AVP, Market Risk & ALM and Hedging

Fortitude Reinsurance Company Ltd. (Fortitude Re) is one of the world’s leading providers of legacy reinsurance solutions. They work with the world’s leading insurance companies to help them execute comprehensive, transformational solutions for legacy Life & Annuity and P&C lines. Fortitude Re manages a general account of approximately $111 billion across life, annuity, and property & casualty insurance products. The company takes a long-term view on growth and is proud to be backed by a consortium of sophisticated institutional investors led by The Carlyle Group and T&D Insurance Group. Incorporated under the laws of Bermuda on January 1, 2017, Fortitude Re’s roots in the insurance industry and the experience of their leadership go back many decades. Fortitude Re’s leadership team has an average industry tenure of over 20 years, and an impressive track record of successfully managing the most complex legacy liabilities. Their deep insurance experience and proprietary risk modeling capabilities allow them to structure bespoke transactions that benefit both insurance companies and their policyholders. Fortitude Re continues to strengthen its ability to pursue further growth and provide innovative solutions for the global insurance industry.   Click here for more information about Fortitude Re.The Market Risk function, within Enterprise Risk Management, is responsible for overseeing market, liquidity, portfolio, and asset-liability management (ALM) risks across the organization’s investment portfolios and balance sheet. The function provides independent risk oversight of interest rate, credit spread, equity, foreign exchange, liquidity, and concentration exposures, as well as asset-liability alignment. The team is responsible for the development, enhancement, and governance of the economic capital framework related to the portfolio risks, ensuring appropriate measurement of risk exposures and alignment with capital adequacy and enterprise risk appetite objectives. The function also designs and executes stress testing, scenario analysis, and sensitivity testing frameworks to assess portfolio and balance sheet resilience under adverse market and liquidity conditions. This includes overseeing all aspects of the risk at Fortitude Life and Annuity Company (FLIAC). Through robust analytics, forward-looking risk assessments, and capital impact analysis, the team supports proactive risk identification and mitigation. The function partners closely with Investments, Actuarial, Finance, Capital Management, Treasury, and Credit Risk to ensure risks are effectively measured, monitored, and managed within the approved enterprise risk appetite, capital framework, and regulatory requirements, supporting informed decision-making and long-term balance sheet resilience. Position Summary The AVP, Market Risk and ALM and Hedging role is part of our growing Market Risk team under the Enterprise Risk Management function. In thi...