Director of Actuarial Model Validation at Ameriprise Financial responsible for leading and implementing model validation activities, managing a team of validators.
Responsibilities
Manage a team of quantitative model validators to test and evaluate the conceptual soundness of actuarial models and assess limitations and suitability for use.
Lead and implement model validation activities, including validation, annual review, ongoing monitoring, findings management, and model use approvals.
Act as a subject matter expert in the key model risk area and other related modeling areas.
Requirements
Master’s degree in actuarial science, Data Science, Mathematics, Financial Engineering, Economics, or another analytical field of study is required.
Fellow of the Society of Actuaries (FSA)
5-7 years of required experience
Significant recent experience in actuarial model design, product development, implementation, testing, and/or validation is required.
Deep understanding of the models, products, assumptions, and processes across different areas (Life Insurance / Annuity / Health, Inforce / New Business, ALM, Hedging)
Microsoft Office (e.g. Excel, Word, and PowerPoint), Actuarial modeling software (e.g. Prophet, AXIS, or ALFA, etc.)
Previous people leadership experience and proven ability to mentor and develop people.
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