Data Scientist I (Quants) – Insurance Model Validation
Role Overview
The Model Validation group independently validates and approves analytical models used by TD.
This role reports to the Senior Manager, Insurance Model Validation and focuses on TDI insurance models.
Key Skills for This Role
Full Job Posting
Role overview
The Model Validation group independently validates and approves analytical models used by TD.
This role reports to the Senior Manager, Insurance Model Validation and focuses on TDI insurance models.
Accountabilities
- Independently validate TDI insurance models and conduct testing and analysis of FCRM models under manager or senior manager supervision.
- Communicate with first-line stakeholders to discuss and resolve model limitations and issues identified during validation.
- Produce validation reports with adequate evidence and justification for conclusions and audit or regulatory review.
- Develop testing tools and programs to assess advanced AI/ML models and keep current with actuarial and insurance AI/ML methods.
- Work with Big Data developers and analytical experts; execute validation plans in line with enterprise procedures and model risk policy.
- Share expertise, collaborate across functions, complete validations on time, and escalate identified issues.
Education and experience
- Post-secondary degree in actuarial science, statistics, AI/ML, or financial engineering.
- Fellow or associate of the Society of Actuaries (FSA), Casualty Actuarial Society (ACAS), or Canadian Institute of Actuaries (ACIA).
- In-depth AI/ML modeling knowledge and proficiency in relevant programming languages and software.
- One or more years at a top 10 Canadian P&C insurer developing or validating a pricing and rating solution with AI/ML exposure is an asset.
- Experience across multiple life and general insurance product lines or with IFRS 17 liability/reserve, stress testing, ORSA, or CAT models is an asset.
- Excellent verbal and written communication, time and project management, multitasking, and ability to work with minimal supervision.
Pay information
- The stated pay range is CAD $81,600–$115,200; no compensation cadence is specified.
Hours
The posting lists hours as 0.
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