Director, Guaranteed Investment Contracts, Institutional Markets at Corebridge Financial in New York, NY

Job description

Who We Are At Corebridge Financial, we believe action is everything. That’s why every day we partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow. We align to a set of Values that are the core pillars that define our culture and help bring our brand purpose to life: We are stronger as one: We collaborate across the enterprise, scale what works and act decisively for our customers and partners. We deliver on commitments: We are accountable, empower each other and go above and beyond for our stakeholders. We learn, improve and innovate: We get better each day by challenging the status quo and equipping ourselves for the future. We are inclusive: We embrace different perspectives, enabling our colleagues to make an impact and bring their whole selves to work. About the role Works within our Institutional Markets line of business, reporting directly to the Managing Director of our Guaranteed Investment Contracts team. Responsibilities This role will be responsible for managing the ~$18 billion GIC business, which includes executing deals (average deal size is between $500 million to $1 billion), managing bank relationships across approximately 25 different top tier banks, evaluating economics and risk positions, developing complex analytical models to project net interest margin and profitability of business, and overseeing investment portfolios asset allocations and risk metrics for entire book of business. Manage the GIC Program for all FABN trade execution to meet increasing multi-billion annual targets. Responsible for planning issuances, trade execution, trade documentation and settlement. Management of program also includes development of new markets and currencies to broaden diversification of issuance as continue to grow book and responsibility for maintaining strong bank relationship with credit facility and other key relationship banks in strong partnership with Treasury team. In force management of ~$18 billion GIC portfolio including working with Data Management and Finance teams to develop Complex Financial Models and Reporting for Product Profitability, NII Projections and Financial Analysis to be presented to Executive Management Develop and execute FABN and new market investor relations strategy. Work with key relationship banks to develop strategy, manage the preparation of IR materials, handle communications and coordination with Investor Relations team. Support new market/new product research, development and drafting of materials for executive approvals Skills & Qualifications Bachelor's degree 3-5 years of experience Debt Capital Markets experience is a plus Master’s degree or an MBA is preferred. Experience with fixed income markets and/or securities issuance preferred. Knowledge of Python, Power BI and/or Excel Macros for financial modelling is preferred. Proficient at financial analysis and strong quantitative skills. Compensation The anticipated base salary range for this position is $150,000 to $175,000 at the commencement of employment. Not all candidates will be eligible for the upper end of the salary range. The actual compensation offered will ultimately be dependent on multiple factors, which may include the candidate’s geographic location, skills, experience and other qualifications. In addition, the position is eligible for a discretionary bonus in accordance with the terms of the applicable incentive plan. Corebridge also offers a range of competitive benefits as part of the total compensation package, as detailed below. Work Location This position is based in Corebridge Financial’ s New York office or Woodland Hills, CA office and is subject to our hybrid working policy, which gives colleagues the benefits of working both in an office and remotely. Estimated Travel May include up to 25% Why Corebridge? At Corebridge Financial, we prioritize the health, well-being, and work-life balance of our empl