Quantitative Risk Manager (80-100%) in London

Join our Financial Risk Management (FRM) team, where we develop, validate, and enhance the methodologies that underpin Swiss Re's financial risk framework. Our Financial Model Validation & Methodologies team, based in London, Zurich, and Bangalore, works at the intersection of risk management, actuarial science, finance, and technology to strengthen Swiss Re's understanding and management of market and credit risks. We design and maintain risk methodologies used across FRM and collaborate closely with IT and business stakeholders to build robust analytical capabilities and risk infrastructure.

As a Quantitative Risk Manager, you will play a key role in shaping Swiss Re's market and credit risk methodologies, supporting risk measurement across reinsurance and capital markets activities. You will:

• Develop and maintain market and credit risk methodologies for Swiss Re's reinsurance and capital market portfolios.
• Translate methodology requirements into clear technical specifications and support implementation into risk systems.
• Prototype and analyse financial datasets and risk feeds used within the Internal Capital Model.
• Partner with Finance, Risk, and Technology teams to ensure accurate risk representation and data integrity.
• Support the onboarding of new reinsurance and capital market transactions by designing appropriate risk capture methodologies.
• Enhance risk systems to reflect evolving portfolio characteristics, market dynamics, and regulatory requirements.
• Contribute to the integrity of Swiss Re's Internal Capital Model, ensuring methodologies remain robust, transparent, and fit for purpose.
• Serve as a subject matter expert on market and credit risk methodologies, providing advice and insight to senior stakeholders, including the Heads of Market Risk and Credit Risk.

We're looking for a technically strong and intellectually curious professional who combines quantitative expertise with practical risk management experience. You bring:

• An actuarial qualification or equivalent quantitative background, together with a university degree in mathematics, statistics, actuarial science, finance, physics, or a related discipline.
• Significant experience in insurance, reinsurance, risk management, or a related financial services environment.
• Strong understanding of capital markets, financial risk modelling, and risk methodology development.
• Experience analysing how changes in market and credit conditions affect economic, regulatory, and accounting outcomes.
• Knowledge of IFRS 9 and IFRS 17, SST financial data, and an understanding of local statutory reporting frameworks.
• Experience with internal capital models, model governance, or regulatory capital frameworks such as SST or Solvency II.
• Strong analytical skills with experience working with large and complex datasets.
• Programming proficiency in tools such as R, Python, and/or DAX.
• The ability to learn new systems and technologies quickly and apply quantitative insights to practical business challenges.
• A collaborative, proactive mindset with a strong sense of ownership and continuous improvement.

This is an opportunity to shape risk methodologies used across Swiss Re's global business and influence risk and capital decisions at the highest levels of the organisation. You'll work on a broad range of challenges spanning reinsurance structures, capital markets transactions, internal capital modelling, and regulatory risk frameworks while partnering with experts across Risk, Finance, Investments, and Technology.

The salary range for this position is GBP 86,000 - GBP 130,000 (full-time equivalent), depending on experience, qualifications, skills, and the scope of the role. We operate a hybrid working model, with a minimum of three days per week in the office.

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 15,000 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.