Investment Model Risk Director

Job Description:

Pacific Life is investing in bright, agile, and diverse talent to contribute to our mission of innovating our business and creating a superior customer experience. We are seeking a talented Director to join our Model Risk Management team in Newport Beach, CA.

You will play a key role in Pacific Life's growth and long-term success by collaborating across the Enterprise to lead in-depth reviews and provide effective challenge to a broad range of Investment models that support critical business decisions in our Investment and Risk functions. Your expertise will help ensure that the models are fit for purpose, compliant with standards, and aligned with the company's risk appetite. You will collaborate closely with business teams, model developers, and senior leaders to assess assumptions, identify risks, and deliver actionable recommendations to enhance model performance and reliability.

How you will make an impact:

• Validate a broad range of investment models, including Structured products (ABS, MBS, CLO, other structured debt), private assets and debt, residential and commercial real estate, derivatives, equities, and standard fixed income.
• Validate Credit models that translate specific and macroeconomic risk factors into corporate credit and real estate performance.
• Confirm models are free of material errors, fit for their intended purpose, and appropriately applied in domains like underwriting, surveillance, and risk management (e.g. credit, market, liquidity).
• Challenge and elevate practices by critically assessing assumptions, methodologies, and judgements used by the business, and bring transparency to potential risks.
• Collaborate with stakeholders and provide guidance on effective modeling techniques and robust governance practices, to enhance their model risk position.
• Report to senior leadership and risk committees on the health of the models, governance, key findings and recommendations.
• Contribute to the evolution of the MRM Framework and stay current on emerging practice, modeling techniques, investment strategies and evolving asset classes.

The experience you will bring:

• 10+ years of experience primarily in a highly quantitative or technical role.
• Demonstrated success in building or validating sophisticated financial models within banking, insurance, private equity, or similar setting, with an emphasis on Credit risk modeling. Experience in Structured products is a plus.
• Ability to engage, influence and challenge stakeholders across multiple levels, including senior leaders and technical teams. Exposure to second-line risk oversight role is a plus.
• Strong understanding of model governance principles and the model life cycle.
• Proficient in industry-standard tools such as FactSet, Bloomberg, CoStar, Intex, or Moody's, and programming languages such as Python, C#, MATLAB, or similar.
• Advanced degree in Mathematics, Financial Engineering, Physics or a related quantitative field.
• Professional certifications such as CAIA, CFA, FRM, or PRM are a plus.

You can be who you are.

People come first here. We're committed to a diverse, equitable and inclusive workforce. Learn more about how we create a welcoming work environment through Diversity, Equity, and Inclusion at www.pacificlife.com. What's life like at Pacific Life? Visit Instagram.com/lifeatpacificlife.

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Base Pay Range:

The base pay range noted represents the company's good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay.

$193,950.00 - $237,050.00

Your Benefits Start Day 1

Your wellbeing is important to Pacific Life, and we're committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we've got you covered.

• Prioritization of your health and well-being including Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents
• Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off
• Paid Parental Leave as well as an Adoption Assistance Program
• Competitive 401k savings plan with company match and an additional contribution regardless of participation

EEO Statement:

Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.