senior GI leaders
Overall Responsibilities
Contribute to the development and calibration of models concerning:
Hedging strategies and optimization in FX, IR, Credit, and Equities domains
Strategic Asset Allocation with both total-return and income lenses
Economic Scenario Generation and Portfolio Optimization
Tactical Asset Allocation
Support capital measurement and regulatory analytics (US and Japan focus) with potential exposure to other regulatory jurisdictions and rating agencies
Longer-term projects associated with building out key functionality in the platform
Tactical analysis using existing tools, with immediate impact on business decisions
Explaining modeling methodology and model results to non-quants within the business
Candidate Qualifications Technical Skills
Bachelors Degree in mathematics, quantitative finance, physics, financial engineering, computer science or other related field; advanced degree a plus
Minimum 1 year experience in a similar quantitative role; preferably in an institutional investment environment or insurance asset manager; will consider internship experience
Knowledge of standard quantitative finance models (and stochastic calculus) on a practical level
Deep orientation toward probabilistic thinking; Bayesian mindset
Appreciation for the financial meaning and economic basis of models
Familiarity with major fixed income asset classes, basic bond math, Vanilla FX/IR derivatives
Hands-on programming experience involving large projects, implementation of quantitative models, and intuition for how to write usable, and understandable, code—Python preferred, C++, SQL or similar experience desired as well
Knowledge of source control (Git/Github), databases (Snowflake), visualization tools (Plotly/Dash) and Big Data / ML frameworks (Scikit-learn, Apache Spark) is a plus
Non-Technical Skills
Takes ownership of problems and seeks to add value, not just complete assigned tasks
Systematic thinker who acts to increase, not decrease, the organization and clarity of information
Seeks conceptual understanding, not just technical precision
Comfortable with explaining quantitative ideas to non-quants and strives to break-down technical ideas into intuitive, digestible bits
Intellectual curiosity with the ability to generate and brainstorm ideas with colleagues
Team player
Please note:
Aflac Global Investments’ hybrid working environment requires a minimum of 3 days in the office each week
Compensation and Benefits Salary range:
This position has a range of $101,000 - $142,000. This range is specific to the job level and reflects factors including education, experience, licensure, certifications, geographic location, and internal equity. The range is provided in good faith based on information known to Aflac at the time of posting. Compensation decisions depend on the circumstances of each case. This salary range does not include potential incentive pay or benefits, which will be provided separately when appropriate.
Benefits:
In addition to base salary, we offer medical, dental, and vision coverage, prescription drug coverage, health care flexible spending, dependent care flexible spending, Aflac supplemental policies, 401(k) plans, generous paid time off, designated paid holidays, and other leaves of absence where eligible. Aflac complies with applicable leave laws in all states and localities.
EEO Statement:
We will consider for employment all qualified applicants, including those with a criminal history, in a manner consistent with federal, state, and local laws, including the Los Angeles Fair Chance Initiative for Hiring Ordinance, the San Francisco Fair Chance Ordinance, and the New York City Fair Chance Act. Applicants with criminal histories are encouraged to apply.
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