Model Risk Actuary — Governance & Validation (Remote)

Martello Re; United States; On-site; USD 120,000 - 180,000; Full time

Job summary

Martello Re is seeking a Model Risk Actuary to strengthen governance of pricing, reserving, capital and risk decisions. You will lead validations, maintain inventories, and collaborate with actuarial, finance, underwriting and risk teams in a fast-paced environment.

This remote role supports US operations with travel to offices as needed. Strong actuarial expertise and communication skills are essential to safeguard model-driven decisions.

Qualifications

• FSA or ASA with several years of model governance or risk management experience.
• Experience in governance of models and assumptions for pricing, reserving, capital and risk.
• Strong communication and collaboration across actuarial, finance, underwriting and risk teams.

Responsibilities

• Maintain model governance and assumption governance frameworks in line with regulatory requirements.
• Identify, assess, monitor and report model risk within the ERM framework.
• Serve as secretary to the Model and Assumption Governance Committee.
• Maintain inventories of all models and assumptions used by the company.
• Perform independent validations of actuarial and financial models.
• Lead annual review of model risk rating classifications.
• Oversee model change processes with testing, documentation and approvals.
• Monitor model limitations and potential biases; support governance tools and templates.
• Support annual review of actuarial assumptions and pricing initiatives.
• Collaborate with teams to embed model risk awareness and provide training.

Skills

Stochastic modeling

Financial reporting

Regulatory frameworks

Actuarial software

Data analytics tools

Communication skills

Cross-functional collaboration

Microsoft Office

Attention to detail

Independent work

Integrity

Education

FSA or ASA with 5 years of relevant experience

Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics or related field

Master’s degree in listed discipline (in lieu of Bachelor’s) and 3 years of experience

Additional ASA/FS designation considered with 7 years of relevant experience

Job description

Martello Re is seeking a Model Risk Actuary to strengthen governance of pricing, reserving, capital and risk decisions. You will lead validations, maintain inventories, and collaborate with actuarial, finance, underwriting and risk teams in a fast-paced environment.

This remote role supports US operations with travel to offices as needed. Strong actuarial expertise and communication skills are essential to safeguard model-driven decisions.