Senior Financial Market Risk Analyst

Convex Insurance Ltd.; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading insurance company in London seeks a Senior Financial Market Risk Analyst to oversee investment portfolios and assess financial market risks. Candidates should have at least 3 years of financial risk experience, a graduate degree in a relevant field, and knowledge of risk management methodologies. Benefits include a competitive salary, 30 days annual leave, and private health insurance.

Benefits

Competitive Salary

30 days Annual Leave

10% Employer Pension Contribution

Private Health Insurance Medical Cover

Life Assurance Cover

£1,300 for learning & wellbeing

Qualifications

• Minimum 3 years of financial risk experience in insurance or actuarial consulting.
• Good understanding of Value-at-risk (VaR) and capital models like Solvency II.
• Progress towards Actuarial, CFA or FRM qualification is required.

Responsibilities

• Oversight of monthly and quarterly risk reports.
• Calibration of market and credit risk parameters.
• Support the independent risk opinion of the investment plan.

Skills

Financial risk experience

Understanding of investment fundamentals

Knowledge of risk management methodologies

Experience with quantitative risk modelling

Education

Graduate degree in financial modelling, economics, quantitative risk, actuarial or equivalent

Job description

Department: Risk

Employment Type: Permanent

Location: London, UK

Description Convex is looking for a Senior Financial Market Risk Analyst. The role will be based in London. Joining an innovative and exciting green field insurer/reinsurer, the incumbent will report to the Group Head of Financial Market Risk with the Financial Market Risk function covering the Convex Group and its risk-bearing legal entities.

The successful candidate will play a key role in the risk oversight of the Group's investment portfolios as well as any financial market risk arising from the business. The incumbent will work closely with the first line functions (capital modelling, analytics and investment management) to support and challenge how financial market risk is measured and modelled across the business.

Responsibilities

• Oversight over monthly and quarterly risk reports in line with the group and entity risk frameworks
• Oversight over the liability-based benchmarks for use at the Group level and entity level.
• Oversight over the calibration and validation of market and credit risk parameters for use in capital modelling.
• Contributing to quantitative and qualitative reviews of risk on a regular basis, including deep-dive analysis.
• Support the independent risk opinion of the investment plan.
• Oversight over the derivation and monitoring liquidity risk.
• Running the quarterly RCSA process including liaising with stakeholder first line teams.
• Supporting the ORSA reporting process from a market, credit and liquidity risk perspective.
• Assisting with risk reviews of new investment products and due diligence on new investment managers.
• Engaging with internal and external investment managers to share market insights and risk assessments.
• Maintain a strong relationship with the first line teams by attending regular meetings and staying on top of developments within those areas.

Qualifications

• Financial risk experience (minimum 3 years) in the context of an insurance company or actuarial consulting.
• Strong understanding of investment fundamentals, asset classes, sectors and principles behind deriving both systematic and non-systematic risk.
• Good understanding of risk management methodologies such as Value-at-risk (VaR).
• Good understanding of risk-based economic and capital models including Solvency II.
• Experience with quantitative risk modelling, ideally with some practical experience with stochastic risk models.
• Graduate degree in financial modelling, economics, quantitative risk, actuarial or equivalent.
• Making progress towards a relevant professional qualification (Actuarial, CFA or FRM).
• Prior experience of using Algo is an advantage.

Benefits

• Competitive Salary
• 30 days Annual Leave
• Birthday Leave
• 10% Employer Pension Contribution
• Private Health Insurance Medical Cover
• Group Income Protection
• Life Assurance Cover
• Enhanced Parental Leave
• Annual Health Check
• 3 days of Volunteer Leave each year
• 10 days of help with care (elder/ childcare) through Bright Horizons
• £1,300 to spend on learning & wellbeing
• Give as You Earn
• Cycle to Work
• Season Ticket Loan