Ameriprise Financial is hiring a Quantitative Model Validator. This role reports to the Director of Quantitative Model Validation and involves leading or contributing to model validation efforts across in-house and vendor models.

Key Responsibilities:

• Support and lead model validations based on regulatory guidelines and internal policies and procedures

• Evaluate model assumptions, data quality, methodology, and performance

• Prepare validation reports with testing, benchmarking, and conclusions

• Report on model findings and assess remediations

• Conduct annual model reviews and document results

• Collaborate with business teams to understand model use and applications

• Review ongoing model monitoring and identify potential risks

• Communicate findings and recommendations to model stakeholders

• Treat others with respect, uphold organizational values, and take ownership of actions

Subject Matter Expertise:

• Financial and Market Risk, Investment, Hedging, Statistical/Econometrics and Stochastic Processes, Pricing, and Valuation models

• Good understanding of financial products, modeling processes and limitations

• Experience in model validation, testing, development and implementation

Leadership & Execution:

• Manage and execute validation activities for models across risk levels

• Support model use approvals and findings management

Required Qualifications:

• Has a proven track record with a minimum of four years of experience with Masters (or two years with PhD) in model risk management in banking or insurance.

• PhD or master’s degree in mathematics, Physics, Engineering, Statistics, Econometrics or a relevant quantitative field

• Strong background in modeling in the investment space

• Strategic and analytical problem-solving skills

• Ability to work independently and collaboratively

• Excellent communication skills, including presenting to senior management and regulators

• Experience leading organizational change and influencing stakeholders

• Strong collaboration, organization, and accountability

Preferred Qualifications:

• Proven leadership and mentoring experience

• Familiar with AI/ML or Insurance/Actuarial Modeling

• Proficiency in programming/database languages (Python, C++, VBA, SQL, R, SAS, AWS)

About Our Company
We’re a diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of 2024. With our team of more than 20,000 people in 20 countries, we advise, manage and protect assets and income of more than 3.5 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.

The estimated base salary for this role is $98,100 - $132,400/year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.Full timeExemptBusiness Support & OperationsFIN Finance