Risk Modelling Senior Analyst

TN United Kingdom; City of Edinburgh; Hybrid; GBP 45,000 - 80,000; Full time

Job summary

An established industry player seeks a quantitative modelling expert to join their dynamic team. This permanent position involves a blend of technical development and stakeholder communication, contributing to the calibration of market risks and compliance with Solvency II standards. The role offers flexibility, allowing for a blend of remote work and collaboration in offices across Scotland, London, or Mumbai. Ideal candidates will have a strong background in quantitative analysis, financial markets, and programming in Python or C++. Join a diverse workforce committed to inclusivity and innovation, where your skills will play a vital role in shaping financial solutions.

Benefits

Flexible Working Arrangements

Workplace Accommodations

Diversity and Inclusion Programs

Qualifications

• 3+ years experience in quantitative modelling within finance.
• Strong knowledge of financial markets and multiple asset classes.

Responsibilities

• Collaborate with colleagues to enhance controls and reduce operational risk.
• Develop economic methods for valuing options and calculating capital.

Skills

Quantitative Modelling

Financial Markets Knowledge

Python Development

C++ Development

Statistical Methods

Education

Bachelor's Degree in Finance or Mathematics

Professional Designations (CFA, FRM)

Tools

Stochastic Models

Job description

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Client:

M&G

Location:

Edinburgh, United Kingdom

Job Category:

Other

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EU work permit required:

Yes

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Job Reference:

38b2470323d0

Job Views:

12

Posted:

28.04.2025

Expiry Date:

12.06.2025

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Job Description:

We will consider flexible working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role.

Role

The individual should ideally bring multi-asset knowledge and quantitative modelling skills. The role will include a mixture of technical work (development work and business-as-usual) and communication with various stakeholders.

This is a permanent position, reporting to a Risk modelling Manager, which has a blended approach between working from home and our Scotland, London or Mumbai offices.

The wider Risk Modelling team is responsible for economic and market-related methods and assumptions used to place a value on benefits that M&G provides to customers and the assets used to back these liabilities, both on a best estimate basis and for the additional capital held to protect solvency under adverse events. In particular:

• The annual calibration of market and credit risks, as well as the dependency structure between risks , which includes collecting data, refreshing analyses, understanding changes, rationalising judgements and presenting conclusions and proposals to senior stakeholders.
• The refresh of team-owned Solvency II Matching Adjustment policies and the performance of compliance and monitoring exercises required by these policies.
• Maintaining the methodology for valuing M&G’s lifetime mortgage business in base and stressed conditions.
• Undertaking ongoing development to the methodology and tools which underpin the calibrations. This involves research and implementation of enhancements, with associated testing and communication. The implementation of new risk models requires interaction with Finance colleagues and the IT developers who own the underlying engine, as well as the users who run the tools.
• The production of regular market data packs , with responsibility for delivering accurate and timely reports to end users across M&G.
• The refresh of Solvency II Pillar 1 Group-wide Operating Standards for the production of Solvency II Own Funds and regulatory capital, including ensuring these keep up to date with change in the regulatory environment.
• The supporting of other asset-related reviews and projects .

Key Responsibilities for this role

• To work collaboratively with colleagues and take personal accountability to maintain and enhance controls you are responsible for to support improvement of the overall control environment, customers outcomes and a reduction in M&G’s operational risk.
• To continue the development of economic and market-related methods and assumptions used to, for example, value options and guarantees, calculate regulatory capital.
• To generate new ideas, make improvements to existing processes and manage expectations.

Key Knowledge, Skills & Experience

• 3+ years’ experience of quantitative modelling gained within the insurance, banking or asset management industry.
• Good knowledge of financial markets.
• Good knowledge of multiple assets.
• Good understanding of statistics and statistical methods (e.g. stochastic simulation, VaR methodology and back-testing).
• Good practical experience of development in Python / C++.
• The ability to implement novel technical solutions that are pragmatic, so they fit within business needs and produce analysis to support solutions.
• A track record of successful delivery in pressured environments with the ability to cope with competing demands.
• Experience of developing working relationships with key stakeholders.
• Experience of presenting findings and results, and building an understanding of audience-specific communication requirements.
• Professional designations such as CFA, FRM, FIA/FFA would be viewed as favourable.
• Experience with research and development of stochastic models is a strong plus.

Work Level: Experienced Colleague

We have a diverse workforce and an inclusive culture at M&G plc, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality or disability we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.