What are the responsibilities and job description for the ERM Senior Model Risk Analyst position at Talcott Financial Group?
Job Description
Talcott Financial Group
is an international life insurance group and the industry’s trusted partner for comprehensive risk solutions. Talcott creatively designs and expertly delivers responsive solutions that transfer risk and manage capital in a way that supports the strategic needs of insurers today and into the future.
Talcott Financial Group has a proven track record of well-executed transactions, and the enterprise benefits from its strong financial position with over $127 billion in assets under management, its investment-grade financial strength ratings, and its partnership with Sixth Street, a leading global investment firm.
Talcott Financial Group’s two core business platforms include : U.S. based Talcott Resolution and Bermuda and Cayman based Talcott Re.
Overview :
This position will report into the Head of Model Risk in Enterprise Risk Management (ERM). The ERM team is composed of Actuaries, CFA charter holders, and risk professionals and is tasked with, among other things :
Identifying and Assessing Risks
Developing and testing of the Company’s Risk Appetite
Developing and maintenance of the Company’s Risk Management Framework
Establishing risk tolerances, and Limits
Risk monitoring; and internal and external risk reporting
Responsibilities :
Develops, implements, and communicates model risk policies and procedures
Supports the oversight and challenge of key model risk activities including model documentation, model adoption and change, and model validation
Maintains a model risk register and follows up with key stakeholders on the remediation of findings
Develops comprehensive and detailed model risk reports to help monitor and manage model risk
Maintains a centralized catalogue of key MRM artifacts including Policy, Standards, templates, training materials, MRM risk register, leadership team meeting materials, and program execution documents
Assesses and monitors model risk exposures
Maintains and updates a centralized model and tool inventory
Supports model and tool validations as appropriate
Supports the training of MRM program objectives and requirements
Establishes strong relationships with model owners, model business owners, and model business users
Supports the oversight and management of Operational risks in the Finance, Actuarial, and Investment departments.
Collaborates with Finance, Actuarial, and Finance representatives to identify key operational risks and develop effective mitigation strategies
Qualifications :
Bachelor's degree or higher in a quantitative discipline
7 years of experience required, with focus on model risk, actuarial and finance processes, operational risk, and / or insurance industry preferred
Strong project management and collaboration skills
Strong attention to detail and well organized; ability to prioritize, multi-task and work independently while delivering superior outcomes
Strong communicator through verbal, written and listening skills
Quick learner and able to drive continuous improvement beyond own scope of responsibility; able to constructively challenge status quo
Professional designations such as CFA or FRM a plus
Talcott Financial Group is an equal employment and affirmative action employer. All qualified applicants will receive consideration without regard to race, color, sex, religion, age, national origin, disability, veteran status, sexual orientation, gender identity or expression, marital status, ancestry or citizenship status, genetic information, pregnancy status or any other characteristic protected by law. Talcott Resolution maintains a drug-free workplace and is committed to building inclusion and leveraging diversity. For more information regarding our Privacy Policy, please go to
Keep a pulse on the job market with advanced job matching technology.
If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution.
Compensation Planning
Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right.
Surveys & Data Sets
What is the career path for a ERM Senior Model Risk Analyst?
Sign up to receive alerts about other jobs on the ERM Senior Model Risk Analyst career path by checking the boxes next to the positions that interest you.
