Risk Management Lead - Humana
Troy, MI
About the Job
Become a part of our caring community and help us put health first
The Risk Management Lead identifies and analyzes potential sources of loss to minimize risk. The Risk Management Lead works on problems of diverse scope and complexity ranging from moderate to substantial.
The Model Risk Management team works with analysts and leaders in Finance, Actuarial, Data Science, and other modeling disciplines to ensure enterprise standards are met for the creation, management, operation, and deprecation of models. The successful candidate will be familiar with multiple modeling disciplines and is responsible for overseeing various aspects of model risk including maintaining model standards, peer reviews, partnering with Augmented Intelligence governance, training, and maintaining critical risk management frameworks.
We are seeking a detail-oriented and analytical Financial and Model Risk Management Lead to join our Risk Management team. The Model Risk Management team works with analysts and leaders in Finance, Actuarial, Data Science, and other modeling disciplines to ensure enterprise standards are met for the creation, management, operation, and deprecation of models. The successful candidate will be familiar with multiple modeling disciplines and is responsible for overseeing various aspects of model risk including maintaining model standards, peer reviews, partnering with Augmented Intelligence governance, training, and maintaining critical risk management frameworks. The Financial Risk Management team maintains Humana's Own Risk Solvency Assessment (ORSA), which is an annual review of Humana's enterprise risk function and its capital adequacy to meet policyholder commitments. In support of the ORSA, the team partners with Finance, Actuary, and business teams to conduct a stress testing exercise to test capital adequacy. The successful candidate will understand the Medicare financial drivers and effects on the long-term plan, in addition to understanding capital structure and financial metrics.
Responsibilities:
* Annual Review of Model Risk Standard: Conduct comprehensive annual reviews to ensure the processes laid out in the standard are responsive to Humana's modeling goals and environment, including financial modernization efforts and the evolving AI landscape
* Key Risk Indicator management: Define and collect key performance indicators to ensure that the Model Risk program is functioning, as expected
* AI Review: Partner with the AI Governance team (and other cross functional teams) to support AI activities, including enhancing documentation and inventory capture, data scientist onboarding, and model usage guidelines
* Training and Oversight: Design and lead training sessions, ensuring modelling teams are up to date with the latest requirements and standards, and oversee semi-annual updates to the model inventory, in which Model Owners certify active models and Modeling Leaders attest to the completeness of their model inventories
* Model Peer Reviews: Conduct peer reviews of models to ensure accuracy and compliance with internal standards
* ESP Updates: Maintain the Model Risk module in Enterprise Solution Point (Archer based Governance, Risk, and Compliance platform) to enable capture of model inventory, risk rankings, and documentation
* Partner with AI Governance and Third Party Risk Management (Enterprise Risk Management) to perform due diligence on vendor AI solutions
* Help conduct the Actuarial, Model, and Capital Markets Top Risk Assessments: Regularly update the technical risk assessments in partnership with relevant teams as part of identifying the company's top risks and quality of the control environment
Financial Risk/ORSA Activities:
* ORSA Reporting: Prepare Humana's Own Risk Solvency Assessment (ORSA) reports as required by regulatory bodies, in partnership with enterprise teams
* Annual Stress Testing: Conduct stress testing annually to evaluate the potential impact of adverse conditions on our capital reserves
Risk Limit Monitoring: Partner with Treasury and Investments to monitor and report on risk limits to ensure compliance with set thresholds
Use your skills to make an impact
Required Qualifications
+ Bachelor's degree in finance, Economics, Statistics, or related field
+ Experience in risk management, particularly in Model and Financial risk
+ Strong analytical skills and familiarity with different modeling techniques, including Actuarial, Financial and Machine Learning
+ Excellent communication and relationship management skills
+ Knowledge of frameworks related to risk management
Additional Information
Ideally candidates will reside within a 50-mile commutable distance to Louisville, KY to be in the office a few days per week. This position has a hybrid office/home schedule. If candidates do not reside within a commutable distance, the position will be remote and candidates from other geographic areas will be considered. Typical work schedule is 8-5pm EST/CT. Candidates will need to be available to work during EST/CT time zones.
