Back to Search New Search

Sr. Consultant, Enterprise Risk Management

Lincoln Financial Group Radnor, PA
Save

Job Description


Alternate Locations: Radnor, PA (Pennsylvania)

Relocation assistance is not available for this opportunity.

Requisition #42141

About the Company

Lincoln Financial Group, a Fortune 250 company with over 10,000 employees, provides advice and solutions that help empower Americans to take charge of their financial lives with confidence. Our core business areas — Life Insurance, Annuities, Retirement Plan Services and Group Protection — focus on supporting, preserving and enhancing over 17 million customer’s lifestyles and retirement outcomes.

 

Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. The company had $253 billion in assets under management as of December 31, 2017.

 

Ranked one of the Best Large Employers in America by Forbes magazine, Lincoln Financial Group makes a serious investment in our employees’ futures through a broad range of wealth accumulation and protection plans, health and wellness programs, and career development resources designed to help each individual reach their personal and professional goals.

The Role
As the Enterprise Risk Senior Analyst, working with all areas of risk and all lines of businesses, you will help support the continued development and implementation of the Lincoln Financial Groups Enterprise Risk Management program. The Enterprise Risk Management Group is part of a team reporting into the Chief Risk Officer.
The focus on this role is on maintaining and enhancing a robust stochastic scenario generation process, complete with meaningful statistical analysis, for use in projection models across the company.  A secondary focus will be on assisting in socializing and enhancing our model governance framework with an emphasis on building a modeling inventory and model replication where necessary or appropriate.  These responsibilities are fully integrated with the broader team responsibilities and objectives.
The focus of the ERM group is to deliver insightful, added-value, actionable risk analytics and governance to drive business results. The Senior Analyst will help to identify, assess and prioritize risks and develop methodologies and processes to measure and report such issues throughout the organization.  You will assist in the establishment of financial risk methodologies for Lincoln Financial with an emphasis will be on developing financial metrics, standards and frameworks based on different lenses (actuarial, capital markets) for analyzing risk-return trade-offs.
The development emphasis will be on extending from existing traditional actuarial accounting (statutory, GAAP) metrics to economic/capital market principles based metrics & tools to evaluate risk return trade-offs in core decisions (e.g. product development, investment management, asset liability management, capital management).

Responsibilities:

  • Produces timely, effective, and well-documented stochastic scenarios leveraging Moody’s Analytics Economic Scenario Generator, per requested guidelines and consistent with enterprise expectations
  • Assists in the build out of a model inventory, leveraging database architecture best practices and other programming languages and approaches
  • Replicates critical models for use as a model governance control as well as speed efficiencies and strategic analysis
  • Establishes effective working relationships throughout the organization, both at the corporate level and within the businesses.
  • Consults with Enterprise Risk Management leaders on strategic and risk related issues and problems
  • Helps identify, measure and communicate total enterprise risk issues
  • In conjunction with other risk management areas in the lines of businesses, helps develop, implement, monitor, and manage risk mitigation programs for the enterprise
  • Researches and prepares briefings on status of key projects and initiatives to senior leaders
  • Participates or leads workgroups by evaluating issues and problems of strategic significance to Lincoln Financial Group
  • Provides research and data analysis support and coordinates special projects
  • Assists in the calculation and aggregation of Economic Capital (EC) across all risks to determine the total EC for the organization and help develops analytics based on the results of the EC model to identify sources of change in EC and forecast the impact on EC from potential ALM, investing activities, and management actions
  • Implements process improvements, consistency, governance, controls, and oversight
  • Assists in the development of risk methodologies for Lincoln Financial based on actuarial and capital markets/economic principles
  • Develops robust capabilities for an end to end view on risks at the company
  • Helps to facilitate transition from existing approaches to newer approaches, and overcomes barriers to mindset change

Requirements:
Educational:

  • Bachelors degree is required, preferably in math, business or other quantitative field
  • ASA or FSA Required
  • Highly desirable:
    • Advanced degree in financial engineering
    • PhD level degree in a quantitative field
    • Chartered Enterprise Risk Analyst OR CFA designation
    • FRM/PRM/CQF designations

Experience:

  • 5-7+ years of financial analysis, engineering, capital markets, modeling, planning and forecasting
  • Relevant experience in enterprise wide risk management within financial services and/or insurance
  • Working knowledge of quantitative investment/derivative strategies and risk management
  • Relevant experience in life insurance industry and actuarial training a plus
  • Knowledge of techniques and tools in market, credit and operational risk management
  • Market consistent embedded value, or capital markets based insurance product development, risk management experience is valuable
  • Strong communication skills, ability to tailor message at the level of the recipient is required
  • Ability to communicate knowledgeably and credibly, both internally and externally, with strong written/verbal communications and excellent presentation skills
  • Strong interpersonal skills, engaging, approachable, with the ability to influence
  • High energy, self-motivated, with a high level of self-awareness
  • Critical thinker with an ability to analyze information and to evaluate the implications of a course of action or strategy
  • Understands the interdependencies of how people and organizations function, and can negotiate through complex political situations effectively
  • Finds common ground and can gain collaboration among management, colleagues and peers; can influence outcomes without directing or commanding.
  • Demonstrated excellent relationship management skills with internal clients; proven ability to develop creative and collaborative approaches to driving client-focused solutions which also benefits the company’s top and bottom lines
  • Ability to understand Lincoln Financial Group’s internal and external customers and address their needs
  • Computer skills:
    • Familiarity with VBA, C++, C#, JAVA, MatLab and other programming languages
    • MS Access, SAS or other data management packages
    • Microsoft Office Suite (Word, Excel, PowerPoint, & Outlook)
    • Other computer programming and software development skills a plus
    • Ability to contribute to and influence advances in ERM technology and approaches a plus
  • Successfully completes regulatory and job training requirements
  • Ability to work with others in a team environment
  • Makes a positive contribution as demonstrated by making suggestions for improvement, and learning new skills, procedures and processes #LI-CG1

 

 

 


This position may be subject to Lincoln’s Political Contribution Policy.  An offer of employment may be contingent upon disclosing to Lincoln the details of certain political contributions. Lincoln may decline to extend an offer or terminate employment for this role if it determines political contributions made could have an adverse impact on Lincoln’s current or future business interests, misrepresentations were made, or for failure to fully disclose applicable political contributions and or fundraising activities.
 

 

 






Job Details

Date Posted July 4, 2018
Date Closes August 3, 2018
Requisition 42141-en_US
Located In Radnor, PA
Department Risk Management
SOC Category 00-0000.00
Location