Quant Model Validator - Actuarial @ Ameriprise Financial

Responsible for executing model validation activities, including validation, annual review, ongoing monitoring, findings management, and model use approvals for low-, moderate- or high-risk models. May coordinate with a team of 1-2 quantitative model validators to test and evaluate the conceptual soundness of actuarial and other models and assess limitations and suitability for use. Subject matter expertise in Insurance and Actuarial Modeling, or Statistical and Stochastic processes.

Key Responsibilities:

• Conducts annual reviews of low-, moderate-, or high-risk models.
• Responsible for validation scripts, validation report and report reviews of low-, moderate- or high-risk model validations.
• Consults with model owners and model developers to promote best practices and resolve questions or deficiencies.
• Establishes the scope and testing of low-, moderate- or high-risk model validations, providing guidance as necessary on complex issues
• Supports model governance policies and procedures, templates, and risk reporting and provides level 2 technical support to business.

Required Qualifications:

• Has a minimum of 7 years of experience in model risk management in insurance or banking.
• Has a masters degree in science, math, statistics, or related area.

Preferred Qualifications:

• Actuarial designation or substantial progress toward a designation such as Associate of the Society of Actuaries, USA or Fellow of the Society of Actuaries, USA. Designations from other actuarial organizations will also be considered.
• PhD
• Familiar with SR 11-7/OCC 2011-12.
  

Ameriprise India LLP has been providing client based financial solutions to help clients plan and achieve their financial objectives for 125 years. We are a U. S. based financial planning company headquartered in Minneapolis with a global presence. The firm s focus areas include Asset Management and Advice, Retirement Planning and Insurance Protection. Be part of an inclusive, collaborative culture that rewards you for your contributions and work with other talented individuals who share your passion for doing great work. You ll also have plenty of opportunities to make your mark at the office and a difference in your community. So if youre talented, driven and want to work for a strong ethical company that cares, take the next step and create a career at Ameriprise India LLP.