Actuarial Risk Modelling Assistant
2 weeks ago
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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