Model Risk Analyst

POSITION TITLE

Model Risk Analyst

LOCATION

Richmond, VA

Remote US (Eastern and Central Time Zones)

This position is available to Virginia residents as Richmond, Virginia in-office applicants or remote applicants residing in states/locations under Eastern or Central Standard Time: Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, New Hampshire, New Jersey, New York, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Virginia, Washington DC, Vermont, West Virginia or Wisconsin.

At Genworth, we are committed to caring for our customers and for the safety of our colleagues. In the event the office is inaccessible (e.g., inclement weather), this role may be required to work remotely.

YOUR ROLE

The Model Risk Team manages model risk the USLI division, Investment function and corporate segment. You will work as part of this team to support model validation work, lead focused/ targeted analysis related to model validation work, support governance work and support a comprehensive assessment of model risk across models and processes that rely on models. You will partner with 1st, 2nd and 3rd line resources to collaborate on work, develop insights, assess model risk and recommend actions to mitigate risk.

WHAT YOU WILL BE DOING

Model Validation and Analytical work:

• Lead focused areas of end-to-end model validations including input data, model output, transfers/ handoffs between models and business processes
• Support the Annual Model Risk Management Framework update and simplification
• Support model validations for finance, investment or other non-actuarial models
• Cultivate relationships and channels of communication across the 1st, 2nd and 3rd lines teams to build risk culture, promote model risk management, share in best practices and provide independent perspective on initiatives and issues related to modeling
• Contribute to development of the model risk management program through independent learning, on job experience and collaboration with the team, model owners and other lines
• Assist with model governance work and/ or other model risk projects as needed
• May support actuarial model validations for a defined scope of the model validation

MUST HAVE / WHAT YOU BRING

• Bachelor's degree in quantitative field
• 3+ years of experience in Finance, Risk or Audit function
• Strong project management and analytical skills
• Strong communication skills (verbal and written)
• Ability to manage workload and consistently achieve delivery timelines
• Ability to work independently with minimal supervision
• Ability to challenge and influence in a collaborative way

NICE TO HAVE

• Basic understanding of Structured Query Language (SQL)
• Familiarity with Actuarial processes and practices
• Governance and controls background
• Model Risk Management or Enterprise Risk Management experience

WHAT WE OFFER

• We have a real impact on the lives of the people we serve
• We work on challenging and rewarding projects
• We give back to the communities where we live
• We offer competitive benefits including:
  • Medical, Dental, Vision, Flexible Spending Account options beginning your first day
  • Generous Choice Time Off your first full year
  • 12 Paid Holidays
  • 40 hours of volunteer time off
  • 401K Account with matching contributions
  • Tuition Reimbursement and Student Loan Repayment
  • Paid Family Leave
  • Child Care Subsidy Program

COMPANY

Genworth Financial, Inc. (NYSE: GNW) is a Fortune 500 provider of products, services and solutions that help families address the financial challenges of aging. Headquartered in Richmond, Virginia, we apply our nearly 150 years of experience each day to helping people navigate caregiving options and fund their long term care needs. Genworth is also the parent company of publicly traded Enact Holdings, Inc. (Nasdaq: ACT), a leading U.S. mortgage insurance provider. For more information on Genworth, please visit https://www.genworth.com/. From time to time Enact separately releases financial and other information about its operations. This information can be found at https://ir.enactmi.com/.

The mission of Genworth's US Life business is to efficiently keep our promises to our customers and their families and to lead the industry forward to solve the nation's long term care crisis.

We know we can't deliver on our mission unless we deliver for our employees. That's why we're committed to creating a work environment that fosters diversity, inclusion, camaraderie, rewarding work, community involvement, and a focus on our employees' well-being. We know each employee contributes in their own unique way and we're dedicated to supporting every one of them to help them reach their full potential.

At this time, Genworth will not sponsor a new applicant for employment authorization for this position.

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