Quantitative Analyst, Internal Model
Date Posted: 04/11/2024
Location: London
Job Type: Full time
Apply NowWho are Just?
We’re a FTSE 250 Financial Services company who specialise in retirement solutions and right now, our world is moving pretty quickly. With the defined benefit buy in / buy out space growing each year, Just continues to annually grow its business by over £4bn of assets.
We are a purpose driven company with compelling and credible goals. Quite simply, we help people achieve a better later life. We achieve this by providing competitive and innovative products, services, financial advice and guidance to help our customers achieve security, certainty and provide them with peace of mind in retirement.
That’s who we are. We’re a company on a mission: to become a beacon for the entire retirement industry. Because we believe everyone deserves a fair, secure, and fulfilling retirement.
Purpose
We have a new and exciting opportunity for a Quantitative Analyst to join our Internal Model team here at Just. You will support the Head of Internal Model and Senior Actuaries in developing the methodology used to calculate the Group’s regulatory capital requirement and propose, design and implement technical developments to ensure that the methodology in the IM remains best practice for managing the business and compliant with emerging regulatory requirements.
You will be a key member of the Internal Model team assessing methodologies and optimising processes that inform capital decisions across the firm. If you’re looking for a capital role with the opportunity to leverage new technologies to drive innovation, efficiencies and influence positive change then we’d love to hear from you.
As a Quantitative Analyst, you will be expected to:
- Leverage new technologies to develop and maintain the Group’s Internal Model, to support Solvency II and IFRS balance sheets, risk appetite and the ORSA, including proposing, designing and implementing changes where necessary.
- Provide quantitative expertise to support the Capital Management function.
- Utilise modelling best practices to build out internal libraries & tools and ensure adherence to internal model risk policies.
- Keep up to date with internal, current and new industry trends in the Technology space and Regulatory environment.
- Coach and manage more junior members of the Internal Model team on projects
Skills and Knowledge
- Proven problem analysis and resolution skills
- Strong technical and analytical skills
- Strong verbal, written communication and interpersonal skills
- Proficient in the latest technology tools, including Python
- Understanding of the fixed income investment universe
- Ability to manage smaller defined projects
Experience
- Experience of utilising technological advancements to innovate and improve processes
- Recent experience of asset modelling, portfolio construction and optimisation
- Previous experience of statistical and stochastic models or wider internal model methodologies
- Experience of developing practical solutions to complex technical issues
- Previous experience in financial services, asset management, insurance, investment or investment consulting
Examples of key activities that can be expected in this role:
- Transform existing models onto new platforms using Python or equivalent modelling software. This will include components of the internal model, internal model risk calibration tools, and capital & balance sheet optimisation tools.
- Contribute to the delivery of the annual proxy structure review process to optimise efficiency
- Carry out the regular recalibration methodology and development of specific risk groups as part of the annual calibration of the Internal Model risks
- Prepare analysis to assess the capital model implications of Group projects, that identify risks, issues and opportunities that could impact the capital position
- Work with Actuarial Reporting, Systems and ALM teams to enhance the Solvency II reporting process.
Why Just?
We are committed to building a more sustainable business and have publicly committed to reduce our scope 3 emissions to Net Zero by 2050 and our scope 1 and 2 emissions to Net Zero by 2025. We’ve made good progress so far and encourage our people to make small and meaningful changes in their everyday lives, so that we can protect our planet for future generations.
Diversity, Equity and inclusion (DE&I) is a key priority for Just as part of our overall strategy and ensuring all of our people feel proud to work at Just. We have joined a number of initiatives including the Race at Work Charter, designed to improve outcomes for employees from underrepresented backgrounds. We also run a Reciprocal Mentoring scheme for employees from a BAME background, those with a disability and those who identify as LGBTQ+. There are multiple employee network groups, which champion issues including race, gender, social mobility and neurodiversity.
What’s clear about working at Just is that we care. We care about our customers, our purpose, our environment, inclusivity, wellbeing and most importantly - each other.