Actuarial associate

Highlight of the engagement opportunity- Nature of role: Full time- Number of years of experience expected: 0-2+ years- Areas of past experience preferred: Quantitative modelling, ERM, Risk modelling & management, time series modelling, regression analysis, quantitative analysis and actuarial modelling- Educational qualification expected: Pursuing graduation/Graduate/ Postgraduate- Additional qualifications/ certifications required: None- Minimum actuarial papers: 3-8 actuarial exams cleared/ Actuary certifications / degrees- 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, Python, C++, MSSQLKey responsibility areas:- Develop end to end functionalities for modelling macro-economic factors and market prices like Interest rate, Credit Spread, FX, Commodities and Volatility.- Adhere to development standards and protocols mandated by product organization.- Drive the day-to-day execution of assigned client projects.- Staying informed of latest developments in web applications and programming languages.- Opportunity to work across risk functions like market risk for the banking and financial industry, and monitoring of investment fund performance using automation- Develop stress testing models for financial risks- Design and build solutions on Basel Pillar I and Pillar II modelling on proprietary platform- Configure Pillar III disclosure reports for ICAAP and Risk appetite reporting- Demonstrate functional understanding and interface with clientele during engagements.- Conduct training sessions for end-users on the use of the Application and provide comprehensive documentation for ongoing reference.- Perform financial analysis and risk modelling using analytical tools like python.- Ability to analyze functional areas of a business and derive underlying risks for the business area- 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 Power Point.- 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 project streams.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 the following aspects before the selection process:- Demonstrate knowledge of Banking risks and quantification- Demonstrate knowledge of Basel accords on Banking risk management- Demonstrate proficiency in financial instrument valuation and risk assessment- Demonstrate proficiency in statistical, econometrics and time series analysis- Demonstrate proficiency in analytical coding languages like Python- 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 Va R- 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 Linked In In Mail to us, connect with us at or e-mail us at How to reach us:Should you wish to apply for this job, please reach out to us directly through Linked In or apply on our website career page -