Associate II, Risk Analyst
Protective Life · United States
- Hybrid
- Full-time
- $85,000 / year
- United States
Job highlights
- Analyze investment, market, and capital risk.
- Develop quantitative risk models using AI.
- Collaborate with finance, investments, and pricing teams.
- Support strategic initiatives and risk reporting.
- Utilize advanced Excel for data analysis.
About the role
About Protective Life
The work we do has an impact on millions of lives, and you can be a part of it. We help protect our customers against life’s uncertainties. Regardless of where you work within the company, you’ll be helping provide protection and peace of mind when our customers need it most.
About the Enterprise Risk Management (ERM) Team
The Enterprise Risk Management (ERM) team is responsible for management, monitoring, reporting, and oversight of risk on an enterprise level. The agile structure of the ERM team allows individuals to gain exposure to different functional areas and develop a broad understanding of risks to which the company is exposed and which the company must navigate.
Role Overview: Risk Analyst Associate II
This position will be responsible for supporting research and development of leading-edge quantitative risk models and practices. In this role, you will work collaboratively with different functional areas of the organization, touching on all aspects of investment, market, and capital risk. The position will require the right mix of technical and communication skills, alongside significant interaction and partnership expected with key areas such as Inforce Projections, Valuation, Pricing, ALM, Investments, and Finance.
Key Responsibilities:
- Expand and enhance processes and models for the efficient measurement and monitoring of investment, market, and capital risk.
- Research and leverage AI to build advanced analytical techniques to examine and derive risk insights, metrics, and attribution.
- Expand understanding of the company’s financials under different accounting and capital regimes, product mixes, and investment strategies.
- Develop and enhance processes to support risk reporting on the company’s Strategic Risk Appetite.
- Produce thoughtful, accurate analysis to support all strategic and tactical Enterprise initiatives, including large-scale portfolio trades, M&A, reinsurance, strategic business partnerships, stress-testing, and quantitative model reviews.
- Work with Inforce Projections, Valuation, Pricing, ALM, Investments, and Finance teams on any relevant projects.
Qualifications:
- Undergraduate degree in a quantitative business discipline such as finance, economics, or accounting.
- 2-4 years’ experience in financial services is required; insurance preferred.
- Understanding of asset-liability matching principles.
- Understanding of risk/return relationships of fixed income asset classes and how economic indicators such as inflation and interest rates impact such assets.
- Strong analytical and critical-thinking skills with the ability to work with large and complex data sets.
- Knowledge of accounting principles and financial statements both in reported financials and projection models.
- Strong problem-solving skills and the ability to explain results, both oral and written.
- Advanced Microsoft Excel proficiency, including complex formulas, pivot tables, and data analysis.
Employee Benefits:
Protective offers a comprehensive benefits package designed to protect the wellbeing of our employees and their families. This includes health, dental, and vision insurance, mental health benefits, and an employee assistance program. We also support work/life balance with various paid time away benefits, including paid time off, paid parental leave, short-term disability, and a cultural observance day. Financial wellbeing is supported through contributions to healthcare accounts, a pension plan, and a 401(k) plan with company matching. Employees can also engage in ProHealth Rewards for wellbeing activities and earn cash rewards. Eligibility for certain benefits may vary by position.
Accommodations for Applicants with a Disability:
If you require an accommodation to complete the application and recruitment process due to a disability, please email eric.hess@protective.com. This information will be held in confidence and used only to determine an appropriate accommodation for the application and recruitment process. Please note that this email is solely for individuals with disabilities requesting an accommodation. General employment questions should not be sent through this process.
Equal Opportunity Employer:
We are proud to be an equal opportunity employer committed to being inclusive and attracting, retaining, and growing an inclusive workforce.
AI in Hiring:
We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.
Key Skills/Competency:
- Risk Management
- Quantitative Analysis
- Financial Modeling
- Data Analysis
- Investment Risk
- Market Risk
- Capital Risk
- AI and Machine Learning
- Excel Proficiency
- Financial Services
Skills & topics
- Risk Analyst
- Financial Services
- Quantitative Analysis
- Risk Management
- Investment Risk
- Market Risk
- Capital Risk
- Data Analysis
- Excel
- Insurance
How to get hired
- Tailor your resume: Highlight your 2-4 years of financial services experience, emphasizing insurance if applicable, and showcase your quantitative degree and Excel skills.
- Showcase analytical skills: Quantify your achievements in previous roles, demonstrating your ability to work with complex data and solve problems effectively.
- Prepare for technical questions: Brush up on asset-liability matching, fixed income risk, and accounting principles relevant to insurance financial statements and projections.
- Demonstrate communication skills: Be ready to explain complex analytical results clearly, both orally and in writing, to various stakeholders.
- Understand the company: Research Protective Life's mission, values, and the ERM team's role in protecting customers.
Technical preparation
Behavioral questions
Frequently asked questions
- What is the salary range for the Risk Analyst Associate II position at Protective Life?
- The targeted salary range for the Risk Analyst Associate II position at Protective Life is $70,000 to $100,000 annually. The actual salary offered will depend on factors such as your job location, specific skills, and overall experience. This range is one part of Protective's total compensation package, which also includes various benefits.
- What specific experience is required for the Risk Analyst Associate II role at Protective Life?
- Protective Life requires candidates for the Risk Analyst Associate II role to have an undergraduate degree in a quantitative business discipline like finance, economics, or accounting. Additionally, 2-4 years of experience in the financial services industry is necessary, with a preference for candidates who have experience in insurance.
- What kind of analytical and technical skills are essential for a Risk Analyst Associate II at Protective Life?
- Essential skills for a Risk Analyst Associate II at Protective Life include strong analytical and critical-thinking abilities, proficiency in handling large and complex datasets, and excellent problem-solving capabilities. Advanced Microsoft Excel skills, including complex formulas and pivot tables, are also crucial. Knowledge of accounting principles and financial statements is important, as is the ability to explain results both verbally and in writing.
- Does Protective Life use AI in its hiring process for the Risk Analyst Associate II role?
- Yes, Protective Life may utilize AI tools to assist with parts of the hiring process, such as reviewing applications and analyzing resumes for roles like the Risk Analyst Associate II. However, these AI tools serve as support for the recruitment team and do not replace human judgment. All final hiring decisions are made by human personnel.
- What is the work arrangement for the Risk Analyst Associate II position at Protective Life?
- The job description does not explicitly state the work arrangement (on-site, hybrid, or remote) for the Risk Analyst Associate II position. Based on the emphasis on collaboration with various internal teams and the typical nature of risk analysis roles in financial services, it is likely an on-site or hybrid position. Further clarification would be needed from Protective Life.
- What are the key responsibilities of a Risk Analyst Associate II at Protective Life?
- The key responsibilities for a Risk Analyst Associate II at Protective Life include expanding and enhancing processes for measuring investment, market, and capital risk. This involves researching and leveraging AI for advanced analytics, understanding company financials under various scenarios, supporting risk reporting on strategic risk appetite, and producing analysis for strategic initiatives like M&A and stress-testing.
- What benefits does Protective Life offer to its employees?
- Protective Life offers a comprehensive benefits package that includes health, dental, and vision insurance, mental health support, and an employee assistance program. They also provide paid time off, paid parental leave, short-term disability, and cultural observance days for work-life balance. Financial wellbeing is supported through healthcare accounts, a pension plan, a 401(k) with company matching, and ProHealth Rewards for wellbeing activities.