Permanent Ref No: 1467779a Qualification: Qualified, Nearly / Newly Qualified, Qualified, Nearly / Newly Qualified
This new role offers the right candidate a unique opportunity to work as part of the Capital Steering and Measurement (CSM) team within Group Risk. The successful candidate will play a key role in the development of our client's internal risk measurement framework by advancing quantitative risk measurement and analytics capabilities. The successful candidate will also be responsible for ensuring that the underlying data and technology used are fit for purpose and consistent with Internal Control Framework and Model Risk Policy. The Manager will work closely with Group Risk colleagues, Business Units, as well as Finance and Actuarial functions.
Key Contribution Areas
  • Set requirements for the development of risk models based on our client's internal risk measurement framework (Economic Capital, proxy models, stress testing, etc.)
  • Help to establish the target risk measurement methodology in line with business/regulatory requirements and perform gap analysis with current methodology
  • Build prototypes to aid in the review and challenge of 1st line activities (specification, testing, review stages)
  • Support with the oversight of the development of risk models and processes with the model development teams and advise on high level implementation plan as well as any technology, data, or implementation decisions
  • Review and challenge the appropriateness of the risk models for their intended purposes
  • Champion use of data analytics and risk intelligence and engage with quantitative teams across the Group to ensure alignment of methodology and technology
  • Enhance operational efficiency and reduce operational risk through automation of processes and explore the use of AI/LMM solutions solve complex business problems.
  • Support the risk and capital assessment as part of the quarterly risk reporting process and for the ORSA/GSSA
  • Support the setting of risk appetite and risk limits, and the development of risk metrics and other MI
  • Perform quantitative risk assessments to support business activities, including the analysis of balance sheet impacts due to new business considerations, proposed strategy changes, etc.
Functional or Technical Knowledge and Skills Required
  • 5+ years’ experience in a quantitative field within financial services, preferably developing quantitative models as part of a risk, investment, or actuarial function (experience contributing to Solvency II Internal Model builds a huge plus).
  • Qualification in a quantitative discipline (e.g. quantitative finance, actuarial science, mathematics, physics, engineering, economics) and/or Qualified Actuary.
  • Experience developing stochastic models for some/all of the following risks: credit, interests rate, equity, property, currency, mortality/longevity, lapse, expense.
  • 3+ years’ experience with R/Python, with a preference for candidates with R experience, particularly those that use the Tidyverse programming style (a familiarity with R-Shiny and R-Markdown a huge plus).
Please contact [email protected] or 016099409 for further information.

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Tagged as: Data Analytics, Life Insurance
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