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Head of Credit Risk Management

MassMutual

Boston, MA
24 days ago

Job Description

Join MassMutual as the Head of Credit Risk Management and lead a team in overseeing credit risk strategies that protect financial strength and drive impactful investment decisions. Collaborate with diverse experts across the organization to enhance risk management processes and ensure compliance with evolving business objectives.

Key Responsibilities

  • Oversee credit risk management and coordinate policies and frameworks
  • Ensure effective governance of all key credit risks
  • Accountability for counterparty credit risk management
  • Support new deal approval processes with risk insights
  • Conduct targeted credit reviews under stressed credit scenarios
  • Analyze potential impacts of credit risk stresses
  • Maintain market-leading credit risk analytical capabilities
  • Coordinate with sustainability teams on climate-related investment risks
  • Lead complex projects across multiple functions
  • Present risk analysis and recommendations to committees
  • Attract, develop, and retain top talent

Required Qualifications

  • 10+ years of relevant work experience in investment risk management
  • Extensive experience in fundamental credit risk analysis and quantitative credit modeling
  • Knowledge and experience with derivatives and reinsurance
  • 5+ years managing people
  • Strong executive communication and presentation skills
  • Ability to work independently and take initiative

Preferred Qualifications

  • Deep investment risk expertise within the insurance industry
  • Experience with ESG initiatives
  • Strong analytical and problem-solving skills
  • 5+ years of insurance risk experience
  • Advanced degree in Financial Engineering, Mathematics, Actuarial Science, Physics, Engineering or similar
  • Relevant professional certifications (e.g., FSA, CFA, CAIA, FRM)
  • Experience working with Moody’s Analytics credit risk modeling tools