Associate Actuary, Model Risk (remote or hybrid)

Date: Nov 20, 2021

Location: Radnor, PA, US

Company: Lincoln Financial

 

Alternate Locations: US All Regions; Radnor, PA (Pennsylvania)

 

Work Arrangement: Hybrid/Home

 

Relocation assistance:: is not available for this opportunity.

 

Pay Range: $63,100 - $137,900 

 

Bonus Potential:  10% 

 

Requisition #: 67209

 

 

The Role at a Glance

 

As part of our go forward strategy in risk management, we believe that “everyone at Lincoln is a risk manager and as a result, we’re expanding our industry leading, best in class Risk organization adding new roles in all disciplines of our risk management organization. Lincoln is committed to investing in the talent, systems, and processes to make this happen , resulting in opportunity for impact on enterprise strategic direction and potential career growth for risk professionals.

 

As the Model Risk and Governance (MRG), Assciate Actuary, you  working with all areas of risk and all lines of businesses, you will help support 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, added-value, actionable risk analytics and governance to drive business results. The MRG Consultant will assist in developing a model risk framework and perform 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 developing a Model Inventory, prioritizing model testing, and preparing Lincoln Financial Group for emerging regulatory modeling. 

 

The ADP Program

The Actuarial Development Program (ADP) at Lincoln Financial Group is an industry-leading program that demonstrates Lincoln Financial’ s commitment to creating highly qualified business leaders.  As an ADP participant, you’ll be able to explore your unique interests while developing the essential actuarial, technical, management, communication, and leadership skills you need to succeed.
Program participants receive up to 175 hours of company time to study per exam sitting. Lincoln Financial Group purchases required exam materials and pays exam fees in advance for each program participant.

What you'll be doing:

 

  • Build comfort with the calculation methods and governance procedures involved in various models across the organization
  • Establishe effective working relationships throughout the organization, both at the corporate level and within the businesses.
  • Participate in workgroups by evaluating issues and problems of strategic significance to Lincoln Financial Group
  • Consult with Risk leaders on strategic and risk related issues and problems
  • Facilitate model risk assessment discussions and analyses with risk groups throughout the organization
  • Help identify, measure and communicate model risk issues
  • In conjunction with other risk management areas in the lines of businesses, help develop, implement, monitor, and manage model risk mitigation programs for the enterprise
  • Provide research and data analysis support and coordinates special projects 
  • Evaluate current and emerging industry issues
  • Implement process improvements, consistency, governance, controls, and oversight
  • Assist in the development of risk methodologies for Lincoln Financial based on actuarial and capital markets/economic principles
  • Develop robust capabilities for an end to end view on risks at the company
  • Help to facilitate transition from existing approaches to newer approaches, and overcomes barriers to mindset change

What we're looking for:

 

Must have: 

  • At least 5 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
  • Market consistent embedded value, or capital market-based insurance product development, risk management experience is valuable
  • 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
  • Bachelor's degree is required, preferably in math, business or other quantitative field

 

Computer skills:

  • Proficient with ALFA or similar projection software systems
  • Data management software
  • Ability to contribute to and influence advances in ERM technology and approaches a plus

 

Nice to have: 
Highly desirable:

  • ASA 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

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

 

Work Arrangement

Hybrid/Home : Employees will work from home generally three days each week and come into a Lincoln office on a schedule their manager will help set, following any applicable in-office training period determined by their manager.

 

Lincoln will evaluate the following when setting the successful candidate's wage rate:
•    Prior work or industry experience.
•    Education level to the extent education is relevant to the position.
•    Unique skills

 

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 http://newsroom.lfg.com

 

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 fraudhotline@lfg.com 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.

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