Director Model Risk Management
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At a glance
Requirements
Credentials this posting asks for.
Job overview
Athene is hiring a Director Model Risk Management. The Director of Model Risk Management at Athene oversees model risk across the company, partners with business units to ensure compliance with policy, facilitates the model risk working group, manages model inventory, and provides oversight or conducts independent model validations, reporting findings to internal and external stakeholders.
Key focus areas include Oversee adherence to the Model Risk Management Policy and regulatory requirements, Facilitate the Model Risk Management working group, scheduling meetings and tracking action items, and Build and maintain relationships across business functions to foster model risk awareness.
Successful candidates bring 7+ Years Experience With Insurance Actuarial, Financial Or Risk Management Models, Bachelor's Degree In Actuarial Science Or Related Field, and Bachelor's Degree In Quantitative Finance Or Related Field. Important skills include Technical Skills, Communication Skills, Attention To Detail, US GAAP Accounting, and Model Risk Management. Preferred (not required): Analytical Skills, Relationship Building, Model Validation, and Insurance Actuarial Modeling.
Skills & qualifications
Skills
Qualifications
Full job description
We are driven to do more. More for our customers and the financial professionals who offer our products. If you are driven to do more and love the challenge of pursuing more, Athene is your kind of company. You will find we offer more than the basics to create an inclusive and dynamic work environment at our various locations.
Purpose:
The Director of Athene Model Risk supports the oversight of model risk across Athene, reporting to the VP Operational Risk & Change Management. In this role, they will contribute to the model risk management working group and support reporting to the Operational Risk Committee, Management Risk Committee, and Board Risk Committee. This role will partner with business units to achieve and sustain compliance with the Athene Model Risk Management Policy. Where independent model validation is required, they will either perform validations directly or oversee validation work conducted by other independent parties. This role covers a broad scope of models used across the organization, including but not limited to liability, investment, deal, pricing, financial planning, and derivative models. This role will assess models, evaluating their application and interconnectedness, conducting necessary testing, and issuing findings while proposing practical solutions to identified issues.
Accountabilities:
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Oversee adherence to the Athene Model Risk Management Policy and relevant regulatory requirements, ensuring compliance and supporting reporting to management on the state of model risk across Athene
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Facilitate the Model Risk Management working group, including scheduling meetings, setting agendas, coordinating cross-functional input, and tracking action items to closure
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Build and maintain key relationships across the business to foster model risk awareness and a strong risk culture, with functions across the organization including Actuarial, Finance, Risk, Tax, Treasury, Derivatives, and Internal and External Audit
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Build and maintain ongoing engagement with the business to identify new models or significant model changes and maintain the accuracy and completeness of model inventory within the Model Risk Management system
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Actively manage the model inventory within the model risk management system
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Provide oversight of independent validations conducted by internal or external subject matter experts, or perform independent validations in certain cases
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Serve as an effective challenger to first-line model owners and developers
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Oversee reporting on model risk to internal stakeholders (e.g., the Model Risk Management working group and the Operational Risk Committee) and, where applicable, external stakeholders such as regulators and auditors.
Qualifications and Experience:
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Seven or more (7+) years of working experience with insurance actuarial, financial or risk management models as a model developer or validator required, with knowledge of complex investment and financial markets desired
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A bachelor’s or higher degree in Actuarial Science, Quantitative Finance, Risk Management, Finance, Economics, Statistics, Mathematics, or a related field required
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An actuarial designation (e.g., FSA, ASA) or CFA, PRM, FRM designation desired
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Self-driven individual contributor with experience partnering with the business to execute validations under tight deadlines
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Fast learner with strong analytical and technical skills with sound judgment and attention to detail
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Excellent communication skills, with the ability to build and maintain strong working relationships across the organization
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Experience with US Statutory and US GAAP accounting and reporting beneficial
Drive. Discipline. Confidence. Focus. Commitment. Learn more about working at Athene (https://www.athene.com/careers) .
Athene is a Military Friendly Employer! Learn more about how we support our Veterans (https://www.athene.com/our-veterans) .
Athene is committed to inclusion and is proud to be an Equal Opportunity Employer. We do not discriminate on the basis of race, color, religion, sex, national origin, age, disability, marital status, sexual orientation, veteran status or any other status protected by federal, state or local law.
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