Our client is the world’s largest insurance business.

In this role you will lead and organise the production process for the Profit Loss (PL) attribution process which aims for explaining economic PL by risk drivers. This includes maintenance and further development of existing calculation tools (based on S+) as well as production and reporting of PL attribution results. Beside the PL attribution production the role will also further develop and maintain the PL attribution methodology and lead the implementation of updates in line with regulatory requirements and internal needs.

The position will also support the team in the model validation process by developing and executing validation tools and test, which involves methodological and conceptual developments as well as the technical implementation and production of results. The role will require close interactions to explain methodology and review results of PL attribution with local entities using the internal model under Solvency II.

Candidates MUST have:

• Master degree or PhD in a quantitative field, such as mathematics, quantitative finance, quantitative economics, statistics or econometrics
• AT least 2-3 years of relevant work experience in the financial industry (banks, insurance company, reinsurance company) in a risk management or actuarial function, with quantitative and strong analytical background (risk modelling, risk analytics or model validation).
• Basic know-ledge of non-life insurance products, liability valuation, accounting for non-life insurance products and good knowledge of financial products (bonds, ABS, MBS, derivatives, etc.).
• Knowledge of risk modelling (economic capital modelling) and statistical analyses.
• Experienced in working with large data volumes and with implementation of models and analytical calculations using statistical or programming languages, such as MatLab, S+, R, Mathematica, C++, Java or visual basic.

In exchange we offer a very very competitive salary, the opportunity to be relocated to Zurich and live there. A tax rate that is almost criminally low.

My client pays a yearly bonus that is a considerable addition,

I am interested to see your drive as this role will no doubt be popular.

My client is based in Geneva this is one of the world’s most beautiful and opportunistic cities but may not be right for everyone.

If this sounds of interest then please send your most recent cv to banking@alexanderblackrecruitment.co.uk or call James Holland on +44 207 590 3681