Sr. Analyst Quantitative & Risk Analytics
In this role, the Senior Consultant (Band 4B) plays a key role in supporting a Large Global Insurance Company across its capital regime framework, with a focus on interpretation and change implementation.
This role requires stronger judgment, deeper technical specialization, and the ability to independently execute and review complex regulatory reporting activities. Senior Consultants act as reviewers, quality controllers, and process leads, ensuring high-quality, audit-ready outputs while guiding junior team members.
Responsibilities
•Execute quarterly Solvency II capital calculations across Standard Formula and/or Internal Model components under established methodologies.
•Perform detailed capital calculations for key risk modules, including:
•Market Risk (interest rate, equity, spread, currency, concentration)
•Credit Risk (counterparty default, credit migration)
•Underwriting Risk for Life and/or Non-Life portfolios
•Operational Risk using prescribed methodologies
•Support calculation of Loss-Absorbing Capacity of Deferred Taxes (LAC DT) and technical provisions.
•Assist in risk aggregation, diversification and correlation adjustments as part of SCR computation.
•Prepare draft Quantitative Reporting Templates (QRTs) and supporting analysis for capital-related submissions.
•Conduct first-level data checks, reconciliations, and validation of capital inputs and outputs.
•Maintain detailed documentation including calculation files and methodological documentation.
•Support stakeholder queries by providing data extracts, explanations and supporting evidence.
Qualifications we seek in you!
Minimum Qualifications
•Bachelor's or master's degree in Actuarial Science, Finance, Economics, or related fields.
•Professional certifications such as Actuary, FRM, CFA or MBA preferred (not mandatory but strongly valued).
•Understanding of insurance regulatory frameworks and capital governance.
Preferred Qualifications/Skills
•Experience in:
•Solvency II Directive and Delegated Acts
•Insurance capital concepts and risk drivers
•Risk & Compliance
•Capital Modelling & Cashflow Mechanics: Strong understanding of stochastic and deterministic cashflow generation across assets and liabilities, including projection logic, discounting frameworks, and linkage to BEL, Risk Margin, and SCR calculation under Solvency II.
•Scenario & Stress Transmission: Ability to articulate how market, credit, lapse, mortality, and expense shocks propagate through valuation models and impact SCR, Own Funds, diversification effects, and solvency ratios.
•Capital Methodologies & Simulation Techniques: Theoretical/working knowledge of full revaluation vs sensitivity-based approaches, nested simulations, proxy models, Monte Carlo methodologies, and aggregation/correlation structures within Internal Model and Standard Formula frameworks.
•Ability to assess, and improve regulatory processes across the organization.
•Proficient in preparing process narratives, and high-quality working papers.
•Strong analytical abilities with the capability to interpret complex evidence and identify root causes.
•Excellent written and verbal communication, including report writing and issue drafting.
•Ability to work on multiple assignments simultaneously and manage deadlines in a global delivery model.
•Proficiency in MS Office (Excel, Word, PowerPoint), and familiarity with reporting tools – PowerBI etc., GRC tools, Regulatory reporting platforms (Wolters Kluwers, Axiom etc.) or workflow systems.
Qualifications
Bachelors - Business Analytics, Bachelors - Computer Science, Bachelors - Statistics, Masters - Data Science
Certifications
Financial Risk Manager (FRM) - LinkedIn Learning, Microsoft Certified: Azure Data Engineer Associate - Microsoft, Microsoft Certified: Azure Data Scientist Associate - Microsoft, Microsoft Certified: Fabric Analytics Engineer Associate (DP-600) - Microsoft, Professional Risk Manager (PRM) - International Business Management Institute (IBMI)
Required Skills
Audit Risk Assessments, Credit Risk Analytics, Operational Risk Assessment, Risk Analytics, Risk Management
Language
English (Required) — Language Proficiency: Upper Intermediate - B2
Job Type
Regular
Master Skill List
Quantitative & Risk Analytics
Remote Type
Office
Work Shift
Flex Time (India)
