Senior Analyst, Model Validation & Analytics

Senior Analyst, Model Validation & Analytics

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Locations : Toronto, Ontario; Waterloo, Ontario

Time Type : Full time

Posted On : Posted 3 Days Ago

Job Requisition ID : JR00101702

You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self.

You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights.

Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do.

Discover how you can make a difference in the lives of individuals, families and communities around the world.

Job Description :

Sun Life (SL) is looking for a senior analyst to join Model Validation & Analytics. Model Validation & Analytics is a team of professional actuaries, financial engineers and data scientists responsible for the assessment and approval of various complex mathematical, statistical and actuarial models, promoting the transparency and understanding of models and model risks used across the enterprise, ensuring the company is not subject to unjustified and unidentified risks due to the use of models.

This role will be responsible for conducting independent validation of a variety of models used in SLF, which involves identifying key risks associated with a model, planning a risk-based validation approach and scope, designing, implementing and conducting validation tests, drafting a Model Validation report, communicating the model issues to the model owners and other stakeholders.

The position reports to the Director, Model Validation & Analytics. The candidate must be technically strong, a quick learner, and be able to apply financial knowledge and modeling skills effectively and creatively.

Strong time management and communication skills are essential due to tight regulatory and internal business requirements.

What will you do?

• Conduct independent validations of existing and new models used by SL in compliance with the Model Risk Policy, standards, and guidelines.
• Identify potential risks embedded in the model design and usage, develop alternative or benchmark models as necessary for independent assessment of the model and its risk, provide constructive challenges and recommendations to mitigate the model risk in SL.
• Communicate the model validation results to senior stakeholders and model owners, prepare a Model Validation report that details the validation scope, testing approach, test results, findings, and conclusions.
• Manage stakeholder relationships to ensure Model Validation findings and recommendations are appropriately informed by business purpose and context;

provide advice and guidance to model owners in terms of model validation processes and requirements.

• Support the Director for the optimal operation of the team, including identifying and implementing improvements to work, processes, and systems to ensure operational effectiveness and compliance with corporate policy and governance requirements.
• Provide advisory support to large-scale projects such as Economics Scenario Generators (ESG) modeling, economic capital modeling as required and other work streams as appropriate and requested to ensure that the company’s models are in line with industry best practice.
• Support a robust model governance on managing, mitigating, and controlling model risk.

What will you need to succeed?

• Strong knowledge in a quantitative discipline with minimum 3 years’ relevant work experience.
• A master's degree or higher in a quantitative field such as mathematics, statistics, mathematical finance.
• Demonstrated expertise with risk measures (value at risk, capital at risk, earning at risk), calibration and simulation of financial variables (stochastic modeling, Monte Carlo simulation), basic derivative valuation theory and statistical analysis.
• Advanced knowledge on programming in VBA, Python, MATLAB, R or C / C++.
• Ability to work under tight deadlines and with multiple priorities.
• Critical thinking and ability to provide effective challenge.
• Ability to work independently and in cross-functional team settings.
• Strong analytical and problem-solving skills.
• Excellent communication skills (verbal and written) with ability to explain clearly and concisely complex actuarial and financial concepts.

What would be nice to have?

• Prior modeling or validation experience is an asset.
• Combined financial and insurance risk experience is a definite asset.

What’s in it for you?

• We’re proud to be a Best Workplace for Hybrid Work by Great Place to Work Canada.
• Recognized in 2023 with the Most Trusted Executive team by Great Place to Work Canada.
• Be part of our continuous improvement journey in developing the next greatest digital enterprise experience that is united by our Purpose : to help Clients and Employees achieve lifetime financial security and live healthier lives.
• Flexible Benefits from the day you join to meet the needs of you and your family.
• Pension, stock and savings programs to help build and enhance your future financial security.

The Base Pay range is for the primary location for which the job is posted. It may vary depending on the work location of the successful candidate or other factors.

In addition to Base Pay, eligible Sun Life employees participate in various incentive plans, payment under which is discretionary and subject to individual and company performance.

Certain sales focused roles have sales incentive plans based on individual or group sales results.

Diversity and inclusion have always been at the core of our values at Sun Life. A diverse workforce with wide perspectives and creative ideas benefits our clients, the communities where we operate and all of us as colleagues.

We welcome applications from qualified individuals from all backgrounds.

Persons with disabilities who need accommodation in the application process or those needing job postings in an alternative format may e-mail a request to [email protected].

At Sun Life we strive to create a flexible work environment where our employees are empowered to do their best work. Several flexible work options are available and can be discussed throughout the selection process depending on the role requirements and individual needs.

We thank all applicants for showing an interest in this position. Only those selected for an interview will be contacted.

Salary Range : 82,000 - 135,000

Job Category : Advanced Analytics

Posting End Date : 12 / 09 / 2024

Shine together

At Sun Life, you can be your most brilliant self. Our supportive, flexible, and inclusive work environment is one where you and your career can thrive.

Whatever your aspirations, collaborative leaders and colleagues are ready to help you learn, grow, and succeed.

We’re a global company with a passion for people. Our purpose is to help Clients achieve lifetime financial security and live healthier lives.

As a team of 30,000 across 26 countries, our impact is far-reaching, and locally relevant. There’s power in numbers. As part of Sun Life’s growing team, you have an impact on people in your community and around the world.

Shape the future

With an optimistic eye on a brighter future, we drive to innovate. Be part of leading change, push boundaries and try new ways of working.

Use data to drive bold actions. Be agile and pivot as we test and learn. At Sun Life, we’re driving transformation, sustainability and innovation for our Clients, employees, partners, and communities.

Join us. Together, we can make the future brighter.

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