Actuary, Model Risk & Governance (*remote consideration))

Date: Feb 28, 2023

Primary Location: Radnor, PA, US

Company: Lincoln Financial

Alternate Locations: Work from Home


Work Arrangement:

Hybrid/Flexible : Work at home and use the office as appropriate for in-person collaboration.


Relocation assistance:  is not available for this opportunity.


Requisition #: 71129


The Role at a Glance


As the Model Risk and Governance (MRG) Actuary, working with all areas of risk and all lines of businesses, you will facilitate the continued development and implementation of the Lincoln Financial Group's MRG program. MRG is a team reporting to the Chief Risk Officer within the Investment and Risk Department. 

The focus of this group is to deliver insightful, value-adding, actionable risk analytics and governance to drive business results. The MRG Actuary will assist in developing a model risk framework and performing critical second-line reviews of various models across the organization.  You will contribute to the establishment of model risk methodologies for Lincoln Financial with an emphasis on enhancing our Model Inventory, prioritizing model testing, and preparing Lincoln Financial Group for emerging regulatory modeling.  
Critical to the success of this role is the ability to build strong, trusted partnerships with model owners and operators. MRG depends on these partnerships in order to ensure transparent communication of the risk profiles of company models. The MRG Actuary will develop an important relationship with leaders in a particular business unit in order to build familiarity with those models and construct appropriate testing regimens. The MRG Actuary will gain valuable leadership skills in partnering with junior staff to execute model reviews, and in discussing MRG review progress with senior ERM staff.

*We’re open to remote work or hybrid / home if you are located near one of our key city locations


What you'll be doing


  • Develops an expert opinion on the calculation methods and governance procedures embedded in various company models
  • Establishes effective working relationships throughout the organization, both at the corporate level and within the businesses
  • Assists in the calculation and implementation of risk appetite, which incorporates inforce and new business projections across a variety of market scenarios and business sensitivities
  • Participates or leads workgroups by evaluating issues and problems of strategic significance to Lincoln Financial Group, especially via risk appetite
  • Consults with Investments and Risk leaders on strategic and risk related issues and problems
  • Facilitates model risk assessment discussions and analyses with risk groups throughout the organization
  • Helps identify, measure and communicate model risk issues
  • In conjunction with other risk management areas in the lines of businesses, helps develop, implement, monitor, and manage model risk mitigation programs for the enterprise
  • Researches and prepares briefings on status of key projects and initiatives to senior leaders
  • Provides research and data analysis support and coordinates special projects 
  • Acts as a subject matter expert on current and emerging industry issues
  • Implements process improvements, consistency, governance, controls, and oversight
  • Assists in the development of risk methodologies for Lincoln Financial based on actuarial and capital markets/economic principles
  • Develops robust capabilities for an end to end view on risks at the company
  • Helps to facilitate transition from existing approaches to newer approaches, and overcomes barriers to mindset change


What we’re looking for



  • Bachelor's degree is required, preferably in math, business or other quantitative field
  • Highly desirable:
  • FSA and/or Chartered Enterprise Risk Analyst designation 
  • Advanced degree in financial engineering
  • PhD level degree in a quantitative field
  • FRM/PRM/CQF designations
  • CFA designation



  • At least 8 years of financial analysis, engineering, capital markets, modeling, planning and forecasting
  • Relevant experience in life insurance industry and actuarial training
  • Relevant experience with valuation modeling and related governance procedures
  • Knowledge of techniques and tools in market, credit and operational risk management
  • Strong communication skills, ability to tailor message at the level of the recipient is required
  • Working knowledge of quantitative investment/derivative strategies and risk management desirable
  • Ability to communicate knowledgeably and credibly, both internally and externally, with strong written/verbal communications and excellent presentation skills
  • Strong interpersonal skills, engaging, approachable, with the ability to influence
  • High energy, self-motivated, with a high level of self-awareness
  • Critical thinker with an ability to analyze information and to evaluate the implications of a course of action or strategy
  • Understands the interdependencies of how people and organizations function, and can negotiate through complex political situations effectively
  • Finds common ground and can gain collaboration among management, colleagues and peers; can influence outcomes without directing or commanding.
  • Demonstrated excellent relationship management skills with internal clients; proven ability to develop creative and collaborative approaches to driving client-focused solutions which also benefits the company’s top and bottom lines
  • Ability to understand Lincoln Financial Group’s internal and external customers and address their needs
  • Computer skills:
  • Proficient with ALFA or similar projection software systems
  • Tableau, Dataiku, SAS or other data management packages



What’s it like to work here?

