Senior P&C Insurance & Model Risk Specialist

Support the independent quantitative Risk review and challenge of the 1st line activities in P&C; insurance functions, including decision-making, governance, assurance and model validation while supporting the development and maintenance of effective Risk Governance frameworks. Deliver independent top-down quantitative analysis and assessment of insurance risks, including targeted deep dive analyses, prepare reports and documentation. Deliver independent validations of P&C; related models including executing validation tests, identifying, quantifying and assessing weaknesses and limitations of models, preparing validation reports and documentation. Advise stakeholders with professional support, providing quantitative risk insights and business implications, and contribute to annual risk review and model validation plan, advise on prioritization of model developments. Support team members and perform peer reviews of insurance risk reviews, participate in group-wide projects to develop and enhance Zurich’s insurance and model risk management and contribute to reports for regulators, external auditors, and committees. Help develop and deliver training for Risk Management professionals, focusing on quantitative techniques, model validation standards, and statistical methodologies. Primary work location is Zürich. The travel requirement is up to 5%.

Zurich is a leading multi-line insurer, serving over 82 million customers in more than 200 countries and territories with more than 65,000 employees. For over 150 years, Zurich has been transforming insurance – offering not just protection, but also prevention services that promote well-being and climate resilience. Guided by our purpose to ‘create a brighter future together,’ we aim to be one of the most responsible and impactful businesses in the world.

• Bachelor’s or master’s degree in mathematics, Statistics, Finance, or equivalent

• Progress towards actuarial qualification (newly or nearly qualified in a recognized actuarial body)

• 5+ years of relevant experience in the insurance industry, ideally within P&C; and across multiple functions (e.g. pricing, reserving, accumulation management, capital management) with solid business acumen

• Good understanding of P&C; actuarial reserving, pricing, accumulation and capital modelling concepts (including SST/SII) as well as risk and statistical methodologies and data literacy, analytics and visualization skills; Understanding AI modelling techniques is an advantage

• Awareness of both risks embedded in insurance products and risks in models, related processes and underlying data

• Effective communicator and relationship builder, including with senior management; actuarial software/programming skills are an advantage. Mindset: curiosity, challenge, open to change

• Fluent English, both oral and written; other languages are an advantage