Munich Re Markets GmbH - Quantitative Structurer (m/f/d)

Next Insurance, Inc.; München; Vor Ort; EUR 90.000 - 130.000; Vollzeit

Zusammenfassung

Munich Re Markets GmbH is seeking a quantitative structurer to enhance its ability to deliver bespoke risk management solutions. The role involves developing structured solutions, risk assessment, project management and coordination with sales and headquarter functions.

The successful candidate will analyse risk factors, build cashflow simulations and implement risk-neutral pricing models for reinsurance transactions, working closely with origination partners and content experts.

Qualifikationen

• Degree in mathematics or physics (Master/PhD) or equivalent in insurance/financial mathematics.
• 3+ years of relevant professional experience in life reinsurance, life insurance, wholesale banking, or related activities.
• Strong understanding of stochastic calculus, derivative pricing and risk-neutral valuation.
• Professional programming experience, ideally in Python, including model implementation and testing.

Aufgaben

• Develop relief transaction concepts considering cashflows, balances and profitability.
• Analyse and model risk factors using quantitative techniques (equity, rates, credit, fx, mortality, lapse).
• Develop approach documents for presenting concepts (presentations, models, notes).
• Develop, implement and improve risk-neutral pricing models for capital-markets-linked reinsurance.
• Build cashflow simulations, scenario engines and sensitivity frameworks using stochastic methods.
• Perform back-testing and assess impacts on balance-sheet and regulatory metrics.
• Collaborate with multi-disciplinary teams to develop relief transaction concepts.
• Deliver proposals and present solutions to clients at management levels, with follow-up communications.

Kenntnisse

English fluency

Presentation skills

Analytical thinking

Commercial/ deal-making

Attention to detail

Ausbildung

Master/PhD in Mathematics or Physics

Tools

Python programming

Jobbeschreibung

About the role:

The person for this role mainly supports the structuring of bespoke risk management solutions for the Munich Re Markets (MRM) division. The job involves developing and analysing structured solutions, risk assessment, project management and coordination with sales and headquarter functions.

Munich Re Markets GmbH is seeking to engage a quantitative structurer to enhance its ability to deliver this business.

Key Responsibilities:

• Development of relief transaction concepts taking into account the following non-exhaustive factors:
  • Specification of cashflows and balances to be exchanged under a given transaction concept
  • Economic deliverability of a given concept within the boundaries of MRM risk management and risk tolerance
  • Profitability of a given concept for MRM
  • Economic impact of a given concept on the client and the likely client reaction to such impact
  • Impact of a given concept on the client’s key quantitative metrics
• Analyse and model risk factors (equity, rates, credit, fx, mortality, lapse) using quantitative and actuarial techniques
• Development of suitable approach documents for the presentation of a given transaction concept (e.g. presentations, illustrative models, introductory correspondence, technical notes)
• Develop, implement and improve risk-neutral pricing models for capital-markets-linked reinsurance transactions
• Build cashflow simulations, scenario engines and sensitivity frameworks using advanced stochastic methods
• Perform back-testing and assess transaction impacts on balance-sheet, regulatory and economic metrics
• Validate and enhance existing modelling approaches; design robust, production-ready tools and libraries
• Collaborative interaction with multi-disciplinary colleagues in the development of relief transaction concepts, including relevant content experts and origination partners
• Proposal delivery:
  • Presentation of solutions to clients at all relevant management levels with ability to proficiently communicate technical and strategic features of transaction
  • Dynamic ongoing interaction with relevant client personnel during client evaluation processes, including explanatory follow up communication, investigation of previously unidentified transaction issues/blockers unearthed during exchanges, preparation of supplementary materials to support client evaluation
  • Evaluation of client corporate and personnel motivation circumstances to support MRM assessment of transaction engagement and execution probabilities

Key Skills & Experience:

• Degree in mathematics or physics (Master/PhD), insurance / financial mathematics
• 3+ years of relevant professional experience in the area of life reinsurance, life insurance, wholesale banking or related activities
• Deep understanding of stochastic calculus, derivative pricing and risk-neutral valuation principles,
• Comfortable working with complex models and large simulation frameworks; extreme attention to detail,
• Professional programming experience, ideally in Python, including model implementation, testing and automation,
• Exceptional presentation skills, particularly in the communication of complex ideas
• Fluent English speaker (other languages also advantageous)
• Strong analytical and conceptual skills
• Intrinsic motivation, commercial instinct, joy in deal making

This is a job posting from:

Munich Re Markets GmbH
Mandlstraße 3
80802 München