MassMutual is looking to conduct independent model validations for a wide variety of models integral to critical business decision making, product pricing, financial reporting, risk mitigation activities and business processes. The goal is to ensure the company's models are conceptually sound and performing as expected, protecting the company's reputation and financial stability through robust management of risks associated with the use of these models.
Requirements
- 3+ Microsoft Excel, Access, and VBA
- 3+ experience with Python
- Associate of Society of Actuaries (ASA)
- Fellow of Society of Actuaries (FSA)
- Charter Financial Analyst (CFA)
- Certificate in Quantitative Finance (CQF)
- Financial Risk Manager (FRM)
Responsibilities
- As a risk advisor, participate in the design, development and implementation of new models
- Conduct model validations in accordance with corporate model governance policy requirements and timelines, leveraging deep modeling, asset pricing, actuarial and regulatory expertise.
- Assess model design, theoretical construction, methodology, applicability, and resilience within evolving economic and risk environments, in accordance with corporate, actuarial and/or regulatory standards.
- Validate accuracy of model calculations, algorithms, and any embedded automation / programming code base.
- Design and implement tests to ensure model performance and model output are as expected.
- Prepare and distribute model validation documentation, which meets model governance requirements.
- Test remediation of validation findings.
Other
- Build relationships, influence, collaborate and learn various aspects of our business from many modelers, data-scientists, actuaries and business leaders at MassMutual.
- Ability to see the big picture with meticulous attention to detail
- Strong communication and collaboration skills, both written and verbal
- Demonstrated accountability and ownership of self-development
- Ability to build and maintain strong working relationships within and across teams, while challenging in a constructive manner
