Senior Director - AI & Model Risk Management

Model Risk Management program, reporting to the Vice President - Enterprise Risk Management and collaborating closely with first, second, and third line partners (including data science, technology, privacy, law, actuarial, compliance, and internal audit) across the enterprise.

What you will do:

• Lead the Company's ongoing evolution and maturation of its model risk management framework into an AI & model risk management framework and program, anticipating new business, technical, and regulatory developments related to artificial intelligence and more traditional modeling capabilities, proposing practical methods appropriate to the nature, scale, and complexity of the risk.

• Lead enterprise second line capability on AI and model risk oversight, including: leading or co-leading cross-functional teams for AI and model risk management; accountability for enterprise model inventory, risk assessment, and risk reporting; coordinating with risk and business partners, including first-line partners in Data Science & Analytics and other parts of the organization to facilitate effective first line risk management practices and integration with enterprise-level model governance; driving compliance with relevant regulatory requirements.

• Drive improvements to the Company's model governance policy and practices, including cross-functional work to establish standards and controls to support effective AI and model risk management, AI & model risk assessment, sensitive factor assessment and bias testing, validations, documentation, etc.

• Guide ERM model governance staff to achieve AI & model risk management program objectives.

• Recommend appropriate governance structures for AI and model risk management.

• Oversee systems and tools supporting AI & model risk management program.

• Understand and engage with enterprise partners on developing regulatory expectations and industry-standard processes related to AI and model governance and risk management.

• Support other Enterprise Risk Management & Resiliency initiatives as needed.

Bring your best! What this role needs:

• Minimum of 10 years' progressive relevant professional experience in data science, actuarial science, risk management, law, finance, accounting, statistics, or a related field.

• At least 5 years of leadership experience with exposure to senior management.

• Demonstrated expertise in AI and model risk management, including a working knowledge of AI and data analytic modeling techniques and relevant risk management frameworks (e.g., Fed SR 11-7, NIST AI Risk Management Framework).

• Deep understanding of the financial services industry and the Company's operating environment, with a preference for familiarity with Northwestern Mutual's business, organizational structure, and culture.

• Excellent analytical and quantitative skills.

• Strong communication and presentation skills, including the ability to effectively influence and connect with key partners. Experience in data visualization is a plus.

• Demonstrated ability to lead cross-functional projects.

Benefits:

Great pay package, 401K, Company sponsored retirement plan, Educational assistance, Performance-based incentive pay, Medical, dental and vision insurance, Parental leave, Caregiver time off....and more

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Compensation Range:

Pay Range - Start:

$118,510.00

Pay Range - End:

$220,090.00

Northwestern Mutual pays on a geographic-specific salary structure and placement in the salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity as well as the cost of labor in the market; and other conditions of employment. At Northwestern Mutual, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. Please note that the salary range listed in the posting is the standard pay structure. Positions in certain locations (such as California) may provide an increase on the standard pay structure based on the location. Please click here for additional information relating to location-based pay structures.

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We are an equal opportunity/affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender identity or expression, sexual orientation, national origin, disability, age or status as a protected veteran, or any other characteristic protected by law.

If you work or would be working in California, Colorado, New York City, Washington or outside of a Corporate location, please click here for information pertaining to compensation and benefits.