Actuarial Associate

3 weeks ago

Mumbai, Maharashtra, India Acies Full time
Highlight of the engagement opportunity
Nature of role: Full time
Number of years of experience expected: 0-2 years
Areas of past experience preferred: Risk modelling, time series modelling, regression analysis,
quantitative analysis and actuarial modelling
Educational qualification expected: Graduate/ Postgraduate
Additional qualifications/ certifications required: None
Minimum actuarial papers: 3-4 actuarial exams cleared
Preferred geography of previous work experience: India / Europe / APAC / US
Language requirements: Ability to write and speak fluently in English
Application experience preferable: MS Excel, VBA, Python, R

Key responsibility areas:
Opportunity to work across risk functions like market risk for the banking and financial industry, and monitoring of investment fund performance using automation.
Opportunity to work across risk functions like ALM, treasury, ICAAP, ERM, credit risk and market risk for the banking and financial industry.
Demonstrate functional understanding and interface with clientele during engagements.
Ability to analyze functional areas of a business and derive underlying risks for the business area
Ability to understand applications of time series and stochastic modelling in the BFSI sector.
Construct relevant risk models and validation work papers as per the engagement requirement.
Construct model documents to concisely communicate model methodology, assumptions and results along with governance and mitigations for the risk area.
Participate in peer-review sessions for constructed risk models.
Effectively communicate results and conclusions using powerpoint.
Clear communication skills to drive day to day client management and highlight key project risk areas to the team.
Lead and drive day-to-day execution of assigned client projects.

Other important information:

Work permit requirements:

Either Indian Citizen or having valid work permit to work in India
Period of engagement:

Full-time position
Probation period:

6 months
Compensation:

Compensation varies depending on the skill, fitment and role played by the person. Compensation discussions will take place post the selection process.
Leave:

22 working days a year. Additional leaves for national holidays, sick leaves, maternity and paternity, bereavement and studies vary based on the city and country of engagement.
Other benefits:

Other employment benefits including medical insurance will be informed during the compensation discussion.
Career growth for full-time roles:

Acies believes in a transparent and data-based performance evaluation system. You are encouraged to clarify any questions you have with respect to career growth with Acies personnel you interact with during the selection process.

Selection process:
We seek to be transparent during the selection process. While the actual process may vary from the process indicated below, the key steps involved are as follows:
Interview:

There are expected to be at least 2-3 rounds of interviews. The number of interview rounds may increase depending on the criticality and seniority of the role involved.
Final discussion on career and compensation:

Post final selection, a separate discussion will be set up to discuss compensation and career growth. You are encouraged to seek any clarifications you have during this discussion.

Preparation required:
It is recommended that you prepare on some of the following aspects before the selection process:
Understanding of products / exposures in the financial services industry (Banks / NBFC / Insurance)
Requirements of Basel III, FRTB and ALM regulations for Banks.
Knowledge requirements on various risk quantification models such as Linear regression and VaR
Basic knowledge on a financial institution's credit process, ALM process and treasury process to be able to effectively understand the risk areas for them.
Financial statement analysis, balance sheet ratios
Knowledge and understanding about capital adequacy, stress testing, behavioural modelling etc.

For any additional queries you may have, you can send a LinkedIn InMail to us, connect with us at https://www.acies.consulting/contact-us.php or e-mail us at careers@acies.consulting.

How to reach us:
Should you wish to apply for this job, please reach out to us directly through LinkedIn or apply on our website career page - https://www.acies.consulting/careers-apply.html

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