- $104,150.00 -170,550.00/year*
Financial Services - Insurance
15 Statesir Pl
AXA Equitable recently went through an IPO and became a publicly listed company. As part of the IPO process, senior management identified substantial additional investments to make within the Actuarial and Risk organizations. Model Risk Management is one such growth area identified within the Risk team. This team performs many risk management (e.g. second line) functions around model governance. This position offers a unique opportunity to shape a growing team and institute best practices at a company experiencing rapid and positive change.
The Actuary - Model Risk Governance will be a member of the Model Risk Management team that oversees management of the risk inherent in models (e.g. Actuarial, financial) used throughout the company.
Opportunities include: Help establish a dynamic new team and function following the IPO Exposure to leaders and managers within Risk Management, Actuarial, and wider Finance Positively impact decision making by securing the models used for financial reporting, risk measurement, pricing, and strategic business decisions Deepen understanding of the products, assumptions, models, and processes across different areas (Life Insurance/Annuity/Health, Inforce/New Business, Individual / Group) Enhance modeling and risk management skills Be part of a growing industry-wide actuarial and risk practice area
Responsibilities include: Perform risk review of model changes and supporting documentation Perform risk review of new models & implementations and supporting documentation. This includes a review of the model design document and the model owner s testing plan, if applicable, early in the development cycle. Perform risk review of new model findings/simplifications and supporting documentation. Help confirm that eliminations of model findings/simplifications are appropriate. Perform risk review of new topsides (financial reporting adjustments outside of the production models) and the quarterly model topside summary Support an effective Model Governance Committee and the related processes (Model Governance, Findings/Simplification, Topsides, New Model & Implementation, Model Inventory & Risk Assessment), including monitoring of key inventories Support developing, maintaining, and enforcing model risk policies and standards Ensure risk reviews are properly documented and evidenced, including detailed support as applicable Ensure compliance with Sarbanes-Oxley (SOX) controls and evidence retention Support or perform model validations on new models & implementations, in coordination with the Model Validation team As needed, support or perform model validations on existing models, to assist the Model Validation team Help expand model governance into new areas (e.g. support review of pricing models and their simplifications) Foster constructive relationships with the modeling teams Liaise with management, external auditors, internal audit, and SOX teams as needed
Bachelor's Degree in Actuarial Science, Math or related discipline
ASA or FSA with at least 4 years of actuarial experience
Experience reviewing models or supporting documentation
Experience with liability modeling and actuarial projection systems (GGY-AXIS is a plus)
Experience with US GAAP and/or Statutory financial reporting
Risk Management (in particular model governance) or audit experience is a plus
Software skills including MS Office/Excel/VBA
Experience with Variable Annuities with enhanced Guarantees (GMxB s) and/or Universal/Variable/Indexed Life Insurance is a plus
Must possess strong accountability, high quality of work ethic, strong organizational skills, strong interpersonal & communication skills, and be a good self-starter ABOUT AXA
We have been providing stability and reliability to our clients since 1859 to help them live their lives with confidence, to give them peace of mind, and enable them to realize their dreams for their loved ones and their legacy.
As an employer AXA is committed to creating an environment where everyone feels completely comfortable bringing their true selves to work every day. AXA US has been recognized and certified as a great place to work by the Great Place to Work Institute.
We provide our employees opportunities to move within our organization so they can grow their career and skills without ever having to leave AXA. Almost 40% of our open jobs are filled with current employees.
NOTE: AXA participates in the E-Verify program.
In addition to competitive compensation and an outstanding benefits package including 401 (k) and medical programs, we offer the opportunity for continued professional development in a congenial corporate environment.
AXA is committed to providing equal employment opportunities to our employees, applicants and candidates based on individual qualifications, without regard to race, color, religion, gender, gender identity and expression, age, national origin, mental or physical disabilities, sexual orientation, veteran status, genetic information or any other class protected by federal, state and local laws.
About AXAWould you like to wake up every day driven and inspired by our noble mission and to work together as one global team to empower people to live a better life? Here at AXA we strive to lead the transformation of our industry. We are looking for talented individuals who come from varied backgrounds, think differently and want to be part of this exciting transformation by challenging the status quo so we can push AXA - a leading global brand and one of the most innovative companies in our industry - onto even greater things. In a fast-evolving world and with a presence in 64 countries, our 166,000 employees and exclusive distributors anticipate change to offer services and solutions tailored to the current and future needs of our 103 million customers.
.What We Offer.
Associated topics: actuarial, actuarial assistant, actuary consultant, analyst, assistant actuary, associate actuary, life actuary, mathmatics, retirement actuary, risk
* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.
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