MassMutual Financial Group Head of Global Capital Risk, ERM in Springfield, Massachusetts


Massachusetts Mutual Life Insurance Company (MassMutual) is a leading mutual life insurance company that is run for the benefit of its members and participating policy owners. MassMutual offers a wide range of financial products and services, including life insurance, disability income insurance, long-term care insurance, annuities, retirement plans and other employee benefits. MassMutual is headquartered in Springfield, MA and its major subsidiaries include OppenheimerFunds and Barings.

Founded in 1851, MassMutual is committed to its purpose: We help people secure their future and protect the ones they love. Ranked No. 76 in the annual FORTUNE ® 500 ranking ( FORTUNE ® Magazine, 6/15/16), MassMutual continues its long history of financial strength and maintains some of the highest financial strength ratings in any industry. We invite you to bring your bright, innovative ideas to MassMutual as we continue to help millions of Americans achieve their financial goals.

We continue to be recognized for our efforts to create a diverse and inclusive workplace! MassMutual is one of DiversityInc s 2016 Top 50 Companies for Diversity and ranked a 2016 Top 10 Company for Executive Women by the National Association for Female Executives. In 2015, after more than 15 years of earning a place on the Working Mother Top 100 Best Companies list, MassMutual was inducted into the Working Mother Hall of Fame. MassMutual also scored 100 percent on The Human Rights Campaign's Corporate Equality Index (CEI) to earn a spot on the CEI Best Places to Work List (2016). In addition, MassMutual has been recognized as a World s Most Ethical Company by the Ethisphere Institute and 2016 Military Friendly Employer by Military Friendly.

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MassMutual is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives.


Core to this vision is Risk. We are seeking a leader to: manage, oversee and coordinate a critical program supporting the International Association of Insurance Supervisors (IAIS ) Common Framework (ComFrame) Field Testing and other risk related regulatory demands; coordinate and submit ERM communications for MassMutual s Board of Directors and Enterprise Risk Committee; and manage and continue to enhance the Company s risk appetite process. The VP will require strong leadership, influence, strategy, collaboration and project management skills. He/she will work across the enterprise to deliver mandates of the role.

  • The manager is responsible for coordinating the aggregation, compilation and communicating of timely responses to the IAIS and MassMutual s regulators. The manager will lead an intra-company working group and interact with at least MassMutual s Chief Financial Officer, Chief Enterprise Risk Officer, Corporate Controller, and MassMutual s government relations teams on ComFrame and other risk related regulatory proposals.

  • He/she is responsible for coordination of production of financial risk appetite components, analyses, mitigation plans, and presentation for division, ERC and Board meetings. Presentations to include explanations of quarterly results, risk concerns, modeling or assumption changes, mitigations, and drive the overall strategy to enhance and improve timeliness and financial reporting to support risk.


Reports to: Chief Enterprise Risk Officer


ComFrame Program Management:

  • Manage the process for the responses to ComFrame Field Testing and summarize effects on MassMutual s business. This requires:

  • Understanding MassMutual s financial reporting, capital and financial exposures, and ERM framework;

  • Staying current with ComFrame and related industry developments;

  • Developing and leading execution of a field testing plan and regular communications with stakeholders and interested parties ;

  • Maintaining model governance and documentation standards sufficient to defend responses internally;

  • Lead execution and organize/finalize communication to regulators and IAIS on ComFrame; and

  • Providing periodic reports to the Enterprise Risk Committee and Steering Committee on progress, cost, issues, etc. for Field Testing, ComFrame in general, and capital standard implications

Board of Directors/Enterprise Risk Committee Reporting & Communications:

  • Coordinate, clarify themes and messages, and manage ERM communications to board and risk management committee

  • Analyze and coordinate production of financial risk appetite components.

  • Summarize risk appetite analyses in presentations suitable for focused Enterprise Risk Committee meetings, explaining quarterly results and any deviations from trend;

  • Work with ERM Risk Leaders to determine appropriate mitigation actions

  • Document model and assumption changes

  • Develop and implement improvement plan to enhance timeliness and quality of financial risk appetite reporting working with relevant MassMutual parties

Relationship and Change Management:

  • Business relationship management across the Enterprise. Partners with peers and senior business leaders to support risk environment.

  • Build relationships with the lean organization to effectively enable and support continuous improvement initiatives across ERM.

  • Coordinate with Government Relations to participate in ACLI and other industry venues on risk management topics to represent MassMutual s interest

  • Advocate for needed change across the organization that add to success of the division. Ensure the implementation of change with appropriate communications, goals, resources, metrics and reviews. Actively communicate the purpose, strategy and status of change efforts. Take ownership and personal responsibility for implementing change addressing questions and resistance with confidence and understanding.


Requisite skills and experience include:

  • Demonstrated success in managing a portfolio of complex risk management/finance projects

  • Broad experience/understanding of enterprise risk management, insurance financial reporting and capital standards, and insurance state and federal regulation

  • Cross-enterprise project management experience

  • Strong communications skills and comfort operating at the CXO level

  • Ability to collaborate with / influence related efforts across the organization

  • Must be authorized to work in the US without sponsorship now or in the future

MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.