Ameriprise Financial - New York, NY

posted 3 months ago

Part-time,Full-time - Senior
New York, NY
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. This role involves testing and evaluating the conceptual soundness of actuarial models, assessing their limitations, and ensuring their suitability for use. The position requires leadership in model validation activities and serves as a subject matter expert in model risk and related areas.

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 key model risk areas 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 with the ability to mentor and develop team members.
  • Ability to apply strategic and analytic techniques to provide business solutions and recommendations.
  • Strong written and verbal communication skills.

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

  • Competitive and comprehensive benefits program supporting health and well-being.
  • Variable pay in the form of bonuses, commissions, and/or long-term incentives.
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