Model Risk Analyst, Divisional

Join our Model Risk Management (MRM) team and play a key role in delivering independent validation and risk review of the actuarial models across PL's. As part of the wider Risk (Line
2) function, the model risk team provides assurance to senior management and the Board on the effectiveness, accuracy and robustness of critical actuarial models. Working closely with model owners across the organisation, you will help strengthen model design, governance, processes, and controls.

Model Risk Analyst, Divisional

This is an outstanding opportunity for a strong technical actuary to broaden their commercial perspective and gain insight into the operations of a leading global reinsurer.

You will work with a diverse range of teams and innovative models spanning Reporting, Pricing, R&D, Capital Management, Business Planning and Underwriting. Models will range from traditional actuarial models to novel AI solutions. The role offers exposure to a variety of modelling platforms, methodologies, and business applications, while providing the opportunity to develop and apply actuarial judgement and critical thinking to identify risks and drive continuous improvement of modelling practices across Pacific Life.

We welcome applications from strong technical actuaries who are ready to develop their experience in independent model review and risk oversight, as well as those who can bring broader expertise and leadership to the role.

• Scope, plan and deliver model risk reviews while developing and defending review conclusions, including:
• Scheduled independent reviews of actuarial models under PL's Model Risk Management (MRM) Framework.
• Targeted reviews in response to specific business requests, operational events or major model change.
• Monitoring and reviewing model owners' progress in addressing agreed remediation actions from previous reviews.
• Develop and deliver model risk management information for business leaders.
• Identify recurring model risk themes and support strategic model risk, governance and process improvement initiatives.
• Present findings and recommendations clearly to model owners, senior leaders and wider business stakeholders.
• Support collaboration on strategic improvements between Line 1 delivery teams and Model Risk.

• Near-qualified actuary
• 3+ years of relevant experience
• Good knowledge of actuarial models and modelling software
• Good understanding of life insurance & reinsurance industry
• Proven ability to proactively problem solve and challenge practices
• Ability to exercise independent judgement, constructively challenge methodologies and practices, and explain evidence-based views clearly.
• Strong report writing skills
• Ability to manage competing priorities and projects

• Understanding of effective governance, control design, documentation, testing and review standards for actuarial models.
• Experience planning and delivering technical review work across competing priorities
• Experience identifying and recommending solutions to critical issues

• Good analytical and technical skills
• Effective time management
• Interpersonal, collaboration, verbal, and written communication skills
• Effective upward management
• Continuous improvement mindset

Every person in our global team is valued for the unique qualities they bring to our business and we seek to build their expertise and support their individual ambitions at every step. Of course, we take our work seriously and we know our team can operate under great pressure. We work hard and thrive on achievement, but we also know how to have fun and relax too.

We regularly host a range of team building days to strengthen our team's…