Job Description
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
About Our Company
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 you're 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.
Ameriprise India LLP is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, genetic information, age, sexual orientation, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.
Full-Time/Part-Time
Full time
Timings
(2:00p-10:30p)
India Business Unit
AWMPO AWMP&S President's Office
Job Family Group
Business Support & Operations
