Actuary, Model Risk

Responsibilities Lead independent model validations for actuarial, finance, investment, and data science models Validate that models are fit for purpose and functioning as expected based on their design, input data, methodology, and output Provide effective challenge on model rationale, reliability, stability, robustness, and limitations Identify model issues, confirm their resolution, and document validation findings for both technical and non-technical audiences Collaborate with model owners, developers, and business leaders to deliver independent, value-added model risk management Assess the enterprise’s inherent and residual exposure to model risk based on its business processes, and risk management strategies Contribute thought leadership and insights on modeling, model risk management, model controls, and model governance Improve the efficiency and efficacy of existing model risk management processes Share industry knowledge, best practices, and notable validation findings with the Model Risk Team Requirements Bachelor’s Degree in a quantitative discipline Fellow of Society of Actuaries (FSA) or Associate of the Society of Actuaries (ASA); FSA preferred 7+ years of relevant experience within the Life, Annuity, or LTC insurance industries 3+ years of experience developing actuarial models in an actuarial software platform (Moody’s AXIS or MG-ALFA/Integrate preferred) Proficiency in SQL or programming languages such as Python, R, or SAS Familiarity with actuarial valuation, projections, experience study or pricing models Interest in adopting and building AI tools to improve how we work Ability to document models, processes, and validation findings for technical and non-technical audiences Ability to work independently, take ownership of projects, and self-study unfamiliar topics Nice to have Master’s degree in a quantitative discipline CERA designation Familiarity with predictive analytics, statistical techniques, or AI/machine learning models Experience with using AI tools to improve processes and boost productivity #J-18808-Ljbffr Jobtailor