Scheduled Weekly Hours
40
Pay Range
The compensation range below reflects a good faith estimate of starting base pay for full time (40 hours per week) employment at the time of posting. The pay range may be higher or lower based on geographic location and individual pay will vary based on demonstrated job related skills, knowledge, experience, education, certifications, etc.$102,200 - $140,700 per yearThis job is eligible for a bonus incentive plan. This incentive opportunity is based upon company and/or individual performance.
Description of Benefits
Humana, Inc. and its affiliated subsidiaries (collectively, 'Humana') offers competitive benefits that support whole-person well-being. Associate benefits are designed to encourage personal wellness and smart healthcare decisions for you and your family while also knowing your life extends outside of work. Among our benefits, Humana provides medical, dental and vision benefits, 401(k) retirement savings plan, time off (including paid time off, company and personal holidays, volunteer time off, paid parental and caregiver leave), short-term and long-term disability, life insurance and many other opportunities.
About Us
Humana Inc. (NYSE: HUM) is committed to putting health first - for our teammates, our customers and our company. Through our Humana insurance services and CenterWell healthcare services, we make it easier for the millions of people we serve to achieve their best health - delivering the care and service they need, when they need it. These efforts are leading to a better quality of life for people with Medicare, Medicaid, families, individuals, military service personnel, and communities at large.
Equal Opportunity Employer
It is the policy of Humana not to discriminate against any employee or applicant for employment because of race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, genetic information, disability or because he or she is a protected veteran. It is also the policy of Humana to take affirmative action to employ and to advance in employment, all persons regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, genetic information, disability or protected veteran status, and to base all employment decisions only on valid job requirements. This policy shall apply to all employment actions, including but not limited to recruitment, hiring, upgrading, promotion, transfer, demotion, layoff, recall, termination, rates of pay or other forms of compensation and selection for training, including apprenticeship, at all levels of employment.
Humana complies with all applicable federal civil rights laws and does not discriminate on the basis of race, color, national origin, age, disability, sex, sexual orientation, gender identity or religion. We also provide free language interpreter services. See our https://www.humana.com/legal/accessibility-resources?source=Humana_Website.
The Risk Management Lead identifies and analyzes potential sources of loss to minimize risk. The Risk Management Lead works on problems of diverse scope and complexity ranging from moderate to substantial.
The Model Risk Management team works with analysts and leaders in Finance, Actuarial, Data Science, and other modeling disciplines to ensure enterprise standards are met for the creation, management, operation, and deprecation of models. The successful candidate will be familiar with multiple modeling disciplines and is responsible for overseeing various aspects of model risk including maintaining model standards, peer reviews, partnering with Augmented Intelligence governance, training, and maintaining critical risk management frameworks.
We are seeking a detail-oriented and analytical Financial and Model Risk Management Lead to join our Risk Management team. The Model Risk Management team works with analysts and leaders in Finance, Actuarial, Data Science, and other modeling disciplines to ensure enterprise standards are met for the creation, management, operation, and deprecation of models. The successful candidate will be familiar with multiple modeling disciplines and is responsible for overseeing various aspects of model risk including maintaining model standards, peer reviews, partnering with Augmented Intelligence governance, training, and maintaining critical risk management frameworks. The Financial Risk Management team maintains Humana's Own Risk Solvency Assessment (ORSA), which is an annual review of Humana's enterprise risk function and its capital adequacy to meet policyholder commitments. In support of the ORSA, the team partners with Finance, Actuary, and business teams to conduct a stress testing exercise to test capital adequacy. The successful candidate will understand the Medicare financial drivers and effects on the long-term plan, in addition to understanding capital structure and financial metrics.
