Model Risk Actuary
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Job Description
Model Risk Actuary supporting model governance and risk management at Martello Re. Collaborating with various teams to ensure model integrity and compliance with regulations.
Responsibilities:
- Support the identification, assessment, and management of model risk across the organization
- Ensure that models and assumptions used for pricing, reserving, capital, and risk management are appropriately governed, documented, challenged, approved, monitored, and reviewed
- Maintain and administer the company’s model governance and assumption governance frameworks in alignment with regulatory requirements and industry best practices
- Identify, assess, monitor and report on model risk within the company’s enterprise risk management framework
- Perform independent validations of actuarial and financial models
- Lead the annual review of model risk rating classifications
- Collaborate with actuarial, finance, underwriting, and risk teams to embed model risk awareness
Requirements:
- FSA or equivalent along with bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics or related field
- 5 years of relevant experience
- Strong understanding of stochastic modeling, financial reporting, and regulatory frameworks (e.g., US GAAP, Bermuda EBS)
- Proficiency in actuarial software and data analytics tools
- Excellent communication and influencing skills
- Ability to challenge constructively and manage cross-functional relationships
- Advanced Microsoft Office skills (Excel, Word, PowerPoint)
- High degree of attention to detail and excellent problem-solving skills
Benefits:
- Health insurance
- Retirement plans
- Professional development opportunities
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