Senior Market/Portfolio Risk Analyst at Pacific Life in Newport Beach, California

Job Description:

JOB DESCRIPTION:

SENIOR MARKET/PORTFOLIO RISK ANALYST

Pacific Life is looking to invest in bright, agile new talent to ensure we continue to innovate and strengthen relationships with our policyholders. It s in this spirit that we are currently looking to add a Senior Market/Portfolio Risk Analyst to our Corporate Division.

As a member of the Corporate Model Risk Management team, you will play a key role in Pacific Life s growth and long-term success. You will play an integral part in the execution of managing model risk, as described in the responsibilities below. You will have a broad view across the organization, by working closely with various teams from each of the divisions on all types of models, e.g., advanced analytics, machine learning, financial reporting, assumption-setting, pricing and product development, risk and capital management, strategic planning and forecasting. You will report to the Model Risk Director within ERM.

Here, we believe you should be given the time, space, and trust to do your best work your way. As part of our transition toward a more digitally oriented, inclusive and employee-focused company, we re opening this role to candidates near Newport Beach, CA and those looking to work 100% remote.

HOW YOU LL CONTRIBUTE

* Perform model review/validation for medium and high risk models by reviewing model input (data and assumptions), calculation engine, output and controls/governance

* Support the effort of MRM enhancement that addresses advanced analytics, including machine learning algorithms

* Partner with data science and infrastructure peers and operational managers throughout Pacific Life to improve modeling quality, and share advanced modeling techniques and learnings

* Communicate model review results to the model owner, divisional leadership, and appropriate governance committees

* Collaborate with various stakeholders including divisional MRM leads and members in Modeling, Valuation, Risk Management, Audit, and MRM Advisory Group

* Develop training materials, tools and templates based on the MRM Policy and Standards to assist the divisions in further embedding MRM framework

* Prepare periodic model risk status reports for the MRM Advisory Group, Enterprise MRM Committee, Enterprise Risk Committee, and PL Audit Committee

* Participate in other MRM related activities to support ERM s MRM mission, including participating in the modeling community, discussing MRM topics across divisions, and/or supporting model risk activities across the Company

FACTORS FOR SUCCESS

* 5 + years of experience in areas of data science, corporate finance, financial modeling, or risk and capital management

* Professional designation, such as ASA, FSA, or CFA

* MS in advanced analytics or quantitative discipline such as Statistics, Math or Engineering

* Strong understanding of financial concepts, Statutory, GAAP, or economic capital framework

* Demonstrated knowledge of modeling software (e.g., Prophet, GGY-AXIS, TYCHE, R, Python, Matlab, H20, Alteryx)

* Experience using analytical concepts and statistical techniques: hypothesis development, designing tests/experiments, analyzing data, drawing conclusions, and developing actionable recommendations for business units

* Effective verbal and written communication skills, including ability to communicate complex issues to non technical audience

* Ability to build trusted relationships while challenging and influencing in a constructive manner

At Pacific Life, the work we do matters. That s why you ll find those who work passionately each day to drive our company forward enjoy job security, flexible scheduling and great opportunities for career growth. If you re seeking a thriving career doing the type of meaningful work that s all too rare at a Fortune 300 Company, you re the perfect cultural fit for our team.

HOW WE HELP YOU SUCCEED:

We re fostering a culture of shared values across our company by providing generous compensation and comprehensive benefits that allow our employees to find fulfillment and security in personal life and career alike. These include:

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Competitive Salary and Benefits
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Work-Life Balance & Flexible Scheduling
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Medical, dental, and vision as part our commitment to investing in the health and wellbeing of our employees
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Two retirement savings plans: 401k savings plan with company match and Company Retirement Contribution (company-paid)
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Generous PTO and holiday pay
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Warm Colleagues & Inspiring Culture

EEO STATEMENT:

Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.

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