About Our Company
Aflac Asset Management, LLC, (d.b.a. Aflac Global Investments) is a wholly owned subsidiary of Aflac Incorporated (Aflac). Aflac Global Investments (GI) located in New York’s financial district and is the organization responsible for the overall investment activities of Aflac, Inc. and subsidiaries in Japan, Bermuda, and the U.S. With 150 employees globally, GI seeks investments to maximize long-term returns with a focus on preservation of capital, subject to our asset-liability profile and liquidity and capital requirements. GI has primary investment and asset management responsibility for Aflac’s general account consisting of public, private, and growth assets (including strategic partnerships) which generates approximately $3.5 billion a year in net investment income. As of year-end 2022, Aflac’s total general account portfolio was $111 billion.
The investment teams support GI’s overall goals and objectives by providing market insight and in-depth knowledge of assigned asset classes. GI oversees the strategic deployment of capital for life and supplemental health insurance company balance sheets utilizing both internal teams and external third party asset managers.
Position Summary:
The Operational Risk Analyst will support, develop and otherwise facilitate the ongoing implementation and execution of Global Investment Risk Management (GIRM) programs and processes with a particular focus on governance, operational risk, and investment risk operations. Reporting to the Operational Risk Manager as part of the Global Investments organization, the Associate’s primary client will be the Global Investments line of business. They will also support key Aflac Inc. Global Risk Management operations and initiatives in the U.S. and Japan. The candidate is expected to have a solid understanding of process, risk and control design concepts and governance from an operational risk management and/or audit/COSO perspective, as well as exposure to investment front, middle, back office and/or accounting processes and requirements. This position requires the ability and flexibility to interact and collaborate with all levels of management, as well as execute routine (e.g. risk control self-assessment) and non-routine (e.g. investment initiatives independent review) risk management processes.
Key Relationships:
Reports To: Operational Risk Manager
Risk Interactions: GIRM Quantitative Analytics; GRM Columbus; Japan Risk; for key initiatives – team lead, team contributor; individual contributor depending on nature and scope of initiative
Business Interactions: Global Investments team (U.S. and Japan), Investment Compliance; Human Resources, Information Security; Audit, Strategic Sourcing and other key stakeholders.
Responsibilities:
Operational Risk Management
Support and facilitate the maturation and implementation of the GRM ORM framework, with a particular focus on Global Investments execution Execute Operational Risk Management (ORM), Risk and Control Self-Assessment (RCSA), Key Risk Indicator (KRI), Loss Event, Risk Response and Reporting programs Facilitate the execution of vendor risk and model risk programs for the NY office Support the update of applicable ORM policies and committee / regulatory communications where applicable
Global Investments (GI) Risk Operations
Monitor, consult upon, and update where applicable (i.e. risk limit policy matters) GI policies and procedures Develop and apply an end to end understanding of GI processes, controls and limits for the application of ORM and limit monitoring programs Support independent advisory and governance activities for key GI initiatives (e.g. execution of new asset class mandates) Provide independent governance and risk monitoring for investments specific operational risks (e.g. trade practices; external managers)
Global Investments (GI) Risk Reporting
Design and develop reports and presentations regarding operational investment risk matters for management and committee governance Qualifications: Bachelor’s degree in Economics, Business, Mathematics, Statistics, Accounting or related field Minimum of 3 year of experience, Enterprise Risk Management or Operational Risk Management, and/or investments operations / investments accounting / audit experience Solid analytical and critical thinking skills with demonstrated communication and executive level presentation skills Ability to execute on goals, prioritize and meet deadlines Intermediate Quantitative and Excel skills Self-motivated, yet accustomed to working and collaborating in a team environment Financial Services industry experience required (insurance preferred) MBA, CPA or CFA a plus
Please note: Aflac Global Investments' hybrid working environment requires a minimum of 3 days in the office each week
The range on this positions is: $53,000 to $128,000
This compensation range is specific to the job level and takes into account the wide range of factors that are considered in making compensation decisions including, but not limited to: education, experience, licensure, certifications, geographic location, and internal equity. The range has been created in good faith based on information known to Aflac at the time of the posting. Compensation decisions are dependent on the circumstances of each case. This salary range does not include any potential incentive pay or benefits, however, such information will be provided separately when appropriate.
In addition to the base salary, we offer an array of benefits to meet your needs including medical, dental, and vision coverage, prescription drug coverage, health care flexible spending, dependent care flexible spending, Aflac supplemental policies, 401(k) plans, and generous paid time off. You’ll also be granted time off for designated paid holidays and other leaves of absence, if eligible, when needed to support your physical, financial, and emotional well-being. Aflac complies with all applicable leave laws, including, but not limited to sick, adoption and parental leave, in all states and localities.
We will consider for employment all qualified applicants, including those with a criminal history, in a manner consistent with the requirements of all applicable federal, state, and local laws, including the Los Angeles Fair Chance Initiative for Hiring Ordinance, the San Francisco Fair Chance Ordinance, and the New York City Fair Chance Act. Applicants with criminal histories are encouraged to apply.