Chief Model Risk & Governance Leader

MassMutual; Springfield (IL); On-site; USD 190,000 - 280,000; Full time

Job summary

MassMutual is seeking a Head of Model Risk Management to lead the enterprise model risk framework, advise senior management, and ensure models are fit for purpose and well governed. The role involves governance, validation, and regulatory engagement across pricing, valuation, financial reporting, and data science.

Ideal candidates will bring extensive actuarial modeling experience, strong leadership, and a collaborative mindset.

Qualifications

• Bachelor's degree in statistics, mathematics, physics, data science, actuarial science, or another quantitative field.
• 10+ years of financial services experience with financial, risk, or product models.
• 5+ years presenting complex topics to senior leaders, committees, auditors, or regulators.
• 5+ years influencing strategy or senior decision-making.

Responsibilities

• Lead MassMutual's enterprise model risk management program.
• Own and improve model risk policies, validation methods, inventory expectations, and issue management practices.
• Develop and implement the strategy for AI tool use in ensuring the effectiveness and efficiency of model risk management.
• Set risk-based validation plans and complete timely independent validations.
• Ensure consistency, auditability, and alignment with governance requirements.
• Lead reporting to senior leadership on model risk exposures, emerging risks, and remediations.
• Build, coach, and develop a high-performing team of model validation and model risk professionals.
• Partner with Enterprise Risk Management and business teams to strengthen model risk culture, controls and accountability.
• Monitor regulatory, industry, and analytical developments and translate them into practical governance improvements.

Skills

Strategic thinking

Leadership

Communication

Actuarial modeling

Regulatory awareness

Education

Quantitative degree

Job description

MassMutual is seeking a Head of Model Risk Management to lead the enterprise model risk framework, advise senior management, and ensure models are fit for purpose and well governed. The role involves governance, validation, and regulatory engagement across pricing, valuation, financial reporting, and data science.

Ideal candidates will bring extensive actuarial modeling experience, strong leadership, and a collaborative mindset.