Job Description

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. Its a big ask, but its 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 its the right thing to do. Pacific Life is more than a job, its a career with purpose. Its 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 AVP to join our Enterprise Risk Management team in Newport Beach, CA. This role follows a hybrid schedule of four days in the office (on-site). If you are not currently located near one of our offices, you will be required to relocate. Comprehensive relocation benefits are available.

As an AVP, you will oversee model risk governance and validation across a wide spectrum of Financial and Risk models as Pacific Life seeks to strategically grow its capabilities in this domain, while also supporting the broader oversight of diverse Life and Annuity models. Leading a high-performing team, you will partner with business teams, model developers, and senior leaders to ensure models are fit for purpose, assess and challenge assumptions, identify risks, and deliver insights that strengthen model performance and reliability. You will play a leading role in shaping and continuously evolving the MRM Framework to meet emerging business needs and industry standards for financial modeling.

How you will make an impact:

• Governance and Validation

• Establish and direct plans for model risk validation and second-line governance across Financial and Risk models, aligning to company objectives and resources.

• Raise the bar on methodologies and assumptions by challenging practices, identifying areas of potential risk and driving for meaningful improvements.

• Manage the Model Risk Management Committee in presenting program outcomes and aggregate model risk to senior leaders across the enterprise.

• Responsible for second-line reviews of financial and risk assumptions assigned by the enterprise assumption committees.

• Manage and develop a team of investment and actuarial professionals.

• Collaboration and Thought Leadership

• Establish a new validation practice and roadmap for investment models, forge strong relationships across the investment division and drive adoption of the MRM Framework.

• Collaborate with cross-domain subject experts to impact the business more holistically and lead the evolution of the MRM Framework for financial modeling.

• Serve as a technical resource and recognized thought leader. Support business strategy and execution through consultative engagements.

• Research industry trends, emerging practices, and modeling solutions to inform recommendations.

The experience you will bring:

• 12+ years of experience with an FSA designation. Advanced credentials such as CFA, FRM, CAIA, or PRM are strongly preferred.

• Expertise in sophisticated financial and risk models, in areas of hedging, ALM, capital, derivatives, structured and traditional assets, asset allocation, or scenario generators.

• Experience designing and implementing investment or hedging strategies for insurance products.

• Familiarity with a broad range of life, annuity, and institutional insurance products, as well as investment assets (structured, private, real estate, derivatives, fixed income, equities).

• Excellent communication skills; courage and ability to influence and challenge both senior leaders and technical teams effectively.

• Experience in industry-standard tools and programming languages.

You can be who you are.

We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential. Whats life like at Pacific Life? Visit Instagram.com/lifeatpacificlife

Base Pay Range:

The base pay range noted represents the companys 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.

Your Benefits Start Day 1

Your wellbeing is important to Pacific Life, and were 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, weve 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.

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