Model Validation (Insurance) recruitment
The Global Model Validation team is responsible for model approvals of insurance and pension linked trades. The role will be predominately focused on the validation of insurance and pension linked trades, but also will involve market traded credit derivatives and CVA related issues.
The Client:
A leading global investment bank with a front office based model validation team. With Global Heads sitting in London the bank offer a very high level of visibility to top performing staff.
The Role:
- Review pricing models designed by the front desk based upon limited data.
- Benchmark these models using both cash flow projection models and stochastic models.
- Use model point or policy level data to build cashflow projections under the best estimate and stress scenario assumptions.
- Have a strong understanding of the limitations of the pricing assumptions used by the client.
- Have a comprehensive understanding of quantitative methods for credit, fixed income and hybrid derivatives
The Candidate:
- Quantitative analyst with strong actuarial background or a qualified actuary with a strong focus on mathematical finance.
- Strong mathematical skills (quantitative finance, stochastic calculus)
- Qualified Actuary or degree in a quantitative discipline.
- Familiarity with actuarial standard systems.
- Good understanding of modelling of pension related transactions (e.g. Longevity Swaps) and risks.
- Good understanding of modelling of technical risks (mortality, morbidity, lapse etc.).
If you would like to apply for this role or find out more, please apply online or contact Barry Whyte at Robert Walters on 0207 509 8838 or barry.whyte@robertwalters.com quoting the Job Reference 1611570/BWF
March 8, 2012
• Tags: Insurance careers in the UK, Model Validation (Insurance) recruitment • Posted in: Financial