£85,050 to £89,775 per annum
Croydon, London
Job Description
Stochastic Modelling Manager
Salary: £85,050 to £89,775 per annum
Location: Croydon
Tenure: Permanent
Our client is looking for a Stochastic Modelling Manager to ensure that they have an effective stochastic model for monitoring long-term risk (the Long-Term Risk Model (LTRM)). This new role acts in support of the Head of the LTRM, managing a small team of analysts. It will have primary responsibility for operating, maintaining and developing the model with agreed processes and control frameworks.
Our client has characteristics of a credit insurer, life insurer, pension administrator and asset manager and is not subject to regulation by the PRA or the FCA. So they''re looking for an applicant who can think about the risks they face and industry practice and deliver an approach to modelling that is innovative and appropriate for their business.
This is an exciting time for stochastic modelling at the Company, as they are engaged in a project to re-platform the LTRM on a modern modelling platform with high-quality standards of governance, and will shortly embark on a model development programme to support the next phase of their funding strategy.
The team this position leads will act as the stochastic modelling experts for the Company. They will provide guidance on technical modelling assumptions, simplifications and limitations, contribute to the creation and maintenance of the LTRM''s development plan for its continual improvement and oversee the delivery of those improvements. They will assist in the benchmarking of model performance and approach against industry best practice.
Their ideal applicant will have extensive experience in operation, development and maintenance of complex stochastic models from within a financial services environment. They will be comfortable presenting advice and making recommendations to all sorts of audiences on modelling methodology and assumptions and be familiar with planning work for themselves and others.
If you are looking for an opportunity that will give you the flexibility to be innovative and not follow the rule book then this could be the position for you.
Sound like you? Apply now.
Now is a really exciting time for them. They''ve got big plans for 2019, and beyond, and they''d love you to join them.
In return for your skills, experience and commitment they''ll give you a challenging role in a dynamic business where you''ll get the support you need to develop your career in a vibrant environment. And of course, you''ll also get a competitive rewards package.
They are a Disability Confident Employer. If you have a disability and meet the essential criteria for this role you will be guaranteed an interview.
They''re committed to being an inclusive employer and welcome applications from all.
They are happy to talk flexible working.
No agencies please.
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