Grow your career with a growing organization

Whether they're helping people reach their long-term financial goals or providing personal wealth management strategies, every associate contributes to changing the lives of those we serve for the better. When it comes to job satisfaction, that's hard to beat. And from a personal satisfaction perspective, you'll enjoy the freedom to support causes that matter to you and experience a truly inclusive work environment. Your future starts now.

As a Director of Financial Risk Management, you will support the VP of Risk Management in providing oversight of the financial risk management processes of Empower, including Enterprise Risk Management, Asset Liability Management, and Capital Management. You'll lead a small team to identify and quantify current and emerging risks by leveraging and modernizing existing processes to protect the organization and our customers.

What you will do:

• Execute on financial risk management strategy to protect the organization, and our customers, from current and emerging risks
• Provide oversight of the financial risk management of Empower including market risk, credit risk, insurance risk, and model risk
• Ensure accurate and timely reporting of the risk profile, risk limits, risk budgets, and Own Risk and Solvency Assessment (ORSA)
• Collaborate with business leaders to manage the organization's capital position through regular projections of capital ratios (Risk-Based Capital, RBC) and ensuring efficient capital utilization and deployment
• Evaluate capital implications of business decisions and monitor regulatory developments affecting RBC and/or capital
• Provide oversight of the organization's Asset Liability Management (ALM) and hedge programs by reporting ALM positions, strategies, risks, and hedge effectiveness to the ALM Committee (ALCO) and other senior management committees
• Assess the organization's exposure to market risks and considerations for hedging. Provides recommendations to business leaders based on assessments
• Assist with new product initiatives and projects to ensure that financial risks are considered and appropriately mitigated as Empower grows through acquisitions or organically
• Conduct various activities related to enterprise model risk validation and model governance, including maintaining a model risk inventory
• Develop and manage relationships with functional leaders to ensure effective collaboration with all business units. Effectively challenge the first lines of defense and influence adoption of prudent risk practices and a strong risk management culture
• Manage small team of actuaries to ensure alignment to department priorities and further develop technical and business skills. Responsible for developing and supporting actuarial students as they pursue completion of actuarial exams

What you will bring:

• Bachelor's degree in Actuarial Science, Statistics, or Mathematics, or related field
• Minimum 7 years of relevant experience in risk, product, valuation, actuarial, or investment departments
• Experience at a financial service and/or life insurance company preferred
• Experience in Asset Liability Management, hedging, and /or capital management
• Fellow of the Society of Actuaries (FSA) and/or Chartered Enterprise Risk Analyst (CERA) designation preferred

What will set you apart:

• Strong risk management knowledge that is easily shared with peers
• Ability to consult and present to executive leadership on technical subject material
• Has developed conceptual and practical expertise in risk management
• Advanced proficiency in MS Office including Excel, PowerPoint, and VBA
• Excellent interpersonal skills and well-developed management and supervisory skills

***Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time, including CPT/OPT.***

What we offer you

We offer an array of diverse and inclusive benefits regardless of where you are in your career. We believe that providing our employees with the means to lead healthy balanced lives results in the best possible work performance.

• Medical, dental, vision and life insurance
• Retirement savings - 401(k) plan with generous company matching contributions (up to 6%), financial advisory services, potential company discretionary contribution, and a broad investment lineup
• Tuition reimbursement up to $5,250/year
• Business-casual environment that includes the option to wear jeans
• Generous paid time off upon hire - including a paid time off program plus ten paid company holidays and three floating holidays each calendar year
• Paid volunteer time - 16 hours per calendar year
• Leave of absence programs - including paid parental leave, paid short- and long-term disability, and Family and Medical Leave (FMLA)
• Business Resource Groups (BRGs) - internal networks that rally around common interest, experiences and identities such as race, ethnicity, gender, ability, military status and sexual orientation. BRGs play a vital role in educating and engaging our people and advancing our business priorities.

Base Salary Range

The salary range above shows the typical minimum to maximum base salary range for this position in the location listed. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation offered may vary from posted hiring range based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.

Equal opportunity employer * Drug-free workplace

We are an equal opportunity employer with a commitment to diversity. All individuals, regardless of personal characteristics, are encouraged to apply. All qualified applicants will receive consideration for employment without regard to age (40 and over), race, color, national origin, ancestry, sex, sexual orientation, gender, gender identity, gender expression, marital status, pregnancy, religion, physical or mental disability, military or veteran status, genetic information, or any other status protected by applicable state or local law.

***For remote and hybrid positions you will be required to provide reliable high-speed internet with a wired connection as well as a place in your home to work with limited disruption. You must have reliable connectivity from an internet service provider that is fiber, cable or DSL internet. Other necessary computer equipment, will be provided. You may be required to work in the office if you do not have an adequate home work environment and the required internet connection.***

Job Posting End Date: