Chubb is seeking a highly motivated and experienced Model Governance Lead to join our growing Global Analytics team. This critical role will play a pivotal role in establishing and leading the implementation of a comprehensive model governance framework across all analytics functions globally.
As a recognized AI and modeling expert, you will ensure the responsible development, deployment, and monitoring of our models, mitigating risks, and maximizing their positive impact on Chubb's business.
Responsibilities :
- Develop and implement a global model governance framework for Chubb :
- Define and adapt industry best practices to Chubb's specific needs and regulatory requirements.
- Develop and document clear model governance standards, policies, and procedures aligned with Chubb's risk appetite and regulatory environment.
- Design and implement processes for robust model validation, monitoring, and performance assessment, including stress testing and backtesting.
- Establish a risk management framework for model development and use, considering factors like fairness, explainability, and bias mitigation.
- Define clear roles and responsibilities for stakeholders involved in the model lifecycle within Chubb's organizational structure.
- Lead the implementation of the model governance framework across all analytics functions :
- Develop training programs and materials to educate Chubb employees on model governance principles and practices.
- Collaborate with cross-functional teams to integrate model governance procedures into existing workflows across underwriting, product development, pricing, claims, and other relevant departments.
- Review and approve models for deployment based on established governance requirements.
- Manage and track the performance of deployed models, identifying and addressing any potential issues or deviations.
- Provide regular reports and updates on model performance and governance adherence to senior stakeholders.
- Champion a culture of responsible AI and model development within Chubb.
- Stay current on industry best practices and emerging trends in model governance :
- Actively participate in relevant internal governance forums and committes
- Research and evaluate new tools and technologies that can enhance model governance effectiveness for Chubb.
- Share insights and best practices across the organization and contribute to the development of industry standards and regulations.
- Serve as a subject matter expert on AI and modeling :
- Provide guidance and support to Chubb teams on technical aspects of model development, deployment, and explanation.
- Conduct training sessions and workshops on AI and modeling concepts for various audiences within Chubb.
- Participate in research and development activities related to AI and modeling to advance Chubb's capabilities.
- Collaborate effectively with cross-functional teams :
- Build strong relationships and trust with stakeholders across all levels and departments within Chubb.
- Communicate effectively with both technical and non-technical audiences, tailoring communication to their specific needs and understanding.
- Influence and secure buy-in for model governance initiatives and foster collaboration across diverse teams.
- Manage and resolve conflicts effectively, prioritizing Chubb's overall objectives and risk management framework.
- Master's degree in Statistics, Computer Science, Data Science, Mathematics, or a related field.
- Minimum of 5 years of experience in model development, deployment, and monitoring, preferably within the insurance or financial services industry.
- Proven experience in developing and implementing model governance frameworks, ideally aligned with regulatory requirements like Solvency II and NAIC Model Governance Guidelines.
- Deep understanding of AI and modeling concepts, including machine learning algorithms, bias mitigation techniques, and explainability methods.
- Experience working with a variety of modeling tools and platforms commonly used in the insurance industry (., SAS, R, Python, TensorFlow).
- Excellent analytical and problem-solving skills.
- Strong communication and interpersonal skills, with a proven ability to communicate complex technical concepts clearly and concisely to diverse audiences.
- Proven ability to work independently and as part of a team, leading and motivating others while fostering collaboration.
- Excellent project management and organizational skills.
- Strong attention to detail and commitment to the highest quality standards.
- Passion for innovation and continuous learning, staying at the forefront of AI and modeling advancements.
Bonus Points :
- Experience working in a global, matrix-structured organization like Chubb.
- Understanding of regulatory compliance requirements for models within the insurance industry.
- Specific experience with model governance frameworks and tools relevant to the insurance industry.
The pay range for the role is $128,500 to $215,000. The specific offer will depend on an applicant’s skills and other factors.
This role may also be eligible to participate in a discretionary annual incentive program. Chubb offers a comprehensive benefits package, more details on which can be found .
The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.