Job Detail

As a Senior Modeling Specialist in the Insurance and Model Risk Management team, you will be primarily involved in the independent validation of Zurich Group’s internal models. Models in scope include capital and replicating portfolio models used for Solvency II and Swiss Solvency Test, as well as strategic models in valuation, pricing or risk selection.

It's an exciting time to be joining Zurich, so if you want to make a career move then we want to hear from you.

What you will do

As a SeniorModeling Specialist your main responsibilities will involve:

• Perform or delegate validation activities, including the implementation and execution of validation tools and tests


• Review and challenge the methodology and associated justifications provided by the model owners


• Identify, quantify and assess weaknesses and limitations of models,


• Provide model knowledge and insights, and advise on prioritization for model development and change processes


• Interact and cooperate with key stakeholders in the validation process,


• Document test results and produce validation reports


• Support management of validation projects, including planning, stakeholder management and report delivery


• Present validation results to senior management and relevant committees


• Support colleagues in their model validation activities


• Mentor and develop other professionals within Risk Management

What you will bring

As a Senior Modeling Specialist your skills and qualifications will ideally include:

• Master’s degree (or equivalent), PhD preferred


• Actuarial qualification is a plus


• Over 8 years of relevant work experience in the insurance or reinsurance industry, a consulting firm or a financial institution


• Solid experience in modeling for valuation and economic capital, including credit and investment risk


• Strong statistical, modelling and programming skills (R, VBA, Python)


• Excellent understanding of risk embedded in insurance or financial products


• Capability to work effectively on several projects in parallel in a dynamic environment


• Strong focus on execution and delivery


• Strong communication and relationship building capabilities


• Fluent English, both oral and written is a must

Are you interested in working for a company that values its people and put's its customers and employees at the heart of everything we do? Are you looking for growth opportunities beyond simply a career? Then Zurich could be just the place for you!

Our people are the heart & soul of Zurich. Together we are committed to delivering on our purpose - Let’s Create a Brighter Future Together! 

Our ambition is to become one of the most responsible and impactful businesses in the world. To get there we hire and develop the best talent available. With Zurich, you can expect to work on challenges that will help you grow and to collaborate with a diverse and inclusive global team. 

People are Zurich’s most important asset. Their varied skills, perspectives and experiences drive innovation. And they reflect the breadth and diversity of our customers, suppliers, communities and investors around the world. We are committed to attracting and retaining talented individuals from a variety of backgrounds and experiences. Zurich does not discriminate based on race, ethnicity, religion, national origin, sex, gender expression, gender identity, genetic information, age, disability, protected veteran status, marital status, sexual orientation, pregnancy or other characteristics protected by applicable law. 

• Location(s):  CH - Zürich 


• Remote working: No


• Schedule: Full Time


• Recruiter name: Christopher Parkinson


• Closing date: