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Fortitude Reinsurance Company Ltd. (Fortitude Re) is one of the world’s leading providers of legacy reinsurance solutions. They work with the world’s leading insurance companies to help them execute comprehensive, transformational solutions for legacy Life & Annuity and P&C lines. Fortitude Re manages a general account of approximately $111 billion across life, annuity, and property & casualty insurance products. The company takes a long-term view on growth and is proud to be backed by a consortium of sophisticated institutional investors led by The Carlyle Group and T&D Insurance Group. Incorporated under the laws of Bermuda on January 1, 2017, Fortitude Re’s roots in the insurance industry and the experience of their leadership go back many decades. Fortitude Re’s leadership team has an average industry tenure of over 20 years, and an impressive track record of successfully managing the most complex legacy liabilities. Their deep insurance experience and proprietary risk modeling capabilities allow them to structure bespoke transactions that benefit both insurance companies and their policyholders. Fortitude Re continues to strengthen its ability to pursue further growth and provide innovative solutions for the global insurance industry. Click here for more information about Fortitude Re.
The Market Risk function, within Enterprise Risk Management, is responsible for overseeing market, liquidity, portfolio, and asset-liability management (ALM) risks across the organization’s investment portfolios and balance sheet. The function provides independent risk oversight of interest rate, credit spread, equity, foreign exchange, liquidity, and concentration exposures, as well as asset-liability alignment.
The team is responsible for the development, enhancement, and governance of the economic capital framework related to the portfolio risks, ensuring appropriate measurement of risk exposures and alignment with capital adequacy and enterprise risk appetite objectives. The function also designs and executes stress testing, scenario analysis, and sensitivity testing frameworks to assess portfolio and balance sheet resilience under adverse market and liquidity conditions. This includes overseeing all aspects of the risk at Fortitude Life and Annuity Company (FLIAC).
Through robust analytics, forward-looking risk assessments, and capital impact analysis, the team supports proactive risk identification and mitigation. The function partners closely with Investments, Actuarial, Finance, Capital Management, Treasury, and Credit Risk to ensure risks are effectively measured, monitored, and managed within the approved enterprise risk appetite, capital framework, and regulatory requirements, supporting informed decision-making and long-term balance sheet resilience.
Position Summary
The AVP, Market Risk and ALM and Hedging role is part of our growing Market Risk team under the Enterprise Risk Management function. In this capacity, you will support the safeguarding our company's financial health and ensuring the successful implementation of our risk management strategies. Your range of responsibilities include overseeing the risk management of our hedging programs, evaluating and monitoring the performance of these programs. Building quantitative risk and valuation models to test and validate the various models sued by stakeholders across various asset classes including equity, fixed income and currency derivatives, and equity and rate stochastic volatility models. Ensuring adherence to ALM and hedging guidelines while working with internal stakeholders in ALM, Hedging, Treasury and Finance teams to support innovative solutions and strategies to optimize the balance sheet and augment the existing ALM framework. This position is responsible for supporting the Chief Risk Officer of FLIAC in day-to-day oversight of the risk management of hedging activities across the various hedging programs including the FLIAC legal entity (Fortitude Re’s Variable Annuity book of business). This position reports to the Senior Vice President, Head of Market Risk and Chief Risk Officer of FLIAC legal entity. This position initially is individual contributor and does not have any direct reports.
What You Will Do:
What You Will Have:
Preferred Qualifications
#LI-Hybrid
The base salary range for this role is listed below and will be commensurate with candidate experience. Pay ranges for candidates may differ based on the cost of labor in that location. In addition to base salary, all employees are eligible for an annual bonus based on company and individual performance as well as a generous benefits package.
At Fortitude Re, our strength has always come from our people. Our success is deeply rooted in our ability to embrace the unique attributes, perspectives and experiences of every individual within our company. Fostering a culture of inclusion and belonging where everyone—regardless of background, race, religion, sexual orientation or gender identity—feels valued and respected is a foundation of our culture.
