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Associate Director, Model Risk Management
Sun Life Financial
Wellesley, MA, United States
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At Sun Life, we work together, share common values and encourage growth and achievement. We offer many career paths that attract a wide variety of talent and skills. Follow a path that lets your talents shine.
Job Description:
Associate Director, Model Risk Management
Reporting to the Director, International Finance Risk & Controls who is also the Operational Risk Officer (ORO) for International, this position plays a critical role in managing the Model and End User Computing Risk Management (MEUC) process for SLF International Pricing and Finance. The Associate Director will also support the ORO and the Business Unit Risk Officer (BURO) in other risk management activities. Additionally, this position will provide financial analysis/actuarial support to the International business.
Main Accountabilities:
• Coordinate the activities within International to ensure compliance with the MEUC policy and related guidelines, including model valuation reports review, process documentation maintenance, and annual policy compliance sign off.
• Review revisions to the policy and related guidelines, determine impact to SLF International processes and resources and communicate to International staff/management, and provide appropriate feedback to US and Corporate contacts.
• Provide model review under SLF International change management processes.
• Ensure the accuracy and completeness of all preliminary and final model risk assessments
• Support ORO and BURO with Operational Risk deliverables including Operational Risk Event reporting, Risk Control Self Assessments, and development and collection of Key Risk Indicators
• Engage in process improvements to improve efficiency and strengthen controls; build new reporting and analytical capabilities as necessary
• Manage the monthly production process for the International Finance team, including setting monthly schedule and working with Finance staff to ensure deliverable timelines are met.
• Perform review of production reports for accuracy and completeness; maintain and appropriately update production checklists.
Competencies:
• ASA or equivalent work experience
• 5 or more years of experience working with actuarial models and Excel from a pricing and/or operations perspective. Knowledge in AXIS preferred
• MS Access experience a plus
• Knowledge of Universal Life insurance products preferred
• Solid communication skills (written, verbal, and presentation) with the ability to explain complex ideas to non actuaries
• Good multitasking abilities with proven ability to manage multiple competing priorities
• Excellent people skills in order to manage relationships with various stakeholders.
• Strong commitment to timelines and attention to detail
• Ability to interface with different business partners across geographic locations
Sun Life Financial is a leading provider of group insurance benefits in the U.S., helping people protect what they love about their lives. More than just a name, Sun Life symbolizes our brand promise of making life brighter – for our customers, partners, and communities. Join our talented, diverse workforce and launch a rewarding career. Visit us at www.sunlife.com/us to learn more.
Sun Life Financial (U.S.) Services Company, Inc. is a federal contractor subject to Executive Order 11246, Section 4212 of the Vietnam Era Veterans’ Readjustment Assistance Act of 1974, as amended, and Section 503 of the Rehabilitation Act of 1973, as amended. As such the company is committed to taking positive steps to implement the employment-related aspects of the company’s equal employment opportunity policy. It is the company’s policy to take affirmative action to employ, advance in employment, and otherwise treat qualified minorities, females, protected veterans, and individuals with disabilities without regard to their race/ethnicity, sex, veteran status, or disability.
Job Category:Risk Management
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