Genworth · 17 hours ago
Actuary, Model Risk
Richmond, VA
Full-time
Hybrid
Senior Level
$116K/yr - $220K/yr
5+ years expGenworth is a company dedicated to empowering families to navigate the aging journey with confidence. They are seeking an Actuary for the Model Risk Team to assess and manage model risk for various business functions, lead independent model validations, and collaborate with model owners and business leaders to enhance model risk management practices.
FinanceFinancial ServicesFinTechInsurance
No H1B
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
Qualification
Required
Bachelor's Degree in a quantitative discipline
5-7+ years of relevant experience within the Life, Annuity, or LTC insurance industries
3+ years of experience developing actuarial models
Proficiency in SQL and programming languages such as Python, R, or SAS
Knowledge of actuarial valuation, projections, experience study, and pricing models
Familiarity with predictive analytics, statistical techniques, and AI/machine learning models
Experience with using AI tools to improve processes and boost productivity
Ability to document models, processes, and validation findings for both technical and non-technical audiences
Ability to work independently, take ownership of projects, and self-study unfamiliar topics as needed
Preferred
Fellow of Society of Actuaries (FSA) preferred or Associate of the Society of Actuaries (ASA)
Master's Degree in a quantitative discipline
CERA designation
Model development experience with Moody's AXIS and/or MG-ALFA
Benefits
Competitive Compensation & Total Rewards Incentives
Comprehensive Healthcare Coverage
Multiple 401(k) Savings Plan Options
Auto Enrollment in Employer-Directed Retirement Account Feature (100% employer-funded!)
Generous Paid Time Off – Including 12 Paid Holidays, Volunteer Time Off and Paid Family Leave
Disability, Life, and Long Term Care Insurance
Tuition Reimbursement, Student Loan Repayment and Training & Certification Support
Wellness support including gym membership reimbursement and Employee Assistance Program resources (work/life support, financial & legal management)
Caregiver and Mental Health Support Services
Company
Genworth
Genworth is an insurance company that is dedicated to help people secure their financial lives, families, and futures.
1001-5000 employees
Funding
Current Stage
Public CompanyTotal Funding
$450.1M2018-03-07Post Ipo Debt· $450M
2016-10-23Acquired
2016-10-09Post Ipo Equity· $0.1M
Leadership Team
Thomas J. McInerney
Chief Executive Officer
Michael S. Laming
SVP Human Resources
Recent News
Business Wire
2025-11-01
2025-10-24
Company data provided by crunchbase