Deputy Chief Investment Officer – General Account chez Equitable

%3Cp%3E%3Cspan style=%22font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3EAt Equitable, our power is in our people.%26nbsp;%3C/span%3E%3Cbr%3E%3Cbr%3E%3Cspan style=%22font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3EWe%27re individuals from different cultures and backgrounds. Those differences make us stronger as a team and a force for good in our communities. Here, you%27ll work with dynamic individuals, build your skills, and unleash new ways of working and thinking. Are you ready to join an organization that will help unlock your potential?%3C/span%3E%3Cbr%3E%26nbsp;%3C/p%3E%3Cp%3E%3Cspan style=%22font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3EEquitable operates in an agile environment across the entire organization, referred to as New Ways of Working. The Chief Investment Office is expanding its leadership team and searching for a Deputy Chief Investment Officer—a single, integrated leadership role encompassing strategic investment management, asset-liability oversight, and manager accountability.%3C/span%3E%3Cbr%3E%3Cbr%3E%3Cspan style=%22font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3EReporting to the Chief Investment Officer, the Deputy Chief Investment Officer – General Account will manage a team of 2 to 3 professionals, collaborating with business and asset class leaders to drive the evolution of our investment functions. This highly visible position will lead critical cross-functional initiatives, advocate for the company%27s investment and risk management principles, and provide independent perspectives supporting a long-term investment approach.%3C/span%3E%3C/p%3E%3Cp%3E%3Cspan style=%22color:blue;font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3E%3Cstrong%3ERole Summary %26amp; Responsibilities%3C/strong%3E%3C/span%3E%3Cspan style=%22font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3E:%3C/span%3E%3C/p%3E%3Cul%3E%3Cli%3E%3Cspan style=%22font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3E%3Cstrong%3EStrategic Asset Allocation %26amp; Product Strategy%3C/strong%3E: Develop and oversee asset allocation targets across all asset classes, informed by liability profiles and risk tolerance. Lead the development and implementation of product investment strategies, maintaining close relationships with business areas.%3C/span%3E%3C/li%3E%3Cli%3E%3Cspan style=%22font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3E%3Cstrong%3EAsset-Liability Management%3C/strong%3E: Ensure portfolio duration, cash flows, and risk characteristics are aligned with insurance liability obligations. Oversee ALM implementation, collaborating with stakeholders to guarantee strategic alignment.%3C/span%3E%3C/li%3E%3Cli%3E%3Cspan style=%22font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3E%3Cstrong%3EInvestment Policy %26amp; Compliance%3C/strong%3E: Create and maintain investment guidelines, establish risk limits, and ensure compliance with regulatory frameworks. Monitor policy adherence, aiming for zero violations of investment or regulatory requirements.%3C/span%3E%3C/li%3E%3Cli%3E%3Cspan style=%22font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3E%3Cstrong%3EEconomic Capital %26amp; Risk Optimization%3C/strong%3E: Maximize risk-adjusted returns while optimizing regulatory capital requirements (RBC, Solvency II). Oversee duration positioning, hedging strategies, and sensitivity analysis to manage interest rate risk.%3C/span%3E%3C/li%3E%3Cli%3E%3Cspan style=%22font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3E%3Cstrong%3EPortfolio Structuring %26amp; Manager Oversight%3C/strong%3E: Drive portfolio structuring to meet key company OKRs including yield, risk, and capital usage. Engage directly with affiliated asset managers, evaluating performance, conducting due diligence, and enforcing accountability across mandates and asset classes.%3C/span%3E%3C/li%3E%3Cli%3E%3Cspan style=%22font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3E%3Cstrong%3EPerformance Analysis%3C/strong%3E: Analyze portfolio performance drivers, validate returns against strategic objectives, and deliver rigorous attribution analysis with %26gt;90% explained variance. Ensure affiliated manager delivers benchmark targets with prudent risk management.%3C/span%3E%3C/li%3E%3Cli%3E%3Cspan style=%22font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3E%3Cstrong%3ERisk Monitoring %26amp; Market Intelligence%3C/strong%3E: Monitor portfolio risk characteristics, identify emerging risks, and provide independent market analysis and investment opportunity assessment. Lead specialized knowledge teams to validate manager decisions and uphold institutional-grade due diligence.%3C/span%3E%3C/li%3E%3C/ul%3E%3Cp%3E%3Cspan style=%22color:blue;font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3E%3Cstrong%3EAccountabilities%3C/strong%3E%3C/span%3E%3Cspan style=%22font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3E:%3C/span%3E%3C/p%3E%3Cul%3E%3Cli%3E%3Cspan style=%22font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3ERegulatory Capital Efficiency: Target improvement in capital ratios annually%26nbsp;%3C/span%3E%3C/li%3E%3Cli%3E%3Cspan style=%22font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3EAsset-Liability Mismatch: Maintain duration gap within ±1 year of target matching.%3C/span%3E%3C/li%3E%3Cli%3E%3Cspan style=%22font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3EStrategic Performance: Deliver asset allocation decisions generating [5-10+] basis points annual outperformance.%3C/span%3E%3C/li%3E%3Cli%3E%3Cspan style=%22font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3EPolicy Compliance: Zero violations of investment guidelines or regulatory requirements.%3C/span%3E%3C/li%3E%3Cli%3E%3Cspan style=%22font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3EInterest Rate Protection: Limit earnings volatility from rate movements to acceptable ranges.%3C/span%3E%3C/li%3E%3Cli%3E%3Cspan style=%22font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3ECapital Allocation ROI: Demonstrate 15%+ risk-adjusted return on allocated capital across asset classes.%3C/span%3E%3C/li%3E%3Cli%3E%3Cspan style=%22font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3EManager Performance Validation: Ensure affiliated asset managers meet benchmarks and risk standards.%3C/span%3E%3C/li%3E%3Cli%3E%3Cspan style=%22font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3EDue Diligence Quality: Maintain investment evaluation standards across all asset classes.%3C/span%3E%3C/li%3E%3Cli%3E%3Cspan style=%22font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3ERisk Parameter Compliance: Enforce risk limits and concentration guidelines.%3C/span%3E%3C/li%3E%3Cli%3E%3Cspan style=%22font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3EPerformance Attribution: Deliver accurate portfolio analysis with %26gt;90% explained variance in results.%3C/span%3E%3C/li%3E%3Cli%3E%3Cspan style=%22font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3ECost-Effective Oversight: Provide independent validation without duplicating manager capabilities.%3C/span%3E%3C/li%3E%3Cli%3E%3Cspan style=%22font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3EInvestment Quality: Prevent losses through rigorous screening and ongoing portfolio monitoring.%3C/span%3E%3Cbr%3E%3Cbr%3E%3Cbr%3E%3Cspan style=%22font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3E%3Cspan data-teams=%22true%22%3EThe base annual salary range for this role is %24275,000 - %24350,000.%26nbsp; In addition to base pay, Equitable provides compensation to reward performance with base salary increases, spot bonuses, and short-term incentive compensation opportunities. Eligibility for these programs depends on level and functional area of responsibility.%3C/span%3E%3Co:p%3E%3C/o:p%3E%3C/span%3E%3C/li%3E%3C/ul%3E%3Cp class=%22MsoNormal%22%3E%3Cspan style=%22font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3E%3Co:p%3E%3C/o:p%3E%3C/span%3E%3C/p%3E%3Cp class=%22MsoNormal%22%3E%3Cspan style=%22font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3EFor eligible employees, Equitable provides a full range of benefits. This includes medical, dental, vision, a 401(k) plan, and paid time off. For detailed descriptions of these benefits, please reference the link below.%3Co:p%3E%3C/o:p%3E%3C/span%3E%3C/p%3E%3Cp class=%22MsoNormal%22%3E%3Cspan style=%22font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3E%3Co:p%3E%3C/o:p%3E%3C/span%3E%3C/p%3E%3Cp class=%22MsoNormal%22%3E%3Cspan style=%22font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3EEquitable Pay and Benefits:%26nbsp;%3C/span%3E%3Ca target=%22_blank%22 rel=%22noopener noreferrer%22 href=%22https://portal.equitable.com/appentry/EDoxRedirect?node_id=A2023013000001%22%3E%3Cspan style=%22font-family:Arial, Helvetica, sans-serif;font-size:16px;%22%3EEquitable Total Rewards Program%3C/span%3E%3C/a%3E%3C/p%3E

