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AVP Credit Risk, Real Estate & Structured Finance

Date Posted: Mar 3, 2019

Location: Whippany, NJ, US, 07981

Company: MetLife

Position:  AVP Credit Risk, Real Estate & Structured Finance

 

Job Location: Whippany, NJ

 

The Role:

Credit Risk Management (“CRM”), an independent review function within MetLife’s Investment Risk Management team, is seeking a Head of Real Estate and Structured Finance to support the oversight of its credit risks generated by its investment portfolios. MetLife Investments manages a global portfolio of fixed income, real estate, equity, and alternative asset investments. CRM is responsible for developing and reporting limits, capital modeling, governance, and board reporting of assets with credit risk. This position will be responsible for a newly created team to evaluate and monitor all credit risks associated with MetLife’s Real Estate and Structured Finance portfolios, including scenario analysis, identifying emerging trends/concentrations, monitoring and reporting significant changes in credit quality, and analyzing how long-term sector trends and events could impact our portfolios. This position reports directly to MetLife’s Global Head of Credit Risk and strong candidates will be able to demonstrate solid quantitative and qualitative credit skills that span across real estate and structured products.

 

Key Responsibilities:

  • Monitor trends and risks across the Commercial Real Estate and Agricultural Finance (debt, equity) and Structured Finance (RMBS, CMBS, ABS and other securitized assets) portfolios arising from capital markets, underlying collateral, structural changes, regulations, etc.
  • Work closely with MetLife’s asset managers, model risk management and other teams to ensure coordination and understanding of modeling approaches and results obtained.
  • Review model inputs, assumptions, interpret and communicate credit model and economic capital results and other indicators to senior management.
  • Work with Credit Risk Analytics, Credit Limit Monitoring and Reporting, and business partners to design and implement appropriate analytic tools, stress scenarios, and risk reports to effectively monitor the investment risks, enhance decision making, and communicate risk positions / emerging trends.
  • Improve approaches to evaluating risk, ask critical questions and ensure transparency and quality of processes, data, assumptions, and results.
  • Evaluate limit structures with respect to the General Account and requests to exceed established limits; make recommendations whether to approve.
  • Ensure compliance with relevant policies and recommend improvements, as appropriate.
  • Attend businesses/portfolios reviews; communicate emerging risks and concentrations to senior management.
  • Review the underlying methodologies and stress testing results for quarterly OTTI calculations.

 

Key Relationships:

  • Reports to: Vice President, Global Head of Credit Risk
  • Direct reports/team: 2 [to be hired]
  • Key Stakeholders: MetLife Investments Management, Affiliated Insurance Company, and Global Risk Management

 

Candidate Qualifications:

Essential Business Experience and Technical Skills:

  • 10-15 years of experience of relevant work experience in increasingly important roles at a top tier financial institution.
  • Minimum of 10 years in a credit capacity or risk management covering commercial real estate and/or structured products (e.g. CMBS, RMBS, ABS, etc.).
  • Familiarity with the various information models and systems used for structured products and commercial real estate (e.g. SPEAR, CMM, Intex, etc.).
  • Familiarity in assessing models and model outputs for portfolio management of real estate credit and/or structured products.
  • Excellent verbal and written communication skills; ability to explain complex models and interface successfully within all levels of a large organization.
  • Ability to work successfully in a team environment.
  • Strong initiative and ability to work independently and exercise good judgment
  • Ability to muster and organize information and people within the organization to achieve a desired objective.
  • Undergraduate degree required in finance, economics, math, or quantitative field. MBA or other advanced degree preferred.

 

Leadership Competencies

  • Thinks Strategically – Sets direction aligned to the company’s strategy, applying external and global perspective to meet local and global needs.
  • Motivates People – Gains people commitment to achieve business objectives through clear communication of the company’s vision and flexing leadership styles to inspire high performance.
  • Creates Partnerships – Authentically builds trusted relationships and collaborates across global, diverse and multi-functional teams to successfully drive business objectives.
  • Drives Results – Sets aggressive goals and is accountable for continuously driving improved performance, leading change and ensuring high standards.
     

MetLife:

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 help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.

 

We are one of the largest institutional investors in the U.S. with more than $587.7 billion in combined managed assets as of September 31, 2018. We are ranked #43 on the Fortune 500 list for 2018. In 2018, we were named to the Dow Jones Sustainability Index (DJSI) for the third year in a row. DJSI is a global index to track the leading sustainability-driven companies.

           

Our goal in everything we do is to offer customers truly differentiated value propositions that allow us to establish clear competitive advantages. We pride ourselves on being a trusted partner to our customers as they navigate life’s twists and turns. Visit us at www.metlife.com to learn more about our brand, history, and values.

 

MetLife is a proud equal opportunity/affirmative action employer committed to attracting, retaining, and maximizing the performance of a diverse and inclusive workforce. It is MetLife's policy to ensure equal employment opportunity without discrimination or harassment based on race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.

 

MetLife maintains a drug-free workplace.

 

For immediate consideration, click the Apply Now button. You will be directed to complete an on-line profile. Upon completion, you will receive an automated confirmation email verifying you have successfully applied to the job.
 


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