Chief Model Risk & Governance Leader

MassMutual; Springfield (MA); On-site; USD 220,000 - 380,000; Full time

Job summary

MassMutual is seeking a Head of Model Risk Management in Massachusetts. This leadership role directs the enterprise model risk framework, advising senior management on key model risks and ensuring models are fit for purpose and well governed.

The ideal candidate is an actuary with deep technical depth, business judgment, and collaboration skills, leading governance, validation, and regulatory engagement across pricing, valuation, financial reporting, risk management, data science, investments,

Qualifications

• Bachelor’s degree in actuarial science, statistics, mathematics, physics, data science, or another quantitative field.
• Fellow of the Society of Actuaries (FSA) credential.
• 10+ years of financial services experience with actuarial, financial, risk, or product models.

Responsibilities

• Lead MassMutual’s enterprise model risk management program.
• Own and improve model risk policies, validation methods, inventory, and issue management practices.
• Develop and implement AI tool strategy for model risk effectiveness.
• Set risk-based validation plans and complete independent validations.
• Ensure auditability and alignment with governance requirements.
• Lead senior leadership reporting on model risk exposures and remediations.
• Build and coach a high-performing model risk team.
• Partner with ERM and business teams to strengthen model risk culture and controls.
• Monitor regulatory, industry, and analytical developments and translate into governance improvements.

Education

Bachelor’s degree in actuarial science, statistics, mathematics, physics, data science, or another quantitative field

Fellow of the Society of Actuaries (FSA)

Job description

MassMutual is seeking a Head of Model Risk Management in Massachusetts. This leadership role directs the enterprise model risk framework, advising senior management on key model risks and ensuring models are fit for purpose and well governed.

The ideal candidate is an actuary with deep technical depth, business judgment, and collaboration skills, leading governance, validation, and regulatory engagement across pricing, valuation, financial reporting, risk management, data science, investments,