Actuary - Model Validation
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Wilmington, DE 19806
Job Location: United States : Delaware : Wilmington
Role Value Proposition:
As part of Global Risk Management, the Actuary of Model Validation will be a key team member in supporting validation of models used throughout the Global Enterprise and include those used in Financial Reporting, Cash Flow Testing, Pricing, Asset-Liability Management, Economic Capital and Hedging. The Actuary will report to the Assistant Vice President of the Enterprise Model Validation.
+ Build independent challenger models.
+ Assess the conceptual and theoretical soundness of each model based on mathematical, actuarial and finance theories.
+ 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:
+ Bachelor’s degree in mathematics, statistics, actuarial science, finance, investment and securities and investment management.
+ 5+ 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.
+ FSA preferred.
+ Graduate degree in Mathematics or Physics.
+ Competency in high level programming languages such as C++.
+ Strong financial engineering background with experience in derivatives.
+ Knowledge in asset and liability modeling.
Global Risk Management – Model Risk Management
Number of Openings
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 is a proud equal opportunity/affirmative action employer committed to attracting, retaining, and maximizing the performance of a diverse and inclusive workforce. It is MetLife’s policy to ensure equal employment opportunity without discrimination or harassment based on 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.
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Requisition #: 108175