At Genworth, we empower families to navigate the aging journey with confidence. We are compassionate, experienced allies for those navigating care with guidance, products, and services that meet families where they are. Further, we are the spouses, children, siblings, friends, and neighbors of those that need care-and we bring those experiences with us to work in serving our millions of policyholders each day.
We apply that same compassion and empathy as we work with each other and our local communities. Genworth values all perspectives, characteristics, and experiences so that employees can bring their full, authentic selves to work to help each other and our company succeed. We celebrate our diversity and understand that being intentional about inclusion is the only way to create a sense of belonging for all associates. We also invest in the vitality of our local communities through grants from the Genworth Foundation, event sponsorships, and employee volunteerism.
Our four values guide our strategy, our decisions, and our interactions:

• Make it human. We care about the people that make up our customers, colleagues, and communities.
• Make it about others. We do what's best for our customers and collaborate to drive progress.
• Make it happen. We work with intention toward a common purpose and forge ways forward together.
• Make it better. We create fulfilling purpose-driven careers by learning from the world and each other.

POSITION TITLE
Associate Financial Risk Analyst
POSITION LOCATION
Richmond, VA (hybrid)
Lynchburg, VA (hybrid)
Remote US (Eastern and Central Time Zones)
This position is available to Virginia residents as Richmond or Lynchburg, Virginia in-office applicants or remote applicants residing in states/locations under Eastern or Central Standard Time: Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, New Hampshire, New Jersey, New York, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Virginia, Washington DC, Vermont, West Virginia or Wisconsin.
YOUR ROLE
The Model Risk Team manages model risk for the US Life Insurance division, Investment function, CareScout and Corporate segment. As an Associate Financial Risk Analyst, you will work as part of this team with a focus on model governance and support the model inventory process, issue tracking and management reporting. You will also support the implementation and management of a new GRC tool to manage model governance. Participate in and potentially lead model validations for non-actuarial models or input / output validation for actuarial models. Support a comprehensive assessment of model risk across models and processes that rely on models. You will partner with 1st, 2nd and 3rd line resources to collaborate on work, develop insights, assess model risk and recommend actions to mitigate risk.
What you will be doing

• Support the model governance process over the model inventory, issue tracking and management reporting
• Support the expanded model inventory identification process
• Support the implementation and management of a GRC tool to capture model inventory, issue tracking and management reporting
• Support the Annual Model Risk Management Framework update
• Participate and potentially lead in end-to-end model validations including input data, model output, transfers/ handoffs between models and business processes
• Participate and potentially lead model validations for non-actuarial models
• Cultivate relationships and channels of communication across the 1st, 2nd and 3rd line teams to build risk culture, promote model risk management, share in best practices and provide independent perspective on initiatives and issues related to modeling
• Contribute to development of the model risk management program through independent learning, on job experience and collaboration with the team, model owners and other lines
• May be involved with artificial intelligence governance, analysis or risk reviews

What you bring

• Bachelor's degree
• Strong project management and analytical skills
• Strong communication skills (verbal and written)
• Ability to manage workload and consistently achieve delivery timelines
• Ability to work independently with minimal supervision
• Ability to challenge and influence in a collaborative way

Nice to have

• Experience in a Risk, Finance, Audit or IT role - Finance strongly preferred
• Model Risk Management or Enterprise Risk Management experience
• Experience implementing or using a GRC Tool
• Governance and controls background
• Basic understanding of Structured Query Language (SQL)
• Familiarity with Actuarial processes and practices

Employee Benefits & Well-Being
Genworth employees make a difference in people's lives every day. We're committed to making a difference in our employees' lives.

• Competitive Compensation & Total Rewards Incentives
• Comprehensive Healthcare Coverage
• Multiple 401(k) Savings Plan Options
• Auto Enrollment in Employer-Directed Retirement Account Feature (100% employer-funded!)
• Generous Paid Time Off - Including 12 Paid Holidays, Volunteer Time Off and Paid Family Leave
• Disability, Life, and Long Term Care Insurance
• Tuition Reimbursement, Student Loan Repayment and Training & Certification Support
• Wellness support including gym membership reimbursement and Employee Assistance Program resources (work/life support, financial & legal management)
• Caregiver and Mental Health Support Services

ADDITIONAL

• At this time, Genworth will not sponsor a new applicant for employment authorization for this position.
• No agencies please.

For the State of New York:
The base salary pay range for this role starts at a minimum rate of $58,500 up to the maximum of $102,700. In addition to your base salary, you will also be eligible to participate in an incentive plan. The incentive plan is based on performance and the target earning opportunity is 7% of your base compensation. The final determination on base pay for this position will be based on multiple factors at the time of this job posting including but not limited to geographic location, experience, and qualifications to ensure pay equity within the organization.