Ambac Financial Group, Inc., headquartered in New York City, is a holding company whose affiliates provided financial guarantees and financial services to clients in both the public and private sectors around the world. Ambac filed for a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code (“Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York (“Bankruptcy Court”). The Company will continue to operate in the ordinary course of business as “debtor-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and the orders of the Bankruptcy Court. Ambac Financial Group, Inc.’s common stock trades in the over-the-counter market under ticker symbol ABKFQ.
Ambac's principal operating subsidiary, Ambac Assurance Corporation is a guarantor of public finance and structured finance obligations.
Our People
Because our people create Ambac's success, we offer attractive compensation and competitive benefit packages. We seek out talented individuals with a diversity of backgrounds and skills, ready to contribute and take responsibility for their efforts. The passion for excellence and innovation that motivates the Ambac team ensures an exciting future for our company. Some of the benefits available to our employees include:
Savings Incentive Plan (401K)
Health Care: Medical, Dental and Prescription
Life Insurance
Accidental Death & Dismemberment
Long- and Short-term Disability
Tuition Reimbursement
Training and Development
Maternity Leave
Health Club Membership Discount
Career Opportunities
Ambac's professionals are highly motivated individuals seeking to achieve superior results. Relying on teamwork, our integrated business approach creates opportunities for meaningful collaboration among specialists within our organization. Broadly speaking, our professionals work in the following disciplines:
Underwriting
Financial Services
Legal
Risk Management
Investment Management
Financial Controls/Operations/Internal Audit
Technology
If you are interested in career opportunities at Ambac, please send your resume to recruiting@ambac.com.
Employee Development
Ambac's continued success requires bright minds and innovative thinkers. We encourage our people to continue their professional growth through training and development opportunities both inside and outside the company. Within Ambac, we continually offer instructor-led sessions on a diversified range of topics and issues integral to the various parts of our business as well as computer-based training opportunities. In addition, we partner with renowned external resources to provide continuing education opportunities. Our benefits package also includes a generous tuition reimbursement program for employees pursuing additional education relating to their Ambac responsibilities.
EEO Statement
Ambac is an equal opportunity employer. We are committed to providing an environment that is business-like and free of discrimination or harassment on the basis of race, color, national origin, religion, sex, age, disability, citizenship, marital status, sexual orientation, military status or any other characteristic protected by law. Ambac prohibits and will not tolerate any discrimination or harassment.