At Allianz Life, we are driven by our mission - we secure your future - and by our common goal of caring for tomorrow. We care for our employees by promoting an inclusive culture where everyone has the opportunity to grow and be rewarded for their success. We care for our customers by creating new products that help them protect their families and pursue their retirement goals. We care for our community by giving time, resources, and donations. And we care for the future by supporting sustainability, protecting the local environment, and promoting societal equity.

What you do:Reporting directly to the Chief Risk Officer, this role is accountable for overall leadership of the Model Risk Management team. This role must collaborate effectively with highly technical leaders across multiple departments and operating entities on all matters related to model risk, model validation and risk management in general. Ensures model validation library and all validation models remain current, relevant and in compliance with all applicable changes in laws. Serves as a thought leader and incorporates updates and changes into models to maintain alignment with current best practice and methodology.

What you bring:

• Stakeholder Interaction: Serve as the primary point of contact for departments and contracted entities for all model risk validation activity. Build and maintain strong relationships with customers and stakeholders. Establish, maintain and update service levels and agreements as needed. Ensure all committees / groups responsible for model governance are kept current on any changes to models and / or methodology
• Model Governance: Accountable for reviewing and updating the model validation library as required. Review the model governance and ensure appropriateness to the organization considering Allianz Group and/or legal requirements. Propose changes as required, ensure model governance has appropriate scope and coverage for new and existing models.
• Assess model governance adherence across the organization. Maintain the model inventory and track relevant status including validation status, materiality, criticality, and other items pertinent to the model, understand the modelling process including inputs and outputs, assumptions and update/review intervals. Assess the model life cycle and model change management process of the various models and provide best practices to the various teams, work with model owners to understand the model changes which are being considered and assess if model changes will impact the validation status of the models and require review/validation
• Model Validation: With a high degree of independence, develop / review the model validation plan and prepare an annual model validation report for the Chief Risk Officer. Develop / update templates used by model validators. Develop / update the model validation program for each model validation, perform model validations as independent reviewer. Review findings from model validations and align with the Chief Risk Officer. Align on / negotiate findings, outcomes and actions with the various impacted models and teams to determine a remediation plan and timeline for implementation. Track remediation plan items and work with teams to ensure identified items are being addressed
• Team Leadership: Lead a team of highly skilled model validation analysts. Coach, guide and develop team members. Maintain a cohesive, engaged team through creation and maintenance of a positive team culture and dynamic.

Experience:8-10 years-experience required: Experience developing and validating models required. Must possess deep knowledge of the insurance industry and insurance products. Demonstrated success leading a team and building effective relationships in a complex, matrixed environment

Education

• 11+ years' experience preferred
• Four-year degree required: Bachelor's degree in Mathematics, Statistics, or related technical or business field
• Advanced degree preferred: Master's degree in Mathematics, Statistics or related technical or business field

What we offer:At Allianz Life, we're proud to provide a benefits package that supports the True Balance of our employees and their families. We offer a choice of comprehensive medical and dental plan options, a generous time off plan and an outstanding 401(k) company match. Plus, our employees enjoy an award-winning campus with an array of discounted amenities, including an onsite health center, child development center, fitness facility, convenience store and two cafeterias. Our employees and leaders take an active role in shaping our culture through our Employee Resource Groups, whose activities and advocacy contribute to an environment that welcomes, includes and celebrates diversity. Our generous benefits, campus amenities and inclusive, engaged culture are among the many reasons we're routinely recognized as a top workplace employer.

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.

Join us. Let's care for tomorrow.