Onsite Capital Modelling Analyst

Posted 41 minutes ago

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About the role

  • Capital Modelling Analyst supporting Aspen's Economic Capital Model and assisting in delivery of results. Collaborating with stakeholders and fulfilling regulatory requirements within a dynamic insurance environment.

Responsibilities

  • Support the Aspen Capital Modelling team in the design, development, implementation, maintenance and use of the Aspen Economic Capital Model (ECM)
  • Assisting in the delivery and analysis of results
  • Assisting in the communication with key stakeholders
  • Fulfilment of regulatory requirements
  • Supporting the production of ECM deliverables to various regulatory entities relevant to Aspen, including the PRA, Lloyd’s of London, and the BMA as well as rating agencies
  • Supporting the entity-level business planning and reforecasting processes, including the production of capital calculations and associated exhibits, including explanations of movements from both a technical and ‘real-world’ perspective
  • Compliance with the ECM’s operational control processes and other processes deriving from Internal Model policies (e.g. model change, documentation etc.) and proactively seeking to improve existing controls and processes that currently exist
  • Working with other Aspen teams responsible for providing data to the Capital Modelling team to ensure adequate data quality and active management and resolution of issues and timetable constraints
  • Accurate and timely processing of data feeds, analysis, and other information for use as inputs into the Aspen ECM
  • Assisting with elements of the development, maintenance and regular update of the ECM including development of methodologies and model coding, parameter reviews and exposure analysis to ensure the ongoing appropriateness and robustness of the Aspen ECM
  • Supporting the production of analysis and commentary to aid risk reporting to Aspen’s committees and boards and communication with other key stakeholders across the Aspen group
  • Completion and sign-off of elements of production control dashboard in line with requirements of Aspen ECM Operational Control Framework
  • Successful implementation of elements of agreed model developments, parameter updates, and exposure updates in line with agreed model change protocols

Requirements

  • Knowledge of basic insurance concepts
  • Knowledge of Capital Modelling techniques and analysis (Tyche or Igloo knowledge highly desirable), including application to Solvency II or equivalent regimes
  • Graduate with a 1st or Upper 2nd (2:1) degree from a top-tier university, in a subject involving a high level of numerical or quantitative content
  • Ideally experience of actuarial work in the non-life insurance sector (for example gained within a consultancy or London Market organisation)
  • Strong communication skills, both oral and written
  • High degree of proficiency dealing with quantitative concepts, with a strong analytical and problem-solving approach
  • Proactive approach to improving processes and challenging the status quo
  • Experience of programming highly desirable (e.g. VBA, SQL)

Benefits

  • Professional development opportunities

Job title

Capital Modelling Analyst

Job type

Experience level

Mid levelSenior

Salary

Not specified

Degree requirement

Bachelor's Degree

Tech skills

Location requirements

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