We are committed to being an equal opportunity employer and evaluate qualified applicants without regard to race, color, religion, sex, pregnancy (including childbirth, lactation and related medical conditions), national origin, age, physical and mental disability, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, diversity of thought and any other characteristic protected by applicable law.
To all recruitment agencies: Unless you have been requested to work on this position, or other positions with Fortitude Re, please do not forward any resumes to Fortitude Re employees. Fortitude Re is not responsible for any fees related to unsolicited resumes.
Check us out on YouTube: About Fortitude Re (youtube.com)


Ready to apply?
Apply to Fortitude Re
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Fortitude Reinsurance Company Ltd. (Fortitude Re) is one of the world’s leading providers of legacy reinsurance solutions. They work with the world’s leading insurance companies to help them execute comprehensive, transformational solutions for legacy Life & Annuity and P&C lines. Fortitude Re manages a general account of approximately $111 billion across life, annuity, and property & casualty insurance products. The company takes a long-term view on growth and is proud to be backed by a consortium of sophisticated institutional investors led by The Carlyle Group and T&D Insurance Group. Incorporated under the laws of Bermuda on January 1, 2017, Fortitude Re’s roots in the insurance industry and the experience of their leadership go back many decades. Fortitude Re’s leadership team has an average industry tenure of over 20 years, and an impressive track record of successfully managing the most complex legacy liabilities. Their deep insurance experience and proprietary risk modeling capabilities allow them to structure bespoke transactions that benefit both insurance companies and their policyholders. Fortitude Re continues to strengthen its ability to pursue further growth and provide innovative solutions for the global insurance industry. Click here for more information about Fortitude Re.
The Vice President, Portfolio Risk is a senior leadership role within the Enterprise Risk Management function, specifically within the Market Risk team, responsible for overseeing and enhancing the frameworks for analysis, monitoring, and management of portfolio risk across the enterprise. Reporting to the Senior Vice President, Head of Market Risk, this role leads the execution and continuous enhancement of risk frameworks covering portfolio risk, economic capital, and related risk measures.
The VP, Portfolio Risk plays a critical role in identifying, assessing, and mitigating portfolio, and broader balance sheet risks through advanced quantitative analysis, stress testing, scenario design, and independent risk oversight. This role works closely with the Credit Risk Officer to ensure comprehensive coverage of portfolio risk exposures and alignment across market and credit risk oversight activities. The position requires strong technical expertise, strategic thinking, and the ability to influence senior business partners across Investments, Actuarial, Finance, Capital Management, and Treasury. The role ensures portfolio risk practices align with enterprise risk appetite, economic capital frameworks, and evolving regulatory expectations.
What You Will Do:
What You Will Have:
#LI-Hybrid
The base salary range for this role is listed below and will be commensurate with candidate experience. Pay ranges for candidates may differ based on the cost of labor in that location. In addition to base salary, all employees are eligible for an annual bonus based on company and individual performance as well as a generous benefits package.
At Fortitude Re, our strength has always come from our people. Our success is deeply rooted in our ability to embrace the unique attributes, perspectives and experiences of every individual within our company. Fostering a culture of inclusion and belonging where everyone—regardless of background, race, religion, sexual orientation or gender identity—feels valued and respected is a foundation of our culture.
We are committed to being an equal opportunity employer and evaluate qualified applicants without regard to race, color, religion, sex, pregnancy (including childbirth, lactation and related medical conditions), national origin, age, physical and mental disability, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, diversity of thought and any other characteristic protected by applicable law.
To all recruitment agencies: Unless you have been requested to work on this position, or other positions with Fortitude Re, please do not forward any resumes to Fortitude Re employees. Fortitude Re is not responsible for any fees related to unsolicited resumes.
Check us out on YouTube: About Fortitude Re (youtube.com)


Ready to apply?
Apply to Fortitude Re
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