Description:
As an analyst focusing on Insurance practice in our Financial Engineering & Modelling team, you will:
- Conduct independent validations of insurance models (pricing, valuation, asset, LICAT & IFRS 17) in compliance with the Model Risk Policy, standards and guidelines
- Identify potential risks embedded in the model design and usage, and provide constructive challenges and recommendations to mitigate model risk
- Communicate the model validation results to senior leadership and model owners, prepare a Model Validation plan/report that details the validation scope, testing approach, test results, findings and conclusions
While this role focuses on insurance model validation, it is a very dynamic opportunity to work closely with other areas and broaden your horizon.
About the team
The Financial Engineering & Modelling, Financial Advisory team comprises of eminent bunch of subject matter experts from Quantitative Finance background working across risk/insurance modelling, valuations, Global Investment Performance Standards (GIPS) related financial sphere.
Working with this team will offer you the opportunity to:
- Work in a fast-paced and thought-provoking environment with like-minded people who are experienced and respected in quantitative finance/insurance fields
- Engage in group works with our team to develop solutions for our clients • Develop professional skills needed to advance in your chosen career path
- Exposure to high-profile clients including banks, insurance firms, funds, credit unions through a variety of engagements
Enough about us, let’s talk about you
You are someone who is/has:
- A Bachelor’s degree or higher in a quantitative field such as actuarial science, statistics, and mathematical finance
- Strong technical skills including Axis, Excel, and VBA. Knowledge of programming is an asset
- Ability to work under tight deadlines and with multiple priorities
- Ability to explain complex actuarial and financial modeling techniques in a simple and concise way
- Ability to work independently and in cross-functional team settings
- Demonstrated analytical and problem solving skills
- Excellent verbal and written skills
- Pays great attention to details
- Takes initiatives and ownership of projects
- Prior modeling or validation experience