Company Name:-
Genpact

Job Location:-
Hyderabad, Telangana

Job Summary:-
Manager – Actuarial Model validation-CPG022338
With a startup spirit and 90,000+ curious and courageous minds, we have the expertise to go deep with the world’s biggest brands—and we have fun doing it.

Now, we’re calling all you rule-breakers and risk-takers who see the world differently and are bold enough to reinvent it.

Come, transform with us.

Are you the one we are looking for?
Inviting applications for the role of Manager- Actuarial Model validation.

Responsibilities
Process Support:
Perform independent model validations of actuarial models according to Model Validation Framework
Model design and build is consistent with its intended purpose
Ensure appropriateness of established model governance
Make validation efforts proportional to areas of materiality and complexity
Validate the model components (input, calculation, and output)
Address limitations of model validation
Document the model validation
Perform risk reviews of model changes in accordance with model governance requirements
Produce Model Risk metrics – Model quality score, Model risk score
Perform peer review activities as needed (e.

g.

for other testers on the team)
Develop and maintain model benchmarking tools (e.

g.

spreadsheets with parallel calculations)
Identify and focus on high model risk areas while ensuring compliance with all validation requirements
Provide clear and proper validation documentations and maintain a repository of validation artifacts
Work closely and foster constructive relationships with the modeling teams and other business partners (e.

g.

product areas).

Create knowledge repository building through process documentation
Execute project plans with efficiency and accuracy and contribute to model validation test plans, analysis support files, and reports
Provide support to management, internal audit, SOX teams, and the Model Governance Committee as needed.

Identify and timely escalation of issues requiring attention to leadership; support creating necessary action plans.

Training and development of the junior staff in the team
Minimum Qualifications
BS/BA Degree in actuarial science, mathematics, statistics and/or related major;
Partially Qualified Actuary (5+ Actuarial exams cleared) with experience in P&C insurance
Work

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