Data Science Model Validation, Model Risk Management (remote option)

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Posted 3 days ago United States Salary undisclosed
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Job Description

You are a driven and motivated problem solver ready to pursue meaningful work. You strive to make an impact every day & not only at work, but in your personal life and community too. If that sounds like you, then you've landed in the right place. As part of the Model Risk Management team, the successful candidate will lead efforts for the review and validation of critical models across the enterprise. A variety of modeling methodologies are employed at The Hartford including advanced analytics and predictive models in Data Science and traditional actuarial and business function methods. Models are used throughout The Hartford for a variety of purposes, including product pricing, asset pricing and valuation, risk management, reporting, economic capital, accounting, and operational functions. The Model Risk Management team manages model risk across The Hartford by validating critical models, implementing consistent policies and standards, and maintaining appropriate model oversight. As part of the team, this role will focus primarily on validating models throughout The Hartford and reporting results to key internal stakeholders. Through the validation process, supplementary responsibilities include educating on modeling best practices and spreading model risk awareness across the enterprise. Responsibilities: Perform validation of critical models across The Hartford's lines of business and functional areas: + Assessing and challenging existing model calculations for accuracy and efficiency + Assessing assumptions and data for appropriateness and accuracy + Reviewing model outputs for accuracy and appropriate implementation estimates and assumptions + Delivering an assessment of conceptual soundness, monitoring & controls, documentation + Support the advancement of efficient and effective risk-based approaches to the model validation process, across all model types and business use cases Support governance activities related to Model Inventory Management, Model Risk Management Policy, and adherence of validation process: + Building strong working relationships with key partners across the company, including Property & Casualty, Group Benefits, Data Science, Hartford Investment Management Company (HIMCO), and several corporate functions + Partner with business stakeholders in the identification and mitigation of model risk during model development as well as post implementation. + Assist in improving The Hartford's model risk management practices by emphasizing standard work practices, recommending process improvements, and evolving standards/guidelines Qualifications: + Bachelor's degree in Actuarial Science, Statistics, Mathematics, Quantitative Economics, Engineering, or similar applied analytical field + 5+ years of P&C, Group, Life, or related insurance product experience + ACAS/ASA or FCAS/FSA designation and/or CFA preferred + Familiarity with programming languages/platforms including Excel/VBA, R, Python, SQL + Practical experience with predictive modeling / data science techniques preferred + Project management skills an important plus + Strong analytical, critical, and investigative thinking skills + Solid verbal communication, listening, influencing, and written communication skills + Ability to act independently with little direction, proactive self-directed accountability + Solution oriented creativity and innovative thinking Compensation The listed annualized base pay range is primarily based on analysis of similar positions in the external market. Actual base pay could vary and may be above or below the listed range based on factors including but not limited to performance, proficiency and demonstration of competencies required for the role. The base pay is just one component of The Hartford's total compensation package for employees. Other rewards may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition. The annualized base pay range for this role is: $105,680 - $158,520 Benefits Our company's success is due to our employees' dedication and passion for their work. They are our greatest asset. That's why we are committed to offering employees and their families a comprehensive benefits package and award-winning well-being programs. By helping our employees achieve their full potential, we unlock our own. Visit for details. Equal Opportunity Employer/Females/Minorities/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age Risk Manager - KR07AE --- Skills: