Quant Model Validator - Actuarial

You will be responsible for executing model validation activities, including validation, annual review, ongoing monitoring, findings management, and model use approvals for low-, moderate-, or high-risk models. In this role, you may coordinate with a team of 1-2 quantitative model validators to test and evaluate the conceptual soundness of actuarial and other models, as well as assess limitations and suitability for use. Your expertise in Insurance and Actuarial Modeling, or Statistical and Stochastic processes will be crucial for this position. Your key responsibilities will include conducting annual reviews of low-, moderate-, or high-risk models. You will also be responsible for validation scripts, validation report preparation, and review of low-, moderate-, or high-risk model validations. Additionally, you will consult with model owners and developers to promote best practices and address any questions or deficiencies that may arise. You will play a key role in establishing the scope and testing of low-, moderate-, or high-risk model validations, offering guidance on complex issues as needed. Furthermore, you will support model governance policies and procedures, templates, and risk reporting, and provide level 2 technical support to the business. To qualify for this role, you must have a minimum of 7 years of experience in model risk management in insurance or banking, along with a master's degree in science, math, statistics, or a related area. Preferred qualifications include an Actuarial designation or substantial progress toward a designation such as Associate of the Society of Actuaries, USA or Fellow of the Society of Actuaries, USA. Designations from other actuarial organizations will also be considered. A PhD and familiarity with SR 11-7/OCC 2011-12 are also advantageous. Join Ameriprise India LLP, a U.S.-based financial planning company with a global presence, as we provide client-based financial solutions to help clients plan and achieve their financial objectives. Our focus areas include Asset Management and Advice, Retirement Planning, and Insurance Protection. At Ameriprise, you will be part of an inclusive, collaborative culture that values your contributions and offers opportunities for career growth. If you are talented, driven, and seek to work for an ethical company that cares, take the next step and create a rewarding career at Ameriprise India LLP. This is a full-time position with working hours from 2:00 pm to 10:30 pm. The role is part of the Finance job family group within the India Business Unit at AWMP&S President's Office.,