Chief Risk Officer
Michael Smith is the chief risk officer for ING U.S. He is responsible for overseeing the enterprise-wide and business-level risk monitoring and management program for ING U.S. His responsibilities include managing the framework for measuring, controlling, hedging and pricing risk, as well as compliance with all global financial reporting standards for the company. In addition to his risk management role, he provides management oversight over the Closed-Block Variable Annuity run-off business.
Prior to taking this role, Smith served as chief executive officer of the ING U.S. Annuity Manufacturing that included the Closed Block business. He joined ING in May 2009 as chief financial officer and chief insurance risk officer of the annuity business.
Prior to joining ING, Smith was the head of Profitability and Risk Management for Retirement Solutions at Lincoln Financial Group (LFG), where he worked for about 20 years. He held several leadership positions at Lincoln, including chief actuarial officer for Lincoln National Life, chief administrative officer and chief financial officer for Lincoln Financial Distributors Inc. (LFD), chief financial officer and chief risk officer for LFG’s Life and Annuity division and head of customer support for LFG’s Employer Markets division.
Smith holds bachelor’s degrees in economics and Russian studies from the University of Michigan. He attained Fellowship in the Society of Actuaries in 1990, and he is also a member of the American Academy of Actuaries. Smith attained his CFA Charterholder designation in 2003. He serves on the boards of People’s Light & Theatre Company and Covenant House-PA.
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