Senior Model Risk & Validation Lead (Actuarial)

Allianz Group; Minneapolis (MN); On-site; USD 100,000 - 200,000; Full time

Benefits offered by this job

Medical, dental, vision benefits

Tuition reimbursement

401(k) match

Paid time off

Job summary

Allianz Life seeks an experienced Model Risk Analyst Manager/Associate Actuary to independently validate actuarial and capital models used for financial and regulatory reporting. You will partner with Actuarial, Finance and Investments, following governance guidelines and promoting sound risk practices.

The role spans model validation, governance, and stakeholder management, with a focus on back-testing, documentation, and remediation tracking.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Data Science, Financial Engineering, Physics or a related quantitative discipline.
• 10+ years of actuarial modeling or validation experience in life insurance.
• Hands‑on with statutory reporting and reserving methodologies (CARVM, VM-20, VM-21).
• Experience with RBC modeling and related regulatory frameworks.
• Strong governance and validation practice knowledge.
• Experience with RAFM, Python, R, SQL, VBA; strong data/tech skills.
• Ability to assess model design and communicate findings to stakeholders.
• ASA or FSA designation preferred but not required.

Responsibilities

• Perform independent validations of actuarial and capital models.
• Review inputs, assumptions, methods, implementation, and documentation.
• Design and execute validation testing, back-testing and benchmarking.
• Support model governance and change management processes.
• Maintain model and findings inventories with remediation tracking.
• Communicate conclusions and recommendations to management and owners.

Skills

Actuarial modeling

Model validation

Statistical analysis

Python

R

SQL

VBA

Communication

ASA/FSA designation

Regulatory knowledge

Education

Bachelor's degree in Actuarial Science

ASA/FSA designation preferred

Tools

RAFM

VBA

Job description

Allianz Life seeks an experienced Model Risk Analyst Manager/Associate Actuary to independently validate actuarial and capital models used for financial and regulatory reporting. You will partner with Actuarial, Finance and Investments, following governance guidelines and promoting sound risk practices.

The role spans model validation, governance, and stakeholder management, with a focus on back-testing, documentation, and remediation tracking.