Head of Capital and Risk Methodology 80-100%

Zurich 56 Company Ltd; Zürich; Hybrid; CHF 125’000 - 180’000; Vollzeit

Zusammenfassung

A leading firm in Zurich is seeking a Head of Capital and Risk Methodology to lead the development and maintenance of their internal models, ensuring they meet regulatory requirements and industry best practices. Candidates should possess a master's degree and extensive experience in solvency and capital models, alongside strong leadership skills.

Leistungen

Flexibility to work up to two days remotely each week

Collaborative work culture at the Quai Zurich Campus

Qualifikationen

• Ten years of experience in solvency or capital models.
• Profound understanding of regulatory requirements of the Swiss Solvency Test (SST).
• Excellent communication skills to explain complex concepts.

Aufgaben

• Lead the continuous enhancements of models for Credit risk and Risk Type Aggregation.
• Manage and mentor a team of senior and junior risk modelling specialists.
• Ensure model compliance with regulatory standards.

Kenntnisse

Team Leadership

Strategic Thinking

Risk Modelling

Documentation Skills

Ausbildung

Master's degree in Actuarial Science, Mathematics, or Finance

Jobbeschreibung

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Head of Capital and Risk Methodology 80-100%

125180

We are seeking an experienced and highly skilled Head of Capital and Risk Methodology to lead the team responsible for development and maintenance of the Group’s Swiss Solvency Test (SST) and Zurich Economic Capital (Z-ECM) internal models. The Capital & Risk Methodology team is responsible for various risk types (Credit risk, Expected Result, Risk Aggregation, Market Value Margin) and ensures the overall model consistency across risk types. The successful candidate will lead a team of senior and junior risk modelling specialists.

What you will do

• Model Development: Lead continuous enhancements of Credit risk, Risk Type Aggregation and post-aggregation models, ensuring they meet the internal requirements for Z-ECM model and FINMA regulations for Swiss Solvency Test (SST) model.
• Model Maintenance: Assure the model remains appropriate, by e.g. regularly testing the model, performing assessment of model simplifications etc. Assure the model documentation is up-to-date and compliant with internal model risk governance and FINMA requirements.
• Team Leadership: Manage and mentor a team of senior and junior risk modelling specialists, providing guidance, support, and professional development opportunities.
• Methodology Oversight: Ensure the overall model methodology is robust, up-to-date, and aligned with industry best practices and regulatory standards.
• Regulatory Compliance: Stay informed on FINMA requirements and ensure the SST model remains compliant with all regulatory standards.
• Regulatory Interactions: in case of major model changes, lead internal model change approval interactions with FINMA for models under your direct supervision. For other models, support respective Risk Type Model Owners.
• Projects: Drive forward or coordinate on projects related to quantitative and actuarial topics, or support other ad-hoc initiatives of strategic relevance
• Cross-functional Collaboration: Work closely with other teams within Group Risk Management and across Zurich Insurance to assure consistency across models.
• Documentation and Reporting: Maintain comprehensive documentation of the model development process, methodology, assumptions, and results.

What you bring

• Master degree with a quantitative focus: Actuarial Science, (Financial) Mathematics, Quantitative Finance, or similar
• Ten years or more of experience in the areas of solvency or capital models (valuation side and/or risk), reserving or pricing, or similar
• Profound understanding of market-consistent framework for asset and liability valuation and risk modelling.
• Detailed knowledge of standards and regulatory requirements of the Swiss Solvency Test (SST) or Solvency II.
• Experience in managing and leading a team, is seen as beneficial
• Excellent documentation and communication skills, with the ability to precisely document and explain complex concepts to a variety of stakeholders and readers, adjusted to their needs.
• Ability to think strategically and align model development with broader business objectives.
• Being flexible and adaptable to changing regulatory environments and business needs.
• Strong team player with the ability to work collaboratively across functions and levels of the organization
• German language is an advantage

#LI-Executive

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.

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 .