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Sr. Quantitative Fixed Income Risk Solutions Manager
NPAworldwide Recruitment Network
NPAworldwide Recruitment Network
How to Apply:

Job Location: Pasadena, CA

Job #: 45581
Title: Sr. Quantitative Fixed Income Risk Solutions Manager
Job Location: Pasadena, California - United States
Remote Job: Unknown
Employment Type:
Salary: contact recruiter for details
Other Compensation: 100,000
Employer Will Recruit From: Nationwide
Relocation Paid?: Yes


The Client Solutions team partners with our clients to help them address their unique investment needs. Areas of focus include regulatory capital, asset allocation, asset-liability matching (ALM), liability-driven investing (LDI), portfolio construction and optimization, tail risk hedging, and portfolio analytics.

Housed within the Risk Management and Quantitative Solutions (RMQS) department, our team leverages the firms intellectual capital and resources globally to serve our clients. We work closely with the Client Service (CS) and Investment Management (IM) teams to provide investment insights and craft bespoke portfolio solutions. We cover all regions globally and all client channels, with an emphasis on insurance and pensions; as such, a deep understanding of the characteristics of liabilities of insurers and pensions, and how to value them, is highly desired for this position.


  • Support the Strategic Insurance Initiative, analyzing the risk characteristics of books of insurance businesses, supporting the portfolio construction process to match assets to liabilities, helping evaluate books of insurance business, and partnering with the Strategic Insurance Initiative team in the valuation of different business ventures.
  • Support the Insurance channel as both risk manager and a Client Solutions Manager, working on a variety of projects for clients and conducting risk analyses
  • Understand insurance regulatory frameworks, especially NAIC, given the undergoing Strategic Insurance Initiative
  • Support the construction of capital-efficient portfolios under different insurance regulatory regimes, given the global reach of Western Asset and the global nature of our clients. Examples are regulatory capital requirements under K-ICS, Taiwan RBC, Solvency II for BOLI portfolios, and other regimes
  • Have proficiency in differences of liabilities patterns of different types of insurers, and interact with actuaries to understand the nature of liabilities in order to analyze surplus risk both from a center and a tail of distribution viewpoints under the available tools. Develop the appropriate tools as necessary
  • Interact with other members of the RMQS department, CS and IM teams across the globe
  • Manage the investment risk of primarily insurance and LDI portfolios, using Western Assets proprietary risk system WISER, and conduct client presentations representing independent risk management
  • Contribute to the construction of portfolios that support liabilities over time while incorporating other objectives and constraints
  • Develop asset allocation studies for Client Service, interacting with different business channel heads and Client Service Executives
  • Contribute to the portfolio construction and optimization processes
  • Develop analysis of hedging strategies to mitigate different types of risks, including tail risks
  • As risk manager, conduct periodic risk reviews of client portfolios with Western Assets CS and IM teams, and ultimately with our clients
  • Leverage the tools and models of the RMQS department, including Western Assets proprietary risk system, WISER, to provide analysis and insights to our clients
  • Assist in the production of customized presentation materials
  • Interact with the Information Technology department on issues related to automation of different tools developed by the RMQS department
  • Stay on top of leading-edge financial research
  • Represent Western Asset and the Client Solutions team in client meetings and external forums.

  • A PhD or Masters degree in a quantitative field such as Econometrics, Finance with a heavy focus on asset-liability management, or Actuarial Sciences, as well as close to 10 years of relevant work experience, possibly in an insurance company, asset manager working with insurers, or related environment.
  • Strong verbal and written communication skills
  • Attention to detail
  • Working knowledge of fixed income
  • Strong quantitative and analytical reasoning skills
  • Familiarity with third-party analytics systems such as Yield Book, POINT, or Bloomberg
  • Demonstrated skill in one or more programming languages such as Excel/VBA, SQL, C++, Python, or R
  • A strong desire to work in a team-oriented and client-focused environment

University - Bachelor`s Degree/3-4 Year Degree

How to Apply:

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