Planning and Strategy Consultant, Capital & Investment Risk, ERM

MassMutual

MassMutual

Multiple locations
Posted on Wednesday, April 24, 2024

The Opportunity

This is an opportunity for an exceptional, highly motivated, collaborative and experienced individual to join MassMutual’s Capital and Investment Risk Management team (within the Enterprise Risk Management division) to enhance the impact and efficiency of the team as it influences the management of risks associated with MassMutual’s investment decisions and use of capital.

You will work closely with the Head of Capital & Investment Risk and the team leadership to support the translation of vision into action, reinforce accountability, and drive operational efficiency. Collaborating with these leaders, you will facilitate the functional effectiveness of the team, coordinate and prioritize work, deploy resources, and evolve processes as appropriate.

The Team

The Capital & Investment Risk team works closely with the Investment Management and Finance divisions to deliver insights and influence decisions regarding MassMutual’s investment risk-taking and use of capital, helping to protect MassMutual’s financial strength and enable it to achieve its strategy.

The team comprises three core groups, with responsibilities for Capital Risk, Market & Liquidity Risk, and Credit Risk, and brings together diverse experts across capital markets, risk management, actuarial, and quantitative disciplines who work together to deliver analysis and recommendations. Their recommendations are consistent with the enterprise risk appetite framework, for which the team is also responsible. The team drives improvements in tools, technology and processes, for more consistent and scalable risk analysis and reporting, enabling greater opportunities for efficiency within ERM and with stakeholders in Investment Management and Finance.

The Impact

You will support the Head of Capital & Investment Risk to ensure the smooth running and evolution of the team’s processes, so that the variety of analytical and risk management work within the Capital & Investment Risk Management team is appropriately connected and scaled for maximum impact and efficiency.

The nature of the team’s work continues to evolve and increasingly requires input and coordination across the risk functions, and in this role, you will be vital to ensure the team continues to deliver high quality, impactful insights in an efficient and coordinated manner. You will also drive efficiency and alignment of the ongoing development and enhancement to the variety of tools and technology utilized across the team.

A key to success in this position is the ability to work collaboratively with other leaders within Capital & Investment Risk Management and stakeholders elsewhere within ERM, as well as the Investment Management, Finance and Technology functions. You will have experience leading and coordinating teams, easing communications, and uniting people across organizations to keep them moving forward.

Notable responsibilities include:

  • Contribute and help support elements of the team’s strategic planning design and process.
  • Ensure team meetings, strategy sessions, and related interactions and operational processes are well planned, and managed for high impact.
  • Coordinate and manage analyses and deliverables that cut across the team’s three functions, expected with increasing frequency moving forward (e.g., related to product strategy, bespoke and ad hoc scenario analysis, M&A support)
  • Manage, plan and coordinate team deliverables for executive leadership and Board meetings.
  • Coordinate the build, progression, and monitoring of team project plans in alignment with goals, in particular regarding the application and development of analytics, tools and processes across the team’s functions, liaising with external stakeholders where needed.
  • Monitor and flag issues and interdependencies and suggest opportunities for resolution/path forward proactively, promptly and tactfully, particularly as it relates to resource utilization and consistency of plans, so that potential resource constraints are identified early and addressed appropriately.
  • Coordinate the team's input into broader ERM deliverables and analysis, engaging with ERM’s Risk Strategy team (e.g., analysis and material for rating agency and regulatory meetings, supporting the team leader in maintaining and coordinating the team’s budget).
  • Strengthen team brand, including the development and application of consistent standards applied across team for maximum impact, applying strong data visualization and presentation skills.
  • Be the team’s primary point of contact with the ERM Risk Strategy team and the Chief Risk Officer’s Executive Liaison.

To do this, it is expected that you will:

  • Inspire and motivate colleagues to succeed in the function’s key priorities.
  • Quickly establish credibility with key stakeholders.
  • Proactively collaborate with other teams in ERM as well as in the business lines.
  • Be a committed team player.
  • Inform and influence others appropriately, clearly and on a timely basis.
  • Adapt and thrive in complex, uncertain and changing situations.
  • Listen actively, and challenge yourself and others to think about all angles of the issue.
  • Quickly self-educate on new topics with less familiarity.
  • Have interest in a wide range of business issues.
  • Conceive and execute complex projects, applying change management, influencing, and communication skills.

The Minimum Qualifications

  • 5+ years of related business experience in enterprise risk management, insurance, consulting, strategy, project management or financial services
  • BS Degree

The Ideal Qualifications

  • Higher degree, MBA or equivalent.
  • Demonstrated strength in project management disciplines.
  • Superior communication skills, both verbal and visual.
  • Strong analytical and problem-solving skills, including ability to drill down on details, perform analyses, resolve issues and distill findings into a concise summary of key conclusions and recommendation.
  • Ability to establish and maintain collaborative relationships with peers and key partners across the organization.
  • Ability to influence stakeholders at various levels throughout the organization.
  • Excellent storytelling and visualization skills, including the ability to translate complex analysis into clear PowerPoint presentations for executive level audiences.
  • Change management mindset.
  • Experience in risk consulting.
  • Understanding of the financial regulatory environment for the insurance industry.
  • High emotional intelligence.
  • Data visualization and data science experience, including translating complex analysis into clear, succinct presentations for executive audience.
  • Experience in managing and deploying large-scale, cross-organizational programs.

What to Expect as Part of MassMutual and the Team

  • Regular meetings with peer leaders within the Capital & Investment Risk Team, stakeholders in ERM, Investment Management, CFO and Enterprise Technology.
  • Focused one-on-one meetings with your manager.
  • Access to mentorship opportunities.
  • Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups.
  • Access to learning content on Degreed and other informational platforms.
  • Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits.

#LI-RP1

Salary Range:

$121,800.00-$159,800.00

At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.

Why Join Us.

We’ve been around since 1851. During our history, we’ve learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard.

We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It’s more than our company structure – it’s our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.

MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.

If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.

At MassMutual, we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component. For more information about our extensive benefits offerings please check out our Total Rewards at a Glance.