Role Overview for VP, Enterprise Risk Modeling with a Global Insurer – Hartford, CT
JRG Partners is proud to represent a premier global insurance and financial services leader in their search for a visionary and highly accomplished Vice President of Enterprise Risk Modeling. This pivotal leadership role, based in the insurance hub of Hartford, CT, offers a unique opportunity to shape the future of risk management within a complex, dynamic, and internationally recognized organization. The successful candidate will be at the forefront of developing and implementing sophisticated risk and capital models that are fundamental to the company’s strategic decision-making, capital adequacy, and long-term financial stability.
In an era of unprecedented market volatility, evolving regulatory landscapes, and emerging risks such as climate change and cybersecurity, the importance of a robust Enterprise Risk Management (ERM) framework cannot be overstated. This role is not merely technical; it is a strategic imperative. You will lead a high-performing team of quantitative experts, actuaries, and data scientists responsible for the entire lifecycle of the company’s internal economic capital model and other critical risk analytics tools. Your work will provide the C-suite and Board of Directors with the critical insights needed to navigate uncertainty, optimize risk-adjusted returns, and allocate capital effectively across diverse business lines. You will be a key advisor to senior leadership, translating complex quantitative analysis into actionable business intelligence that directly influences corporate strategy, product development, and reinsurance decisions. This position demands a leader who can blend deep technical expertise with exceptional business acumen, strategic foresight, and the ability to inspire a culture of innovation and analytical rigor.
Key Responsibilities of VP, Enterprise Risk Modeling with a Global Insurer – Hartford, CT
The Vice President of Enterprise Risk Modeling will have a broad and impactful remit, overseeing all aspects of the firm’s risk modeling capabilities. Key responsibilities include:
Strategic Leadership & Vision
Develop and execute the strategic vision for the enterprise risk modeling function, ensuring alignment with the company’s overall business objectives and risk appetite. Act as a key thought leader within the organization on all matters related to quantitative risk assessment and capital modeling.
Economic Capital Model Oversight
Lead the ongoing development, maintenance, and enhancement of the company’s internal economic capital model. Ensure the model accurately reflects all material risks, including market, credit, insurance (underwriting and reserving), and operational risks across all global business segments.
Advanced Modeling & Analytics
Direct the design and implementation of sophisticated stochastic models, asset-liability management (ALM) frameworks, and other quantitative tools to support strategic asset allocation, reinsurance optimization, and new product risk assessment.
Stress Testing & Scenario Analysis
Spearhead the firm’s stress testing and scenario analysis programs, including those required by regulators (e.g., ORSA, CCAR/DFAST equivalents) and those designed for internal strategic planning. Develop and analyze forward-looking scenarios to assess the impact of severe but plausible events on the company’s financial health.
Model Governance & Validation
Uphold a best-in-class model risk management framework. Ensure all models are well-documented, conceptually sound, and rigorously validated in accordance with internal policies and regulatory expectations. Liaise with the independent model validation team, internal audit, and external regulators.
Regulatory & Rating Agency Engagement
Serve as a primary point of contact for regulators and rating agencies on all topics related to the company’s risk and capital models. Prepare and present detailed technical material to demonstrate the model’s robustness and fitness for purpose.
Stakeholder Communication
Master the art of communicating highly complex quantitative concepts to a diverse range of stakeholders, including the Chief Risk Officer, CEO, Board of Directors, and business unit leaders. Create clear, concise reports and presentations that distill model outputs into meaningful business insights.
Team Development & Mentorship
Lead, mentor, and develop a large team of talented quantitative professionals. Foster a collaborative, innovative, and high-performance culture. Attract and retain top-tier talent in the competitive quantitative finance and actuarial fields.
Technology & Innovation
Stay abreast of the latest industry trends, academic research, and technological advancements in risk modeling, machine learning, and data science. Champion the adoption of new tools and techniques to enhance the efficiency and effectiveness of the modeling platform.
Business Partnership
Collaborate closely with leaders in Finance, Actuarial, Investments, and individual business units to ensure that risk models are deeply integrated into business processes and provide tangible value for decision-making.
Requirements for the VP, Enterprise Risk Modeling with a Global Insurer – Hartford, CT
We are seeking a seasoned leader with a proven track record of success in quantitative risk management. The ideal candidate will possess a unique combination of deep technical expertise, strategic thinking, and influential leadership skills.
Required Qualifications:
- An advanced degree (Master’s or PhD) in a quantitative discipline such as Actuarial Science, Financial Engineering, Mathematics, Statistics, Physics, or Economics.
- A minimum of 12-15 years of progressive experience in risk management and modeling within a large, complex insurance company or financial institution.
- At least 5-7 years of direct experience in a senior leadership role, with a proven ability to manage and mentor large teams of quantitative analysts and/or actuaries.
- Deep, hands-on expertise in the theory and practice of economic capital modeling, covering a wide range of risks (market, credit, operational, P&C and Life insurance risks).
- Extensive experience with stochastic modeling, Monte Carlo simulation, and advanced statistical techniques.
- Strong familiarity with regulatory frameworks relevant to the insurance industry, such as Solvency II, NAIC regulations, and the Own Risk and Solvency Assessment (ORSA).
Preferred Qualifications:
- Professional designations such as Fellow of the Society of Actuaries (FSA), Fellow of the Casualty Actuarial Society (FCAS), Chartered Enterprise Risk Analyst (CERA), Chartered Financial Analyst (CFA), or Financial Risk Manager (FRM).
- Proficiency with specialized risk modeling software (e.g., GGY AXIS, Moody’s ESG, Prophet, Igloo) and programming languages (e.g., Python, R, C++, SQL).
- Experience presenting to executive management, board-level committees, and external regulatory bodies.
- Demonstrated ability to lead large-scale projects and drive change across a complex, global organization.
- Exceptional verbal and written communication skills, with the ability to explain intricate models and their implications to non-technical audiences.
- A strategic mindset with the ability to connect detailed analytical work to broader business strategy and performance.
Benefits & Perks Offered
Our client is committed to attracting and retaining top talent by offering a highly competitive and comprehensive compensation and benefits package. This includes:
Competitive Executive Compensation
A highly attractive base salary, significant annual performance-based bonus, and a long-term incentive plan (equity-based compensation).
Comprehensive Health & Wellness
Premier medical, dental, and vision insurance plans for you and your family, along with generous wellness programs and resources.
Retirement Savings
A robust 401(k) plan with a substantial company match and potential profit-sharing contributions.
Generous Time Off
A generous paid time off (PTO) policy, numerous paid holidays, and paid parental leave.
Professional Development
A significant budget for continuous learning, including support for attending industry conferences, pursuing certifications, and other executive education opportunities.
Relocation Assistance
A comprehensive relocation package is available for qualified candidates moving to the Hartford area.
Work-Life Balance
A commitment to a healthy work-life balance, supported by a flexible, hybrid work model.
How to Apply
This is a retained search exclusively managed by JRG Partners. If you are a transformative leader with a passion for quantitative risk modeling and a desire to make a significant impact at a global industry leader, we encourage you to apply. We are looking for an individual who is not only a master of the science of risk but also an artist in its application to drive business value.
To express your interest and submit your application for confidential consideration, please visit our practice area page. JRG Partners specializes in placing top-tier talent within the insurance and financial services sectors, and we look forward to connecting with you.
