AVP, Actuarial Risk & Model Governance
AVP, Actuarial Risk & Model Governance
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
Job Summary
The AVP Actuarial Risk & Model Governance is a position within Enterprise Risk Management (ERM) focusing on the actuarial risks across the Company and with a specific focus on model risk management. The mission of ERM is to ensure the Company has a comprehensive framework for understanding the risks embedded in and across its businesses. This enables the Company to manage the risks effectively evaluate current and future risk challenges and opportunities and enhance shareholder value. As such the AVP Actuarial Risk & Model Governance is a high profile role with exposure throughout the organization and will leverage institutional knowledge from previous experience within F&G and/or the insurance industry to enable ERM to assess aggregate risks. This role will also monitor model control standards model risk assessments and model issue remediations.
Organization
This position reports to the VP Head of Investment Risk and will have responsibility for managing a team. This position will interact with actuaries in the First Line of Defense within the business.
Duties and Responsibilities
This role on the Risk Management team will be responsible for supporting risk management of the business including risk governance risk metrics and model risk management. Following are specific responsibilities associated with this position:
- Advocate for Model Risk across the organization and ensure alignment of model risk policy implementation
- Educate train and provide guidance to model owners throughout the company about the Model Risk Management Policy
- Identify models utilized within the organization and maintain a model inventory
- Monitor model control standards model risk assessments and model issue remediation in partnership with responsible teams
- Partner with corporate actuarial to develop assumptions/methodologies in AXIS for use in risk applications such as stress testing and economic capital
- Advise on actuarial projects including analyses of issues and problems or recommendations of solutions and other related to actuarial issues in the development of products pricing strategies financial forecasts reserve valuation experience and risk analysis
- Support overall risk governance for the company including maintenance of risk inventory and policies and preparing regular analyses and reports for management
- Communicate effectively with manager and other team members and successfully collaborate with other departments and partners to achieve objectives
- Stay up to date on relevant regulatory guidelines and industry standards related to model risk management
Experience and Education Requirements
- Bachelors Degree in Actuarial Science Math Finance Statistics or other related area
- Achieved FSA
- 10 years of experience required within the Actuarial field and/or with actuarial models
- Experience leading a team
- Familiarity with life insurance and/or annuity product knowledge is required
- Experience in formal controls and working with auditors is preferred
- Significant recent experience in actuarial model design development implementation testing and/or validation is required
- Understanding of actuarial projections and interactions between various product features and actuarial calculation results
Knowledge Skills and Abilities
- Solid oral and written communication and problem-solving skills
- Good time-management skills; ability to manage competing priorities and deadlines
- Experience with Microsoft Office Products (Excel Access Word Powerpoint)
- Knowledge of insurance products and insurance company operations
- Demonstrate ability to apply actuarial principles to complex situations
- Highly motivated self-starter & team player with a high energy level and willingness to take on responsibility
- Strong working knowledge of actuarial modeling systems; Moodys AXIS experience preferred
- Excellent verbal written interpersonal and communication skills
- Able to work and communicate effectively with employees at all levels from various areas within the Company
- Strong problem-solving skills that include advanced analytical and reasoning abilities and ability to juggle multiple priorities simultaneously
- Self-starter who demonstrates strong initiative and is able to operate efficiently in unpredictable and challenging project environments
- Team player who has the ability to function as a key member of a small group with demonstrated ability to proactively identify areas for improvement
- Highly organized and disciplined enforcer of model governance protocols
- Strong understanding of actuarial projections and interactions between various product features and actuarial calculation results
- Unconditional integrity and commitment to delivering accurate information on schedule with committed dates of delivery
- Support effective partnerships with key groups and individuals while possessing superior consultation and change management skills
Other Requirements
- Perform other functions duties and projects as assigned
- Regular and punctual attendance
- Minimal travel required (less than 10%)
#IND-HP
#LI-MK1
#LI-Remote.
Additional Information
Work Environments
F&G believes in an employee-centric flexible environment which is why we offer the ability for in-office hybrid and remote work arrangements. During the hiring process youll work with your leader to decide what works best for your role.
F&G complies with federal and state disability laws and makes reasonable accommodations for applicants and candidates with disabilities unless such accommodation would cause an undue hardship for F&G. If reasonable accommodation is needed to participate in the job application or interview process please contact
Join our employee-centric hybrid work environment: F&G Careers
About F&G
Since 1959 Fidelity & Guaranty Life Insurance Company (F&G) has offered annuity and life insurance products to those who are seeking security in retirement and protection during lifes unexpected events.
As a national Top Workplace1 an Iowa Top Workplace2 and a proud equal opportunity employer F&G team members are empowered collaborative dynamic and authentic. We believe that by embracing these values we will continue to build and strengthen the company while continuing to be a great place to work.
1Top Workplaces USA
2Des Moines Register Top Workplaces
Notice for all Applicants who are California residents under the California Privacy Rights Act. Please click here to review the policy.
Required Experience:
Exec
Employment Type
Full Time