At Lincoln Financial Group, we love what we do. We make meaningful contributions each and every day to empower our customers to take charge of their lives. Working alongside dedicated and talented colleagues, we build fulfilling careers and stronger communities through a company that values our unique perspectives, insights and contributions and invests in programs that empower each of us to take charge of our own future.


What’s in it for YOU:

  • A clearly defined career framework to help you successfully manage your career

  • Leadership development and virtual training opportunities

  • PTO/parental leave

  • Competitive 401K and employee benefits

  • Free financial counseling, health coaching and employee assistance program

  • Tuition assistance program

  • A leadership team that prioritizes your health and well-being; offering a remote work environment and flexible work hybrid situations

  • Effective productivity/technology tools and training


Pay Range: $102,301 - $184,500 


Actual base pay could vary based on non-discriminatory factors including but not limited to work experience, education, location, licensure requirements, proficiency and qualifications required for the role. The base pay is just one component of Lincoln’s total rewards package for employees.  In addition, the role may be eligible for the Annual Incentive Program, which is discretionary and based on the performance of the company, business unit and individual.  Other rewards may include long-term incentives, sales incentives and Lincoln’s standard benefits package.


About The Company

Lincoln Financial Group, a Fortune 200 company with over 10,000 employees, provides advice and solutions that help empower Americans to take charge of their financial lives with confidence. Our core business areas — Life Insurance, Annuities, Retirement Plan Services and Group Protection — focus on supporting, preserving and enhancing over 17 million customer’s lifestyles and retirement outcomes.

Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. The company had $324 billion in end-of-period account values as of June 30, 2021.

Ranked one of the Best Large Employers in America and Best Employers for Women by Forbes magazine as well as one of Newsweek’s Most Responsible Companies, Lincoln Financial Group makes a serious investment in our employees’ futures through a broad range of wealth accumulation and protection plans, health and wellness programs, and career development resources designed to help each individual reach their personal and professional goals.


Lincoln is committed to creating a diverse and inclusive environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. 


Lincoln Financial Group is a committed corporate citizen included on major sustainability indices including the Dow Jones Sustainability Index North America and FTSE4Good. Dedicated to diversity and inclusion, we earned perfect 100 percent scores on the Corporate Equality Index and the Disability Equality Index. Follow us on Facebook, Twitter, LinkedIn, and Instagram. Sign up for email alerts at


Be Aware of Fraudulent Recruiting Activities

If you are interested in a career at Lincoln, we encourage you to review our current openings and apply on our website. Lincoln values the privacy and security of every applicant and urges all applicants to diligently protect their sensitive personal information from scams targeting job seekers. These scams can take many forms including fake employment applications, bogus interviews and falsified offer letters.

Lincoln will not ask applicants to provide their social security numbers, date of birth, bank account information or other sensitive information in job applications. Additionally, our recruiters do not communicate with applicants through free e-mail accounts (Gmail, Yahoo, Hotmail) or conduct interviews utilizing video chat rooms. We will never ask applicants to provide payment during the hiring process or extend an offer without conducting a phone, live video or in-person interview.  Please contact Lincoln's fraud team at if you encounter a recruiter or see a job opportunity that seems suspicious.


Additional Information

This position may be subject to Lincoln’s Political Contribution Policy.  An offer of employment may be contingent upon disclosing to Lincoln the details of certain political contributions. Lincoln may decline to extend an offer or terminate employment for this role if it determines political contributions made could have an adverse impact on Lincoln’s current or future business interests, misrepresentations were made, or for failure to fully disclose applicable political contributions and or fundraising activities.


Any unsolicited resumes/candidate profiles submitted through our web site or to personal e-mail accounts of employees of Lincoln Financial Group are considered property of Lincoln Financial Group and are not subject to payment of agency fees.


Lincoln Financial Group (“LFG”) is an Equal Opportunity employer and, as such, is committed in policy and practice to recruit, hire, compensate, train and promote, in all job classifications, without regard to race, color, religion, sex (including pregnancy), age, national origin, disability, sexual orientation, gender identity and expression, Veteran status, or genetic information.  Applicants are evaluated on the basis of job qualifications.  If you are a person with a disability that impedes your ability to express your interest for a position through our online application process, or require TTY/TDD assistance, contact us by calling 260-455-2558.


This Employer Participates in E-Verify. See the E-Verify notices.

Este Empleador Participa en E-Verify. Ver el E-Verify avisos. 

Job Segment: Accounting, Actuarial, Testing, Risk Management, Embedded, Finance, Insurance, Technology