Financial Engineer

Financial Engineer

Insurance

Central London

A well established and widely known Insurance and financial services company is looking for a Financial Engineer to join their Risk Analytics Team. You will take part in defining and scoping model configuration, interfacing and enhancement work with the supplier, project managers and integration engineers. You will Implement reporting models and tools, and steer internal groups to deriving new pricing/risk management algorithms and approaches.

Main Duties:

  • Perform Analysis-of-Change (AoC) runs with group wide risk management system AlgoOne
  • Provide designs and assist with the business requirements gathering of risk management analytics functionality
  • Lead the steering of requirements for Business Unit what-if requests and action these using the AlgoOne system
  • Undertake setup and configuration of the Algorithmics and third party, troubleshooting, testing (functional) for original installation and system upgrades
  • Help and support integration engineers develop customised solutions and modules in a range of development tools
  • Monitor, check and support users in diagnosing problems with the various batch runs
  • Provide demonstrations, workshops, pilots and conceptual product discussions to enable requirements development
  • Create MI templates to provide flash overviews of the final results
  • Coordinate Business Units input data gathering process to ensure consistency
  • Input data gathering and calculation processes mapping and documentation
  • Advice team members and customers on complex issues surrounding risk management analytics

Skills Required:

  • Degree level or equivalent, in a technical or numerate field
  • Responsibility for the running and building of financial engineering work streams
  • Provision of designs and assistance with the requirements gathering of risk management analytics functionality
  • Proven ability to deliver solutions to technical and business problems using available technology
  • Understanding and ability to action requirements for Business Units’ what-if requests
  • Capacity to estimate, manage own work and keep within plan

 
Tech Skills Required:

  • Hands on use of Unix commands / file systems and shell scripting
  • Some software development experience and coding skills (Python, C++, VBA or other languages)
  • Source control, issue management software (Perforce, Subversion, JIRA)
  • Knowledge of software developments and/or support with the experiences of projects life cycles
  • Knowledge of BAU and the necessary attitude towards Live Production systems

 
Beneficial Skills:

  • Experience and understanding of economic capital calculation in a Solvency II context
  • Evidence of implementation of reporting models and tools, and derivation of new pricing / risk management algorithms
  • Knowledge of AlgoOne tools – especially RiskWatch