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Purpose:
The Vice President of ALM will be Athene’s officer, accountable for overseeing the Liability Driven Investment process on behalf of Athene and monitoring ALM exposures relative to Athene’s ALM Risk Policy. The individual will lead the ALM process, including proposing ALM strategies and communication of the material ALM issues to Executive management across Athene and Apollo, as well as the Board of Directors. The role will be responsible for reporting and monitoring, enhance governance over the ALM risk management processes across business channels, legal entity, economic entity, and client portfolio level relative to liquidity, capital, pricing, and plan.
Accountabilities:
The Vice President of ALM will report directly to the Head of Asset Risk with responsibilities to:
- Mature ALM frameworks and processes to most effectively manage and monitor ALM across the organization, coordinating across Athene and Apollo
- Review ALM risk governance policies, limits, standards, controls, at least annually and recommend changes as appropriate
- Ensure applicable governance around Athene’s SAA optimization, including objective function selection and corresponding limits and constraints, for various uses (financial planning, pricing, portfolio management mandates)
- Actively monitor ALM position and limits and own ALM Risk policy
- Lead independent risk review of portfolio actions, including funding agreements, asset rotations, and large trades while assessing impacts to capital, liquidity, earnings, and VM22
- Run quarterly Investment & Asset-Liability Committee as the lead coordinator
- Lead creation of ALM analytics across interest rate, spread, convexity, prepayment, and cash flow risks, partnering closely with Actuarial while preserving independent oversight and challenge.
- Deliver or coordinate ad-hoc stress testing and scenario analysis for senior management
- Measure and report current ALM position relative to board approved risk limits and targets. Ensure ALM Risk taken is in accordance with Risk Appetite and that the proper risk framework is deployed to measure, monitor, and control the risk consistent with overall Enterprise requirements
- Collaborate with Apollo on implementation of appropriate hedging strategies to mitigate ALM risks and ensure optimal accounting and performance measurement
- Partner with ISG and Apollo to create, develop, and implement new analysis, objectives, and initiatives around the SAA process and governance, reporting, and monitoring
- Champion Capital Markets Assumptions collaboration across Athene and Apollo for consistency in Plan, SAA, and liability pricing with Assumptions Oversight Committee approval
Qualifications and Experience:
- Graduate or MBA degree in finance, economics, or math; MBA, CFA, FRM, PRM and/or specialized degree in financial engineering or similar discipline preferred
- Experience in life insurance, investment, and/or risk management
- Senior executive experience in an Asset Management, money center bank or global insurer or equivalent with 10+ years of experience; 5-10 years of indirect or direct people leadership experience
- Experience managing the general account of an insurance company preferred
- Strong communication, presentation, and interpersonal skills with proved ability to manage stakeholders effectively at all levels within the organization
- Displays sound business judgment, leadership, and management skills
- Collaborative style and demonstrated success contributing to a team environment
$261,120.00 - $391,680.00 USD Annual
Annual Salary for this role is market competitive. Actual salary for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Depending on the role, a discretionary bonus plan or variable sales incentive may be included.
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