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- Tasks: Shape strategic decisions by analysing complex risks and influencing senior stakeholders.
- Company: Join Swiss Re, a global leader in reinsurance and risk management, making the world more resilient.
- Benefits: Enjoy a hybrid work model, inclusive culture, and opportunities for professional growth.
- Why this job: Be part of a small, dynamic team that values fresh perspectives and innovative thinking.
- Qualifications: Qualified actuary with 8+ years in Life & Health; strong analytical and programming skills required.
- Other info: Open to experienced professionals returning after a career break.
The predicted salary is between 43200 - 72000 £ per year.
Are you an experienced actuary with exceptional communication skills looking for a senior role where your expertise will shape key strategic decisions? Do you thrive on analyzing complex risks, influencing senior stakeholders, and driving best practices? If so, we invite you to join Swiss Re’s Actuarial Control team within Group Risk Management!
About the Role
You will contribute to preserving Swiss Re's reputation and financial strength by providing confidence to our Board(s) and Senior Management in relation to the models used for risk quantification and capital calculations. Leveraging your actuarial and modelling expertise, you will ensure that the stakeholders are aware and understand the risks we face. You will work closely with risk modelling and actuarial teams to enhance the quality of the risk modelling methodologies.
Your key responsibilities will be the following:
- Providing independent reviews, challenge and oversight of methods used in risk and capital quantifications, with a primary focus on Life & Health business.
- Conducting model validations using advanced statistical techniques and informed judgement, in particular identifying limitations and uncertainties and assessing their significance.
- Preparing reports for senior management and regulators, providing insights into models soundness and appropriateness.
- Monitoring relevant regulatory changes to ensure continued compliance with requirements.
- Proactively adopting technology and leveraging external insights on advancements in actuarial and modelling methods and best practices.
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
You have excellent interpersonal and communication skills with good spoken and written English. You have a strong ability to show impartial and fair judgment, ensuring that challenges are raised based on objectively sound reasoning and proportionality. You’re naturally curious and enjoy breaking down complex problems into clear, simple concepts and able to explain them to various audiences. You’re not afraid to step outside your comfort zone, eager to take on new challenges and build your expertise. With strong analytical skills, you can manage large, complex data sets while keeping an eye on the bigger picture. You approach validation suggestions with confidence and patience, effectively influencing stakeholders while maintaining a collaborative and constructive approach.
Essentials
- Qualified actuary with at least 8 years of professional experience, specialising in Life and Health business; experience in model validation, quantitative risk management and/or development or oversight of risk & capital methodologies will be strongly preferred.
- University degree in a quantitative field (e.g. mathematics, statistics, quantitative finance).
- Proficiency in programming/scripting languages (e.g. MATLAB, R, Python, SAS).
We provide feedback to all candidates via email. If you have not heard back from us, please check your spam folder.
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.
Senior Risk Actuary (Hybrid; 80-100%) employer: Crossell
Contact Detail:
Crossell Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Risk Actuary (Hybrid; 80-100%)
✨Tip Number 1
Network with professionals in the actuarial field, especially those who work at Swiss Re or similar companies. Attend industry events or webinars to connect with potential colleagues and learn more about the company culture.
✨Tip Number 2
Familiarise yourself with the latest advancements in risk modelling and capital methodologies. Being able to discuss recent trends or technologies during interviews can demonstrate your proactive approach and genuine interest in the role.
✨Tip Number 3
Prepare to showcase your communication skills by practising how you would explain complex actuarial concepts to non-experts. This will be crucial in demonstrating your ability to influence senior stakeholders effectively.
✨Tip Number 4
Research Swiss Re's recent projects and initiatives in the Life & Health sector. Being knowledgeable about their current challenges and successes will help you tailor your discussions and show that you're genuinely interested in contributing to their goals.
We think you need these skills to ace Senior Risk Actuary (Hybrid; 80-100%)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in Life and Health business, model validation, and quantitative risk management. Use specific examples to demonstrate your analytical skills and ability to manage complex data sets.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and how your background aligns with Swiss Re's mission. Highlight your communication skills and your ability to influence stakeholders, as these are key aspects of the position.
Showcase Technical Proficiency: Mention your proficiency in programming languages such as MATLAB, R, Python, or SAS. Provide examples of how you've used these skills in previous roles to enhance risk modelling methodologies or conduct model validations.
Prepare for Potential Questions: Anticipate questions related to your experience with risk quantification and capital calculations. Be ready to discuss specific challenges you've faced and how you approached them, demonstrating your problem-solving abilities and sound judgement.
How to prepare for a job interview at Crossell
✨Showcase Your Communication Skills
As a Senior Risk Actuary, you'll need to communicate complex concepts clearly. Prepare examples of how you've effectively communicated with stakeholders in the past, especially when explaining risk models or methodologies.
✨Demonstrate Analytical Expertise
Be ready to discuss your experience with model validation and quantitative risk management. Bring specific examples of how you've used statistical techniques to assess risks and how you approached challenges in your previous roles.
✨Stay Updated on Regulatory Changes
Research recent regulatory changes relevant to the Life & Health sector. Be prepared to discuss how these changes could impact risk quantification and capital calculations, showcasing your proactive approach to compliance.
✨Emphasise Collaboration and Influence
Highlight your ability to work collaboratively with diverse teams. Share instances where you've influenced decision-making processes while maintaining a constructive approach, as this is crucial for the role.
