Model Risk Analyst

All vacancies of AustraliaInsurance & SuperannuationModel Risk Analyst

VBA, C++, MATLAB or similar programming languages, SQL experience, Actuarial models, model risk management framework (ICCED)

Summary about this job

Actuarial

Company: AMP Services Limited

Location: Sydney

Work type: Contract/Temp

Salary: n\a

Phone: +61-7-1923-9024

Fax: +61-7-2145-6103

E-mail: n\a

Site:

Detail information about job Model Risk Analyst. Terms and conditions vacancy

Senior Model Risk Analyst -  5 Months Fixed Term Contract

  • Circular Quay location next door to public transport
  • We value Diversity

About the role

The key purpose of this role is to lead the development and maintenance of innovative model risk management frameworks and techniques as well as creating efficiencies and synergies in solving common modelling issues and problems and increasing awareness and understanding of the model risk and compliance.

More specifically your responsibilities will include but will not be limited to:

  • Expanding the scope of model risk management framework (ICCED) to all teams within Group Actuarial
  • Reviewing and updating the ICCED framework to ensure that it remains relevant, effective and aligned with Group Model Risk Management policies
  • Drive model risk management activities and assessments within the North Guarantee
  • Perform ad-hoc model validation and modelling activities
  • Provide specialist advice on the ICCED Framework to the business
  • Review results and produce model risk management analysis for existing and new financial models
  • Perform model validations and work with external vendors and internal users to validate results and resolve inconsistencies
  • Ensure adequate deployment controls, version control and documentation of stochastic financial models

Tertiary qualification in a quantitative discipline: i.e., engineering, mathematics, statistics, physics, actuarial studies, finance including. University level mathematics is a requirement.

  • At least 2 years of relevant experience in model risk management and model validation plus VBA, C++, MATLAB or similar programming languages.
  • SQL experience.
  • Experience with Finance and Actuarial models and understanding of Actuarial Valuation process needs
  • Strong programming and financial modelling aptitude including problem solving
  • Configuration management.
  • Excellent customer focus and stakeholder management both within the AMP and external providers  
  • Excellent communication skills with effectiveness in managing complex technical language tailored to the characteristics and needs of the audience.

Understanding of and experience in some or all of the following will be looked upon favorably; profit and capital reporting for life insurers, structured products, guarantees and derivatives, asset-liability mismatch risks, the approaches to their measurement and management, risk management of complex investment products, Stochastic and deterministic valuation methodologies, analysis of profit, capital and profit at risk movements.

Our Business Unit

Our Wealth Protection team is accountable for the delivery of following key financial reporting items for the Wealth Protection business

Our culture

AMP is an organisation like few others. We enjoy a culture that recognises individuality yet encourages collaboration, giving real meaning to our work and making a difference to our people and our customers.

If you require further information, please contact Milica Radomir on 02 9257 5036

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