AI Model Risk Validation Specialist

The Mutual Group

1d • $100,000 - $135,000 • Hybrid

About The Position

Serve as the independent validator of AI Systems, responsible for technical assessment, model risk evaluation, and ongoing monitoring of AI/ML models across The Mutual Group and its member insurance carriers. This is a highly hands-on individual contributor role focused exclusively on AI Systems, with emphasis on predictive models impacting underwriting, claims, and decision-making. The role supports the AIS Program by providing objective, technical validation input into governance and approval decisions. Work Arrangement: Employees who live within 30 miles of the TMG home office are expected to follow a hybrid or in-office schedule. The initial training period may require additional in‑office days.

Requirements

• 5+ years in data science, model risk management, or AI/ML validation
• Experience working with predictive models in regulated environments (insurance or financial services preferred)
• Strong understanding of: Machine learning models and statistical techniques Model evaluation and validation methodologies Bias and fairness concepts Model lifecycle management
• Familiarity with: NAIC AI Model Bulletin NIST AI RMF Model governance and validation standards
• Ability to translate technical findings into business and risk implications

Responsibilities

• Model Validation (Core Responsibility) Perform independent validation of AI/ML models, including: Model design, methodology, and assumptions Training and test data quality and representativeness Performance metrics, thresholds, and benchmarking Review vendor-provided FactSheets and technical documentation for completeness and accuracy
• Risk Assessment Evaluate key model risks, including: Bias and fairness Explainability and interpretability Model limitations and edge cases Assess alignment with: NAIC expectations Model risk management practices Identify gaps and recommend risk mitigation strategies
• Governance Integration Provide independent validation input into AI governance decisions Support the AIS / Security Governance Team by contributing technical risk perspectives during AI system reviews Act as a second-line reviewer to challenge assumptions and strengthen decision-making
• Ongoing Monitoring Lead twice-annual validation of AI Systems Monitor predictive models for: Drift Stability Performance degradation Ensure monitoring practices align with AIS Program requirements Recommend corrective actions when performance or risk thresholds are breached
• Documentation & Audit Support Maintain model validation documentation for: Internal audit Regulatory review Ensure validation results are: Clearly documented Traceable and reproducible Support inquiries with technical analysis and evidence

Benefits

• Competitive base salary plus incentive plans for eligible team members
• 401(K) retirement plan that includes a company match of up to 6% of your eligible salary
• Free basic life and AD&D, long-term disability and short-term disability insurance
• Medical, dental and vision plans to meet your unique healthcare needs
• Wellness incentives
• Generous time off program that includes personal, holiday and volunteer paid time off
• Flexible work schedules and hybrid/remote options for eligible positions
• Educational assistance

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed