Associate and Engagement Manager – FRIAM (Finance & Risk for Insurers and Asset Managers) – 26881

TN United Kingdom; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a skilled professional to drive improvements in their Solvency II internal model development and enhance the efficiency of their ALM and investment processes. This role involves streamlining stress testing approaches and benchmarking credit risk measurement, all aimed at delivering better outcomes for the organization. If you have a strong analytical background and a passion for finance and risk management, this opportunity offers a chance to make a significant impact in a dynamic environment.

Qualifications

• Undergraduate or advanced degree from a top academic institution.
• At least 3 years of relevant experience, preferably with a top-tier consulting firm.

Responsibilities

• Support Solvency II internal model development and regulatory approval.
• Drive efficiencies in ALM and investment processes.

Skills

Problem-solving skills

Analytical capabilities

Communication skills

Education

Undergraduate degree

Advanced degree

Job description

Overview

Key duties (including, but not limited to):

• Supporting a leading specialist insurer with their Solvency II internal model development and regulatory approval, thereby saving them capital of approximately 15% of their standard formula level.
• Driving efficiencies and effectiveness of an insurance group’s ALM and investment processes through improvements in their measurement framework and operating model.
• Streamlining an insurer’s stress and scenario testing approach to enhance efficiency and robustness, leading to better outcomes in a timely manner.
• Benchmarking and improving an insurer’s approach to credit risk measurement, focusing on non-standard and illiquid assets within their Solvency II models.
• Redesigning an insurance group’s finance operations to reduce duplication and streamline organizational layers.
• Developing a transformation risk management framework for a global financial services conglomerate.

Qualifications required:

• Undergraduate or advanced degree from a top academic institution.

Experience required:

• At least 3 years of relevant experience, preferably with a top-tier consulting firm or large insurer.
• Knowledge of finance and risk management topics, including Solvency II internal models and ORSA.
• Strong problem-solving skills and analytical capabilities.
• Excellent written and verbal communication skills in both formal and informal contexts.