[Remote] Model Risk Consultant Job Details | Aflac, Incorporated

Note: The job is a remote job and is open to candidates in USA. Aflac, a Fortune 500 company and leader in voluntary insurance products, is seeking a Model Risk Consultant. This role involves validating actuarial, financial, and predictive models, ensuring alignment with best practices, and communicating findings to management and risk committees.

Responsibilities

• Performs independent validations of actuarial, financial, investment, and/or predictive models
• Reviews model methodology, assumptions, and documentation to ensure alignment with ASOPs, best practices, and internal model governance
• Recreates model outputs using challenger models, simplified calculations, or benchmarking
• Assesses data inputs for appropriateness, completeness, and transformation accuracy
• Evaluates model implementation controls and change management evidence
• Validates coding logic and implementation for business management software in programing languages such as SQL, R, Python, or VBA
• Performs sensitivity testing, stress testing, and back testing to evaluate model robustness
• Identifies model limitations, risks, and potential failure points
• Prepares clear model validation reports that detail findings, issues, severity levels, and remediation recommendations
• Works with model owners and business stakeholders to ask model-related questions and perform controls reviews
• Presents results to Model Risk Management subcommittees and working groups
• Tracks issue remediation and performs follow-up validations
• Ensures adherence to internal MRM policies and regulatory requirements (e.g. SOX, BMA, NAIC)
• Develops and enhances a streamlined process for model validations

Skills

• Strong practical knowledge of insurance, finance, investments and/or mathematical or statistical Modeling
• Strong programming skills and modeling experience to validate various model methodologies, calculations and processes
• Ability to design, document, and communicate the validation process to risk committees and Management
• Technical proficiency in SQL and cloud-based platforms (Snowflake preferred)
• Technical proficiency in programming languages (Python and R preferred)
• Ability to adapt to newer platforms that may be adopted to boost usage of ML/AI for process automation/validation
• Advanced knowledge of Microsoft Office, particularly Excel with strong VBA (spread-sheet automation) skills
• Excellent business partnering and communication skills
• Ability to dive into technical and execution level details, connect the dots while thinking Strategically
• Enthusiastic about developing and improving tools and processes, with a focus on efficiency and user friendliness
• A proactive mindset with proven ability to manage projects independently and effectively
• Ability to teach/train/onboard junior analysts to mathematical concepts, programming languages and ML/AI adaption
• Excellent oral, written, and interpersonal communications skills to effectively interact with peers, management, and internal customers, and external vendor representatives
• Bachelor's Degree in Mathematics, Statistics, Computer Science, Actuarial Science, Finance, Data Science, Risk Management, or other quantitatively intensive field
• 6 years of professional job-related work experience
• Fellow of the Society of Actuaries (FSA), Chartered Financial Analyst (CFA), and/or Financial Risk Manager (FRM)
• Insurance experience preferred

Benefits

• Medical, dental, and vision coverage
• Prescription drug coverage
• Health care flexible spending
• Dependent care flexible spending
• Aflac supplemental policies (Accident, Cancer, Critical Illness and Hospital Indemnity offered at no costs to employee)
• 401(k) plans
• Annual bonuses
• An opportunity to purchase company stock
• 11 paid holidays
• Up to 20 days PTO to be used for any reason
• If eligible, state-mandated sick leave (Washington employees accrue 1-hour sick leave for every 40 hours worked)
• Other leaves of absence, if eligible, when needed to support your physical, financial, and emotional well-being
• Aflac complies with all applicable leave laws, including, but not limited to, sick and safe leave, and adoption and parental leave, in all states and localities

Company Overview

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