Carrière

Financial Risk Officer

Finance
Belgique

Ageas is a listed international insurance Group with a heritage spanning 190 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 50,000 people and reported annual inflows close to EUR 34 billion in 2017 (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 managing the Group’s Financial Risks, providing expertise towards Valuation & Financial Risk modelling, and contributing to the Group’s risk policy framework.

Your function

We are looking for a Financial Risk and Actuarial 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:

Financial Risk framework:

  • You contribute to the organization and execution of Ageas’ Group Financial Risk framework;

  • You actively support the Group level financial risk reporting (investment limits, total one obligor, liquidity risk, …);

  • You engage with the Financial Risk function in local companies in order to ensure consistency, the proper flow of information and the sharing of best practices;

  • You contribute to regulatory & internal reporting (Solvency II, IFRS, ICS …) as a subject matter expert.

Financial Risk & Life Valuation modelling:

  • You contribute to the methodological development of the Group’s models for economic capital (Solvency II Standard Formula and Internal Model);

  • You contribute to the Group’s Valuation model for Insurance Liabilities, with a specific focus on risk-neutral stochastic modelling techniques for valuing embedded options;

  • You contribute to the Group’s testing framework in order to validate model outcomes.

Projects:

  • You work on the development & roll-out of the Group’s IFRS 9 solution, with a specific focus on the Expected Credit Loss methodology;

  • You participate in the development of the Group’s valuation model for IFRS 17.

Your profile:

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

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

  • Prior experience & proven competence in implementing mathematical models in Excel VBA, more advanced programming languages like MATLAB, R, C/C++/C#, Python are a plus;

  • 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.