Actuarial Risk & Model Governance

Summary

Join Fidelity & Guaranty Life Insurance Company (F&G) as the AVP, Actuarial Risk & Model Governance, a high-profile role within Enterprise Risk Management (ERM). You will focus on actuarial risks across the company, with a specific emphasis on model risk management. This position involves advocating for model risk, educating model owners, maintaining a model inventory, and monitoring model control standards. You will partner with corporate actuarial teams, advise on actuarial projects, and support overall risk governance. The role requires leading a team and interacting with actuaries in the business units. This position offers a flexible work environment, allowing for in-office, hybrid, or remote work arrangements.

Requirements

• Bachelors Degree in Actuarial Science, Math, Finance, Statistics or other related area
• Achieved FSA
• 10+ years of experience required within the Actuarial field and/or with actuarial models
• Experience leading a team
• Familiarity with life insurance and/or annuity product knowledge is required
• Significant recent experience in actuarial model design, development, implementation testing and/or validation is required
• Understanding of actuarial projections and interactions between various product features and actuarial calculation results
• Solid oral and written communication and problem-solving skills
• Good time-management skills; ability to manage competing priorities and deadlines
• Experience with Microsoft Office Products (Excel, Access, Word, Powerpoint)
• Knowledge of insurance products and insurance company operations
• Demonstrate ability to apply actuarial principles to complex situations
• Highly motivated, self-starter & team player with a high energy level and willingness to take on responsibility
• Excellent verbal, written, interpersonal, and communication skills
• Able to work and communicate effectively with employees at all levels from various areas within the Company
• Strong problem-solving skills that include advanced analytical and reasoning abilities, and ability to juggle multiple priorities simultaneously
• Self-starter who demonstrates strong initiative and is able to operate efficiently in unpredictable and challenging project environments
• Team player who has the ability to function as a key member of a small group, with demonstrated ability to proactively identify areas for improvement
• Highly organized and disciplined enforcer of model governance protocols
• Strong understanding of actuarial projections and interactions between various product features and actuarial calculation results
• Unconditional integrity and commitment to delivering accurate information on schedule with committed dates of delivery
• Support effective partnerships with key groups and individuals while possessing superior consultation and change management skills

Responsibilities

• Advocate for Model Risk across the organization and ensure alignment of model risk policy implementation
• Educate, train, and provide guidance to model owners throughout the company about the Model Risk Management Policy
• Identify models utilized within the organization and maintain a model inventory
• Monitor model control standards, model risk assessments, and model issue remediation in partnership with responsible teams
• Partner with corporate actuarial to develop assumptions/methodologies in AXIS for use in risk applications such as stress testing and economic capital
• Advise on actuarial projects including analyses of issues and problems or recommendations of solutions and other related to actuarial issues in the development of products, pricing strategies, financial forecasts, reserve valuation, experience and risk analysis
• Support overall risk governance for the company, including maintenance of risk inventory and policies, and preparing regular analyses and reports for management
• Communicate effectively with manager and other team members, and successfully collaborate with other departments and partners to achieve objectives
• Stay up to date on relevant regulatory guidelines and industry standards related to model risk management
• Perform other functions, duties and projects as assigned
• Regular and punctual attendance
• Minimal travel required (less than 10%)

Preferred Qualifications

• Experience in formal controls and working with auditors is preferred
• Strong working knowledge of actuarial modeling systems; Moody’s AXIS experience preferred

Benefits

F&G believes in an employee-centric flexible environment, which is why we offer the ability for in-office, hybrid and remote work arrangements