Assistant Actuary, Model Governance and Validation

Reinsurance Group of America, Incorporated • Chesterfield, MO

2d • Hybrid

About The Position

You desire impactful work. You’re RGA ready RGA is a purpose-driven organization working to solve today’s challenges through innovation and collaboration. A Fortune 200 Company and listed among its World’s Most Admired Companies, we’re the only global reinsurance company to focus primarily on life- and health-related solutions. Join our multinational team of intelligent, motivated, and collaborative people, and help us make financial protection accessible to all. Overview A member of Enterprise Risk Analytics team, the Assistant Actuary, Model Governance and Validation, conducts model validation, performs model risk assessments, and contributes to the implementation of an effective global model risk program. Location: Hybrid work arrangement at RGA's Headquarters in Chesterfield, MO, USA. Relocation allowance may be provided to candidates willing to move to St. Louis, MO.

Requirements

• Bachelor’s degree in Math, Finance, Actuarial Sciences, Statistics or related field
• ASA, ACIA accreditation or equivalent
• 3+ years of insurance/reinsurance experience
• 2+ years of experience in actuarial modeling and risk management
• Experience with MS Office, actuarial software (Prophet, AXIS, etc), database software, and programing
• Advanced investigative, analytical and problem-solving skills.
• Demonstrates ability to evaluate project objectives and scope feasibility, gain understanding, schedule resources, and manage to meet the target.
• Advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received
• Advanced skills in relationship management and change management
• Advanced ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines
• Advanced persuasion and negotiation skills when working with internal/external customers

Nice To Haves

• Preferred: Master’s degree in Math, Statistics, Data Science, Risk Management or Finance
• Have passed 1 FSA or FCIA exam
• Preferred: Experience with model validation and risk assessment
• Familiarity with Artificial Intelligence models and predictive models
• 2+ years of model validation experience
• Knowledge of reinsurance industry, product and reinsurance valuation system and process
• Knowledge of regulatory MRM requirements such as Canada OSFI E23, Bermuda SBA, and UK PRA SS1/23

Responsibilities

• Conduct model validation and perform model risk assessment in accordance with the MRM (Model Risk Management) policy, working in collaboration with functional associates.
• Support the evaluation, monitoring, and reporting of overall model risk exposure for RGA, identify trend and mitigation opportunities.
• Assist in development of GRC (Governance, Risk, and Compliance) tool for MRM.
• Assist in implementation of the global MRM framework and MRM strategy.
• Assist in development and implementation of entity specific MRM framework as required by emerging regulatory requirements.

Benefits

• Gain valuable knowledge from and experience with diverse, caring colleagues around the world.
• Enjoy a respectful, welcoming environment that fosters individuality and encourages pioneering thought.
• Join the bright and creative minds of RGA, and experience vast, endless career potential.
• RGA also maintains a full range of health, retirement, and other employee benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level