{bc}
oracle

Risk & Capital Actuary

Chubb
London, GBR
Full-time
Mid
Onsite
Discovered 3 days ago
excel

Full Job Posting

Key Responsibilities:

  • Operation of the model:
  • understand the technical working of the capital model, co-ordinate with other departments to ensure the calibration of the model is done with accuracy, completeness and appropriateness.
  • Run and extract results from the model, ensure output provided from the model is accurate, complete and appropriate, provide quantitative and qualitative reporting.
  • Support EMEA model validation efforts including the provision of required inputs to the Global Model Validation Unit in respect of validation activities.
  • Understand the model limitations and work within the change process to address limitations, operate the model change process, and identify future areas for study.
  • Respond to use requests, identify, adapt, and develop areas for future use, strategic decision making, and risk monitoring.
  • Risk Management use:
  • Performance of technical/actuarial deep-dive reviews, drafting relevant reports, as well as ongoing reporting and monitoring thereof.
  • Lead the related risk/actuarial analysis in respect of insurance/underwriting exposures, reserving and financial (credit & market) risks as may be required
  • Development and performance of the company's stress and scenario framework analysis, review, and documentation of stress and scenario analysis and demonstrating linkage to the emerging risk process.
  • Support the emerging risk process.
  • Optimise the existing ERM processes, enhance existing risk reporting toolkits and continue the development of an integrated risk reporting dashboard which combines capital, profitability, liquidity, franchise value and how these react under different macro-economic environments.
  • Work with off-site team in Chubb Business Services India to ensure maximum efficiency of resources.

Qualifications

  • Qualifications:
  • Previous London Market experience an advantage
  • Knowledge of Capital/Risk processes (in relation to Solvency II or other equivalent regimes)
  • Capital Modelling experience, with use of Igloo modelling software an advantage
  • Reinsurance, reserving or pricing process knowledge an advantage
  • An understanding of both non-life and life insurance products and services
  • Ability to collate and review quantitative data and carry out quantitative analysis, including risk management information and capital model outputs
  • Strong analytical skills, advanced working knowledge of Excel and good working knowledge of other MS Office applications
  • Ability to understand risks, issues and impacts and manage these across a diverse series of products and locations concurrently
  • Manages own performance and utilises the Chubb Competence Model to develop skills, abilities and behaviours that support outstanding performance and meet professional/regulatory expectations
  • Complies with the Chubb Europe fit and proper policy, maintain own professional skills with CPD and be a role model for all staff
  • We offer in return!
  • Competitive salary & pension scheme, discretionary bonus scheme, 25 days annual leave plus ability to purchase 5 additional days, hybrid working options, Private Medical cover, Employee Share Purchase Plan, Life Assurance, Subsidised gym membership, Comprehensive Learning & development offerings, Employee Assistance program.
  • Integrity. client focus. respect. excellence. teamwork
  • Our core values dictate how we live and work. We’re an ethical and honest company that’s wholly committed to its clients. A business that’s engaged in mutual trust and respect for its employees and partners. A place where colleagues perform at the highest levels. And a working environment that’s collaborative and supportive.
  • Diversity & Inclusion. At Chubb, we consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances.
  • We are committed to ensuring our recruitment process is inclusive and accessible to all. If you have a disability or long-term condition (for example dyslexia, anxiety, autism, a mobility condition or hearing loss) and need us to make any reasonable adjustments, changes or do anything differently during the recruitment process, please let us know.

Preferred Qualifications

  • Competitive salary & pension scheme, discretionary bonus scheme, 25 days annual leave plus ability to purchase 5 additional days, hybrid working options, Private Medical cover, Employee Share Purchase Plan, Life Assurance, Subsidised gym membership, Comprehensive Learning & development offerings, Employee Assistance program.

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