Actuarial Associate

Highlight of the engagement opportunity

• Nature of role:

  Full time

• Number of years of experience expected:

  0-2+ years

• Areas of past experience preferred:

  Quantitative modelling, ERM, Risk modelling & management, time series modelling, regression analysis, quantitative analysis and actuarial modelling

• Educational qualification expected:

  Pursuing graduation

  /

  Graduate/ Postgraduate

• Additional qualifications/ certifications required:

  None

• Minimum actuarial papers:

  3-8 actuarial exams cleared

  /

  Actuary certifications / degrees

• Preferred geography of previous work experience:

  India / Europe / APAC / US

• Language requirements:

  Ability to write and speak fluently in English

• Application experience preferable:

  MS Excel, Python, C++, MSSQL

Key responsibility areas:

• Develop end to end functionalities for modelling macro-economic factors and market prices like Interest rate, Credit Spread, FX, Commodities and Volatility.
• Adhere to development standards and protocols mandated by product organization.
• Drive the day-to-day execution of assigned client projects.
• Staying informed of latest developments in web applications and programming languages.
• Opportunity to work across risk functions like market risk for the banking and financial industry, and monitoring of investment fund performance using automation
• Develop stress testing models for financial risks
• Design and build solutions on Basel Pillar I and Pillar II modelling on proprietary platform
• Configure Pillar III disclosure reports for ICAAP and Risk appetite reporting
• Demonstrate functional understanding and interface with clientele during engagements.
• Conduct training sessions for end-users on the use of the Application and provide comprehensive documentation for ongoing reference.
• Perform financial analysis and risk modelling using analytical tools like python.
• Ability to analyze functional areas of a business and derive underlying risks for the business area
• Construct model documents to concisely communicate model methodology, assumptions and results along with governance and mitigations for the risk area.
• Participate in peer-review sessions for constructed risk models.
• Effectively communicate results and conclusions using PowerPoint.
• Clear communication skills to drive day to day client management and highlight key project risk areas to the team.
• Lead and drive day-to-day execution of assigned client project streams.

Other important information:

• Work permit requirements:

  Either Indian Citizen or having valid work permit to work in India

• Period of engagement:

  Full-time position

• Probation period:

  6 months

• Compensation:

  Compensation varies depending on the skill, fitment and role played by the person. Compensation discussions will take place post the selection process.

• Leave:

  22 working days a year. Additional leaves for national holidays, sick leaves, maternity and paternity, bereavement and studies vary based on the city and country of engagement.

• Other benefits:

  Other employment benefits including medical insurance will be informed during the compensation discussion.

• Career growth for full-time roles:

  Acies believes in a transparent and data-based performance evaluation system. You are encouraged to clarify any questions you have with respect to career growth with Acies personnel you interact with during the selection process.

Selection process:

We seek to be transparent during the selection process. While the actual process may vary from the process indicated below, the key steps involved are as follows:

• Interview:

  There are expected to be at least 2-3 rounds of interviews. The number of interview rounds may increase depending on the criticality and seniority of the role involved.

• Final discussion on career and compensation:

  Post final selection, a separate discussion will be set up to discuss compensation and career growth. You are encouraged to seek any clarifications you have during this discussion.

Preparation required:

It is recommended that you prepare on the following aspects before the selection process:

• Demonstrate knowledge of Banking risks and quantification
• Demonstrate knowledge of Basel accords on Banking risk management
• Demonstrate proficiency in financial instrument valuation and risk assessment
• Demonstrate proficiency in statistical, econometrics and time series analysis
• Demonstrate proficiency in analytical coding languages like Python
• Understanding of products / exposures in the financial services industry (Banks / NBFC / Insurance)
• Requirements of Basel III, FRTB and ALM regulations for Banks.
• Knowledge requirements on various risk quantification models such as Linear regression and VaR
• Basic knowledge on a financial institution’s credit process, ALM process and treasury process to be able to effectively understand the risk areas for them.
• Financial statement analysis, balance sheet ratios
• Knowledge and understanding about capital adequacy, stress testing, behavioural modelling etc.

For any additional queries you may have, you can send a LinkedIn InMail to us, connect with us at https://www.acies.consulting/contact-us.php or e-mail us at careers@acies.consulting.

How to reach us:

Should you wish to apply for this job, please reach out to us directly through LinkedIn or apply on our website career page - https://www.acies.consulting/careers-apply.html