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Position: Actuary - Model Validation
Institution: MetLife, Inc.
Location: New York, United States
Duties: Build independent challenger models using various actuarial and programing languages; Assess the conceptual and theoretical soundness of each model based on mathematical, actuarial and finance theories; Use data science techniques to evaluate the appropriateness of assumptions, data sources and reliability of inputs; Test model output through back testing, sensitivity analysis, stress testing or other analysis as applicable; Assist in writing and reviewing validation reports illustrating the relevant results of theoretical review and testing, calling attention to areas of concern, and/or uncertainty; Monitor findings, recommendations and management action plans resulting from validation reports, ensuring actions taken appropriately to address concerns; Review and challenge annual model risk assessments; Prepare metrics reporting as necessary
Requirements: Bachelor's degree in mathematics, statistics, actuarial science, finance, investment and securities and investment management; 3+ years’ experience working in the insurance industry; ASA or FSA designation; Prior modeling experience and knowledge of programming languages; Excellent verbal and written communication skills; Ability to complete assignments with attention to details within established time frames
   
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Accept Close Press Tab to Move to Skip to Content Link Skip to main content HOME CAREER AREAS Actuarial and Underwriting Claims Communications Corporate Customer Service Customer Service - Omaha Customer Solutions - Sales and Service Finance Investments Marketing Operations Sales - All Senior Leadership Technology University LOCATIONS Global Presence Americas Asia Europe, Middle East and Africa (EMEA) UNIVERSITY PROGRAMS US Internship Programs Actuarial Employee Benefit Sales Global Leadership Development (MBA) Group Benefits Sales Internship Group Benefits Service Academy Program Investments Legal Technology OUR COMPANY People at MetLife Veterans at MetLife Diversity and Inclusion Our Purpose Corporate Responsibility MetLife Blog Search by Keyword or Alternate Locations Search by Primary Location HOME CAREER AREAS Actuarial and Underwriting Claims Communications Corporate Customer Service Customer Service - Omaha Customer Solutions - Sales and Service Finance Investments Marketing Operations Sales - All Senior Leadership Technology University LOCATIONS Global Presence Americas Asia Europe, Middle East and Africa (EMEA) UNIVERSITY PROGRAMS US Internship Programs Actuarial Employee Benefit Sales Global Leadership Development (MBA) Group Benefits Sales Internship Group Benefits Service Academy Program Investments Legal Technology OUR COMPANY People at MetLife Veterans at MetLife Diversity and Inclusion Our Purpose Corporate Responsibility MetLife Blog LANGUAGE English (United States) Español (México) 日本語 (日本) Português (Brasil) VIEW PROFILE Search by Keyword or Alternate Locations Search by Primary Location × Send me alerts every days Create Alert × Send me alerts every days Share this Job Actuary - Model Validation Apply now » Date Posted: Nov 21, 2021 Location: New York, NY, US, 10166 Company: MetLife Role Value Proposition: As part of Global Risk Management, the Actuary of Model Validation will be a key team member in building challenger models to support the Assistant Vice President in the benchmarking of existing models used throughout the Global Enterprise. Models include those used in Financial Reporting, Cash Flow Testing, Pricing, Asset-Liability Management, Economic Capital and Hedging. The position requires a high level of technical and modeling skills. The Actuary will report to an Assistant Vice President of the Enterprise Model Validation. Key Responsibilities: Build independent challenger models using various actuarial and programing languages. Assess the conceptual and theoretical soundness of each model based on mathematical, actuarial and finance theories. Use data science techniques to evaluate the appropriateness of assumptions, data sources and reliability of inputs. Test model output through back testing, sensitivity analysis, stress testing or other analysis as applicable. Assist in writing and reviewing validation reports illustrating the relevant results of theoretical review and testing, calling attention to areas of concern, and/or uncertainty. Monitor findings, recommendations and management action plans resulting from validation reports, ensuring actions taken appropriately to address concerns. Review and challenge annual model risk assessments. Prepare metrics reporting as necessary. Essential Business Experience and Technical Skills: Required: Bachelor's degree in mathematics, statistics, actuarial science, finance, investment and securities and investment management. 3+ years’ experience working in the insurance industry. ASA or FSA designation. Prior modeling experience and knowledge of programming languages. Excellent verbal and written communication skills. Ability to complete assignments with attention to details within established time frames. Preferred: FSA designation. Graduate degree in Mathematics, Physics or related fields. Competency in high level programming languages such as C++, R or Python. Strong financial engineering background with experience in derivatives. Knowledge in asset and liability modeling. Business Category Risk Management - Model Validation Number of Openings 1 At MetLife, we’re leading the global transformation of an industry we’ve long defined. United in purpose, diverse in perspective, we’re dedicated to making a difference in the lives of our customers. MetLife: MetLife, through its subsidiaries and affiliates, is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. We are one of the largest institutional investors in the U.S. with $642.4 billion of total assets under management as of March 31, 2021. We are ranked #46 on the Fortune 500 list for 2021. In 2020, we were named to the Dow Jones Sustainability Index (DJSI) for the fifth year in a row. DJSI is a global index to track the leading sustainability-driven companies. We are proud to have been named to Fortune magazine's 2021 list of the "World's Most Admired Companies." MetLife is committed to building a purpose-driven and inclusive culture that energizes our people. Our employees work every day to help build a more confident future for people around the world. Visit us at www.metlife.com to learn more about our brand, history, and values. We want to make it simple for all interested and qualified candidates to apply for employment opportunities with MetLife. If you need assistance and/or a reasonable accommodation due to a disability during the application or the recruiting process, please send a request to accommodations@metlife.com or call our Employee Relations Department at 1-877-843-3711. MetLife is a proud Equal Employment Opportunity and Affirmative Action employer dedicated to attracting, retaining, and developing a diverse and inclusive workforce. All qualified applicants will receive consideration for employment at MetLife without regards to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law. MetLife maintains a drug-free workplace. Requisition #: 118015 Nearest Major Market: New York City Apply now » Find similar jobs: 南北アメリカの求人, Finance Jobs, Americas Jobs, Actuarial and Underwriting Jobs About MetLife Investor Relations Newsroom Join our Talent Community View All Jobs Disability Accommodations Archived Articles
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