Actuarial Associate, Model Governance and Validation

You desire impactful work.
 

You're RGA ready

RGA is a purpose-driven organization working to solve today's challenges through innovation and collaboration. A Fortune 200 Company and listed among its World's Most Admired Companies, we're the only global reinsurance company to focus primarily on life- and health-related solutions. Join our multinational team of intelligent, motivated, and collaborative people, and help us make financial protection accessible to all.

Overview

A member of Enterprise Risk Analytics team, the Actuarial Associate, Model Governance and Validation, conducts model validation, performs model risk assessments, and contributes to the implementation of an effective global model risk program.

Key Responsibilities

• Conduct model validation and perform model risk assessment in accordance with the MRM (Model Risk Management) policy, working in collaboration with functional associates.

• Support the evaluation, monitoring, and reporting of overall model risk exposure for RGA, identify trend and mitigation opportunities.

• Assist in development of GRC (Governance, Risk, and Compliance) tool for MRM.

• Assist in implementation of the global MRM framework and MRM strategy.

• Assist in development and implementation of entity specific MRM framework as required by emerging regulatory requirements. 

Candidate Requisites

Education & Experience

• Bachelor's degree in Math, Finance, Actuarial Sciences, Statistics or related field

• ASA, ACIA accreditation or equivalent

Preferred:  

• Master's degree in Math, Statistics, Data Science, Risk Management or Finance

• Have passed 1 FSA or FCIA exam

Skills & Abilities

• 3+ years of insurance/reinsurance experience

• 2+ years of experience in actuarial modeling and risk management

• Experience with MS Office, actuarial software (Prophet, AXIS, etc), database software, and programing

• Advanced investigative, analytical and problem-solving skills.

• Demonstrates ability to evaluate project objectives and scope feasibility, gain understanding, schedule resources, and manage to meet the target.

• Advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received

• Advanced skills in relationship management and change management

• Advanced ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines

• Advanced persuasion and negotiation skills when working with internal/external customers

Preferred:

• Experience with model validation and risk assessment

• Familiarity with Artificial Intelligence models and predictive models

• 2+ years of model validation experience

• Knowledge of reinsurance industry, product and reinsurance valuation system and process

• Knowledge of regulatory MRM requirements such as Canada OSFI E23, Bermuda SBA, and UK PRA SS1/23

#LI-DL1

What you can expect from RGA:

• Gain valuable knowledge from and experience with diverse, caring colleagues around the world.

• Enjoy a respectful, welcoming environment that fosters individuality and encourages pioneering thought.

• Join the bright and creative minds of RGA, and experience vast, endless career potential.

We're excited to get to know you and connect your unique skills with our global opportunities. To create a modern and seamless experience, we use artificial intelligence (AI) in parts of our preliminary screening process. This technology helps us personalize job recommendations, automate interview scheduling, evaluate candidates based solely on experience—without considering name, gender, or other personal details—and provide real-time answers through our chatbot. AI is used only during early screening and never makes hiring decisions. Your RGA recruiter will work closely with you every step of the way to ensure the process feels personal, thoughtful, and focused on you.

Compensation Range:

Base pay varies depending on job-related knowledge, skills, experience and market location. In addition, RGA provides an annual bonus plan that includes all roles and some positions are eligible for participation in our long-term equity incentive plan. RGA also maintains a full range of health, retirement, and other employee benefits.

RGA is an equal opportunity employer. Qualified applicants will be considered without regard to race, color, age, gender identity or expression, sex, disability, veteran status, religion, national origin, or any other characteristic protected by applicable equal employment opportunity laws.