AI Model Risk & Governance Lead

Aviva; United States; Hybrid; USD 119,000 - 159,000; Full time

Benefits offered by this job

Bonus opportunity 12% of annual salary

Generous pension scheme

31 days holiday including bank hols

Private Medical Benefit

Discount on Aviva products

Matching Share Plan

Save As You Earn

Paid volunteering days

Flexible benefits including cycle to w

Wellbeing support

Job summary

Aviva seeks an AI Model Risk & Governance Lead to challenge and oversee complex models across pricing, reserving and customer analytics. You will join Group Model Validation to provide independent validation and risk oversight of advanced analytics, machine learning and AI implementations.

The role requires deep quantitative experience, strong stakeholder communication, and the ability to drive governance and regulatory compliance in a dynamic, multi-disciplinary environment.

Qualifications

• Significant experience in model validation or model risk management.
• Strong knowledge of analytics, ML and AI models with independent challenge.
• Ability to communicate complex quantitative methods to both technical and non-technical audiences.
• Experience building relationships across risk, analytics, technology and business functions.
• Qualified actuary or equivalent quantitative professional experience; knowledge of UK Solvency helpful.

Responsibilities

• Provide independent oversight across a broad range of models.
• Lead validation and review of advanced analytics and AI models (pricing, reserving, segmentation).
• Collaborate with model owners and senior stakeholders to ensure governance and regulatory compliance.
• Develop validation tools and methodologies to strengthen oversight of emerging analytics and AI.

Skills

Model validation

Model risk management

Independent review

Stakeholder communication

Solvency UK knowledge

Education

Qualified actuary

Job description

AI Model Risk & Governance Lead - Salary c. £90,000 to c. £120,000

Locations - UK Flexible (Excluding London)

Are you someone who enjoys challenging complex models and helping organisations use data, analytics and AI responsibly?

This is a great opportunity for an experienced quantitative professional with a strong background in model validation, model risk management or independent model review. You'll bring expertise in advanced analytics, machine learning or AI models and enjoy working with a wide range of stakeholders to provide insightful challenge and oversight. Qualified actuaries or professionals with equivalent quantitative and risk management experience would be particularly well suited to this role.

A bit about the job:

You’ll join Aviva’s Group Model Validation team, helping to provide independent oversight and assurance across a broad range of business-critical models. The role focuses on the validation and review of advanced analytics and AI models, including pricing, reserving, customer segmentation and productivity-enhancing solutions.

Working alongside model owners, risk specialists and senior stakeholders across the business, you’ll assess model performance, governance and regulatory compliance, delivering independent challenge and supporting effective model risk management. You’ll also contribute to the ongoing development of validation tools, methodologies and challenger models, helping strengthen Aviva’s approach to overseeing emerging analytics and AI capabilities.

Skills and experience we’re looking for:

• Significant experience in model validation, model risk management, model review or quantitative risk roles.
• Strong knowledge of advanced analytics, machine learning and AI models, including experience providing independent challenge and oversight.
• Ability to analyse complex quantitative methods and communicate findings clearly to both technical and non-technical stakeholders.
• Experience building effective relationships across multidisciplinary teams, including risk, analytics, technology and business functions.
• Qualified actuary or equivalent quantitative professional experience would be highly desirable. Knowledge of Solvency UK requirements and capital modelling would be beneficial.

What you’ll get for this role:

Our purpose - with you today, for a better tomorrow - is a promise we make to our colleagues too.And one of the ways we live up to that promise is by investing in you.We have so much to offer when it comes to being an Aviva colleague.

• Starting salary between c. £90,000 and c. £120,000 (depending on location, skills, experience, and qualifications)
• Bonus opportunity - 12% of annual salary, (actual amount depends on your performance and Aviva’s.)
• Generous pension scheme - e.g. if you put in 8%, Aviva adds 14%
• 29 days holiday plus bank holidays, and you can choose to buy or sell up to 5 days
• Aviva-funded Private Medical Benefit to help you get expert support when you need it
• Make your money go further - Up to 40% discount on Aviva products, and other retailer discounts
• Up to £1,200 of free Aviva shares per year through our Matching Share Plan and share in the success of Aviva with our Save As You Earn scheme
• Brilliantly supportive policies including parental and carer’s leave
• Flexible benefits to suit you, including sustainability options such as cycle to work
• Make a difference, be part of our Aviva Communities and use your 3 paid volunteering days to help others
• We take your wellbeing seriously with lots of support and tools

Aviva is for everyone:

We’re inclusive and welcome everyone – we want applications from all backgrounds and experiences. Excited but not sure you tick every box? Even if you don’t, we would still encourage you to apply. We also consider all forms of flexible working, including part time and job shares.

We flex locations, hours and working patterns to suit our customers, business, and you. Most of our people are smart working – spending at least 50% of their time in our offices every week - combining the benefits of flexibility, with time together with colleagues.

To find out more about working at Aviva take a look here