Carrière

Financial Risk Modeler

Finance
Belgique

Ageas is a listed international insurance Group with a heritage spanning almost 200 years.

It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow.

As one of Europe's larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, France, Portugal, Turkey, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines through a combination of wholly owned subsidiaries and long term partnerships with strong financial institutions and key distributors.

Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of over 45,000 people and reported annual inflows of over EUR 34 billion in 2018 (all figures at 100%).

Ageas Group Risk is based in Brussels & is composed of risk and modelling officers (M/F) with a variety of technical expertise and background.

You will be a member of the Ageas Group Financial Risk & Life Valuation team, with a focus on developing and maintaining the Group’s Internal Model for Market Risk, as well as contributing to the general Financial Risk framework.

Your function

We are looking for a Financial Risk professional with both a solid quantitative background, as well as good knowledge of financial markets and the insurance industry.

You will become part of a multidisciplinary team composed of financial and actuarial professionals whose main task is to ensure the development and embedding of Group models and policies related to Life Valuation, Life Underwriting Risk, and Financial Risk.

Your tasks will be situated in the following domains:

Internal Model

  • You perform model runs on a quarterly and ad-hoc basis, in a manner consistent with the requirements of our internal clients;

  • You perform testing of the model on an ongoing basis in order to validate the model’s outcomes;

  • You communicate openly & transparently on the model’s features, capabilities & properties in order to engage the wider Ageas community.

Development

  • You do quantitative research & formulate methodological approaches for forecasting financial risk factors relevant to a European composite insurer based on evolving model requirements;

  • You develop replicating approach for efficient valuation of life insurance liabilities with embedded options, including further research in advanced statistical techniques.

Implementation & Testing

  • You maintain and implement a Real Word Economic Scenario Generator, and are responsible for the supporting tools revaluation of the economic balance sheet, and the reporting of model outcomes;

  • You develop a suite of user friendly & transparent testing tools for testing & validating model outcomes;

  • You design & enhance a model test plan, and perform model testing accordingly.

Your profile

  • You hold a PhD or Master’s degree in a quantitative subject, e.g. (applied) mathematics, physics, civil engineering, econometrics, quantitative finance, actuarial science, or computer science;

  • You have 1 to 3 years of relevant working experience working in the financial industry (insurance, banking, asset management);

  • You have a knowledge of Financial Markets, Financial Valuation & Modelling, Market Risk Management, Financial Regulation (Solvency II, Basel III/CRD IV, …);

  • You possess prior experience & proven competence in implementing mathematical models in MATLAB, R, C/C++/C#, Python;

  • You are culturally aware and able to work in team with people with different backgrounds;

  • You have excellent communication skills, both written and orally and are able to present complex materials in a structured and comprehensive way;

  • You are strongly motivated to learn, proactive, flexible, dedicated and able to work on an independent basis;

  • You possess strong coordination, planning and organizational skills;

  • You are a result oriented problem solver;

  • You have an active (written and oral) knowledge of English and French or Dutch;

We offer

Ageas values your talent and knows how to reward it. We offer you an attractive salary and fringe benefits. You will work in a stimulating international environment, with numerous opportunities for personal development. You will work independently within a dynamic team.