AI Model Risk

Description and Requirements
Role Value Proposition:
Global Risk Management (GRM) oversees MetLife's financial and non-financial risks to support responsible growth and ensure we deliver on our promises to customers and stakeholders. GRM accomplishes this through proactive advice, independent and effective challenge, and through implementation and enforcement of guardrails. This position sits within Model Risk, GRM Data & Analytics whose primary role is to manage risk and uncertainties arising from the use of models.
This position will contribute to managing these risks mainly with respect to Artificial Intelligence and Machine Learning models. These models include those internally developed or purchased from vendors and are used across the Enterprise in functions ranging from pricing to business operations.
The candidate will have demonstrated strong quantitative skills allowing them to challenge and develop models, mainly those using Machine Learning or other advanced techniques utilized in AI. The successful candidate will be motivated to adopt new technologies and be able to work in a fast-paced and changing environment. The position will require collaboration with key global stakeholders across the Enterprise.
The candidate will gain a broad exposure to a wide range of modeling techniques, product lines, functions, and businesses across the globe.
Key Responsibilities:

• Challenge modeling decisions through independent assessment and working with model owners or developers to address concerns
• Review and assess model risks and controls as well as provide recommendation for remediating actions
• Meet with internal business teams, technology teams, and vendors, to support collection and assessment of documentation and control evidence
• Contribute to and coordinate with functional partners to ensure a holistic view of AI risks
• Assess the mathematical, statistical, and conceptual soundness of each model, effectively challenging model assumptions, inputs, methodologies, and outputs; develop benchmarking models as needed
• Quantitatively assess fairness for select AI models through independent analyses
• Document the results of performed review and testing, drawing attention to areas of concern and uncertainty, and provide specific remediations

Essential Business Experience and Technical Skills:
Required:

• Graduate degree in a quantitative field (e.g., mathematics, statistics, economics, physics, or computer science) or/and ASA (Associate of the Society of Actuaries)/FSA (Fellow of the Society of Actuaries).
• Experience in end-to-end statistical, ML or AI model development
• Solid programming skills for models and data using Python, R, and/or C#
• Demonstrated ability to work as part of a team and collaborate with members of other departments and lines of business
• 3+ years of experience

Preferred:

• Knowledge of Statistical, Machine Learning, and Deep Learning techniques, and benefits and drawbacks to each
• Experience with a variety of model development and deployment platforms
• Experience with insurance or broader financial services

The salary range for applicants for this position is $103,100 - $137,400.
Benefits We Offer
Our U.S. benefits address holistic well-being with programs for physical and mental health, financial wellness, and support for families. We offer a comprehensive health plan that includes medical/prescription drug and vision, dental insurance, and no-cost short- and long-term disability. We also provide company-paid life insurance and legal services, a retirement pension funded entirely by MetLife and 401(k) with employer matching, group discounts on voluntary insurance products including auto and home, pet, critical illness, hospital indemnity, and accident insurance, as well as Employee Assistance Program (EAP) and digital mental health programs, parental leave, volunteer time off, tuition assistance and much more!
About MetLife
Recognized on Fortune magazine's list of the 2024 "World's Most Admired Companies" as well as the 2024 Fortune 100 Best Companies to Work For ®, MetLife , through its subsidiaries and affiliates, is one of the world's leading financial services companies; providing insurance, annuities, employee benefits and asset management to individual and institutional customers. With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East.
Our purpose is simple - to help our colleagues, customers, communities, and the world at large create a more confident future. United by purpose and guided by empathy, we're inspired to transform the next century in financial services. At MetLife, it's #AllTogetherPossible . Join us!
Equal Employment Opportunity/Disability/Veterans
If you need an accommodation due to a disability, please email us at [email protected]. This information will be held in confidence and used only to determine an appropriate accommodation for the application process.
MetLife maintains a drug-free workplace.
$103,100 - $137,400
#BI-Hybrid