Assess and manage model risk for Genworth's US Life Insurance, CareScout Insurance, CareScout Services businesses, and Genworth’s Investment and Corporate functions
Lead independent model validations, partner with model owners and business leaders, and help advance best-in-class model risk management practices across the enterprise
Validate that models are fit for purpose and functioning as expected based on their design, input data, methodology, and output
Provide effective challenge on model rationale, reliability, stability, robustness, and limitations
Identify model issues, confirm their resolution, and document validation findings for both technical and non-technical audiences
Collaborate with model owners, developers, and business leaders to deliver independent, value-added model risk management
Assess the enterprise’s inherent and residual exposure to model risk based on its business processes, and risk management strategies
Contribute thought leadership and insights on modeling, model risk management, model controls, and model governance
Improve the efficiency and efficacy of existing model risk management processes
Share industry knowledge, best practices, and notable validation findings with the Model Risk Team

Requirements

Bachelor’s Degree in a quantitative discipline
Fellow of Society of Actuaries (FSA) preferred or Associate of the Society of Actuaries (ASA)
5-7+ years of relevant experience within the Life, Annuity, or LTC insurance industries
3+ years of experience developing actuarial models
Proficiency in SQL and programming languages such as Python, R, or SAS
Knowledge of actuarial valuation, projections, experience study, and pricing models
Familiarity with predictive analytics, statistical techniques, and AI/machine learning models
Experience with using AI tools to improve processes and boost productivity
Ability to document models, processes, and validation findings for both technical and non-technical audiences
Ability to work independently, take ownership of projects, and self-study unfamiliar topics as needed
Nice to have Master’s Degree in a quantitative discipline
CERA designation
Model development experience with Moody’s AXIS and/or MG-ALFA

Benefits

Competitive Compensation & Total Rewards Incentives
Comprehensive Healthcare Coverage
Multiple 401(k) Savings Plan Options
Auto Enrollment in Employer-Directed Retirement Account Feature (100% employer-funded!)
Generous Paid Time Off – Including 12 Paid Holidays, Volunteer Time Off and Paid Family Leave
Disability, Life, and Long Term Care Insurance
Tuition Reimbursement, Student Loan Repayment and Training & Certification Support
Wellness support including gym membership reimbursement and Employee Assistance Program resources (work/life support, financial & legal management)
Caregiver and Mental Health Support Services

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools

SQLPythonRSASactuarial modelsactuarial valuationprojectionsexperience studypricing modelspredictive analytics

Soft Skills

independent workownership of projectsself-studyeffective communicationcollaborationthought leadershipproblem-solvingdocumentation

Certifications

Fellow of Society of Actuaries (FSA)Associate of the Society of Actuaries (ASA)CERA designation