Model Risk Actuary: Governance & Validation Leader

Martello Re; Charlotte (NC); Hybrid; USD 130,000 - 185,000; Full time

Job summary

Martello Re is seeking a senior actuarial risk professional to govern and validate model and assumption governance frameworks in alignment with regulatory expectations. You will lead risk reporting, inventories, and the annual risk rating reviews while coordinating with actuarial, finance, underwriting, and risk teams.

The role emphasizes independent validation, pricing support, and data governance within a high-integrity governance environment.

Qualifications

• Preferred: FSA or equivalent along with bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics or related field and 5 years of relevant experience.
• In lieu of Bachelor's, will accept Master's in a listed discipline and 3 years of relevant experience.
• In lieu of FSA, will accept ASA or equivalent professional designation and 7 years of relevant experience.

Responsibilities

• Maintain and administer the company’s model governance and assumption governance frameworks in alignment with regulatory requirements and industry best practices.
• Identify, assess, monitor and report on model risk within the company’s enterprise risk management framework.
• Serve as secretary to the Company’s Model and Assumption Governance Committee.
• Maintain comprehensive inventories of all models and assumptions used within the company.
• Perform independent validations of actuarial and financial models.
• Lead the annual review of model risk rating classifications.
• Oversee model change processes, ensuring proper testing, documentation, and approval before deployment.
• Monitor model limitations, uncertainties, and potential biases.
• Support the usage of standardized model and assumption governance tools and templates.
• Manage and support annual review of the Company’s actuarial assumptions.
• Support technical review of pricing initiatives.
• Collaborate with actuarial, finance, underwriting, and risk teams to embed model risk awareness.
• Provide training and guidance on model risk principles.
• Support the implementation of a data governance framework applicable to actuarial, and/or financial uses of data.
• Other tasks as assigned.

Skills

Stochastic modeling

Actuarial software

Data analytics

Communication

Microsoft Office

Education

FSA or equivalent + Bachelor's degree in Actuarial Science/Math/Stats/Economics or related field

Master's in listed discipline + 3 years relevant experience

ASA or equivalent + 7 years relevant experience

Tools

Excel

Word

PowerPoint

Job description

Martello Re is seeking a senior actuarial risk professional to govern and validate model and assumption governance frameworks in alignment with regulatory expectations. You will lead risk reporting, inventories, and the annual risk rating reviews while coordinating with actuarial, finance, underwriting, and risk teams.

The role emphasizes independent validation, pricing support, and data governance within a high-integrity governance environment.