627 days ago on albertcliff.com

Head of Life Insurance Risk Management

Albert Cliff

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Head of Life Insurance Risk Management

Risk Management, Audit & Control Head of Life Insurance Risk Management

Head of Life Insurance Risk Management

  • Location: Zurich, Switzerland
  • Salary: Competitive
  • Organization: Insurance company

Our client is one of the world’s leading Life Insurer is currently looking for a Head of Life Insurance Risk Management to lead their Modelling team.

Key Responsibilities: 
  • Model risk management framework, with a focus on Life Insurance
  • Leading and overseeing second line of defence activities in order to limit and mitigate model risk within  Life Insurance segment
  • Reporting to management and external stakeholders on model risk and model risk framework within  Life Insurance segment
  • Ensuring compliance of validation process with regulatory requirements (e.g. SII/SST for internal capital models) and internal policy
  • Establishing and managing alliances with key partners in the validation process
  • Providing risk insights and expert advice to model owners
  • Managing resources involved in validation projects
  • Creating teams of appropriate internal and external resources
Your Background:
  • University degree (or equivalent) in Mathematics/Statistics/Finance and fully qualified actuary, with at least 7 years of relevant work experience in a General Insurance or Life Insurance company, in a reinsurance company or a consulting firm
  • Solid experience in modelling for economic capital, reserving and pricing in General Insurance or Life Insurance
  • Excellent statistical and actuarial background (e.g. Monte-Carlo simulation techniques, stochastic processes, dependency modelling and copulas, loss triangle, modelling of claims payment pattern and liability valuation and reserving)
  • Proven project experience, including strong communication and relationship building capabilities
  • Solid understanding of risks in  Life Insurance models, related processes and underlying data
  • Strong analytical skill, capable of efficiently solving complex analytical problems in a structured way
  • Ability to think in models and gain a quick and in-depth understanding of complex relations
  • English fluent in written and spoken
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