Director & Actuary, Model Risk - Work Remote

Company: Genworth
Location: Richmond
Posted on: October 17, 2020

Job Description:

Job Description POSITION TITLE Director & Actuary, Model Risk LOCATION Richmond, VA or Remote At Genworth, we are committed to caring for our customers and for the safety of our colleagues. In the event the office is inaccessible (i.e. Inclement Weather), this role may be required to work remotely YOUR ROLE The Model Risk Team manages model risk for Genworth's US Life Insurance division, Investment function and Corporate segment. You will assess model risk, lead model validations, provide thought leadership on model risk and modeling techniques and provide technical guidance to the modeling community and Model Risk Team. YOUR RESPONSIBILITIES * Assesses model risk through understanding of actuarial process and controls, data sources and transformation, assumption development and implementation, model development, model governance, and the model inventory * Lead model validations for actuarial and other quantitative models * Establish and cultivate relationships with model owners, other functions and the businesses * Provide independent assessment of remediated model issues, model documentation, model inputs (data and assumptions), model processing and calculations, interactions among models and tools, model output (to final reporting), and model controls and the control environment * Evaluate, and provide effective challenge of: model rationale, reliability, stability, and robustness * Draw independent conclusions on model issues for remediation and a model's "fit for purpose" * Collaborate with model owners, other functions and the businesses to deliver independent and value-added model risk management * Provide thought leadership and insights on actuarial best practices for model risk, model validation, modeling techniques, model governance and controls * Demonstrate leadership on the team and provide guidance and mentorship to more junior staff YOUR QUALIFICATIONS * 7 + years of relevant Actuarial or Risk experience within the insurance industry * 5 + years' experience in building and improving actuarial models (in GGY AXIS or another platform) * Fellow of Society of Actuaries (FSA) designation or Associate (ASA) with commensurate experience * Knowledge of actuarial processes: valuation, projections, experience and pricing * Knowledge of model risk, model validation and modeling techniques * Results oriented, accountable for performance, and willingness to take ownership of projects ADDITIONAL QUALIFICATIONS * Experience validating actuarial models * CERA certification or an advanced degree in a quantitative discipline * Advanced proficiency in multiple actuarial modeling platforms and modeling languages * Familiarity with actuarial models in the LTC, Life and Annuity businesses WHY GENWORTH? * We have a real impact on the lives of the people we serve * We work on challenging and rewarding projects * We give back to the communities where we live * We offer competitive benefits including: * Medical, Dental, Vision, Flexible Spending Account options beginning your first day * 20 days of Choice Time Off your first full year * 12 Paid Holidays * 40 hours of volunteer time off * 401K Account with matching contributions * Tuition Reimbursement and Student Loan Repayment * Paid Family Leave * Child Care Subsidy Program COMPANY Genworth Financial, Inc. is a leading insurance holding company committed to helping families achieve the dream of home ownership and address the financial challenges of aging through its leadership positions in mortgage insurance and long term care insurance. Headquartered in Richmond, Virginia, Genworth traces its roots back to 1871. We know we can't deliver on our mission unless we deliver for our employees. That's why we're committed to creating a work environment that fosters diversity, inclusion, camaraderie, rewarding work, community involvement, and a focus on our employees' well-being. We know each employee contributes in their own unique way and we're dedicated to supporting every one of them to help them reach their full potential.

Keywords: Genworth, Richmond , Director & Actuary, Model Risk - Work Remote, Other , Richmond, Virginia