The Financial/Actuarial Risk Officer will ensure TIAA’s actuarial and insurance risks are effectively managed, through robust risk management controls and frameworks aligned to our insurance and annuity liabilities, evolving business strategy and operating environment. As a senior level professional within the Actuarial & Financial Risk Management team, this role provides independent risk oversight and review across a broad range of actuarial and financial disciplines.
Key Responsibilities and Duties
- Lead independent review and challenge of interest rate sensitivity analyses, duration and convexity metrics, and liability-driven investment strategies across a range of economic and market scenarios, with a focus on the long-duration, annuity-linked nature of TIAA's balance sheet.
- Review and evaluate internally developed ALM and Economic Capital models, including cash flow projections in support of ALM oversight, financial planning, and scenario/stress testing analyses; producing documented findings and actionable recommendations for senior leadership.
- Partner with Actuarial Services, the General Account Office, and Financial Risk teams to align ALM methodologies, Embedded Value and enforce profitability metrics, and perform financial risk reviews on strategic transactions (e.g. reinsurance, M&A) or large transformation initiatives
- Support the review of product financial risk, including insurance product pricing and reserving assumptions.
- Contribute to risk reporting on ALM positioning, product financial risk, and liability product performance for internal governance committees and regulators.
Educational Requirements
- University (Degree) Preferred
Work Experience
- 5+ Years Required; 7+ Years Preferred
Physical Requirements
- Physical Requirements: Sedentary Work
Career Level
9IC
Success in this role is driven by the ability to:
- Highly motivated team player who can proactively collaborate with other teams in Risk & Compliance as well as in the business lines
- Inform and influence others appropriately, clearly and on a timely basis
- Adapt and thrive in complex, uncertain and changing situations
- Listen actively, and challenge yourself and others to think about all angles of the issue
- Quickly build knowledge in unfamiliar topics and apply it to the work
- Demonstrate curiosity across a broad range of business issues
Required Qualifications:
- 5+ years actuarial and/or quantitative risk management experience
- Demonstrated experience with Asset Liability Management concepts and models, including interest rate risk, duration management, and liability cash flow analysis
- Demonstrated analytical and problem-solving skills, including ability to drill down on details, perform analyses, resolve issues and distill findings into a concise summary of key conclusions and recommendations
- Excellent communication skills, both verbal and written
Preferred Qualifications :
- 7+ years of actuarial and/or quantitative risk management experience in a life insurance and annuity context
- Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, Finance, or Financial Engineering
- ASA (Associate of the Society of Actuaries) or FSA (Fellow of the Society of Actuaries) highly preferred
- Understanding of ALM, strategic asset allocation, and interest rate risk management for life insurance and annuity products
- Familiarity with insurance product pricing, reserving, or reinsurance in a life insurance or annuity context
- Experience working within or in close partnership with an actuarial function at an insurance company or financial services firm
- Proficient in Microsoft applications, actuarial projection or pricing systems
Related Skills
Analytical Skills, Collaboration, Communication, Critical Thinking, Executive Presence, Financial Acumen, Financial Analysis, Financial Risk Management, Relationship Management, Risk Analysis/Analytics, Risk Mitigation, Strategic Thinking, TIAA Products/Services Acumen
Anticipated Posting End Date:
2026-10-30
Base Pay Range: $164,000/yr - $259,000/yr
Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).
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