Director, CICB Balance Sheet Risk Management

AIG

Director of CICB Balance Sheet Risk Management executing ALM and optimization strategies for Corebridge Insurance. Collaborating with actuarial and finance teams in a hands-on management role.

Posted 5/1/2026full-timeWoodland Hills • California, New York • 🇺🇸 United StatesLead💰 $170,000 - $200,000 per yearWebsite

About the role

Key responsibilities & impact

The Director is accountable for designing and executing CICB’s ALM and balance sheet optimization framework, with a primary focus on the liability side and its interaction with assets, hedging, and capital.
Consumes actuarial inputs (assumptions, cash flows, sensitivities) primarily produced by the Chief Actuary of CICB and her team, Translates those inputs into ALM analytics, optimization insights, and actionable balance sheet strategies.
Partners with asset and derivatives teams to design and evaluate asset allocation and hedging actions.
Build and maintain CICB’s asset-liability management framework, integrating liability cash flows, asset portfolios, derivatives, and capital constraints.
Convert actuarial liability projections into ALM-ready metrics (duration, convexity, key-rate exposure, liquidity profiles, optionality).
Develop ALM dashboards, analytics, and decision tools to evaluate balance sheet positioning across base and stressed environments.
Perform combined asset-liability cash flow testing, sensitivity analysis, and scenario modeling.
Analyze liability behavior (surrenders, utilization, longevity, interest-rate sensitivity) and assess implications for asset strategy, hedging, and liquidity.
Recommend balance sheet actions that improve earnings stability, capital efficiency, and alignment with risk appetite.

Requirements

What you’ll need

Actuarial credential: FSA (or international equivalent) strongly preferred.
10+ years of experience in ALM, balance sheet risk management, or actuarial roles with strong asset-liability integration.
Hands-on experience building ALM analytics, stress testing, and optimization frameworks.
Strong ability to partner with asset management, derivatives, and actuarial teams.
Clear, concise communicator with strong executive presence.
Preferred Bermuda insurance or reinsurance experience.
Exposure to reinsurance-supported balance sheet structures.
Experience with hedging programs for long-duration liabilities.
Familiarity with economic capital or Bermuda-style balance sheet frameworks.

Benefits

Comp & perks

Health and Wellness: We offer a range of medical, dental and vision insurance plans, as well as mental health support and wellness initiatives to promote overall well-being.
Retirement Savings: We offer retirement benefits options, which vary by location. In the U.S., our competitive 401(k) Plan offers a generous dollar-for-dollar Company matching contribution of up to 6% of eligible pay and a Company contribution equal to 3% of eligible pay (subject to annual IRS limits and Plan terms). These Company contributions vest immediately.
Employee Assistance Program: Confidential counseling services and resources are available to all employees.
Matching charitable donations: Corebridge matches donations to tax-exempt organizations 1:1, up to $5,000.
Volunteer Time Off: Employees may use up to 16 volunteer hours annually to support activities that enhance and serve communities where employees live and work.
Paid Time Off: Eligible employees start off with at least 24 Paid Time Off (PTO) days so they can take time off for themselves and their families when they need it.

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Hard Skills & Tools

ALM analyticsbalance sheet optimizationstress testingoptimization frameworksasset-liability managementsensitivity analysisscenario modelingliquidity profileshedging programsactuarial metrics

Soft Skills

clear communicationexecutive presencecollaborationanalytical thinkingstrategic recommendation

Certifications

FSA