Capital Modelling Analyst

Arch Insurance Group Inc.; Greater London; On-site; GBP 65,000 - 90,000; Full time

Job summary

Arch Europe Insurance Services Ltd in London is seeking a modeling specialist to support parameterisation of the capital model. You will participate in meetings with subject experts and help build, maintain and run the capital model.

You will produce, interpret and develop model outputs for various audiences, including regulatory returns to Lloyd’s and the PRA, and contribute to validation and documentation to ensure an audit trail.

Responsibilities

• Assisting with the parameterisation of the model and participating in meetings with subject experts.
• Assisting with the build, maintenance and running of the capital model.
• Producing, interpreting and developing model outputs for various audiences and uses, including regulatory returns to Lloyd’s and the PRA.
• Contributing to the validation of the model through running validation tools and documenting results.
• Ensuring an audit trail and proper documentation of model changes.

Job description

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.

• Supporting the parameterisation of the model, including participating in meetings with subject experts.
• Assisting with the build, maintenance and running of the capital model.
• Producing, interpreting and developing model outputs for various audiences and uses, including reinsurance purchase, business planning and capital allocation.
• Assisting with the completion and submission of regulatory returns to Lloyd’s and the PRA.
• Contribution to the validation of the model through carrying out and interpreting the results of various validation tools.
• Assisting with the documentation of the model for internal and external purposes.
• Ensuring the model change process is embedded and a proper audit trail is kept.
• Identifying and improving efficiencies in existing processes and developing model enhancements.
• Assisting in the completion of the standard formula return.

14101 Arch Europe Insurance Services Ltd