Risk Management Associate

Posted: Monday, March 01, 2021
Location: New York

Department: Risk Management
Reports to: Managing Director, Risk Management
Direct report(s): No

General purpose of position

Assured Guaranty is seeking to hire a Risk Management Associate. The Associate will be responsible for assisting with the varied tasks that come under the enterprise risk management umbrella: modeling of economic capital adequacy, preparation of enterprise risk reports, regulatory reporting, and model governance.

Primary duties/responsibilities

Economic Capital Model

   - Maintain and update model assumptions for the Economic Capital Model by reviewing all available internal data and external published reports about transaction performance of each      of the company’s risk sectors.

   - Update expert judgment documents that serve as a record of the data and analysis associated with setting model assumptions.

Enterprise Risk Management

   - Maintain Risk Management’s library of Key Risk Indicators for Assured Guaranty Ltd.’s and operating subsidiaries, including soliciting quarterly responses from managers, updating          the database, and identifying performance trends.
   - Prepare portions of the quarterly (Bermuda only) and annual Own Risk and Solvency Assessments (ORSAs) that provide information on portfolio breakdown, top risks, risk attribution.
   -  Assist in preparation of annual reports to the Board of Directors, including the State of Risk Management and Risk Management Policies and Procedures.

Model Governance

  - Run diagnostic software tools on internal Excel-based and other models to ensure they are working properly and generating the expected results.

  - Interpret the results of diagnostic runs and create succinct written reports on findings.
  - Maintenance and updating of internal model inventory.

Regulatory Reporting

 -  Assist with review and submission of quarterly UK quantitative regulatory filings using Excel skills and strong attention to detail.

 - Special Projects, as required

Education, certifications and/or experience requirements

·        Approximately 3 to 6 years of professional experience

·        Background in risk management preferred

·        BA/BS, preferably in Economics, Business, or Finance

·        Strong competence in Excel

·        General knowledge of financial markets and industry

·        Strong interest in learning about enterprise risk management

·        Analytic thinker with a strong detail orientation

·        Effective written and oral communication skills

·        Strong organizational and time management skills; ability to juggle multiple projects simultaneously and keep relevant stakeholder apprised of status and relevant updates.

·        The ability to work well independently as well as part of a collaborative team


    To Apply

Interested applicants can apply at the following link:




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