Fixed Income Investment Analyst

Quantitative Research & Development Team, Investment Management

Full-Time

Boston, MA or Springfield, MA

The Opportunity

As an Investment Analyst, you will be part of a team responsible for investment data curation and analytics reporting for MassMutual’s general investment account (GIA). In this role you will perform asset curation and data staging for the Market Risk system while continuously improving existing processes. This will require partnership with IT professionals, communication with asset managers, and collaboration with internal stakeholders within Investment Management’s portfolio management teams. Your work will inform MassMutual’s hedging strategies and influence MassMutual’s financial performance.

The Team

This position will be part of the Quantitative Research and Development (R&D) team within Investment Management. The team has a primary focus and responsibility for researching new ideas and strategies and for developing underlying technologies and analytics across MassMutual’s hedging programs. As part of R&D, you will have numerous opportunities to learn, develop, and apply new skills using the latest technologies within a continuously evolving business and market landscape. Our collaborative environment and inclusive culture will encourage you to contribute ideas and participate in a wide range of initiatives across the department.

The Impact

• Perform fixed income asset data curation and staging process for MassMutual’s general investment account asset models, influencing portfolio hedging

• Validate accuracy of asset analytics, such as spread, yield and duration, and remedy any identified data issues

• Collaborate with asset managers to implement a modeling approach for new fixed income investments

• Communicate the monthly model results to internal stakeholders in Investment Management, Corporate Actuarial, Enterprise Risk Management and CFO

• Continuously improving the new data curation system, by defining new requirements and performing user acceptance testing

• Automate existing curation workflows to reduce manual touchpoints, increasing efficiency and accuracy

• Contribute to regular Cash Flow Testing exercise through data cleaning and curation

• Demonstrate GIA asset model completeness through data traceability and reconciliation to financial statements

• Guide and mentor junior team members as a subject matter expert of the data curation system and methodologies

The Minimum Qualifications

• Bachelor’s degree in computer science, engineering, math or related degree

• 7+ years relevant work experience in investment management, ALM, or asset modeling

• 5+ years of fixed income securities experience

• 3+ years of programming experience in a language such as Python, VBA, or SQL

The Ideal Qualifications

• Master’s degree in computer science, engineering, math or related degree or certification (CFA, FSA, ASA)

• Expertise in fixed income, structured, and derivative instruments used for life insurance company asset and liability management

• Strong modeling and technical skillset

• Comfortable working with large datasets

• Intellectual curiosity to explore new technology and find alternative solutions

• Experience writing requirements, bug reports, and performing user acceptance testing as part of an agile software development cycle

• Ability to prioritize multiple projects simultaneously

• Demonstrated knowledge of financial greeks

• Clear and concise written and verbal communication skills

What to Expect as Part of MassMutual and the Team

• Regular meetings with the Quantitative Credit Analytics Team

• Focused one-on-one meetings with your manager

• Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQIA+, veteran and disability-focused Business Resource Groups

• Access to learning content on Degreed and other informational platforms

• Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits

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