A reputable Life & Annuity Insurance firm is seeking a highly skilled and experienced Assistant Vice President (AVP), Actuary Model Governance to join their team. The AVP will play a pivotal role in managing the governance and risk management of actuarial models across the organization, ensuring compliance with regulatory requirements and internal standards.
Key Responsibilities:
- Model Governance: Develop, implement, and maintain governance frameworks, policies, and procedures for actuarial models.
- Model Risk Management: Identify, assess, and manage risks associated with actuarial models, ensuring they adhere to regulatory guidelines and internal risk management standards.
- Model Validation: Lead and coordinate validation activities for actuarial models, including performance monitoring, back-testing, and periodic reviews.
- Continuous Improvement: Stay updated on industry trends and regulatory changes to continuously enhance the actuarial model governance framework.
Qualifications:
- Education: Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field. Fellowship in the Society of Actuaries (FSA) or equivalent is required.
- Experience: Minimum of 7 years of experience in actuarial model risk management, model governance, or a related field within the financial services industry.
- Technical Skills: Strong understanding of actuarial modeling, risk management principles, and regulatory requirements. Proficiency in actuarial software and programming languages such as Python, R, or SAS is a plus.
- Analytical Skills: Exceptional analytical and problem-solving skills, with the ability to assess complex actuarial models and identify potential risks.
- Communication Skills: Excellent written and verbal communication skills, with the ability to effectively present complex information to senior management and stakeholders.
- Leadership Skills: Proven ability to lead and mentor a team, manage multiple projects simultaneously, and drive continuous improvement initiatives.
