Enterprise Risk Modeling Director

3 days ago


Newport Beach, California, United States Pacific Life Full time

About Pacific Life:

We are a forward-thinking insurance company investing in talented professionals to drive innovation and deliver exceptional customer experiences. Our Model Risk Management team is seeking a seasoned Director to join our Newport Beach, CA office.

Job Summary:

This critical role will involve collaborating across the Enterprise to lead comprehensive reviews of Investment models that support crucial business decisions in our Investment and Risk functions. You will ensure these models are fit for purpose, compliant with standards, and aligned with our risk appetite. Working closely with business teams, model developers, and senior leaders, you will assess assumptions, identify risks, and provide actionable recommendations to enhance model performance and reliability.

Main Responsibilities:

  • Validate a broad range of investment models, including Structured products (ABS, MBS, CLO, other structured debt), private assets and debt, residential and commercial real estate, derivatives, equities, and standard fixed income.
  • Evaluate Credit models translating specific and macroeconomic risk factors into corporate credit and real estate performance.
  • Confirm models are free of material errors, fit for their intended purpose, and appropriately applied in domains like underwriting, surveillance, and risk management (e.g., credit, market, liquidity).
  • Challenge and elevate practices by critically assessing assumptions, methodologies, and judgements used by the business, and bring transparency to potential risks.
  • Collaborate with stakeholders and provide guidance on effective modeling techniques and robust governance practices, enhancing their model risk position.
  • Report to senior leadership and risk committees on the health of the models, governance, key findings, and recommendations.
  • Contribute to the evolution of the MRM Framework and stay current on emerging practice, modeling techniques, investment strategies, and evolving asset classes.

Your Background:

  • 10+ years of experience primarily in a highly quantitative or technical role.
  • Demonstrated success in building or validating sophisticated financial models within banking, insurance, private equity, or similar settings, with an emphasis on Credit risk modeling. Experience in Structured products is a plus.
  • Ability to engage, influence, and challenge stakeholders across multiple levels, including senior leaders and technical teams. Exposure to second-line risk oversight roles is a plus.
  • Strong understanding of model governance principles and the model life cycle.
  • Proficient in industry-standard tools such as FactSet, Bloomberg, CoStar, Intex, or Moody's, and programming languages such as Python, C#, MATLAB, or similar.
  • Advanced degree in Mathematics, Financial Engineering, Physics, or a related quantitative field.
  • Professional certifications such as CAIA, CFA, FRM, or PRM are a plus.

Benefits Package:

  • Prioritization of your health and wellbeing through Medical, Dental, Vision, and Wellbeing Reimbursement Account benefits.
  • Generous paid time off options, including Paid Time Off, Holiday Schedules, and Financial Planning Time Off.
  • Paid Parental Leave and an Adoption Assistance Program.
  • Competitive 401k savings plan with company match and additional contribution regardless of participation.

Base Pay Range: $193,950 - $237,050. Your wellbeing is important to us at Pacific Life.



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