Actuarial Investment Strategist, Vice President I

1 month ago

Boston, United States State Street Corporation Full time
About State Street
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

Our promise to maintain an environment where every employee feels valued and is given equal opportunities to meet their full potential regardless of their identity, origin or gender infuses our day-to-day efforts. It's also part of our commitment to inclusion, development and engagement, and corporate social responsibility. Join us.

At State Street Global Advisors, our mission is to invest responsibly to enable economic prosperity and social progress. Our vision is to be the first investment call for every institutional investor and financial intermediary.

In order to achieve SSGA's Mission and Vision, our Investment Solutions Group will drive delivery of a robust mix of innovative solutions to our clients, while delivering a best-in-class service experience within a culture that values diversity, collaboration, and learning.

Who we are looking for
We are looking for an energetic professional to be an Actuarial Investment Strategist in our Outsourced Chief Investment Officer (OCIO) group. Based in Boston, the Actuarial Investment Strategist will serve in an investment advisory capacity for OCIO clients. The Investment Strategist team is part of State Street Global Advisors' Investment Solutions Group ("ISG"), a global multi-asset class solutions team. This position reports to the managing director, Head of OCIO Investment Strategy - Investment Solutions Group.

You should have U.S actuarial credentials and a confirmed ability to analyze and oversee client liabilities, quantitative and qualitative valuations, risk analysis, reporting and link to client strategic asset allocation and total portfolio. Proven actuarial and defined benefit (DB) subject matter expertise to support various initiatives and services, including development of liability driven investing models, de-risking glide paths and other asset - liability management analytic services is required. In addition, the candidate will also lead the liability assessment, spending analysis and stochastic modeling for our VEBA, NDT, Endowment & Foundation and Healthcare client channels. You will work closely with senior OCIO investment strategists and relationship personnel to evaluate, design, and monitor liability based solutions for institutional clients; incorporating capital market assumptions, asset class and liability characteristics, and funding policy into a clear-cut and executable program. Just as important, you will have the proven ability to listen, evaluate, and incorporate client objectives into the strategic asset allocation plan and communicate with internal and external partners on complex investment activities in a clear and concise way.

As a member of our Investment Strategist team, you will also collaborate with our manager research team (in public and private markets) in the portfolio construction design process. In a client facing capacity you will partner with our OCIO relationship managers and interface regularly with client investment committees and staff as part of the overall investment portfolio and performance review.

Responsibilities and Expectations:
  • Collaborate with client OCIO Relationship Managers to address any client strategic asset allocation issues, concerns, and opportunities
  • Consult with clients on funding and de-risking policies, liability driven asset allocation and glide-path development
  • Help develop long term (5+ years) customized client strategic asset allocation plans
  • Participate actively in the preparation and presentation of client deliverables and new client opportunities
  • Assess and communicate impact of current legal and regulatory environment on investment strategies for DB plans

Position Requirements:
  • ASA, FSA, or EA designation. Knowledge of pension actuarial formulas, methods, stochastic forecasting and valuations.
  • Knowledge and expertise with US defined benefit plan design, Asset Liability Modeling (ALM) studies, pension risk management and forecasting. UK and Canadian pension liability and actuarial modeling is also desirable.
  • Experience working with Moody's Analytics Pfaroe platform, DB and E&F modules, or comparable platforms is a plus.
  • Demonstrate initiative and work independently; aptitude to self-direct and set priorities in a fast-paced environment
  • Highly organized, meets deadlines, with a strong attention to detail
  • Strong communication skills: verbal, written and presentation; ability to effectively communicate recommendations and rationale to internal parties and clients as well as demonstrated ability to influence outcomes
  • Build and maintain professional relationships with internal and external parties
  • Thrives in business building environment with changing priorities
  • Self-motivated individual with intellectual curiosity, high energy level, strong work ethic and demonstrated personal and professional integrity

Are you the right candidate? Yes

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

About State Street Global Advisors

What We Do. As the asset management arm of State Street Corporation, State Street Global Advisors has served the world's governments, institutions and financial advisors for over four decades. With a rigorous, risk-aware approach built on research, analysis and market-tested experience, we build from a breadth of active and index strategies to create cost-effective solutions. As stewards, we help portfolio companies see that what is fair for people and sustainable for the planet can deliver long-term performance. And, as pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest. As a result, we have become one of the world's largest asset managers with trillions of dollars under our care.

Our Mission. At State Street Global Advisors our mission is to invest responsibly to enable economic prosperity and social progress. We are driven by a desire to help our clients, and those who rely on them, achieve a better future. We have a long history of developing innovative investment strategies to provide our clients with reliable and transparent returns, cost-effectively, and without excessive risk.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to Flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you. State Street is an equal opportunity and affirmative action employer.

Company: State Street Global Advisor

Salary Range:
$110,000 - $185,000 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Job Application Disclosure:
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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