# Senior Manager, Model Risk & Validation

**Company**: Prudential
**Location**: Kuala Lumpur
**Experience**: senior
**Job type**: full-time
**Category**: Finance
**Industry**: Finance

**Apply**: https://prudential.wd3.myworkdayjobs.com/en-US/prudential/job/Kuala-Lumpur-Group-Head-Office/Senior-Manager--Model-Risk---Validation_25120074?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply
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## Description

Prudential's purpose is to be partners for every life and protectors for every future.

The Senior Manager, Model Risk & Validation will join the Group-wide Risk and Compliance function, specifically the Model Risk and Model Validation Center of Excellence team.

**Job Summary:** The incumbent will be responsible for assisting with model validation preparation, executing validation activities for critical models, and helping to develop findings.

**Principal Responsibilities:**

- Actuarial model validation:

- Assisting with model validation preparation, including development of terms of reference, identification of scope, and fact-finding activities.

- Executing validation activities for critical models used for various purposes, including valuation, capital reporting, and new business pricing.

- Helping to develop findings, gaining senior stakeholders' support, and ensuring timely delivery of validation reports.

- Conducting ad-hoc analysis required by senior management to gain comfort with model use for decision-making.

- Reviewing critical model changes and associated validation reports.

- Carrying out Deep Dive reviews related to critical models.

- Reporting:

- Preparing model validation-related papers for the Group Actuarial Technical Committee and the Board/GRC.

- Preparing reports on material model changes in relation to critical models to provide assurance to relevant governance committees, the Board/GRC.

- Producing the Group-wide model validation update report, consolidating BU model validation reports into the Group validation report.

- Actuarial Model Validation Platform:

- Developing replication templates for critical models.

- Managing the model validation governance platform.

- Supporting standardization agenda in terms of validation framework and process improvements.

**Requirements:**

- Part-qualified actuary with at least 5 years of experience, preferably with a life insurance or risk management background.

- Familiarity with current and emerging model platforms and risks relevant to the Group.

- Prior experience in actuarial model testing, development, validation, or audit is preferable.

- Understanding of insurance revenue accounts, balance sheets, and risks to which insurers are exposed, as well as how they are modeled.

- Analytical mindset with strong statistical and problem-solving skills.

**Core Competencies:**

- Highly motivated and able to work independently.

- Team player with flexibility to adapt to a fluid environment.

- Ability to communicate confidently with stakeholders at Group and Business Unit levels.

## Skills

### Required
- actuarial modeling
- risk management
- model validation
- statistical analysis
- problem-solving

### Nice to have
- life insurance
- risk management background
- actuarial model testing
- development validation
- audit

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