Senior Actuarial Data Scientist, AI Risk

Reposted 20 Days Ago
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Toronto, ON, CAN
In-Office
Senior level
Artificial Intelligence • Machine Learning • Software
Insurance for generative AI and AI agents
The Role
Develop and implement AI risk assessment and pricing frameworks by evaluating AI models, creating rating tables and pricing models, collaborating with underwriters, building Python-based analytical tools, and researching emerging AI risks and mitigation strategies.
Summary Generated by Built In

About Armilla AI

Armilla AI is a cutting-edge startup based in Toronto, Ontario, Canada, operating at the intersection of artificial intelligence and insurance. We're not just talking about AI risk; we're actively building the solutions to manage, underwrite, and insure it. Our dynamic team is passionate about pioneering the future of AI risk management through the development of sophisticated AI-powered tools and programmatic evaluation platforms.

The Role

We're on the hunt for a truly unique individual – a "unicorn" who seamlessly blends deep actuarial expertise with robust Artificial Intelligence and Machine Learning capabilities. As our Senior Actuarial Data Scientist, AI Risk, you'll be pivotal in developing and implementing our AI risk assessment and pricing frameworks. This isn't just a role; it's an opportunity to shape an emerging industry.

Role Responsibilities

In this exciting role, you'll:

  • Assess and evaluate AI models to identify insurable risks, potential vulnerabilities, and failure modes.
  • Work hand-in-hand with our underwriters to structure comprehensive and innovative insurance coverage for various AI systems and applications.
  • Develop sophisticated rating tables and pricing models that accurately quantify and price complex AI-related risks.
  • Leverage your strong programming skills in Python to build and implement analytical tools, prototypes, and automated processes.
  • Dive into the world of Large Language Models (LLMs) and other advanced AI techniques to enhance our risk assessment, prediction, and mitigation strategies.
  • Conduct in-depth quantitative analysis and research, staying ahead of emerging AI risks and industry trends.
  • Translate complex technical concepts into clear, actionable insights for both technical and non-technical stakeholders.

What We're Looking For

We're seeking a candidate who brings:

  • Strong knowledge of the insurance industry and core actuarial principles, including hands-on experience with risk modeling, pricing, and reserving. Any actuarial designations will be an asset.
  • A strong background in data science, with a proven track record in statistical modeling, machine learning, and predictive analytics.
  • Expertise in Python is essential, along with practical experience in relevant libraries such as Pandas, NumPy, Scikit-learn, TensorFlow, or PyTorch.
  • Familiarity with Large Language Models (LLMs) and their potential applications in risk assessment is a significant asset.
  • The ability to thrive both independently and collaboratively in a fast-paced, startup environment.
  • Exceptional problem-solving skills and a keen attention to detail.
  • Excellent communication and interpersonal skills, enabling you to effectively convey complex ideas to diverse audiences.

What's In It For You

Joining Armilla AI means:

  • Pioneering a New Frontier: You'll be at the forefront of a rapidly evolving industry, helping to define how AI risks are managed and insured globally.
  • Impactful Work: Your contributions will directly influence our product development, risk assessment strategies, and ultimately, our success.
  • Startup Agility: Enjoy the fast-paced, innovative, and collaborative culture of a growing startup where your ideas matter.
  • Professional Growth: This role offers unparalleled opportunities for learning and career advancement in a cutting-edge domain with deeply experienced AI and insurance experts. We support professional growth, including partial reimbursement for annual membership fees for designated actuaries.

Skills Required

  • Strong knowledge of insurance industry and core actuarial principles including risk modeling, pricing, and reserving.
  • Actuarial designation or progress toward designation (asset).
  • Background in data science with proven experience in statistical modeling, machine learning, and predictive analytics.
  • Expertise in Python.
  • Practical experience with Pandas, NumPy, Scikit-learn, TensorFlow or PyTorch.
  • Familiarity with Large Language Models (LLMs) and their applications in risk assessment.
  • Ability to work independently and collaboratively in a fast-paced startup environment.
  • Excellent communication and interpersonal skills to convey complex ideas to diverse audiences.
  • Exceptional problem-solving skills and attention to detail.
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The Company
Toronto, Ontario
19 Employees
Year Founded: 2020

What We Do

Armilla AI is a provider of AI risk mitigation and transfer solutions on a mission to enable enterprises to safely deploy cutting edge AI. Using industry-leading AI/LLM evaluation technology, the company assesses and measures the risk level of AI models to provide AI verification and warranties, backed by leading reinsurers Swiss Re, Greenlight Re and Chaucer. A graduate of renowned AI and insurtech accelerators, including Creative Destruction Lab, Y-Combinator, Lloyd’s Lab and Betaworks’ AI Camp, Armilla AI was recently named to FinTech Global's Insurtech100 and InsureTechConnect's Forward50, and is a winner of the Responsible AI Institute’s 2023 award for most outstanding product. Armilla’s clients include AI scale ups and large enterprises in financial services, insurance, healthcare, human resources, legal services, manufacturing and beyond.

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