About the role

  • Director of Actuarial Model Validation at Ameriprise Financial responsible for leading and implementing model validation activities, managing a team of validators.

Responsibilities

  • Manage a team of quantitative model validators to test and evaluate the conceptual soundness of actuarial models and assess limitations and suitability for use.
  • Lead and implement model validation activities, including validation, annual review, ongoing monitoring, findings management, and model use approvals.
  • Act as a subject matter expert in the key model risk area and other related modeling areas.

Requirements

  • Master’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)
  • 5-7 years of required experience
  • Significant recent experience in actuarial model design, product development, implementation, testing, and/or validation is required.
  • Deep understanding of the models, products, assumptions, and processes across different areas (Life Insurance / Annuity / Health, Inforce / New Business, ALM, Hedging)
  • Microsoft Office (e.g. Excel, Word, and PowerPoint), Actuarial modeling software (e.g. Prophet, AXIS, or ALFA, etc.)
  • Previous people leadership experience and proven ability to mentor and develop people.

Benefits

  • Health insurance
  • 401(k)
  • Vacation time
  • Sick time
  • Comprehensive benefits program

Job title

Director of Actuarial Model Validation

Job type

Experience level

Lead

Salary

$150,000 - $206,300 per year

Degree requirement

Postgraduate Degree

Location requirements

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