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Ameriprise Financial - Minneapolis, MN
posted 3 months ago
Full-time - Senior
Minneapolis, MN
10,001+ employees
Credit Intermediation and Related Activities
About the position
The Director of Actuarial Model Validation at Ameriprise Financial is responsible for managing a team of quantitative model validators to ensure the conceptual soundness of actuarial models. This role involves leading model validation activities, acting as a subject matter expert in model risk, and providing strategic and analytical solutions to enhance business operations.
Responsibilities
- Manage a team of quantitative model validators to test and evaluate the conceptual soundness of actuarial models.
- 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
- Bachelor's degree in Actuarial Science, Data Science, Mathematics, Financial Engineering, Economics, or another analytical field of study.
- Fellow of the Society of Actuaries (FSA), or Associate of the Society of Actuaries (ASA) with a minimum of 6 years of experience post-ASA.
- Significant recent experience in actuarial model design, product development, implementation, testing and/or validation.
- Deep understanding of models, products, assumptions, and processes across different areas (Life Insurance / Annuity / Health, ALM, Hedging).
- Previous people leadership experience and ability to mentor and develop people.
- Ability to apply both strategic and analytic techniques to provide business solutions and recommendations.
- Ability to work independently with high initiative and in a collaborative team environment.
- Proven success in communicating sophisticated information to senior management.
Nice-to-haves
- FSA Designation
- Experience with Life products (UL/VUL/IUL/Term/Whole Life) and Health products (LTC, CI and DI)
- Established communication, collaboration, and organizational skills.
- High level of accountability, quality of work ethic and proactivity.
Benefits
- Meaningful career development opportunities
- Investment in future growth
- Impactful work for clients, institutions, and communities
