Student or Entry-Level Job

Risk Investments Associate

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Liberty Mutual Insurance
Boston, MA
Application Deadline: No Deadline
Position: Full-time, Paid

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Risk Investments Associate-50891 Description Team The Risk Management team is part of the Investment Department and is located in Boston, Massachusetts, and reports into the head of Risk Management. The team's objective is to improve the decision making process within the Investment Department and Liberty Mutual Group by providing appropriate analysis, information and recommendations to our "clients". Our internal "clients" include various Boards within the Liberty Mutual Group, the Chief Executive Officer, the Chief Investment Officer, portfolio managers and other Investment Department staff, the Chief Financial Officer and other Financial Department staff and other members of the Liberty Mutual Group. Our "external" clients include investors, rating agencies and regulators. The team is currently comprised of an Investment Officer and an Investment Analyst. The Risk Management team is a key and high-profile part of the investment process. The team is responsible for investment risk management across asset classes as well as providing innovative investment solutions to various business needs. These solutions involve the ability to leverage proprietary risk management expertise to all aspects of the investment process ranging from asset/liability modeling to strategic and active asset allocation portfolio management. The Head of Risk Management is expected to work informally with staff in each asset class to reinforce the risk management culture. Job Summary Objectives The Risk Associate will be responsible for measuring and helping manage market risks to maximize portfolio return/risk subject to portfolio specific client constraints as well as the company's overall investment strategy. He/she will work closely with the portfolio managers to ensure that best practices are shared and incorporated into portfolio strategy and investment operations, as well as work on specific problems, develop tools, expand knowledge and manage the development, implementation and application of improved risk management practices. · Incorporate industry-best, as well as company-best risk management into the individual portfolio strategies and company-wide strategies · Advocate company risk management policies to the portfolio managers · Increase use of empirical finance techniques at company · Assist in developing and running proprietary risk management models · Assist the company in anticipating, measuring and hedging market risks · Share knowledge of market and credit risk management vehicles and their appropriate uses Qualifications:Desired Skills Experience
  • Knowledge and experience with securities/capital markets industry
  • Strong analytical and problem solving skills and the ability to apply them to develop solutions to a range of investment problems
  • Ability to design, construct and maintain sophisticated Excel spreadsheets (including working knowledge of Visual Basic and macros)
  • Ability to work as part of a team and take projects from inception through implementation including: defining specifications, technical development, testing, training and communications
  • Familiarity with financial engineering concepts such as financial risk management, options pricing theory, and securities valuation methodologies
  • Strong communication/interpersonal skills, and the ability to interact with a variety of investment and support professionals (i.e. portfolio managers and analysts as well as information technology, operations and accounting staff)
  • Ability to work on a variety of concurrent assignments and to meet time deadlines for on-going responsibilities, while working on longer-term projects or accepting ad-hoc assignments from senior staff members
  • Successful candidates will possess an excellent academic background, intellectual curiosity, attention to detail and the ability to learn quickly
Education Qualifications
  • Degree in finance, economics, business, or a quantitative field such as mathematics, science or engineering. Progress toward CFA preferred
  • Experience with analytical investment applications focused on risk management and return attribution such as BlackRock Aladdin, Yield Book, Lehman Point, CMS BondEdge or Barra
  • One to three years of relevant industry experience
Benefits: We recognize that talented people are attracted to companies that provide competitive pay, comprehensive benefits packages and outstanding advancement opportunities. For this reason we offer a Comprehensive Benefits Plan that includes the following:
  • 401K and Company paid pension plan
  • Medical coverage
  • Dental coverage
  • Paid time-off
  • Pay-for-Performance
  • Discounts on automobile and homeowner's insurance
  • Discount fitness memberships
  • Flexible spending accounts
  • Tuition reimbursement
  • Vision care coverage
  • Work/Life resources
  • Credit Union membership
  • Employee and Dependent life insurance
  • Disability insurance
  • Long-term care insurance
Overview: We believe strongly that commercial success can be achieved in a manner consistent with principles and ideals that bind us together as one company, that set us apart from our competitors, and that in the end will allow us to say we have succeeded commercially by doing the right thing the right way. We believe that the Company's success is inextricably linked to our employees' satisfaction and success: satisfaction that they work for an industry leader committed to improving safety, satisfaction that they work for a company that does the right thing, and satisfaction that the company will reward them for their contributions and provide opportunities for personal growth and success. We believe our employees take pride in knowing that they help people live safer more secure lives everyday. Responsibility. What's your policy? Job Investments Primary Location US-MA-Boston Schedule Full-time Salary (Pay Basis) 61,300-76,600 Education Level Bachelor's Degree (±16 years) Shift Day Job Travel Yes, 10 % of the Time

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