Head of Model Risk Management
New York , New York
September 23, 2017

New York Life Insurance Company (“New York Life” or “the company”) is the largest mutual life insurance company in the United States*. Founded in 1845, New York Life is headquartered in New York City, maintains offices in all fifty states, and owns Seguros Monterrey New York Life in Mexico.


New York Life is one of the most financially strong and highly capitalized insurers in the business. The company reported 2015 operating earnings of $1.875 billion. Total assets under management at year end 2015, with affiliates, totaled $528 billion. New York Life holds the highest possible financial strength ratings currently awarded to any life insurer from all four of the major ratings agencies: A.M. Best, A++; Fitch AAA; Moody’s Aaa; Standard & Poor’s AA+. (Source: Individual Third Party Ratings Report as of 8/11/15).


Financial strength, integrity and humanity—the values upon which New York Life was founded—have guided the company’s decisions and actions for over 170 years.




  • Collaborate with and influence senior leaders to drive enterprise model risk management initiatives
  • Implement Model Risk Management (MRM) practices and ability to make enhancements on New York Life’s culture and various stakeholders expectations of Risk Management
  • Develop and maintain Model Validation and Model Risk Management policies for the Enterprise
  • Formalize standards for model risk governance based on the Three Lines of Defense frame
  • Implement Model Risk policies and procedures
  • Develop a model inventory protocol ; model inventory design and maintenance
  • Utilize a rationalized scale (e.g. Critical-High-Medium-Low) to conduct Model Risk Assessment with supporting document for the basis of prioritization
  • Execute sound practices with respect to model validation and document appropriately for review and approval
  • Plan, design, and execute risk management initiatives that support the business
  • Implement and standardize MRM reporting using communication and orientation with different stakeholders
  • Respond appropriately to regulatory guidance




  • Strong critical and creative thinking skills with ability to synthesize data
  • Experience in risk, finance, and regulatory is a plus
  • Have an understanding of common understanding of models and MRM
  • Strong project management skills
  • Ability to become a trusted partner and implement change
  • Ability to think strategically about Model Risk Governance and strategy
  • Exceptional interpersonal skills and ability to deliver high complex processes\
  • Bachelor’s degree or equivalent and 10 years of related experience working in a corporate risk  environment
  • Proven track record and demeanor to handle highly confidential and sensitive matters changing environment




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*Based on revenue as reported by “Fortune 500, Ranked within Industries, Insurance: Life, Health (Mutual),” Fortune Magazine, June 15, 2015.  See http://fortune.com/fortune500/2015/  for methodology.

1. Operating earnings is the key measure use by management to track Company’s profitability from ongoing operations and underlying profitability of the business. This indicator is based on generally accepted accounting principles in the US(GAAP), with certain adjustments Company believes to be appropriate as a measurement approach ( non GAAP), primarily the removal of gains or losses on investments and related adjustments.

2. Assets under management represent Consolidated Domestic and International insurance Company Statutory assets (cash and invested assets and separate account assets) and third party assets principally managed by New York Life Investment management Holdings LLC, a wholly owned subsidiary of New York Life Insurance Company.

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