Director, Model Validation

Prudential

Kuala Lumpur, Malaysia
Actuarial model validation
Model risk policy
Independent assurance and validation
The Group-wide Risk and Compliance function provides second line of defence oversight and control, overseeing financial and non-financial risks and ensuring adherence to regulatory and internal compliance requirements

Job Summary

  • The Group-wide Risk and Compliance function provides second line of defence oversight and control, overseeing financial and non-financial risks and ensuring adherence to regulatory and internal compliance requirements.
  • The Model Risk and Model Validation COE team develops and implements the Model Risk Policy, provides independent assurance and validation of key models, and validates internal capital model components for the Group Internal Economic Capital Assessment.
  • The role involves overseeing critical model validation processes, supporting validation for valuation, capital reporting, and pricing, preparing validation reports for governance committees, and contributing to the standardization of the validation framework.

Matching Summary

The Group-wide Risk and Compliance function provides second line of defence oversight and control, overseeing financial and non-financial risks and ensuring adherence to regulatory and internal compliance requirements.

Skills & Requirements

Must-have

  • Actuarial model validation
  • Model Risk Policy
  • Independent assurance and validation
  • Group Internal Economic Capital Assessment
  • Group-wide Supervision framework

Nice-to-have

  • Analytical mind-set
  • Strong problem solving skills
  • Commercially orientated and pragmatic
  • Flexible to adapt to fluid environment

Key Requirements

  • Qualified actuary (at least 5 year PQE)
  • Life insurance or risk management background
  • Prior experience of actuarial model testing, validation or audit
  • Prior experience of people management

Work Rights

Not specified

Tailored Resume

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