Role Summary
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Associate model risk role in Enterprise Risk Management focused on life insurance product models. You will perform independent model reviews, build challenger models, and assess model risk and remediation. Early-career (0–2 years) position based in Newark, NJ with a hybrid work expectation.
JOB DESCRIPTION SUMMARY
- Perform independent model reviews and document findings for enterprise models
- Build challenger models and analytical tools to validate model outputs
- Work on life insurance product models and ALM/derivative valuation
- Hybrid role based in Newark, NJ with recurring on-site presence
- Ideal for early-career quantitative or actuarial candidates (0–2 years)
DOMAIN EXPERTISE
- Life insurance products and actuarial models
- Valuation of financial derivatives (options, swaps, swaptions)
- Asset-Liability Management (ALM) for insurance products
- Hands-on programming with Python and VBA
KEY REQUIREMENTS
- 0–2 years of quantitative finance, financial engineering, or actuarial experience
- Strong knowledge of life insurance products, actuarial functions and models
- B.S. in a quantitative field required (graduate degree preferred)
- Hands-on programming experience in Python and VBA
- Working knowledge of valuation for derivatives and ALM concepts
TECH STACK
- No tech stack specified