A successful candidate must be skilled at working in a matrixed organization and have an established track record for building alignment and executing the work across multiple teams.  Additional experience and skills that will enable candidate success include:

• Proven experience in portfolio structuring, communication of goals and tactics, ongoing monitoring of portfolio activities
• Demonstrated experience creating and leading engaging presentations for senior management/Board level meetings
• Experience leveraging third party relationships required
   

Skills

Asset and Liability Management (ALM):  Advise portfolio managers and ALM committees on managing risk-return profiles of portfolios and products. Leads discussions on the rationale for modifying or switching asset liability portfolio risk management strategies. Predicts the future trends and developments in asset and liability management. Develops ALM portfolio and risk management strategies for unique, complex, and risky situations. Proposes alternative strategies to achieve desired and optimal ALM risk-return profiles.

Business Acumen:  Influences the manner in which business decisions are made through utilization of economic, financial, and organizational data to build business cases for major initiatives.

Effective Communication:  Communicates effectively with diverse audiences, using appropriate media and language. Ensures important messages are clearly understood. Coaches others on methods of improving their own communications.

Portfolio Management:  Develops innovative portfolio management strategies for unique situations. Contributes to the development of new portfolio instruments and the evaluation of their validity and relevance. Designs portfolio management processes and best practices.

ABOUT EQUITABLE 

At Equitable, we’re a team committed to helping our clients secure their financial well-being so that they can pursue long and fulfilling lives.

We turn challenges into opportunities by thinking, working, and leading differently – where everyone is a leader. We encourage every employee to leverage their unique talents to become a force for good at Equitable and in their local communities.

We are continuously investing in our people by offering growth, internal mobility, comprehensive compensation and benefits to support overall well-being, flexibility, and a culture of collaboration and teamwork.

We are looking for talented, dedicated, purposeful people who want to make an impact. Join Equitable and pursue a career with purpose. 

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Equitable is committed to providing equal employment opportunities to our employees, applicants and candidates based on individual qualifications, without regard to race, color, religion, gender, gender identity and expression, age, national origin, mental or physical disabilities, sexual orientation, veteran status, genetic information or any other class protected by federal, state and local laws.

NOTE: Equitable participates in the E-Verify program.

If reasonable accommodation is needed to participate in the job application or interview process or to perform the essential job functions of this position, please contact Human Resources at (212) 314-2211 or email us at [email protected].

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