Senior Model Risk Actuary 80-100%

This exciting role in Group Risk Management’s Life Risk team will require an experienced actuary who brings excellent product and pricing knowledge, combined with critical thinking skills to provide risk-based insights to senior stakeholders.

What you will do

• Deliver independent validations of Life models, with a particular focus on pricing models. Build effective working relationships with Business Units to facilitate the validation of local models, and produce validation reports and documentation.
• Lead and deliver independent top-down analysis and assessment of model risks (including specific targeted deep dive analyses) including review of methodology and approaches, and produce reports and documentation.
• Oversee development and implementation of Model Risk Governance relating to Life pricing models.
• Support the development of the cash flow modeling framework used in Life model validation.
• Support Risk engagement in Life decision processes, e.g., product approval or assumption review, providing independent challenge as part of decision making.
• Present to senior management on model governance and validation outcomes, and advise on risk insights and implications for the business.

What you bring

As a Senior Model Risk Actuary your skills and qualifications will ideally include:

• University degree in Finance, Mathematics, Actuarial Science, or comparable field.
• Qualified Life actuary with eight or more years of relevant experience in the Life Insurance industry
• Experience in pricing and ideally one or more of the following areas: reserving, solvency, assumption setting, and/or capital modelling
• Excellent communication, influencing and negotiation skills
• Experience in model development projects, either as developer or product owner
• Excellent written and verbal communication skills in English, with the ability to write clear validation reports.

Additional Information

We look forward to receiving your online application.

At our Quai Zurich Campus , our culture and our people are what set us apart. We thrive on face-to-face interactions that drive collaboration, nurture our unique culture, and amplify our success. Enjoy the best of both worlds with the flexibility to work up to two days remotely per week within Switzerland, allowing you to balance personal commitments while excelling in your career. Please discuss your flexibility needs with us during your interview.

Information for recruitment agencies

Zurich does not accept any applications from recruitment agencies for this position. We refuse any responsibility for unsolicited applications as well as any associated fees.

Why Zurich

At Zurich, we like to think outside the box and challenge the status quo. We take an optimistic approach by focusing on the positives and constantly asking What can go right?

We are an equal opportunity employer who knows that each employee is unique - that’s what makes our team so great!
Join us as we constantly explore new ways to protect our customers and the planet .

• Location(s): CH - Zürich
• Remote working: Hybrid
• Schedule: Full Time
• Recruiter name: Grace Cunningham