Genworth Financial Senior Model Risk Manager in Richmond, Virginia
Genworth Financial, Inc. is a Fortune 500 company with a global presence in over 25 countries. As a leading financial security company, we protect millions of customers by providing retirement, investment and mortgage insurance services that help meet their individual needs. As an employee of Genworth, we promise you the opportunity to make a meaningful difference in the lives of our customers, our communities, and one another. We believe in camaraderie, rewarding work, community involvement and a focus on your well-being.
The Model Risk Team manages model risk for the USLI segment, Investment function and Corporate functions. The senior model risk manager will work as part of this team to build a comprehensive assessment of model risk across various processes that rely on models. He/she will have oversight to partner with 1st, 2nd and 3rd line resources to develop insights into the processes, and to identify risks and controls.
Manage the assessment of model risk:
Initiate and drive a plan to build a repeatable process for the comprehensive documentation of model risk across the USLI segment, Investment function and Corporate functions
Cultivate relationships and channels of communication across the businesses and functions to maintain visibility and accessibility to activities and issues affecting the modeling community
Build, drive and maintain a comprehensive assessment of model risk – including processes, models, assumptions, calculations and other activities – with updates at least annually
Work with Risk and business partners to analyze model risk exposures and propose recommendations on controls and prioritization
Lead and coordinate model and assumption governance forums: communication, documentation, charters, attendance, agendas, materials, issues resolution, compliance, management report outs, interaction with Senior Leadership
Oversight of the collection, tracking and reporting of governance and model risk issues through remediation
Responsible for tracking progress, timelines and delivery/ expectations for model risk projects and goals
10+yrs experience in Actuarial, Finance, Risk or IT functions
Strong project management and analytical skills
Strong communication skills (verbal and written)
Demonstrated ability to manage and advance multiple initiatives
Successful experience challenging and influencing the business and senior leaders in a highly collaborative way
Ability to work independently with minimal supervision
Governance and Controls background
Enterprise Risk Management experience
Master’s degree or equivalent
Genworth is a Fortune 500 financial services company providing financial security and protection through our Mortgage Insurance and Long Term Care businesses. Our purpose is to help families achieve the dream of homeownership and address the financial challenges of aging. At Genworth, our promise to our employees is the opportunity to make a meaningful difference in the lives of our customers, our communities, and one another.