Model Governance Lead (Global Analytics) at Chubb in Jersey City, New Jersey

Job Description:

JOB DESCRIPTION

Chubb is seeking a highly motivated and experienced Model Governance Lead to join our growing Global Analytics team. This critical role will play a pivotal role in establishing and leading the implementation of a comprehensive model governance framework across all analytics functions globally. As a recognized AI and modeling expert, you will ensure the responsible development, deployment, and monitoring of our models, mitigating risks, and maximizing their positive impact on Chubb's business.

Responsibilities:

• Develop and implement a global model governance framework for Chubb:
• Define and adapt industry best practices to Chubb's specific needs and regulatory requirements.
• Develop and document clear model governance standards, policies, and procedures aligned with Chubb's risk appetite and regulatory environment.
• Design and implement processes for robust model validation, monitoring, and performance assessment, including stress testing and backtesting.
• Establish a risk management framework for model development and use, considering factors like fairness, explainability, and bias mitigation.
• Define clear roles and responsibilities for stakeholders involved in the model lifecycle within Chubb's organizational structure.
• Lead the implementation of the model governance framework across all analytics functions:
• Develop training programs and materials to educate Chubb employees on model governance principles and practices.
• Collaborate with cross-functional teams to integrate model governance procedures into existing workflows across underwriting, product development, pricing, claims, and other relevant departments.
• Review and approve models for deployment based on established governance requirements.
• Manage and track the performance of deployed models, identifying and addressing any potential issues or deviations.
• Provide regular reports and updates on model performance and governance adherence to senior stakeholders.
• Champion a culture of responsible AI and model development within Chubb.
• Stay current on industry best practices and emerging trends in model governance:
• Actively participate in relevant internal governance forums and committes
• Research and evaluate new tools and technologies that can enhance model governance effectiveness for Chubb.
• Share insights and best practices across the organization and contribute to the development of industry standards and regulations.
• Serve as a subject matter expert on AI and modeling:
• Provide guidance and support to Chubb teams on technical aspects of model development, deployment, and explanation.
• Conduct training sessions and workshops on AI and modeling concepts for various audiences within Chubb.
• Participate in research and development activities related to AI and modeling to advance Chubb's capabilities.
• Collaborate effectively with cross-functional teams:
• Build strong relationships and trust with stakeholders across all levels and departments within Chubb.
• Communicate effectively with both technical and non-technical audiences, tailoring communication to their specific needs and understanding.
• Influence and secure buy-in for model governance initiatives and foster collaboration across diverse teams.
• Manage and resolve conflicts effectively, prioritizing Chubb's overall objectives and risk management framework.

QUALIFICATIONS

• Master's

  ABOUT US

  
  

  Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

  
  

  At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.