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Position Overview:
The Hartford's Model Risk Management team is seeking a passionate Senior Analyst to oversee the validation of essential models across the organization. This role will involve applying a diverse range of modeling methodologies, including advanced analytics, predictive modeling, and AI/ML, to ensure effectiveness in various applications such as product pricing, asset valuation, risk management, and reporting.
As a key member of the Model Risk Management team, you will play a vital role in validating models, implementing best practices, and raising awareness about model risk throughout The Hartford.
Key Responsibilities:
- Conduct comprehensive validations of critical models used across various business units to ensure accuracy and efficiency.
- Verify that model calculations are precise and suitable for their intended purposes.
- Evaluate key data inputs and assumptions for their correctness and relevance.
- Examine model outputs for accuracy and appropriate implementation.
- Provide constructive feedback on essential modeling components, including inputs, calculations, outputs, and overall conceptual integrity.
- Identify model risk issues and suggest actionable recommendations, producing clear and concise validation reports.
- Foster strong collaborative relationships with partners across Data Science and various business functions.
- Stay updated on departmental goals and deliverables, ensuring proactive engagement.
- Contribute to enhancing The Hartford's Model Risk Management practices by monitoring industry trends and improving processes and standards.
Qualifications:
- Advanced degree in Statistics, Applied Mathematics, Actuarial Science, or a related analytical field.
- 5+ years of experience within P&C, Group, Life insurance, or similar products.
- ACAS/ASA or FCAS/FSA designation and/or CFA designation highly desired.
- Proficient in programming languages such as Python, R, SAS/SQL, and Excel/VBA.
- Experience with predictive modeling and data science techniques.
- Proven ability to meet deadlines while adapting to changing priorities.
- Strong analytical, critical thinking, and investigative skills.
- Excellent verbal and written communication skills, with the ability to influence effectively.
- Demonstrated capacity to work independently and take proactive accountability.
- Creative problem-solving skills and a forward-thinking approach.
Compensation:
The expected annual base salary for this role ranges from $108,000 to $162,000, depending on various factors such as experience and performance. The Hartford offers a competitive total compensation package that may include bonuses and long-term incentives.
The Hartford is committed to diversity and equal opportunity in the workplace, welcoming applicants of all backgrounds.