Model Risk Governance Consultant job in Regina

Regina, Saskatchewan Co-operators

Job Ref:	MODEL002365
Employer:	Co-operators
Sector:	Life Insurance Pensions/Retirement
Qualifications:	Unclassified
Job Type:	Full Time
Salary and Benefits:	Competitive
Remote:	No
Location
Country:	Canada
State/Province/County:	Saskatchewan
City:	Regina
Post Code:	Not specified
Map:	(Show on map)
Description
Company: CLIC Department: Corp Actuarial Employment Type: Temporary Full-Time (12 months) Work Model: Hybrid Language: This role operates in English. The Opportunity: We are a leading Canadian financial services co-operative committed to being a catalyst for a sustainable and resilient society and our team is essential to deliver on this strategy. That's why we prioritize our people, to ensure we provide a strong culture and development opportunities which enables our team to thrive and to live our purpose. The best part is that you will work with people that care passionately about you, our clients, and our communities. The role of the Model Governance Consultant/Specialist is to participate in the development of an Enterprise Model Risk Governance Framework and lead the implementation of the framework for all actuarial models within the Life company. The solution will require a risk-based approach with a focus on the Life Valuation models and ensuring consistent application of the Framework across the models. The role will also lead a coordinated effort across all functional areas to ensure consistency in approach and compliance with OSFI Guideline E-23 for all Life actuarial models. How you will create impact: Develop and implement a Model Risk Governance Framework for the Life Company models that is aligned to the enterprise-wide Model Risk Management Standard to ensure compliance with OSFI's Guideline E-23 Lead the model governance initiative for the Life company and collaborate with other teams such as Pricing to ensure a consistent application of the new Model risk Framework across the Life company Work closely with BI and ERM to finalize the draft internal standard, policy, and templates to be used for governance, as well as develop KRIs for risk monitoring and reporting. Investigate opportunities to automate the process and lead the implementation of any approved automations. Work with the modeling and business teams to design, build and share training guides and templates for governance requirements. How you will succeed: You have an innovative mindset to improve operational efficiencies and ability to influence change, with a primary focus on client needs. You use critical thinking skills to recognize assumptions, evaluate arguments, draw conclusions and proactively propose solutions. You have strong communication skills to clearly convey messages and explore diverse points of view. You build trusting relationships and provide guidance to support the development of colleagues. To join our team: Candidates should have a Bachelor of Science or similar degree in a relevant discipline. Candidates should have successfully completed courses in applied and mathematical statistics and actuarial models. A background in Actuarial Science would be an asset but is not a requirement. Candidates should have demonstrated strength in project management skills. Experience in risk governance or model risk management would be an asset. Candidates should have strong computer skills, including experience with Microsoft Office. Excellent verbal and written communication skills will be a critical part of this role. What you need to know: Extended work hours, including evenings and weekends may be required. You will be subject to a Background check as a condition of employment, in the event you are the successful candidate. What's in it for you? Training and development opportunities to grow your career. Flexible work options and paid time off to support your personal and family needs. A holistic approach to your well-being, with physical and mental health programs and a supportive workplace culture. Volunteer opportunities to give back to your community.

ref: (MODEL002365) 10 days ago

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Model Risk Governance Consultant job in Regina

Regina, Saskatchewan Co-operators

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