MetLife Senior Derivatives Analytics Associate in Whippany, New Jersey
Role Value Proposition:
MetLife Investment Management (MIM) is one of the largest institutional investors and asset managers in the world, with over $651 billion in combined managed assets, and has consistently generated superior returns for both policyholders and shareholders. The enterprise has more than 900 dedicated professionals with extensive experience and expertise across public and private fixed income and private assets, including real estate. Visit us at www.metlife.com/investments to learn more.
This position, Senior Analytics Associate, reports to the head of Risk & Analytics in Investments Operations. The group owns risk analytics, scenario analysis and product management for derivatives and securities. The individual will have a high level of fixed income analytics expertise and serve as the primary analytics contact for fixed income investments. The individual will have a high level of fixed income expertise and work within a team environment to both contribute to and lead certain team initiatives and critical business functions.
Manage specific projects relating to research and/or global regulatory initiatives which impact the company such as Libor cessation. Contribute to expanding capabilities to support growing business needs and associated new products.
Review valuations and analytics across derivatives systems. Development and on-going support for structured derivatives that are not supported by the system of record.
Review analytics such as duration, convexity and OAS for all fixed income assets such as bonds and mortgage loans on a monthly basis before analytics are marked as final for consumption. Perform reasonableness checks, identify analytics exceptions and overrides if necessary. Fix data issues as needed.
Provide signoff for monthly scenario analysis and liaise with Risk, Treasury, IT and our vendor to oversee asset shock scenario processes such as Economic Capital, Stress testing and parallel/combination shocks. The results are used by Risk, Treasury, front office trading desks, portfolio managers in local countries, and Investments Finance for rating agency surveys. Review and validate scenario analysis package for reasonableness by performing coverage checks, asset count checks, shock sampling, analytic based shock MV checks and period over period comparison. Follow up with outsourced vendor for investigation and possible scenario recalculation in the event of significant or unexplainable differences, and for ongoing process improvement.
Fulfill regular reporting requirements for asset analytics such as Market Risk Disclosure, Solvency II, Pension shock analysis, and rating agency surveys such as S&P, A&M Best and IAIS.
Collaborate with Front Office, Risk, PMU, Data Governance, IT and vendor as necessary. Deal with incoming ad hoc queries regarding analytics.
Essential Business Experience and Technical Skills:
8+ years of experience
Understanding of most asset classes, e.g. Investment Grade, Non Investment Grade, High Yield, Bonds, Mortgage Loans. Good understanding of derivatives and valuation models is desired.
Strong analytical and quantitative skills
Demonstrates the ability to work independently and as part of a team environment. Must be able to work independently, self-motivated, eager to learn
Excellent interpersonal and oral communication skills
BA/BS in Computer Science, Finance, and/or Mathematics, MBA or MS strongly preferred
High level of proficiency in Blackrock Aladdin
Number of Openings
At MetLife, we’re leading the global transformation of an industry we’ve long defined. United in purpose, diverse in perspective, we’re dedicated to making a difference in the lives of our customers.
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 #: 120663