ERM Senior Model Risk Analyst – Hartford CT-Hybrid Preferred, or US-Remote Possible
Overview :
This position will report into the Head of Model Risk in Enterprise Risk Management (ERM). The ERM team is composed of Actuaries, CFA charter holders, and risk professionals and is tasked with, among other things :
Identifying and Assessing Risks
Developing and testing of the Company’s Risk Appetite
Developing and maintenance of the Company’s Risk Management Framework
Establishing risk tolerances, and Limits
Risk monitoring; and internal and external risk reporting
Responsibilities :
Develops, implements, and communicates model risk policies and procedures
Supports the oversight and challenge of key model risk activities including model documentation, model adoption and change, and model validation
Maintains a model risk register and follows up with key stakeholders on the remediation of findings
Develops comprehensive and detailed model risk reports to help monitor and manage model risk
Maintains a centralized catalogue of key MRM artifacts including Policy, Standards, templates, training materials, MRM risk register, leadership team meeting materials, and program execution documents
Assesses and monitors model risk exposures
Maintains and updates a centralized model and tool inventory
Supports model and tool validations as appropriate
Supports the training of MRM program objectives and requirements
Establishes strong relationships with model owners, model business owners, and model business users
Supports the oversight and management of Operational risks in the Finance, Actuarial, and Investment departments.
Collaborates with Finance, Actuarial, and Finance representatives to identify key operational risks and develop effective mitigation strategies
Qualifications :
Bachelor's degree or higher in a quantitative discipline
7+ years of experience required, with focus on model risk, actuarial and finance processes, operational risk, and / or insurance industry preferred
Strong project management and collaboration skills
Strong attention to detail and well organized; ability to prioritize, multi-task and work independently while delivering superior outcomes