Join us at The Hartford, where we're making a meaningful impact beyond traditional insurance coverages and policies. Embark on an exciting career that allows you to achieve your aspirations while helping others reach theirs. Become a key part of our innovative team!
Position Overview:
The Hartford's Model Risk Management team is looking for a dedicated Senior Model Risk Analyst to lead the validation of crucial models utilized throughout the organization. This role will encompass the application of diverse modeling techniques, including advanced analytics, predictive modeling, and AI/ML, ensuring their effectiveness across applications such as product pricing, asset valuation, risk management, and reporting.
As an integral member of the Model Risk Management team, you will be pivotal in validating models, implementing industry best practices, and raising awareness of model risk across The Hartford.
Key Responsibilities:
- Conduct thorough validations of critical models across various business units to ensure their accuracy and efficiency.
- Confirm that model calculations are precise and suitable for intended purposes.
- Evaluate key data inputs and assumptions for their correctness and relevance.
- Review model outputs for accuracy and correct implementation.
- Provide constructive feedback on key modeling components, including inputs, calculations, outputs, and overall conceptual integrity.
- Identify model risk issues and propose actionable recommendations, preparing clear and concise validation reports.
- Build strong collaborative relationships with partners across Data Science and various business functions.
- Stay informed about 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 in P&C, Group, Life insurance, or similar products.
- ACAS/ASA or FCAS/FSA designation and/or CFA designation highly preferred.
- 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 shifting priorities.
- Strong analytical, critical thinking, and investigative skills.
- Excellent verbal and written communication skills with the ability to influence effectively.
- Demonstrated ability 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.