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Voya Financial is seeking a Senior Risk Analyst for the Voya Financial Risk Management Organization. The individual contributor role will primarily focus on performing risk centric quantitative analysis of the Voya Retirement business segment (e.g., EaR, CaR, Stress Scenarios) across GAAP and Statutory frameworks. The position will have other day-to-day responsibilities and work within a team of risk professionals focused on Voya’s Retirement business.
Job Responsibility:
Calculate and monitor EaR and CaR metrics quarterly for alignment with enterprise risk appetite
Perform annual stress testing under GAAP and STAT basis, including scenario and sensitivity analyses for interest rate, equity, and credit shocks
Support Economic Capital (EC) modeling and integrate results into enterprise risk reporting
Monitor the performance, risk exposures, and asset-liability matching of the General Account
Provide insights on credit quality, duration gaps, and liquidity risk impacting the General Account
Assist in evaluating financial implications of new retirement products, including pricing assumptions and capital requirements
Perform risk-adjusted profitability analysis and stress scenarios for existing and proposed product designs
Partner with Product Development and Actuarial teams to ensure alignment with risk appetite and regulatory standards
Facilitate regular meetings with management of the supported business areas
Prepare reports for senior management
Collaborate with Corporate Risk, Finance, and Investment Management teams to ensure accurate and timely submissions
Monitor compliance with internal risk policies and regulatory requirements (ORSA, NAIC guidelines)
Enhance methodologies for EaR/CaR and stress testing to reflect emerging risks and best practices
Contribute to risk governance discussions and committee presentations
Review, and suggest applicable changes for, procedures for business areas directly supported
Support other Risk work as assigned
Requirements:
Bachelor's Degree or equivalent experience
3–5 years of experience in actuarial risk management or financial risk analysis within insurance or retirement services
Understanding of Retirement product risks
Strong knowledge of GAAP and STAT accounting principles and their implications for risk metrics
Proficiency in Excel, actuarial software, and risk modeling tools
experience with stochastic modeling is a plus
Excellent analytical, problem-solving, and communication skills
Familiarity with risk appetite frameworks, EaR and CaR risk measures, economic capital concepts, and stress testing governance
Ability to interpret complex data and present actionable insights to senior stakeholders
Understanding of regulatory requirements (e.g., NAIC, ORSA) and enterprise risk management practices
Ability to make independent assessments and present thoughtful, risk-based decisions with limited support
Proven ability to prioritize assignments and maintain and/or exceed established processing time frames with limited supervision
Demonstrated ability to work across business lines and/or departments for continuous improvement opportunities and to develop and implement risk mitigation activities
Ability to learn from mistakes and apply learnings to future situations
Nice to have:
Proactive and practical attitude
Strong verbal and written communication skills
Curiosity about our business and industry
Agile and creative approach to problem solving
Strong analytical skills in data analysis and trend interpretation
Collaborative team player
Growth mindset and ability to gain new areas of expertise
What we offer:
Health, dental, vision and life insurance plans
401(k) Savings plan – with generous company matching contributions (up to 6%)
Voya Retirement Plan – employer paid cash balance retirement plan (4%)
Tuition reimbursement up to $5,250/year
Paid time off – including 20 days paid time off, nine paid company holidays and a flexible Diversity Celebration Day