Associate Director, Model Validation jobs in United States
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Group 1001 · 15 hours ago

Associate Director, Model Validation

Group 1001 is a consumer-centric, technology-driven family of insurance companies focused on delivering outstanding value and operational performance. They are seeking an Associate Director of Model Validation to join their Risk team, responsible for conducting model validations related to annuities and life insurance products and supporting risk management efforts across the organization.

FinanceFinancial ServicesInsurance
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H1B Sponsor Likelynote

Responsibilities

Conduct model validations for annuities and life insurance products, supporting comprehensive oversight of the company’s model risks from data to delivery
Prepare and deliver reports to the Model Risk Committee on model validation outcomes, including risk assessment, appropriateness of fit, and remediation efforts
Ensure all enterprise models are captured on the model validation inventory and incorporated in the model review process
Maintain documentation and timetables of model review and associated findings
Coordinate remediation efforts with modeling units, providing structured guidance to support successful outcomes
Evaluate, challenge, and support the model development life cycle
Support Model Risk Committee initiatives related to model governance, including assumption governance
Support risk assessment and risk reporting across the company’s ERM framework, including risk metrics and key risk indicators
Prepare analyses related to policyholder behavior, market risks, and emerging risk

Qualification

Model validationActuarial expertiseFinancial modelingEnterprise risk managementAnnuityLife insuranceCommunication skillsAnalytical skillsRegulatory knowledgeProject managementOrganizational skills

Required

Associate of the Society of Actuaries (FSA) with 5+ years of experience, preferred
Bachelor's degree in actuarial science, risk management, mathematics, or a related field
Experience in model development, model production, or enterprise risk management in an insurance company
Extensive knowledge of annuity and life insurance products, including key projection components and reserving
Strong financial modeling and analytical skills
Familiarity with regulatory aspects of annuities and life products
Highly organized with strong communication and project management skills

Preferred

Chartered Enterprise Risk Analyst (CERA) is preferred
Experience with hedging models, credit models, and economic scenario generators is also beneficial

Benefits

Comprehensive health, dental, and vision insurance plan options
Basic and Supplemental Life Insurance
Short and Long-Term Disability
Employee Assistance Program
Wellness programs
401K plan, with matching contributions by the Company

Company

Group 1001

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Group 1001 is a collective that empowers companies to create positive growth. Our insurance and annuities are easy to understand and accessible to all.

H1B Sponsorship

Group 1001 has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2021 (1)
2020 (1)

Funding

Current Stage
Late Stage

Leadership Team

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Tony Marichal
VP of Annuity Operations
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Mark McCallister
Chief Internal Auditor
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Company data provided by crunchbase