THIS NOTICE IS BEING POSTED IN CONNECTION WITH THE FILING OF AN APPLICATION FOR PERMANENT ALIEN LABOR CERTIFICATION.  ANY PERSON MAY PROVIDE DOCUMENTARY EVIDENCE BEARING ON THE APPLICATION TO THE CERTIFYING OFFICER OF THE U.S. DEPARTMENT OF LABOR AT THE FOLLOWING ADDRESS:

U.S. Department of Labor

Employment and Training Administration

Office of Foreign Labor Certification

200 Constitution Avenue NW, Room N-5311

Washington, DC 20210

NOTICE OF FILING

MEAG New York Corporation seeks a Managing Investment Risk Analyst for its New York, NY location. Applicants interested in this role must apply through recruiting@munichre.com and reference job code: KH.

Duties: Accurately calculate and report ex-ante tracking errors for MEAG NY portfolios using the Bloomberg GRM and MAC3 risk model. Establish and maintain a seamless data feed from the holdings system SCD to Bloomberg. Validate portfolio risk exposures against their benchmarks and ensure tracking error figures are accurate. Identify discrepancies between risk model outputs and trading strategies, communicating any deviations or unexpected changes to portfolio managers and ensuring awareness of associated risks. Validate underlying assumptions about correlations and volatilities within the Bloomberg GRM and MAC3 risk model. Conduct research on risk model methodologies and assess plausibility for newly traded financial instruments. Analyze rates, credit, and structured product portfolios under various market scenarios to identify potential risks and opportunities. Ensure the correct representation of risk model results in reporting tools. Enhance existing reports and develop new tools to provide risk managers and portfolio managers with insights into portfolio risk. Ensure accurate and reliable risk analytics for all investment instruments and portfolios within internal holdings system SCD. This includes daily quality checks on risk analytics from SCD. Identify discrepancies or inconsistencies in data and analytics, troubleshoot issues, and propose solutions to ensure reliable analytics. Explain various risk measurement methodologies and the analytics processes for different financial instruments to stakeholders. Collaborate with system developers and analysts to ensure risk methodologies are properly implemented and integrated flawlessly into the analytics platform. Monitor MEAG NY’s counterparty exposures to ensure compliance with groupwide counterparty exposure limits.  This requires deep understanding of the credit rating system and loss recovery theory of the financial instruments. Coordinate the process for requesting and implementing counterparty limit increases as needed. Communicate effectively with relevant teams to implement risk reduction steps when exposures approach or exceed approved limits.

Requirements:  Bachelor’s degree in Financial Mathematics, Statistics, Economics/Finance or a closely related quantitative field plus 5 years of progressive, post-baccalaureate experience as an Investment Market Risk Analyst, Investment Quantitative Risk Analyst, Investment Credit Risk Analyst, or a closely related role in the insurance asset management field.  Alternatively, will accept Master’s in the same fields plus 3 years of work experience in the stated roles in the insurance asset management field. Prior work experience must include: Applied knowledge in advanced financial mathematics, statistical techniques, and financial risk models to build and interpret complex risk models; Ensuring relevant risk analytics for holdings are accurately reflected across systems, validating changes in risk analytics, assessing plausibility of deviations, identifying issues, and ensuring timely resolutions; Using Python, SQL, VBA and Spark; Developing and maintaining tools for monitoring and visualizing of risk exposures and conducting statistical time series analysis of financial data; Applied knowledge of Asset Management & Risk Management Tools such as SCD and Bloomberg (PORT, PRTU, PREP, GRM, MAC3); and, applied knowledge of risk frameworks for credit, market, liquidity and counterparty risk, as well as asset-liability management and expertise in regulatory frameworks such as Solvency II, Dodd-Frank, and IFRS 9. May telecommute but must have ability to report to New York, NY office 3 times per week. Requires 10% domestic and international travel. The base salary range anticipated for this position is $142,500 to $142,500 per year plus opportunity for company bonus based upon a percentage of eligible pay.  In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO). 40 hrs/wk; Qualified Applicants must send resumes to recruiting@munichre.com ref: KH. Direct applicants only.