Sr. Analyst Quantitative & Risk Analytics 4B

Overview

Support a large global insurance company across its capital regime framework, focusing on interpretation and change implementation. The Senior Consultant (Band 4B) acts as reviewer, quality controller and process lead, ensuring high-quality, audit-ready outputs while guiding junior team members.

What you'll do

• Execute quarterly Solvency II capital calculations across Standard Formula and/or Internal Model components under established methodologies.
• Perform detailed capital calculations for key risk modules, including Market Risk (interest rate, equity, spread, currency, concentration), Credit Risk (counterparty default, credit migration), Underwriting Risk for Life and/or Non-Life portfolios, and Operational Risk using prescribed methodologies.
• Support calculation of Loss-Absorbing Capacity of Deferred Taxes (LAC DT) and technical provisions.
• Assist in risk aggregation, diversification and correlation adjustments as part of SCR computation.
• Prepare draft Quantitative Reporting Templates (QRTs) and supporting analysis for capital-related submissions.
• Conduct first-level data checks, reconciliations, and validation of capital inputs and outputs.
• Maintain detailed documentation including calculation files and methodological documentation.
• Support stakeholder queries by providing data extracts, explanations and supporting evidence.

What you'll need

• Bachelor's or master's degree in Actuarial Science, Finance, Economics, or related fields.
• Understanding of insurance regulatory frameworks and capital governance.
• Ability to assess and improve regulatory processes across the organization.
• Proficient in preparing process narratives and high-quality working papers.
• Strong analytical abilities with the capability to interpret complex evidence and identify root causes.
• Excellent written and verbal communication, including report writing and issue drafting.
• Ability to work on multiple assignments simultaneously and manage deadlines in a global delivery model.
• Proficiency in MS Office (Excel, Word, PowerPoint).
• English language proficiency at Upper Intermediate (B2) level.

Nice to have

• Professional certifications such as Actuary, FRM, CFA or MBA (not mandatory but strongly valued).
• Experience in Solvency II Directive and Delegated Acts.
• Experience with insurance capital concepts and risk drivers.
• Experience with risk and compliance, capital modelling and cashflow mechanics, including stochastic and deterministic cashflow generation, projection logic, discounting frameworks, and linkage to BEL, Risk Margin and SCR under Solvency II.
• Ability to articulate how market, credit, lapse, mortality and expense shocks propagate through valuation models and impact SCR, Own Funds, diversification effects and solvency ratios.
• Theoretical or working knowledge of full revaluation vs sensitivity-based approaches, nested simulations, proxy models, Monte Carlo methodologies, and aggregation/correlation structures within Internal Model and Standard Formula frameworks.
• Familiarity with reporting tools such as PowerBI, GRC tools, and regulatory reporting platforms (Wolters Kluwers, Axiom etc) or workflow systems.

Details

• Location: Infospace IT Park, Tower 4, Jharsa, Gurgaon, India.
• Work mode: Office.
• Job type: Regular.
• Shift: Flex Time (India).