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- Tasks: Lead insurance risk modelling and oversee stress testing frameworks.
- Company: Join a dynamic team in a leading financial services firm in London.
- Benefits: Enjoy competitive salary, flexible working options, and professional development opportunities.
- Why this job: Make a real impact on risk management while collaborating with top industry professionals.
- Qualifications: Experience in risk modelling and strong analytical skills are essential.
- Other info: Opportunity to work closely with senior leadership and influence key decisions.
The predicted salary is between 72000 - 108000 £ per year.
Based in our clients London office, this 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 lead and oversee the modelling of insurance risks, the development of our clients internal aggregation approach and maintain the Group Stress and Scenario Testing framework. The Senior Manager will work closely with Group Risk colleagues, Business Unit CROs, as well as Finance and Actuarial functions.
You will lead and oversee the setting of the risk methodologies & calibration processes for insurance risks, including (but not limited to) Economic Capital and Regulatory Capital (Solvency II and Bermudan regulatory frameworks).
- Lead the setting of the risk aggregation methodology & calibration process under our clients Economic Capital approach including identifying the aggregation approach, the setting of risk correlations, generation of real-word simulations and drafting requirements for loss function modelling for assets and liabilities, tail-risk measurement, and risk and capital allocation.
- Maintain the Group-wide Stress and Scenario Testing framework and oversee its implementation by the Business Units.
- Review and challenge proposed changes to the risk methodology and calibration process, both at Group and Business Unit levels.
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Senior Manager Insurance Risk Modelling employer: Orange Malone
Contact Detail:
Orange Malone Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Manager Insurance Risk Modelling
✨Tip Number 1
Familiarize yourself with the latest developments in insurance risk modelling, especially focusing on Economic Capital and Solvency II frameworks. This knowledge will not only help you understand the role better but also demonstrate your commitment to staying updated in this field.
✨Tip Number 2
Network with professionals in the insurance risk sector, particularly those who have experience with Group Risk and capital allocation methodologies. Engaging in discussions or attending relevant industry events can provide valuable insights and connections that may benefit your application.
✨Tip Number 3
Prepare to discuss specific examples of how you've led teams or projects related to risk modelling and stress testing. Highlighting your leadership skills and practical experience will be crucial in showcasing your fit for the Senior Manager position.
✨Tip Number 4
Understand the importance of collaboration across different functions such as Finance and Actuarial. Be ready to articulate how you can effectively work with diverse teams to enhance risk methodologies and calibration processes.
We think you need these skills to ace Senior Manager Insurance Risk Modelling
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly understand the responsibilities and requirements of the Senior Manager Insurance Risk Modelling position. Familiarize yourself with key concepts such as Economic Capital, Regulatory Capital, and risk aggregation methodologies.
Tailor Your CV: Customize your CV to highlight relevant experience in insurance risk modelling, stress testing, and scenario analysis. Emphasize your leadership skills and any previous work with regulatory frameworks like Solvency II.
Craft a Compelling Cover Letter: Write a cover letter that clearly articulates your motivation for applying and how your background aligns with the role. Mention specific experiences that demonstrate your ability to lead risk methodology and calibration processes.
Highlight Collaboration Skills: Since the role involves working closely with various teams, make sure to showcase your collaboration and communication skills. Provide examples of how you've successfully worked with cross-functional teams in the past.
How to prepare for a job interview at Orange Malone
✨Understand the Role and Responsibilities
Make sure you have a clear understanding of the Senior Manager Insurance Risk Modelling role. Familiarize yourself with the key responsibilities, such as leading the modelling of insurance risks and maintaining the Group Stress and Scenario Testing framework.
✨Showcase Your Technical Expertise
Be prepared to discuss your experience with risk methodologies and calibration processes, particularly in relation to Economic Capital and Regulatory Capital frameworks like Solvency II. Highlight any relevant projects or achievements that demonstrate your technical skills.
✨Demonstrate Collaboration Skills
Since this role involves working closely with various teams, emphasize your ability to collaborate effectively. Share examples of how you've successfully worked with cross-functional teams, including Finance and Actuarial functions, to achieve common goals.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving abilities and decision-making process. Think about potential challenges you might face in the role and how you would approach them, especially regarding risk aggregation and tail-risk measurement.
