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As a Modelling Expert in the model risk management team, you will be primarily involved in the independent validation of Zurich Group's internal models. Models in scope include capital and replicating portfolio models used for Solvency II and Swiss Solvency Test, as well as strategic models in valuation, pricing or risk selection.
Your Rol e
As a Modelling Expert your main responsibilities will involve:
Perform or delegate validation activities, including the implementation and execution of validation tools and tests
Review and challenge the methodology and associated justifications provided by the model owners
Identify, quantify and assess weaknesses and limitations of models
Provide model knowledge and insights and advise on prioritization for model development and change processes
Interact and cooperate with key stakeholders in the validation process
Document test results and produce validation reports
Support management of validation projects, including planning, stakeholder management and report delivery
Present validation results to senior management and relevant committees
Support colleagues in their model validation activities
Your Skills and Experience
As a Modelling Expert your skills and qualifications will ideally include:
Master degree in mathematics or statistics, PhD preferred
Pursuing or planning to pursue an actuarial qualification would be an advantage
3 to 5 years of relevant work experience in the insurance or reinsurance industry, a consulting firm or a financial institution
Solid experience in modeling for valuation and economic capital
Strong statistical, modelling and programming skills (R, VBA, Python)
Excellent understanding of risk embedded in insurance or financial products
Capability to work effectively on several projects in parallel in a dynamic environment
Strong communication and relationship building capabilities
Fluent written and spoken English is a must
Internal Number: 6468054
About Zurich Insurance Company Ltd
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