Description

• Lead Chubb's model governance processes, including:
• Administration of the Model Risk Committee.
• Updates to the Model Risk Policy.
• Maintaining of model inventories, from model discovery, registration, risk tiering, to periodic attestation.
• Development and application of Key Risk Indicators for early detection and monitoring of model risk.
• Review of model risk and control allocation and evaluation of control design in accordance with risk-based governance requirements.
• Ad-hoc reviews of control execution, identifying potential issues or deviations, documenting findings, and tracking resolution.
• Advancing the risk and control assessment process around models and tools.
• Reporting model risk to senior management committees and the Board.
• Managing model risk management platform.
• Designing and implementing processes for model validation, monitoring, and performance assessment, including stress testing and backtesting.
• Reporting model validation results to relevant governance bodies.
• Staying current on Chubb's business risk profiles including non-life and life risks, industry best practices and emerging trends in modelling.
• Understanding of regulatory compliance requirements for models within the insurance industry across different jurisdictions including the US, Europe, UK, Swiss, and APAC markets.
• Lead a team of India-based technical experts in validating Chubb's capital models, including
• Review and approve models and tools for deployment based on established governance requirements.
• Develop training programs and materials to educate Chubb employees on model governance principles and practices.
• Serve as a subject matter expert on model governance, providing guidance and support across the organization.
• Build strong relationships and trust with stakeholders across all model owner, developer and user communities within Chubb.
• Participate in ad-hoc projects to support department objectives.
• Occasional international travel is required.