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CDI - CRO - Actuaire - Model Analysis

Date: Sep 27, 2021

Location: Paris, FR

Company: SCOR

     EMEA     

Paris France (FR) 

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CDI - CRO - Actuaire - Model Analysis 

Permanent 

Risk Management 

 

 

          About SCOR         

SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Using its experience and expertise, “The Art & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – in Life & Health insurance as well as in P&C insurance. Our specialist teams operate in over 120 countries, developing value added and innovative products and services and making long-term commitments to their clients, namely insurers and large corporations.
SCOR's aim, as an independent global reinsurance company, is to develop its Life and P&C business lines, to provide its clients with a broad range of innovative reinsurance solutions and to pursue an underwriting policy founded on profitability, supported by effective risk management and a prudent investment policy, in order to offer its clients an optimum level of security, to create value for its shareholders, and to contribute to the welfare and resilience of Society by helping to protect insureds against the risks they face.

 

- Department

Group Actuarial

 

- Job Summary

The Group Actuarial Department includes three units: Life reserving, Non-Life reserving and Model Analysis. The Model Analysis Team’s main mission is the independent validation of the internal model of SCOR used for the calculation of the Group and European entities’ SCR, the developemnet of the model risk management framework, and the coordination and review of the SCR calculed with the standard formula for some of the European entities.  It also has the mission to ensure continuous actuarial and regulatory intelligence, to conduct studies for the implementation of new regulatory standards or methodologies in the Group, implement standardized methods and procedures of assessment and management of risks for the entire Group.

 

Under the responsibility of the Deputy Head of Model Analysis

 

  • Participate in the work related to Solvency II standards: work in collaboration with the Internal Model, Risk Management, Finance and Business teams for the independent validation of the SCOR’s Internal Model as well as all the other quantitative topics, more specifically on issues related to Risk Aggregation and dependency modelling, Market Risks (Interest Rates, Spreads, Exchange Rates, Equity, Real Estate, …), Other Risks (including but not limited to Operational Risk, Credit Risk, Liquidity Risk), and the Data Quality across all risk modules. Participate in the definition and development of methods and tools required for the standard model and to various quantitative studies launched by the EIOPA or the supervisory authorities
  • Participate to the work related to the validation of other modules of SCOR’s Internal Model (e.g. Life Risks, P&C Risks)
  • Paricipate to the work related to the validation of other models than SCOR’s Internal Model
  • Perform research on various actuarial or transversal topics

 

- Key duties and responsibilities

You have the responsibility of:

  • In collaboration with the Internal Model teams, perform the independent validation work mainly on Data Quality, Risk Aggregation, Market and Other Risks but also possibly on Life and P&C risks (definition of the validation strategy, perform the validation work, write the corresponding validation reports, ...)
  • Participate to the development of the Model Risk Management (MRM) including the validation of strategic models at SCOR
  • Participate to the improvement of the validation process, validation approaches and tools; provide a technical support to the teams in charge of validation for the Group and the entities, and train them on the new methods and tools implemented.
  • Work in collaboration with Risk Management, Finance and Business teams on all Solvency II quantitative topics other than those related to the validation of SCOR’s Internal Model.
  • Identify and monitor, in collaboration with the technical departments of SCOR’s operating divisions, portfolio changes likely to modify the risk calibrations, perform specific work related to the new methodologies defined by Solvency II standards and participate in the improvement and development of methodologies and tools used for these studies.
  • Participate to the research work in order to improve mathematical and actuarial approaches used in the Group.

 

- Required experience & competencies

  • You have a minimum of two to five years of experience in insurance or reinsurance, ideally some experience on Market and Credit risks and/or Aggregation of Risks modeling areas.
  • Intellectual curiosity and proactiveness are key assets to succeed in this position. You enjoy teamwork and have good interpersonal skills.
  • You are proficient with the advance features of Excel, Access, BO.
  • You are excellent at Python and/or R
  • A first experience in reinsurance would be strong benefits for the position.

 

- Required Education

You hold a university or engineer degree with a specialization in Actuarial Science or financial mathematics