AIG

VP, Enterprise Risk Management – Structured Products and Real Estate Credit Risk Oversight

AIG

full-time

Posted on:

Origin:  • 🇺🇸 United States • California

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Salary

💰 $200,000 - $275,000 per year

Job Level

Lead

About the role

  • Provide independent oversight of structured products and real estate, as well as support the Head of Credit Risk Oversight in overseeing firm-wide credit risk management.
  • Maintain deep investment product knowledge and thorough understanding of market trends and regulations to identify potential risks and undue concentrations.
  • Ensure appropriate credit risk governance framework, policies, and procedures are in place that align with management’s expectations, regulatory requirements, and best practices.
  • Leverage expertise to assess creditworthiness and risk of potential transactions exceeding transaction guidelines, monitor Watch List credits, and evaluate impairment analyses and memoranda.
  • Contribute to the preparation of quarterly credit risk reports for senior management, including the Credit Watch List report.
  • Analyze data to identify trends and insights to support risk management decisions.
  • Collaborate closely with Risk Analytics on the development of risk models and scenarios for calculating internal capital, conducting stress testing, etc.
  • Interpret model outputs and validate risk results related to structured product analytics (e.g., default/loss assumptions, tranche cash flows, deal structures).
  • Develop risk reports to capture material changes, concentrations and emerging risks; communicate key findings to senior leadership.
  • Collaborate with IT and development teams to enhance analytical tools and systems.

Requirements

  • Bachelor’s degree in Finance, Economics, Business, or a related field (Master’s degree preferred).
  • 10+ years of experience in credit risk management field, preferably within banking, insurance or financial services industry.
  • Deep knowledge of investment products, particularly structured securities (e.g., CMBS, RMBS, CLOs, ABS, etc.), commercial and residential real estate debt, complex transactions, and alternatives.
  • Proficiency in financial modeling, quantitative analysis, and risk assessment methodologies, as well as solid knowledge of financial markets, economic indicators, and regulatory frameworks.
  • Strong technical skills, including software proficiency, data analysis, and project management.
  • Exceptional analytical and communication skills, both written and oral, with attention to detail, and ability to interpret and effectively present strategic vision, expectations, and results from analyses to key stakeholders.
  • Proven ability to challenge constructively and influence decision-making.
  • Focus on results and accountability while connecting to the bigger picture.
  • Strong working knowledge of US insurance business, product features, and risks.
  • Strong team player with demonstrated success working in cross functional collaborative teams and interfacing with external investment managers.
  • Familiarity with credit portfolio modeling and data management tools.
  • Experience with credit data and exposure management systems a plus.
  • Experience preparing presentation materials and delivering presentations to senior management.
  • Familiarity with data visualization tools (MicroStrategy, Power BI) a plus.