eFinancialCareers

• Company

  Standard & Poor's (Europe)

• Location

  UK-London

• Compensation

  not disclosed

• Position Type

  Employee

• Employment type

  Full time

• Updated

  01 Dec 2008

• eFC Ref no

  481666

Standard & Poor's is the world's foremost provider of independent credit rating, indices, risk evaluation, investment research, data and valuations. An essential part of the world's financial infrastructure, Standard and Poor's has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions

Standard & Poor's Insurance Ratings Group's Economic Capital Models initiative is aimed at enhancing our existing analysis framework. The end product is an advanced analytic framework that provides a more thorough understanding of an insurer's own Economic Capital Model. The findings will be incorporated in our analysis of insurers' financial strength.

We currently have an opening for a Director to be based in our London office, key responsibilities will be mainly to participate in the current evaluation of European Insurers' Economic Capital Models. This will include:
 

• Working on the definition of criteria that will then be used for evaluating the ECM.
• Assessing of methodologies used for modeling the various risks
• Reviewing of modeling economic assumptions and basis for development and update
• Reviewing of policyholder behavioral assumptions and basis for development and update
• Assessment of scenarios used in risk analysis and process for generating them.
• Assessment of modeling infrastructure and suitability for risk management processes.
• Development of views of economic capital that are consistent with existing Capital Adequacy Model
  

  ERM Analysis
  This successful applicant will also participate in the ongoing assessment of insurers' ERM capabilities, based on our criteria published in October 2005.
  
   

  Skills

  
  Exposure to Economic Capital Modeling with a leading insurance group or with an actuarial, accountancy or consulting firm, ideally as a project manager role in building/reviewing ECMs.
  Strong technical skills to be able to dialogue with insurer risk modelers should be accompanied by strong interpersonal skills, good oral and written communication, and the ability to work effectively in a multi cultural team oriented environment.