Actuarial Risk Modelling Assistant

2 weeks ago


Mumbai, Maharashtra, India M&G Full time
Job Title: Actuarial Risk Modelling Assistant

Job Summary:

We are seeking an Actuarial Risk Modelling Assistant to join our team in Mumbai. The successful candidate will be responsible for supporting the risk modelling team in setting out a description of the model, methodology, and proposed calibration assumptions for corporate credit spread, fundamental spread, and counterparty default for the purpose of M&G plc's Solvency II reporting.

Key Responsibilities:

  • Support the annual calibration of risk models, working through data analysis and updating result documents.
  • Develop and enhance Matlab, Python, and R-based calibration models used within M&G.
  • Develop, calibrate, and implement new or enhanced risk models for use in Solvency II.
  • Respond to technical queries, both internal and from model validation teams.
  • Accountability of BAU and Major Model Change (MMC) calibration timelines.
  • Gain knowledge of internal capital model, risk modelling framework, and guide team members.
  • Perform a checker role on the work of junior colleagues, supporting their learning and development.

Requirements:

  • 3-5 years of relevant actuarial experience.
  • Past experience of working on risk calibration is an added advantage.
  • A student member of the Institute or Faculty of Actuaries and/or Indian Institute of Actuaries with at least 7 exams.
  • Actively studying for and making satisfactory progress with the Institute/Faculty exams as defined in the Mumbai Actuarial Study Support Policy.

M&G Behaviours:

  • Inspire Others: Support and encourage each other, creating an environment where everyone can contribute and succeed.
  • Embrace Change: Be open to change, willing to be challenged, and able to adapt quickly and imaginatively to new ideas.
  • Deliver Results: Focus on performance, set high standards, and deliver with energy and determination.
  • Keep it Simple: Cut through complexity, keep the outcome in mind, and keep your approach simple and adaptable to every audience.


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