Risk Modelling Actuary

The Risk Modelling team designs and develops the Internal Capital Model application and the core model for quantifying the joint risks and capital requirements arising for SCOR. These risks include Life & Health, Property & Casualty, Market and Credit but also other risks such as Operational or Tax risks. The model and its outputs are used by different internal stakeholders and for regulatory purposes such as Solvency II.

The successful candidate will be required to support the ongoing development and maintenance of this core model. The role will also involve working closely with other departments in SCOR’s Group Risk Management, Business Units and IT.

Responsibilities:

• Improve the general methodology of SCOR’s Internal Model with a focus on Life & Health risks and dependencies to other risks.
• Develop and maintain the Python based code to ensure accurate, reliable, and computationally efficient applications.
• Participate in ongoing cross functional projects and processes related to Risk Modelling and Risk Management, including the annual Life & Health calibration review cycle.
• Perform model change impact assessments, documentation, and governance in line with Group policies.
• Support the team with modelling expertise and solutions.
• Analyze and visualize the inputs and output of the Internal Capital Model.
• Collaborate closely with other risk modelers in the team (based in Dublin, Zurich and Cologne).

Qualifications:

• 1+ years’ experience in risk or financial or actuarial modelling
• Strong coding skills and willingness to improve. Ideally Python knowledge
• Knowledge of Economic valuation, Solvency II or IFRS17 desirable
• Good problem solving, analytical and numerical skills
• University degree in mathematics/physics, actuarial science, engineering, computer science or other discipline with a strong quantitative background

Personal Competencies:

• Strong interpersonal skills and communication skills
• Pro-active, hands-on mentality and can-do attitude
• Responsible and goal-orientated work-style
• Strong team-player with proven adaptability and flexibility
• Eager to learn and understand the business needs

About Us:

SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life & Health and Property & Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.

In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.

SCOR promotes diversity and equal treatment in all aspects of employment, from recruitment to evaluation, compensation, and talent management. The Group is proud to employ people who care about each other, their community and society. We do everything we can to encourage these attitudes in our employees and to empower them to make a difference.

We accept applications for full time and part time (80-100%) and are looking forward to receiving your application!