AVP - Capital Markets Investment Products

AVP – Capital Markets Investment Products

Location(s): Whippany, NJ

Setting: Hybrid

Reports to: VP - Capital Markets Investment Products

MetLife, through its subsidiaries and affiliates, is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to individual and institutional customers. We’re united by our purpose to help our customers and each other create a confident future; we’re guided by empathy; and we’re inspired by each other to make a difference in the lives of our coworkers, customers, communities, and the world at large. At MetLife, it’s #AllTogetherPossible.  Join us!

The Team You Will Join
The Capital Markets Group (“CMG”) manages $80B of MetLife spread margin businesses and is comprised of two teams: Securities Lending (“SL”) and Capital Markets investments Products (“CMIP”).  CMG integrates the management and sourcing of assets and “non-traditional” insurance liabilities through a centralized team focused on pursuing spread businesses within a consistent and disciplined asset-liability match (“ALM”) approach.  The group manages both the asset allocation strategy for funds raised from liability placement as well as the issuance of the respective liabilities under each team.  Liabilities include securities lending, funding agreement-backed medium term notes and commercial paper, Federal Home Loan Bank advances, and Farmer Mac advances. 

The CMG team is responsible for margin establishment and management and enhances profitability through optimization of risks and returns and the avoidance of margin slippage that can result from separation of liability.

The Opportunity

This position will provide a candidate with the opportunity to gain exposure to a unique business model which

includes full balance sheet responsibility.  The candidate will be responsible for leading the portfolio reinvestment

and asset allocation for the fixed income portfolios across multiple legal entities and supporting liability issuance

across multiple products.  Role is responsible for developing and implementing fixed income portfolio reinvestment

and hedging strategies by partnering with MIM’s asset specialists and global portfolio management teams. 

You will monitor and research capital markets to recommend strategies for best execution of Funding Agreement-

backed Notes as well as building and maintaining relationships with key market stakeholders including investment

banks, regulators, and investors.

How You’ll Help Us Build a Confident Future (Key Responsibilities)

This role provides the opportunity to develop competencies and expertise within the CMIP function, specifically:

• Active management of asset reinvestment opportunities across both public and private targeting operating income and risk-based returns
• Run quarterly asset allocation process including analyzing cash flows and asset relative value propositions. Participate in annual plan process and assist with the establishment of the plan data and metrics
• Ownership of daily liquidity as well targeting and maintaining long term liquidity position in the ALM framework
• Assist in issuance and tracking of all CMIP products, including FA-Backed-Notes, Federal Home Loan Bank advances and Farmer Mac advances, and contribute to new product development
• Coordinate the preparation of internal / external communication materials, including investor presentations, with Investment areas, Retirement Income Solutions Business, Law Department, Treasury, Finance, Risk Management, and Investor Relations to achieve continued growth of CMIP 
• Deliver periodic and ad-hoc presentations to internal stakeholders
• Contribute to a culture of responsibility and authority, teamwork, creativity, and diversity that will help drive the successful completion of the group’s current and longer-term objectives

What You Need to Succeed (Required Qualifications)

•            MBA, CFA, and/or 8+ years of experience in Investments, Finance or Consulting or similar experience

•            Strong understanding of financial markets

•            Advanced analytical skills, computer skills and excellent problem solver

•            Motivated and good team player

•            Strong relationship building skills to work effectively with internal and external partners

•            Strong executive-level communication skills

•            Self-starter with intellectual curiosity and the ability to work efficiently with tight deadlines

•            Proven experience having good business judgment in risk/return tradeoffs

Additional Skills

• Experience in managing fixed income portfolios including portfolio optimization and hedging
• Experience in capital markets transaction execution

Benefits We Offer

Our U.S. benefit programs are geared toward health and wellness, financial protection, and retirement savings. In addition to comprehensive health coverage including medical/prescription drug, dental, vision, and no-cost short- and long-term disability benefits also include:

• Retirement plan (cash balance pension) with a minimum monthly contribution regardless of an employee’s pay and 401(k) with employer matching
• Company-paid life insurance and legal services, and discounts on voluntary insurance products including auto and home, pet, critical illness, hospital indemnity, and accident insurance
• Employee Assistance Program (EAP) and digital mental health programs
• Expert support for medical second opinions, cancer care navigation, diabetes and hypertension, weight loss/fitness, joint and spine health, caregiving, and more
• Generous paid time off, including a floating cultural heritage day
• Paid volunteer time off and charitable contribution match
• Tuition assistance
• Family benefits including paid parental leave, adoption and surrogacy assistance, child and eldercare support, college advising program

Equal Employment Opportunity/Disability/Veterans

If you need an accommodation due to a disability, please email us at accommodations@metlife.com. This information will be held in confidence and used only to determine an appropriate accommodation for the application process.

MetLife maintains a drug-free workplace.

#MIM