Jackson Financial has reached in-house and selected Chris Raub to serve as its new chief risk officer effectively immediately after Bradley Harris, who was serving in that capacity, left the firm. 

Raub will supervise enterprise risk management at Jackson, which includes financial and operational risks, the firm said in a statement.

Raub will also work as a member of Jackson’s Executive Committee and in that capacity, he will provide guidance and counseling to Laura Prieskorn, the chief executive officer, but also the executive leadership, and members of the board of directors. He will report to Prieskorn, according to the firm.

“Chris is a talented leader who brings a depth and breadth of insurance industry experience to his new role,” Prieskorn said in a statement. “His knowledge of Jackson’s general account investment strategy, the asset liability management function, and financial and operational risks is extensive and will enable him to effectively oversee and lead an important function of the company.”

Raub is a more than 20-year veteran of Jackson, having most recently served as senior managing director and head of insurance assets at PPM America, which is a Jackson subsidiary. In that capacity, he managed the life insurance company’s general account. 

Prior to that he worked throughout PPM in other capacities and Jackson itself where he concentrated on strategy, investments, and risk management. 

Raub also worked with Jackson’s asset liability management and actuarial team and actively participates in Jackson’s Asset Liability Committee, the firm said.

Prior to Jackson, Raub worked at GE Capital’s Merchant Banking group, Heller Financial Services’ Corporate Finance group, and Arthur Andersen’s Specialty Consulting group.

In a statement, Raub expressed excitement for his new role and commitment to working alongside Prieskorn and other members of the executive committee.