AVP Actuary, Risk Management - SCOR GIE Informatique
New York, NY
About the Job
Key duties and responsibilities:
Risk management framework and analysis
- Maintain and enhance risk measurement models inclusive of reporting in coordination with local, P&C and Group stakeholders.
- Calculate and review capital requirements; develop, maintain and enhance associated models.
- Coordinate with Group modeling teams to calculate and report legal entities' economic capital.
- Lead the performance and documentation of ORSA processes. Manage related risk analyses including capital adequacy testing, scenario/ stress testing and qualitative assessments.
- Contribute to the development of extreme deterministic scenarios in coordination with Group Risk Management teams and transverse functions.
- Participate in validation of group internal model inputs and outputs.
- Coordinate analysis and pricing of affiliate retrocession agreements.
- Participate in the identification, assessment and monitoring of emerging risks and trends.
- Contribute to risk analyses to meet ad-hoc local or group-wide needs.
Reporting and governance:
- Maintain and enhance monitoring tools and key risk indicators in coordination with Group.
- Prepare and review materials for internal risk / solvency reporting to management and board.
- Contribute to external risk/solvency reporting and communication to auditors, regulators, and supervisory authorities.
- Document adherence to internal policies and regulatory requirements.
Alignment with Business stakeholders:
- Assist business areas/risk owners in the development of key risk indicators to identify and evaluate business areas' risks.
- Support the enhancement and alignment of risk policies, processes and reporting to ensure consistency and enable aggregation at Group level.
Required experience & competencies:
- 10+ years of work experience with increasing levels of accountability in the Property & Casualty (P&C) industry, ideally within P&C commercial (re)insurance.
- Experience with actuarial and financial risk modeling, including both regulatory capital formulas (RB/MCT/BAT) and internal economic modeling frameworks is advantageous.
- Strong analytical and statistical capabilities with ability to critically assess assumptions and risks underlying business plans/transactions. Experience with model development is a plus.
- Knowledge of P&C (re)insurance business and ability to apply sound business and financial judgment to model output and business plans/transactions.
- Strong written and verbal communication skills; concise and accurate in communicating with stakeholders.
- Ability to apply skills/work in a variety of ad hoc situations, proactively proposing and balancing a range of solutions. Ability to take the lead in cross-functional projects.
- Ability to deliver results for review in a timely manner, being proactive in managing deadlines including management of dependencies on others, with strong sense of accountability and high quality of outputs presented for review.
- Build strong relationships within risk management and other functions, locally and across the Group and the P&C business unit.
- Strong understanding and awareness of legal and regulatory compliance requirements.
Required Education:
- BS or higher in Mathematics, Actuarial Science, Economics or related field.
- Qualification in a globally recognized actuarial and/or equivalent risk management organization.
Source : SCOR GIE Informatique