Job Title

The Opportunity As a member of the Enterprise Risk Management (ERM) organization at MassMutual, you will partner with various business areas to conduct independent model validations for a wide variety of models, integral to critical business decision making, product pricing, financial reporting, risk mitigation activities and business processes. The TeamThe Model Validations team is comprised of seasoned professionals with expertise in actuarial, financial, risk, investment and capital markets models, who are also building knowledge in emerging areas of importance, such as data science, machine learning and artificial intelligence. The team conducts independent validations on a wide variety of models to ensure the company’s models are conceptually sound and performing as expected.The ImpactYou will utilize your actuarial, investment, and capital risk modeling expertise to conduct best-practice model validation activities, helping protect the company’s reputation and financial stability through robust management of risks associated with the use of these models.If you are someone that has a passion for complexity, continuous improvement, learning and curiosity about different points of view, this may be the right role for you. Specific expectations from this role:Build relationships, influence, collaborate and learn various aspects of our business from many modelers, data-scientists, actuaries and business leaders at MassMutual. As a risk advisor, participate in the design, development and implementation of new modelsConduct model validations in accordance with corporate model governance policy requirements and timelines, leveraging deep modeling, asset pricing, actuarial and regulatory expertise.Assess model design, theoretical construction, methodology, applicability, and resilience within evolving economic and risk environments, in accordance with corporate, actuarial and/or regulatory standards.Validate accuracy of model calculations, algorithms, and any embedded automation / programming code base.Design and implement tests to ensure model performance and model output are as expected.Prepare and distribute model validation documentation, which meets model governance requirements.Test remediation of validation findings.Continuously research and provide guidance on the use of new and innovative analytical techniques.The Minimum QualificationsBachelor’s degree in Actuarial Science, Finance, Econometrics, Statistics, Mathematics, Physics, or another quantitative discipline5+ years of direct experience in one of the following:Capital markets and/ or investment riskQuantitative asset pricing modelsLiability hedging strategiesStatistical methods of analysis3+ Microsoft Excel, Access, and VBA3+ experience with PythonThe Ideal QualificationsPossess one or more of the following designationsAssociate of Society of Actuaries (ASA)Fellow of Society of Actuaries (FSA)Charter Financial Analyst (CFA)Certificate in Quantitative Finance (CQF)Financial Risk Manager (FRM)7+ years of direct experience in one of the following:Capital markets and investment riskQuantitative asset pricing modelsInsurance liability hedging strategiesStatistical methods of analysisALM and annuity product pricing experience Knowledge of commercial software, including Prophet, GGY AXIS and Moody's asset modelsStrong statistical, risk, analytical, modeling, and problem-solving skillsAbility to see the big picture with meticulous attention to detailStrong communication and collaboration skills, both written and verbalDemonstrated accountability and ownership of self-developmentAbility to build and maintain strong working relationships within and across teams, while challenging in a constructive mannerStrong execution and time management skillsWhat to Expect as Part of MassMutual and the TeamRegular meetings with the Model Validations TeamFocused one-on-one meetings with your managerAccess to mentorship opportunitiesNetworking opportunities including the Actuarial Gathering, access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource GroupsAccess to learning content on Degreed and other informational platformsYour ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits#LI-ST1Salary Range:$128,000.00-$168,000.00At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees.Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.