Deputy Chief Investment Officer – General Account at Equitable

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Full Time

Start Date

Immediate

Expiry Date

29 Dec, 25

Salary

350000.0

Posted On

30 Sep, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Asset And Liability Management, Business Acumen, Effective Communication, Portfolio Management

Industry

Financial Services

Description

At Equitable, our power is in our people. We're individuals from different cultures and backgrounds. Those differences make us stronger as a team and a force for good in our communities. Here, you'll work with dynamic individuals, build your skills, and unleash new ways of working and thinking. Are you ready to join an organization that will help unlock your potential? Equitable operates in an agile environment across the entire organization, referred to as New Ways of Working. The Chief Investment Office is expanding its leadership team and searching for a Deputy Chief Investment Officer—a single, integrated leadership role encompassing strategic investment management, asset-liability oversight, and manager accountability. Reporting to the Chief Investment Officer, the Deputy Chief Investment Officer – General Account will manage a team of 2 to 3 professionals, collaborating with business and asset class leaders to drive the evolution of our investment functions. This highly visible position will lead critical cross-functional initiatives, advocate for the company's investment and risk management principles, and provide independent perspectives supporting a long-term investment approach. Role Summary & Responsibilities: Strategic Asset Allocation & Product Strategy: Develop and oversee asset allocation targets across all asset classes, informed by liability profiles and risk tolerance. Lead the development and implementation of product investment strategies, maintaining close relationships with business areas. Asset-Liability Management: Ensure portfolio duration, cash flows, and risk characteristics are aligned with insurance liability obligations. Oversee ALM implementation, collaborating with stakeholders to guarantee strategic alignment. Investment Policy & Compliance: Create and maintain investment guidelines, establish risk limits, and ensure compliance with regulatory frameworks. Monitor policy adherence, aiming for zero violations of investment or regulatory requirements. Economic Capital & Risk Optimization: Maximize risk-adjusted returns while optimizing regulatory capital requirements (RBC, Solvency II). Oversee duration positioning, hedging strategies, and sensitivity analysis to manage interest rate risk. Portfolio Structuring & Manager Oversight: Drive portfolio structuring to meet key company OKRs including yield, risk, and capital usage. Engage directly with affiliated asset managers, evaluating performance, conducting due diligence, and enforcing accountability across mandates and asset classes. Performance Analysis: Analyze portfolio performance drivers, validate returns against strategic objectives, and deliver rigorous attribution analysis with >90%25 explained variance. Ensure affiliated manager delivers benchmark targets with prudent risk management. Risk Monitoring & Market Intelligence: Monitor portfolio risk characteristics, identify emerging risks, and provide independent market analysis and investment opportunity assessment. Lead specialized knowledge teams to validate manager decisions and uphold institutional-grade due diligence. Accountabilities: Regulatory Capital Efficiency: Target improvement in capital ratios annually Asset-Liability Mismatch: Maintain duration gap within ±1 year of target matching. Strategic Performance: Deliver asset allocation decisions generating [5-10+] basis points annual outperformance. Policy Compliance: Zero violations of investment guidelines or regulatory requirements. Interest Rate Protection: Limit earnings volatility from rate movements to acceptable ranges. Capital Allocation ROI: Demonstrate 15%25+ risk-adjusted return on allocated capital across asset classes. Manager Performance Validation: Ensure affiliated asset managers meet benchmarks and risk standards. Due Diligence Quality: Maintain investment evaluation standards across all asset classes. Risk Parameter Compliance: Enforce risk limits and concentration guidelines. Performance Attribution: Deliver accurate portfolio analysis with >90%25 explained variance in results. Cost-Effective Oversight: Provide independent validation without duplicating manager capabilities. Investment Quality: Prevent losses through rigorous screening and ongoing portfolio monitoring. The base annual salary range for this role is $275,000 - $350,000. In addition to base pay, Equitable provides compensation to reward performance with base salary increases, spot bonuses, and short-term incentive compensation opportunities. Eligibility for these programs depends on level and functional area of responsibility. For eligible employees, Equitable provides a full range of benefits. This includes medical, dental, vision, a 401(k) plan, and paid time off. For detailed descriptions of these benefits, please reference the link below. Equitable Pay and Benefits: Equitable Total Rewards Program A successful candidate must be skilled at working in a matrixed organization and have an established track record for building alignment and executing the work across multiple teams. Additional experience and skills that will enable candidate success include: Proven experience in portfolio structuring, communication of goals and tactics, ongoing monitoring of portfolio activities Demonstrated experience creating and leading engaging presentations for senior management/Board level meetings Experience leveraging third party relationships required Skills Asset and Liability Management (ALM): Advise portfolio managers and ALM committees on managing risk-return profiles of portfolios and products. Leads discussions on the rationale for modifying or switching asset liability portfolio risk management strategies. Predicts the future trends and developments in asset and liability management. Develops ALM portfolio and risk management strategies for unique, complex, and risky situations. Proposes alternative strategies to achieve desired and optimal ALM risk-return profiles. Business Acumen: Influences the manner in which business decisions are made through utilization of economic, financial, and organizational data to build business cases for major initiatives. Effective Communication: Communicates effectively with diverse audiences, using appropriate media and language. Ensures important messages are clearly understood. Coaches others on methods of improving their own communications. Portfolio Management: Develops innovative portfolio management strategies for unique situations. Contributes to the development of new portfolio instruments and the evaluation of their validity and relevance. Designs portfolio management processes and best practices. ABOUT EQUITABLE At Equitable, we’re a team committed to helping our clients secure their financial well-being so that they can pursue long and fulfilling lives. We turn challenges into opportunities by thinking, working, and leading differently – where everyone is a leader. We encourage every employee to leverage their unique talents to become a force for good at Equitable and in their local communities. We are continuously investing in our people by offering growth, internal mobility, comprehensive compensation and benefits to support overall well-being, flexibility, and a culture of collaboration and teamwork. We are looking for talented, dedicated, purposeful people who want to make an impact. Join Equitable and pursue a career with purpose. ********** Equitable is committed to providing equal employment opportunities to our employees, applicants and candidates based on individual qualifications, without regard to race, color, religion, gender, gender identity and expression, age, national origin, mental or physical disabilities, sexual orientation, veteran status, genetic information or any other class protected by federal, state and local laws. NOTE: Equitable participates in the E-Verify program. If reasonable accommodation is needed to participate in the job application or interview process or to perform the essential job functions of this position, please contact Human Resources at (212) 314-2211 or email us at TalentAcquisition@equitable.com.

Responsibilities

The Deputy Chief Investment Officer will manage a team and collaborate with business leaders to drive investment functions. This role includes overseeing asset allocation, compliance, and risk management strategies.