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Director, Model Risk
2 weeks ago
Job Description
Providing for loved ones, planning rewarding retirements, saving enough for whatever lies ahead – our policyholders count on us to be there when it matters most. It's a big ask, but it's one that we have the power to deliver when we work together. We collaborate and innovate – pushing one another to transform not just Pacific Life, but the entire industry for the better. Why? Because it's the right thing to do. Pacific Life is more than a job, it's a career with purpose. It's a career where you have the support, balance, and resources to make a positive impact on the future – including your own.
We are actively seeking a talented Actuary & Director to join our Model Risk Management team in Newport Beach, CA; Omaha, NE; or Toronto. This role is onsite. Relocation assistance will be provided.
As an Actuary & Director, you will drive model risk oversight across Financial and Risk models, as well as support oversight for Life and Annuity models across Financial Reporting, Product Development, and Forecasting. In this dynamic role, you'll partner with business teams, model developers, and senior leaders to ensure models are fit for purpose, assess assumptions, identify risks, and provide actionable recommendations that strengthen model performance and reliability.
How You Will Make An Impact
Validation and Oversight
Lead comprehensive validations across Financial (hedging, assets, scenario generators), Life, and Annuity models.
- Raise the bar on methodologies and assumptions by challenging practices, identifying areas of potential risk and driving for meaningful improvements.
Present clear actionable findings to model owners, senior leaders, and risk committees.
Collaboration and Thought Leadership
Collaborate with cross-domain subject experts to understand and impact the business more holistically and contribute to the evolution of the MRM Framework.
- Guide business teams on efficient modeling techniques and robust governance practices.
- Monitor industry trends, emerging practices, and modeling solutions to inform recommendations.
The Experience You Will Bring
- 8+ years of experience with an FSA designation. Professional certifications such as CFA, FRM, CAIA, or PRM are a plus.
- Expertise in financial and risk modeling, in areas of hedging, capital, derivatives, structured and traditional assets, or scenario generators.
- Experience in Life and Annuity products, in areas of financial reporting, forecasting, or pricing.
- Experience building validation / replication / challenger tools.
- Ability to influence and challenge both senior leaders and technical teams effectively.
- Bachelor's degree in actuarial science, financial mathematics or a related quantitative field.
- Experience with Prophet, C#, Python, SQL or related programming languages are a plus.
You Can Be Who You Are.
People come first here. We're committed to an inclusive workforce. Learn more about how we create a welcoming work environment at What's life like at Pacific Life? Visit
Base Pay Range
The base pay range noted represents the company's good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay.
$198, $242,990.00
Your Benefits Start Day 1
Your wellbeing is important to Pacific Life, and we're committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we've got you covered.
- Prioritization of your health and well-being including Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents
- Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off
- Paid Parental Leave as well as an Adoption Assistance Program
- Competitive 401k savings plan with company match and an additional contribution regardless of participation
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.
