Model Risk Consultant

Aflac, Incorporated

26d•Hybrid

About The Position

Aflac, a Fortune 500 company, is an industry leader in voluntary insurance products that pay cash directly to policyholders and one of America's best-known brands. Aflac has been recognized as Fortune’s 50 Best Workplaces for Diversity and as one of World’s Most Ethical Companies by Ethisphere.com. The company develops and empowers its people, cultivates relationships, gives back to its community, and celebrates every success. This role is hybrid, meaning you will be expected to report to one of our Aflac offices located in Columbus, GA for at least 60% of the work week, and work from your home (within the continental US) for the remaining portion of the work week.

Requirements

Strong practical knowledge of insurance, finance, investments and/or mathematical or statistical Modeling
Strong programming skills and modeling experience to validate various model methodologies, calculations and processes
Ability to design, document, and communicate the validation process to risk committees and Management
Technical proficiency in SQL and cloud-based platforms (Snowflake preferred)
Technical proficiency in programming languages (Python and R preferred)
Ability to adapt to newer platforms that may be adopted to boost usage of ML/AI for process automation/validation
Advanced knowledge of Microsoft Office, particularly Excel with strong VBA (spread-sheet automation) skills
Excellent business partnering and communication skills
Ability to dive into technical and execution level details, connect the dots while thinking Strategically
Enthusiastic about developing and improving tools and processes, with a focus on efficiency and user friendliness
A proactive mindset with proven ability to manage projects independently and effectively
Ability to teach/train/onboard junior analysts to mathematical concepts, programming languages and ML/AI adaption
Excellent oral, written, and interpersonal communications skills to effectively interact with peers, management, and internal customers, and external vendor representatives
Bachelor's Degree in Mathematics, Statistics, Computer Science, Actuarial Science, Finance, Data Science, Risk Management, or other quantitatively intensive field
6 years of professional job-related work experience

Nice To Haves

Fellow of the Society of Actuaries (FSA), Chartered Financial Analyst (CFA), and/or Financial Risk Manager (FRM)
Insurance experience preferred

Responsibilities

Performs independent validations of actuarial, financial, investment, and/or predictive models
Reviews model methodology, assumptions, and documentation to ensure alignment with ASOPs, best practices, and internal model governance
Recreates model outputs using challenger models, simplified calculations, or benchmarking
Assesses data inputs for appropriateness, completeness, and transformation accuracy
Evaluates model implementation controls and change management evidence
Validates coding logic and implementation for business management software in programing languages such as SQL, R, Python, or VBA
Performs sensitivity testing, stress testing, and back testing to evaluate model robustness
Identifies model limitations, risks, and potential failure points
Prepares clear model validation reports that detail findings, issues, severity levels, and remediation recommendations
Works with model owners and business stakeholders to ask model-related questions and perform controls reviews
Presents results to Model Risk Management subcommittees and working groups
Tracks issue remediation and performs follow-up validations
Ensures adherence to internal MRM policies and regulatory requirements (e.g. SOX, BMA, NAIC)
Develops and enhances a streamlined process for model validations

Benefits

Medical coverage
Dental coverage
Vision coverage
Prescription drug coverage
Health care flexible spending
Dependent care flexible spending
Aflac supplemental policies (Accident, Cancer, Critical Illness and Hospital Indemnity offered at no costs to employee)
401(k) plans
Annual bonuses
Opportunity to purchase company stock
11 paid holidays
Up to 20 days PTO to be used for any reason
State-mandated sick leave (Washington employees accrue 1-hour sick leave for every 40 hours worked)
Other leaves of absence, if eligible, when needed to support your physical, financial, and emotional well-being
Compliance with all applicable leave laws, including, but not limited to, sick and safe leave, and adoption and parental leave, in all states and localities