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Credit Risk Analyst

Date Posted: Nov 24, 2021

Location: Whippany, NJ, US, 7981

Company: MetLife

Role Value Proposition: 

Global Risk Management (GRM) oversees MetLife’s financial and non-financial risks in order to support responsible growth and ensure we deliver on our promises to customers.  GRM accomplishes this through proactive advice, through independent and effective challenge, and through implementation and enforcement of guardrails. This position is responsible for supporting activities related to Credit Risk capital modeling, limit setting, and varying levels of Management and Board reporting. This position reports directly to MetLife’s Global Head of Credit Analytics and Reporting. The primary role of the credit analytics group is to measure capital required to protect MetLife from insolvencies due to simultaneous credit events of multiple investments. Credits Analytics is also responsible for forecasting stressed credit losses. 

 

The candidate will be able to demonstrate solid quantitative skills and the ability to understand business area needs related to investment and non-investment related credit risks. The successful candidate can work independently and must be motivated to understand new technology and businesses and be able to work in a fast-paced environment. The position will require collaboration with other Business areas (e.g., IT, Investments, Finance).

 

Key Responsibilities:

  • Quantify, monitor and analyze the organization’s exposure to credit and counterparty risk related to investments and other credit related risks (i.e., derivatives, loans, structured finance, reinsurance, corporate, sovereign and municipal bonds). The key measure is credit economic capital requirements for MetLife and its subsidiaries; the primary tool is Moody’s RiskFrontier.
  • Support communication of credit economic capital results and analysis to senior staff and key internal stakeholders.
  • Assist in the design and development of quantitative/analytic models to help monitor and manage risk.
  • Perform experience studies to estimate asset probability of default and loss assumptions.
  • Work with management to development, implementation, and communicate credit risk related policies and procedures.
  • Develop and implements effective and measurable stop loss triggers and disclosures.
  • Ensure that manual processes are properly documented and subsequently automated where possible.
  • Work with IT Operations to implement credit risk analytics solutions and procedures as permanent parts of the credit risk data architecture. The credit analytics and reporting team will be primary Testers (UAT) for implemented solutions, which ensures all projects take into consideration the overall data and reporting strategy of the organization.

 

Essential Business Experience and Technical Skills:

 

Required:

  • 1+ years of experience (internship and/or full-time) in any of the following fields:  investment risk management, statistics, quantitative risk management, engineering, computer science, actuarial science, or related field.
  • Bachelor’s Degree in financial engineering, actuarial science, mathematics, statistics, computer science, or related field.
  • Technical expertise and comfortable working with large quantities of data - very strong computer skills
    • Query tool experience (e.g. SQL, SAS) and/or commercial Business Intelligence reporting tools (e.g. PowerBI, Qlik, Tableau, Microstrategy)
    • MS Office – Excel, PowerPoint in particular
  • Demonstrated ability to work as part of a team and work collaboratively with members of other departments and lines of business.

 

Preferred:

  • Advanced degree, or pursuit thereof, in a related field
  • Comfortable interacting with varying levels of risk officers, other business leaders, and technology staff across the company.
  • Knowledge of a credit risk software platform such as Moody’s RiskFrontier.
  • Knowledge of investment securities including pricing.
  • Experience creating projection assumptions for use in capital calculations.
  • Proficiency with SQL and a mathematical language.
  • Familiarity with third party financial databases such as SNL, Moody’s Credit Edge, Barclays, Bloomberg, etc.

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 $642.4 billion of total assets under management as of March 31, 2021. We are ranked #46 on the Fortune 500 list for 2021. In 2020, we were named to the Dow Jones Sustainability Index (DJSI) for the fifth year in a row. DJSI is a global index to track the leading sustainability-driven companies. We are proud to have been named to Fortune magazine's 2021 list of the "World's Most Admired Companies." 

       

MetLife is committed to building a purpose-driven and inclusive culture that energizes our people. Our employees work every day to help build a more confident future for people around the world.

 

 

We want to make it simple for all interested and qualified candidates to apply for employment opportunities with MetLife.  For further information about how to request a reasonable accommodation, please click on the Disability Accommodations link below.

 

 

MetLife is a proud Equal Employment Opportunity and Affirmative Action employer dedicated to attracting, retaining, and developing a diverse and inclusive workforce. All qualified applicants will receive consideration for employment at MetLife without regards to 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.

 

 

Requisition #: 121215