Tuesday, August 12, 2014

Investment Risk Mgt Consultant, PacLife - Newport Beach

Investment Risk Management Consultant, PacLife - Newport Beach

Pacific Life Fund Advisors ("PLFA") serves as the advisor to more than $50 billion of assets under management. The Investment Risk Management (IRM) team within PLFA is responsible for risk analytics, risk monitoring, and portfolio construction for the multi-asset portfolios. The Investment Risk Management Consultant will report to the Director of Investment Risk Management to provide support primarily to Pacific Life Fund Advisors (PLFA), the Fund Boards, and the variable insurance and mutual divisions within Pacific Life.

 The IRM Consultant will play an integral role in executing the performance evaluation and portfolio construction process of existing asset allocation strategies, as well as evolving the analytics infrastructure. This position will be relied upon to create portfolio optimization, performance attribution, risk models, and back-tests to support the management and evaluation of the asset allocation portfolios. Strong working knowledge in financial markets and quantitative analysis are crucial to the success of this role, as it will require the IRM consultant to either build the analytics and solutions from the ground up or enhance them through leveraging existing investment tools.
On a quarterly basis, the IRM Consultant will be responsible for Fund Board reporting relating to the performance and fees of our existing portfolios and mangers. Coordination skills and attention to detail are imperative as the Board of Trustees and Senior Management rely upon the reports for the evaluation and oversight of our portfolios. Supporting the transition management during rebalances and the variable annuity hedging functions may also be required.

• Lead the quarterly Fund Board reporting process:
o Coordinate with the asset allocation and manager research teams to prioritize the timeline; work with performance analysts to ensure accuracy of the performance and risk reports; propose and implement enhancements to the reports and the process
o Work with outside consultants retained by the Fund Boards for the 15-C process to evaluate the fees, performance, and competitiveness of PLFA's investment strategies.
• Support and enhance PLFA's existing performance and risk evaluation capabilities, which is an essential part of PLFA's investment decision process for the asset allocation strategies.
o Create and run asset-class based and risk-factor based performance attribution and risk decomposition to assess the sources of performance and risk.
o Utilize external investment software as well as build proprietary models that are necessary to deliver this information.
• Contribute in a meaningful way to the portfolio construction process of PLFA's asset allocation strategies
o Execute the portfolio optimizations for the periodic rebalances
o Help evolution the portfolio construction process by researching and implementing additional portfolio construction techniques, which will involve back-testing, regime analyses, stress testing, and other analyses as needed
• Promptly address data requests from legal, compliance, senior management, and support the manager research team.
• Become the point person with data and software vendors, evaluate existing and new tools, and be responsible for any data onboarding and transition

FACTORS FOR SUCCESS:Bachelor's degree in finance, economics, mathematics, engineering or other quantitative related sciences; CFA (or progress towards the designation) preferred
Minimum of 5 years of experience in finance, investment management, investment consulting, or other quantitative fields with a solid foundation in complex financial concepts; experience in multi-asset investing and familiarity of various portfolio construction approaches preferred.
Strong Excel and analytical skills; prior experience in or ability to rapidly learn analytical tools including Barra, Bloomberg, FactSet, MorningStar, and Zephyr; programming experience in Excel VBA, MatLab or S-Plus/R preferred
Must be a self-starter with strong communication skills, attention to detail, accountability, and ability to work well both independently and with various teams

WHERE YOUR POTENTIAL MEETS OUR PURPOSE:At Pacific Life, you are given the opportunities and challenges to embrace your potential and achieve your personal best, every day. What you find here is something special - it's purposeful work done with a shared set of values that brings us all together.

Pacific Life offers life insurance, annuities, and mutual funds, along with a variety of investment products and services, all of which provide The Power to Help You Succeed. Headquartered in Newport Beach, CA, Pacific Life is a Fortune 500 company with approximately 2800 employees. We pride ourselves in providing a work environment that is challenging, inclusive, collaborative and results-oriented. We firmly believe each employee plays a part in our continued growth and success.

Currently, we seek a talented Investment Risk Management Consultant to join the Corporate Division in Newport Beach. The Corporate Division supports the goals and initiatives of all other divisions throughout the company and its subsidiaries. 

Join the Pacific Life team and watch your career grow! We offer a competitive compensation and benefits package that includes:

• Competitive salary and bonus program
• Medical, dental, and vision as part our commitment in investing in the health and wellbeing of our employees
• Two retirement savings plans: 401k savings plan with company match and Company Retirement Contribution (company-paid)
• Generous vacation time and holiday pay
• And much more!

*Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V

*If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.

To Apply:  http://www.pacificlife.com/career_center/search_jobs.html?fuseaction=mExternal.showJob&RID=63945

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