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Bangalore, KA, IN

Risk Analyst

Corporate Title: Associate 

Division: CRM-Group Risk Management (50002054)

Department: CRMX-Group Risks & Analytics (50007491)

Recruiter: Nisha Agarwal

Hiring Manager: Anuj Singhal

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About the Role

As a member of our team, you will have the opportunity to grow your own expertise in risk analytics and gain profound insights into our business. You will learn how Swiss Re selects risks and how senior management considers risk adjusted performance in business decisions.

You will be the key reference person for the generation and reporting of the financial market and credit risk numbers originated as part of the Internal model production process with a focus on the group and its associated entities. This involves:

  • Interact with data providers, stewards for procurement of data crucial for the estimation of risk numbers used for Swiss Re's internal and external reporting.
  • Responsible for running day to day operations related to the generation of risk metrics for various stakeholders reporting. Play a key role in the end-to-end reporting of asset risk for Group and its business unit including tier-1 entities by independently running internal model using proprietary tools.
  • Preparing detailed analysis of change commentaries of the quarterly/annual performance of the asset portfolio attributing movement to various parameters such as interest rate, inflation, equity, foreign exchange and credit spread levels.
  • Analyzing asset charge using various risk metrics like VaR (value at risk) and Shortfall by running internal models using historical time series data in MATLAB.
  • Preparing pitch presentations for management benchmarking asset class level development of risk against industry peers.
  • Act as an internal consultant to asset management, treasury, and investment teams in analyzing asset level performance by running simulation impacts of potential investments.
  • Interact and coordinate with risk modelling team over issues related to model maintenance and development.
  • Responsible for communication with legal entity representatives over ad-hoc requests related to large transactions

The role is part of the Risk Aggregation & Analytics (RAA) team, and you will report directly to the Head of RAA, Bangalore. You will collaborate closely with the Risk Modelling team in Zurich as well as colleagues from the different legal entities, e.g., finance, risk Asset management and IT teams.


About You

  • A proven track record in a quant, analytical or financial risk environment.
  • 2-6 years of relevant industry experience including exposure to international financial markets, preferably across several lines of asset class.
  • Strong analytical skills, supported by practical experience in MS Excel, SQL, MATLAB or other programming languages.
  • Experience in working with financial data, credit risk metrics like EL, PD and LGD. Knowledge of key risk metrics like VaR, ES (expected shortfall), standard deviation.
  • Broad understanding of SST, Solvency II and other major insurance regulatory capital regimes a plus
  • Broad understanding of various accounting regimes that apply to insurance companies, their assets, and corresponding liabilities.
  • Experience with reinsurance structuring and knowledge of the different forms of reinsurance would be a plus
  • Bachelors/Masters in a relevant technical discipline: Computer Science; Math; Statistics; Engineering; Science; from top tier institutes
  • Professional Certifications such as actuarial qualifications, FRM, CFA or progress toward a plus


  • Good communication and interpersonal skills.
  • Strong analytical skills as well as high interest in quantitative tasks.
  • Self-starter with the ability to work with multiple stakeholders in an international, multi-cultural and diverse environment.


About Swiss Re


Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work.



Reference Code: 123439 



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