Head Of Model Risk Management

Reporting to the Head of Financial & Model Risk, the Head of Model Risk Management will join a dynamic team responsible for management enterprise risks. This is a new position created to advance the Enterprise Risk Management (ERM) team's risk modeling capabilities and overall strategy. Advancements within enterprise risk modeling will influence decision-making across the enterprise to account for various complex risk scenarios ensuring Guardian maintains its strong position in the marketplace. You will be responsible for developing a holistic governance framework for capturing a complete model and algorithm inventory (internal and external), leading a team to implement a risk assessment of the inventory, and designing and overseeing an independent model validation program. In this role, you will partner with the leaders in IM, Group, actuarial, technology, and others in Risk to ensure Guardian's Model Risks are well understood and regularly validated.
You will

• Design and develop a holistic governance framework for capturing a complete model and algorithm inventory
• Design and implement an independent model validation function. This includes developing an annual plan that prioritizes models in need of validation, overseeing internal or external resources assigned to the validation, reporting on key findings to the appropriate risk committees, and tracking and ensuring follow-up and remediation on identified risks.
• Partner, collaborate and communicate with leaders across the business, including actuarial , technology, and others in ERM to ensure Guardian's Model Risks are well understood and regularly validated.
• Provide leadership that supports a team that will oversee and execute the model validation program including building a comprehensive understanding of Guardian's models and embedded risks
• Enhance the governance over model assumptions, including centralizing the assumption inventory, building an assumption validation program, and developing regular reporting on material assumptions.
• Monitor and update Model Risk frameworks to ensure compliance with evolving relevant regulations and industry best practices.
• Ensure Guardian's Model Risk program keeps pace with the dynamic and evolving model/technology landscape.

Reporting Relationships
As our Head of Model Risk Management, you will report to our Head of Financial & Model Risk, who reports to our Chief Risk Officer.
You are

• A self-motivated person, able to work independently.
• A strategic thinker, with the ability to "connect the dots" across the organization.
• A trusted partner who is able to build strong business relationships across a wide range of stakeholders and customers.
• An experienced leader, able to support the development of your team members and generate high performance results.
• Someone who is results-oriented and able to execute efficiently on tasks.
• A confident communicator who can convey complex ideas to senior stakeholders.

You have

• 10+ years of experience in the Life Insurance industry.
• Deep understanding of Model Risk frameworks and life insurance products.
• Solid understanding of evolving technology and algorithmic models.
• Proven written and verbal communication skills.
• The ability to accelerate impact and the desire to lead change.

Salary Range
$148,970.00 - $244,745.00
The salary range reflected above is a good faith estimate of base pay for the primary location of the position. The salary for this position ultimately will be determined based on the education, experience, knowledge, and abilities of the successful candidate. In addition to salary, this role may also be eligible for annual, sales, or other incentive compensation.
Our Promise
At Guardian, you'll have the support and flexibility to achieve your professional and personal goals. Through skill-building, leadership development and philanthropic opportunities, we provide opportunities to build communities and grow your career, surrounded by diverse colleagues with high ethical standards.
Inspire Well-Being
As part of Guardian's Purpose - to inspire well-being - we are committed to offering contemporary, supportive, flexible, and inclusive benefits and resources to our colleagues.
Health Care

• Choice of [high deductible/copay] medical plans* with prescription drugs, including coverage for fertility and transgender inclusive benefits
• Dental plan
• Vision plan
• Health care accounts - flexible spending, health reimbursement, and health savings accounts
• Critical illness insurance

Life and Disability Insurance

• Company-paid Life and Disability insurance plus voluntary supplemental coverage
• Accident insurance

Retirement and Financial

• 401(k) retirement plan with a company match, plus an annual age/service-based Company contribution and an annual profit-sharing contribution, if applicable
• Complimentary 1:1 financial guidance with a licensed Fidelity representative

Time Off and Remote Work

• Flexible work arrangements (part in-person/part remote)
• Unlimited paid time off for most roles plus time off for volunteering, jury duty, voting, and bereavement
• Personal holidays for colleagues to use in recognition of religious, cultural, or civic days
• Paid parental leave and paid family and medical leave policies

Emotional Well-being and Work-Life

• Emotional well-being, mental health, and work/life resources powered by Spring Health
• Wellness programs, including fitness program and equipment reimbursement
• Child, adult, and elder back-up care support through Bright Horizons
• Adoption assistance
• College planning
• Tuition reimbursement
• Student loan assistance
• Commuter benefits in select metropolitan areas

Justice, Equity, Diversity & Inclusion (J.E.D.I.)

• Employee Resource Groups that advocate for inclusion and diversity
• J.E.D.I. certification and training programs
• Matching gifts/volunteering

Benefits apply to full-time eligible employees. Interns are not eligible for most Company benefits.
Equal Employment Opportunity
Guardian is an equal opportunity employer. All qualified applicants will be considered for employment without regard to age, race, color, creed, religion, sex, affectional or sexual orientation, national origin, ancestry, marital status, disability, military or veteran status, or any other classification protected by applicable law.
Accommodations
Guardian is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities. Guardian also provides reasonable accommodations to qualified job applicants (and employees) to accommodate the individual's known limitations related to pregnancy, childbirth, or related medical conditions, unless doing so would create an undue hardship. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact applicant_accommodation@glic.com.