Sr Quant Model Validator - Actuary/Insurance @ Ameriprise

The Sr. Manager Quantitative Model Validator position will report directly to VP - Quantitative Model Validation and manages a team of quantitative model validators to test and evaluate the conceptual soundness of actuarial models and assess limitations and suitability for use

Key Responsibilities:

• Subject matter authority in the key model risk area and other related modeling areas.
• Responsible for managing and executing model validation activities, including validation, annual review, ongoing monitoring, findings management, and model use approvals for low-, moderate-, or high-risk models.
• Leads a team of junior quantitative model validators to test and evaluate the conceptual soundness of models and assess limitations and suitability for use.
• Subject matter expert in a key model risk area such as Artificial Intelligence/Machine Learnings, Statistical and Stochastic processes, Finance/Banking/Econometrics or Insurance and Actuarial Modeling.

Required Qualifications:

• Bachelor s degree in Actuarial Science, Data Science, Mathematics, Financial Engineering, Economics, or another analytical field of study is required.
• Fellow of the Society of Actuaries (FSA), or Associate of the Society of Actuaries (ASA) with a minimum of 10 years of experience post-ASA, is required.
• Significant recent experience in actuarial model design, product development, implementation, testing and/or validation is required.
• Deepen understanding of the models, products, assumptions, and processes across different areas (Life Insurance / Annuity / Health, Inforce / New Business, ALM, Hedging)
• Experience with various software packages commonly used in actuarial practice such as
• Microsoft Office (e.g. Excel, Word, and PowerPoint),
• Actuarial modeling software (e.g. Prophet, AXIS, or ALFA, etc.), and
• Programming / database languages (e.g. Python, C++, VBA, SQL, R, or SAS)
• Previous people leadership experience and shown ability to mentor and develop people.
• Confirmed ability to apply both strategic and analytic techniques to provide business solutions and recommendations.
• Ability to work independently with high initiative and comfortable working optimally in a collaborative team environment.
• Proven success in communicating sophisticated information to senior management in a compelling fashion.
• Strong written and verbal communication skills.
• Leads organizational change with varying audiences, can successfully influence partners.

Preferred Qualifications:

• FSA Designation
• Experience with Variable Annuities with enhanced Guarantees (GMxB s), Structured Annuities / RILA and/or Universal/Variable/Indexed Life Insurance
• Must possess established communication, collaboration, and organizational skills
• High level of accountability, quality of work ethic and proactivity