Responsibilities:
* Annual Review of Model Risk Standard: Conduct comprehensive annual reviews to ensure the processes laid out in the standard are responsive to Humana's modeling goals and environment, including financial modernization efforts and the evolving AI landscape
* Key Risk Indicator management: Define and collect key performance indicators to ensure that the Model Risk program is functioning, as expected
* AI Review: Partner with the AI Governance team (and other cross functional teams) to support AI activities, including enhancing documentation and inventory capture, data scientist onboarding, and model usage guidelines
* Training and Oversight: Design and lead training sessions, ensuring modelling teams are up to date with the latest requirements and standards, and oversee semi-annual updates to the model inventory, in which Model Owners certify active models and Modeling Leaders attest to the completeness of their model inventories
* Model Peer Reviews: Conduct peer reviews of models to ensure accuracy and compliance with internal standards
* ESP Updates: Maintain the Model Risk module in Enterprise Solution Point (Archer based Governance, Risk, and Compliance platform) to enable capture of model inventory, risk rankings, and documentation
* Partner with AI Governance and Third Party Risk Management (Enterprise Risk Management) to perform due diligence on vendor AI solutions
* Help conduct the Actuarial, Model, and Capital Markets Top Risk Assessments: Regularly update the technical risk assessments in partnership with relevant teams as part of identifying the company's top risks and quality of the control environment
Financial Risk/ORSA Activities:
* ORSA Reporting: Prepare Humana's Own Risk Solvency Assessment (ORSA) reports as required by regulatory bodies, in partnership with enterprise teams
* Annual Stress Testing: Conduct stress testing annually to evaluate the potential impact of adverse conditions on our capital reserves
Risk Limit Monitoring: Partner with Treasury and Investments to monitor and report on risk limits to ensure compliance with set thresholds
Use your skills to make an impact
Required Qualifications
+ Bachelor's degree in finance, Economics, Statistics, or related field
+ Experience in risk management, particularly in Model and Financial risk
+ Strong analytical skills and familiarity with different modeling techniques, including Actuarial, Financial and Machine Learning
+ Excellent communication and relationship management skills
+ Knowledge of frameworks related to risk management
Additional Information
Ideally candidates will reside within a 50-mile commutable distance to Louisville, KY to be in the office a few days per week. This position has a hybrid office/home schedule. If candidates do not reside within a commutable distance, the position will be remote and candidates from other geographic areas will be considered. Typical work schedule is 8-5pm EST/CT. Candidates will need to be available to work during EST/CT time zones.
Scheduled Weekly Hours
40
Pay Range
The compensation range below reflects a good faith estimate of starting base pay for full time (40 hours per week) employment at the time of posting. The pay range may be higher or lower based on geographic location and individual pay will vary based on demonstrated job related skills, knowledge, experience, education, certifications, etc.$102,200 - $140,700 per yearThis job is eligible for a bonus incentive plan. This incentive opportunity is based upon company and/or individual performance.
Description of Benefits
Humana, Inc. and its affiliated subsidiaries (collectively, 'Humana') offers competitive benefits that support whole-person well-being. Associate benefits are designed to encourage personal wellness and smart healthcare decisions for you and your family while also knowing your life extends outside of work. Among our benefits, Humana provides medical, dental and vision benefits, 401(k) retirement savings plan, time off (including paid time off, company and personal holidays, volunteer time off, paid parental and caregiver leave), short-term and long-term disability, life insurance and many other opportunities.
About Us
Humana Inc. (NYSE: HUM) is committed to putting health first - for our teammates, our customers and our company. Through our Humana insurance services and CenterWell healthcare services, we make it easier for the millions of people we serve to achieve their best health - delivering the care and service they need, when they need it. These efforts are leading to a better quality of life for people with Medicare, Medicaid, families, individuals, military service personnel, and communities at large.
Equal Opportunity Employer
It is the policy of Humana not to discriminate against any employee or applicant for employment because of race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, genetic information, disability or because he or she is a protected veteran. It is also the policy of Humana to take affirmative action to employ and to advance in employment, all persons regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, genetic information, disability or protected veteran status, and to base all employment decisions only on valid job requirements. This policy shall apply to all employment actions, including but not limited to recruitment, hiring, upgrading, promotion, transfer, demotion, layoff, recall, termination, rates of pay or other forms of compensation and selection for training, including apprenticeship, at all levels of employment.
Humana complies with all applicable federal civil rights laws and does not discriminate on the basis of race, color, national origin, age, disability, sex, sexual orientation, gender identity or religion. We also provide free language interpreter services. See our https://www.humana.com/legal/accessibility-resources?source=Humana_Website.
Source : Humana