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Model Risk Actuary (Hybrid, 80 - 100%)

Employer
Swiss Re
Location
London, United Kingdom
Salary
Competitive
Closing date
Dec 8, 2024
View more categoriesView less categories
Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Do you excel in an environment where your insights have a direct impact on key decision-making? We are seeking an experienced Actuary and Model Validator to join our team. In this role, you will be responsible for delivering expert assessments and independent reviews of actuarial models, reserves, and capital calculations.

If you're excited to take on this challenge, we encourage you to apply!

About the Role
You will make sure that our Board(s) and Management are aware and understand the risks we face by bringing a broad and long-term perspective to protect Swiss Re's reputation and financial strength.
You will work closely with finance and actuarial teams involved in costing, reserving, financial reporting, and capital management.

Your main responsibilities will be the following:
Providing independent review/opinion, challenge and oversight over actuarial methods used in valuing business, calculating reserves and capital while making use of data science techniques.

Opine on whether a model is appropriate for its intended use and designed with sound rationale. Model Validator's are expected to specify the limitations and assess uncertainties in the output given by the model and identify areas of model risk that model owners/developers will need to mitigate and/or monitor for the model to be used.

About the Team
The team's remit is global and spans both Life & Health and Property & Casualty business, providing support to the Group Chief Actuary and Group CRO. Our team is also small and geographically dispersed, providing the opportunity to work in a variety of areas.

About You
Essentials
• Successfully completed university degree in a quantitative field like mathematics or equivalent
• Qualified actuary with experience in costing or reserving of L&H business
• Experience using programming/scripting languages (e.g., MATLAB, R, Python, SAS)

Personality
• Curious nature with the ability to break down complexity into simple concepts
• Analytical skills; can pay attention to details without losing track of the bigger picture, able to handle large and complex data sets
• Creative, initiative person, dedicated to learn about insurance/reinsurance
• Excellent interpersonal and communication skills with good spoken and written English

We provide feedback to all candidates via email. If you have not heard back from us, please check your spam folder.
#LI-Hybrid

About Swiss Re

Swiss Re is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.

If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.

Keywords:
Reference Code: 131690

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