Corporate Vice President - Structured Finance

Location Designation:Hybrid - 3 days per week

As part of Risk Management, you'll play a pivotal role in safeguarding New York Life's strategic goals. By analyzing and mitigating potential risks, you contribute to three crucial areas: strengthening the company's defenses, informing sound business decisions, and advancing risk capabilities across the organization. Your expertise empowers informed risk-taking, fostering sustainable growth and protecting the financial security of millions of policy owners.

Job Overview:

New York Life is seeking a Corporate Vice President with experience in Structured Finance fundamental and quantitative credit risk analytics. This position will play a key role in leading, oversight and supporting our 2nd Line Credit Risk Management team in developing, enhancing, and maintaining NYL's Structured Finance credit risk analytical framework and infrastructure. The role will work closely with our 1st Line Credit team members and NYL Investor partners to develop various credit risk metrics, limit framework, early warning indicators, stress testing of the portfolio, climate risk modeling, risk return optimization analysis and generate dashboards/reports that draw valuable insights and continuously monitor and enhance our program to provide a fresh look into our risk exposures and top risks of one or more Structured Finance major asset classes such as RMBS, CMBS, ABS, RML, and CLOs. The candidate will lead credit risk identification, quantification and reporting of risk metrics and credit portfolio risk mitigation strategies particularly as it relates to Structured Finance exposures.

What You'll Do:

• Enhance and maintain framework for the oversight of fundamental and quantitative credit risk modeling and analytics of New York Life General Account Structured Finance portfolio.
• Review and enhance modeling tools and run sensitivity analysis.
• Partner with credit quantitative analytics team and NYL Investor asset sectors as needed for top counterparty analysis, Capital Factors, Credit default, risk return optimization, new transactions, and Investment plan analysis.
• Analyze credit quality of collateral pools, review models, performance, macroeconomic and sector factors.
• Conduct stress testing of the structured finance portfolio.
• Design and Build Structured Finance asset classes credit early warning system.
• Monitor ongoing credit risk of the NYL investor General Account portfolio.
• Conduct risk review of existing and new transactions as appropriate.
• Partner with asset sectors for internal rating review and validation
• Support management for the preparation various credit risk dashboard and reporting.
• Assist in the development, Review, and recommendation credit risk limits.
• Prepare presentations for Senior Leadership Committees to highlight findings and key issues as they arise.

What You'll Bring:

• 10+ years of risk management experience with specific background in structured finance modeling, data and fundamental credit risk analytics or equivalent investment experience
• Experience with credit analysis and valuation of structured finance (ABS, CMBS, RMBS, etc.), RML, real estate, and corporate securities
• Relationship management expertise
• Strong verbal, written communication and partnering skills.
• Ability to prioritize multiple tasks in a fast paced, changing environment.
• Undergraduate degree required; advanced degree preferred.
• Proven ability to solve complex risk management problems.
• Experience with rating agencies or similar investment experience preferred.
• Team player who can adapt to changing priorities.
• Experience with Intex, Intex Link, Aladdin platform, Moody's SAV tools preferred
• Strong Excel, SQL database and Power Point skills
• Strong interpersonal, relationship management, communication, writing and organizational skills.
• Ability to think strategically and apply problem solving skills.
• Demonstrated delivery of high-quality results within expected timelines
• Team player who is collaborative but also can lead, drive initiatives and can adapt to changing priorities.

Pay Transparency

Salary Range:$137,500-$237,500

Overtime eligible:Exempt

Discretionary bonus eligible:Yes

Sales bonus eligible:No

Actual base salary will be determined based on several factors but not limited to individual's experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.

Our Benefits

We provide a full package of benefits for employees - and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.

Our Diversity Promise

We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture. Click here to learn more about how we have been recognized for our leadership.

Recognized as one of Fortune's World's Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by theFoundation.We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.

Job Requisition ID:91632