Model Risk Consultant

Salary Range: $105,000 - $140,000

Job Posting End Date: April 15, 2026

We’ve Got You Under Our Wing

We are the duck. We develop and empower our people, cultivate relationships, give back to our community, and celebrate every success along the way. We do it all…The Aflac Way.

Aflac, a Fortune 500 company, is an industry leader in voluntary insurance products that pay cash directly to policyholders and one of America's best-known brands. Aflac has been recognized as Fortune’s 50 Best Workplaces for Diversity and as one of World’s Most Ethical Companies by Ethisphere.com.

Our business is about being there for people in need. So, ask yourself, are you the duck? If so, there’s a home, and a flourishing career for you at Aflac.

Worker Designation – This role is hybrid. This means you will be expected to report to one of our Aflac offices located in Columbus, GA for at least 60% of the work week. You will work from your home (within the continental US) for the remaining portion of the work week. Details of this schedule will be discussed with your leadership.

What does it take to be successful at Aflac?

• Acting with Integrity
• Communicating Effectively
• Pursuing Self-Development
• Serving Customers
• Supporting Change
• Supporting Organizational Goals
• Working with Diverse Populations

What does it take to be successful in this role?

• Strong practical knowledge of insurance, finance, investments and/or mathematical or statistical Modeling

• Strong programming skills and modeling experience to validate various model methodologies, calculations and processes

• Ability to design, document, and communicate the validation process to risk committees and Management

• Technical proficiency in SQL and cloud-based platforms (Snowflake preferred)

• Technical proficiency in programming languages (Python and R preferred)

• Ability to adapt to newer platforms that may be adopted to boost usage of ML/AI for process automation/validation

• Advanced knowledge of Microsoft Office, particularly Excel with strong VBA (spread-sheet automation) skills

• Excellent business partnering and communication skills

• Ability to dive into technical and execution level details, connect the dots while thinking Strategically

• Enthusiastic about developing and improving tools and processes, with a focus on efficiency and user friendliness

• A proactive mindset with proven ability to manage projects independently and effectively

• Ability to teach/train/onboard junior analysts to mathematical concepts, programming languages and ML/AI adaption

• Excellent oral, written, and interpersonal communications skills to effectively interact with peers, management, and internal customers, and external vendor representatives

Education & Experience Required

• Bachelor's Degree in Mathematics, Statistics, Computer Science, Actuarial Science, Finance, Data Science, Risk Management, or other quantitatively intensive field
• 6 years of professional job-related work experience

Or an equivalent combination of education and experience

Education & Experience Preferred

• Fellow of the Society of Actuaries (FSA), Chartered Financial Analyst (CFA), and/or Financial Risk Manager (FRM)
• Insurance experience preferred

Travel

Travel is greater than or equal to 10%.

Principal Duties & Responsibilities

• Performs independent validations of actuarial, financial, investment, and/or predictive models

• Reviews model methodology, assumptions, and documentation to ensure alignment with ASOPs, best practices, and internal model governance

• Recreates model outputs using challenger models, simplified calculations, or benchmarking

• Assesses data inputs for appropriateness, completeness, and transformation accuracy

• Evaluates model implementation controls and change management evidence

• Validates coding logic and implementation for business management software in programing languages such as SQL, R, Python, or VBA

• Performs sensitivity testing, stress testing, and back testing to evaluate model robustness

• Identifies model limitations, risks, and potential failure points

• Prepares clear model validation reports that detail findings, issues, severity levels, and remediation recommendations

• Works with model owners and business stakeholders to ask model-related questions and perform controls reviews

• Presents results to Model Risk Management subcommittees and working groups

• Tracks issue remediation and performs follow-up validations

• Ensures adherence to internal MRM policies and regulatory requirements (e.g. SOX, BMA, NAIC)

• Develops and enhances a streamlined process for model validations

Total Rewards

The salary range for this job is $105,000 - $140,000. This range is specific to the job and salary offers consider a wide range of factors that are considered in making compensation decisions, including, but not limited to: education, experience, licensure, certifications, geographic location, and peer compensation. The range has been created in good faith based on information known to Aflac at the time of the posting.

At Aflac, it is not typical for an individual to be hired at or near the top of the range for the role to allow for future and continued salary growth, and compensation decisions are dependent on the circumstances of each case. This salary range does not include any potential incentive pay or benefits, however, such information will be provided separately when appropriate.

In addition to the base salary, we offer an array of benefits to meet your needs including medical, dental, and vision coverage, prescription drug coverage, health care flexible spending, dependent care flexible spending, Aflac supplemental policies (Accident, Cancer, Critical Illness and Hospital Indemnity offered at no costs to employee), 401(k) plans, annual bonuses, and an opportunity to purchase company stock. On an annual basis, you’ll also be offered 11 paid holidays, up to 20 days PTO to be used for any reason, and, if eligible, state-mandated sick leave (Washington employees accrue 1-hour sick leave for every 40 hours worked) and other leaves of absence, if eligible, when needed to support your physical, financial, and emotional well-being. Aflac complies with all applicable leave laws, including, but not limited to, sick and safe leave, and adoption and parental leave, in all states and localities.