Lead Actuary - Model Risk Management

Location NC, United States
Experience level Experienced Hire
Job details sector Life & Savings Insurance
Apply before Date not available
The Model Risk Management Actuary will be a member of the Model Risk Management team that oversees management of the risk inherent in models (e.g. Actuarial, financial) used throughout the company. They will support Model Governance, Model Validations, Model Change & New Model Management, Model Inventories & Risk Assessments, Model Policies, and other activities. Opportunities include:
  • Deepen understanding of products, assumptions, and processes across different areas (Life / Annuity / Health, Inforce / New Business) 
  • Enhance modeling and risk management skills 
  • Positively impact decision making by securing models used for financial reporting, pricing, and other strategic business decisions 
  • Help build out and establish a new team and function 
  • Exposure to Chief Risk Officer (CRO) and other leaders within Risk Management and Finance 
Responsibilities include:

  • Perform and support model validations (adherence to minimum 3-year validation schedule for financial reporting) and development or update of benchmark models (e.g. baselining spreadsheets).
  • Support model governance committee and process, including Risk Management review of model changes and new models.
  • Support completion and regular monitoring & review of the model findings inventory, including simplifications. 
  • Support completion of the model inventory and annual model risk assessment. 
  • Support development, implementation, and compliance monitoring of Model Risk Policies/Standards. 
  • Support Sarbanes-Oxley (SOX) processes around Model Governance, Change Management and Validation.
  • Support review of model documentation and help identify weak spots in process & documentation.
  • Support review of pricing models and signoff for CRO on new product approval process.
  • Support expansion of validation procedures beyond main liability projection models (GGY AXIS) as needed – Reserve valuation systems, Asset Liability Models, Asset Valuation, etc.

QUALIFICATIONS:

  • ASA with at least 4 years of actuarial experience, FSA a plus 
  • Experience with liability modeling & reporting and actuarial projection systems (GGY-AXIS is a plus) 
  • Software skills including MS Office/Excel/VBA 
  • Risk Management (in particular model validation or governance) or audit experience is a plus 
  • Must possess strong accountability, high quality of work ethic, strong organizational skills, solid interpersonal & communication skills, and be a good self-starter


ABOUT AXA

We have been providing stability and reliability to our clients since 1859 to help them live their lives with confidence, to give them peace of mind, and enable them to realize their dreams for their loved ones and their legacy.

As an employer AXA is committed to creating an environment where everyone feels completely comfortable bringing their true selves to work every day. AXA US has been recognized and certified as a great place to work by the Great Place to Work Institute.

We provide our employees opportunities to move within our organization so they can grow their career and skills without ever having to leave AXA. Almost 40% of our open jobs are filled with current employees.

NOTE: AXA participates in the E-Verify program.

In addition to competitive compensation and an outstanding benefits package including 401 (k) and medical programs, we offer the opportunity for continued professional development in a congenial corporate environment.

AXA is committed to providing equal employment opportunities to our employees, applicants and candidates based on individual qualifications, without regard to race, color, religion, gender, gender identity and expression, age, national origin, mental or physical disabilities, sexual orientation, veteran status, genetic information or any other class protected by federal, state and local laws.



Would you like to wake up every day driven and inspired by our noble mission and to work together as one global team to empower people to live a better life? Here at AXA we strive to lead the transformation of our industry. We are looking for talented individuals who come from varied backgrounds, think differently and want to be part of this exciting transformation by challenging the status quo so we can push AXA - a leading global brand and one of the most innovative companies in our industry - onto even greater things.
 
In a fast-evolving world and with a presence in 64 countries, our 166,000 employees and exclusive distributors anticipate change to offer services and solutions tailored to the current and future needs of our 103 million customers.

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