Senior Manager Underwriting AI Model Governance

Axis Max Life Insurance Limited; Gurugram District; On-site; INR 3,500,000 - 7,000,000; Full time

Job summary

Axis Max Life Insurance Limited seeks a Senior Manager – AI Model Governance to establish and manage an independent governance framework for AI/ML and Generative AI models across underwriting processes. You will provide oversight to model development, validation, deployment, monitoring, and retirement, ensuring accuracy, explainability, and regulatory alignment.

The role collaborates with Underwriting, Risk, Technology, Analytics, Compliance and Internal Audit to foster responsible AI adoption

Qualifications

• Governance of AI/ML models in underwriting and risk domains.
• Independent review and challenge of model assumptions and performance.
• Experience with large data and cloud deployments.

Responsibilities

• Establish and maintain the governance framework for AI/ML models used in underwriting.
• Perform independent review and challenge of model assumptions, methodologies and performance.
• Establish and oversee monitoring of model performance, data drift, concept drift and model degradation.
• Implement governance standards relating to fairness, bias, explain ability and transparency.
• Ensure compliance with internal policies, regulatory expectations and emerging AI governance requirements.

Job description

The Senior Manager – AI Model Governance will be responsible for establishing and managing an independent governance framework for Artificial Intelligence (AI), Machine Learning (ML), Predictive Analytics and Generative AI models used across underwriting processes.

The role will provide independent oversight and challenge to model development teams and ensure that underwriting models remain accurate, reliable, explainable, compliant and aligned with the Company's risk appetite throughout their lifecycle.

As part of the Underwriting Governance team, the incumbent will be responsible for establishing governance standards across model development, validation, approval, deployment, monitoring, recalibration and retirement.

The role will work closely with Underwriting, Risk, Technology, Analytics, Compliance and Internal Audit teams to enable responsible and controlled adoption of AI across the underwriting value chain.

KEY RESPONSIBILITIES: -

• Establish and maintain the governance framework for AI/ML models used in underwriting.
• Perform independent review and challenge of model assumptions, methodologies and performance.
• Establish and oversee monitoring of model performance, data drift, concept drift and model degradation.
• Implement governance standards relating to fairness, bias, explain ability and transparency.
• Ensure compliance with internal policies, regulatory expectations and emerging AI governance requirements.

KEY SKILLS:

Desired Skills:

• Good communication and interpersonal skills.
• Sound problem solving skills.
• Ability to work with large data.
• Strong planning and organizational skills.

System Knowledge:

• Knowledge and Experience in working with cloud stack – AWS for enabling on cloud solution deployment.

Desired qualification and experience: -

Education:

PHD/ master’s degree in quantitative fields like mathematics, computer science, engineering, statistics, economics from premiere institutes

Experience:

Minimum of 5-10 years of related work experience in analytical roles.