Senior ALM Analyst

Review asset and liability risk exposures and assess their implications for investment and ALM strategy Develop ALM and investment strategies reflecting liability characteristics, market conditions, expected returns, capital, liquidity and other relevant constraints Provide the investment and ALM perspective on new Life products, transactions and other growth initiatives Design and assess investment and hedging solutions using different asset classes and derivative instruments Evaluate portfolio positioning, asset allocation alternatives and the effectiveness of proposed hedging strategies Understand and critically assess the methodologies, assumptions and limitations underlying actuarial and risk model outputs Perform targeted quantitative analysis and sensitivity testing to support recommendations Work with Group and Local Investment Management, Actuarial, Finance and Risk teams to support effective ALM decision-making Present clear, well-documented recommendations to senior stakeholders and governance bodies Work location is Zürich.

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.

• Master’s degree or equivalent in Actuarial Science, Mathematics, Statistics, Econometrics, Finance or another quantitative discipline

• A recognized actuarial qualification, CFA or FRM qualification is beneficial, as is knowledge of programming languages

• At least 10 years of relevant experience in ALM, Investment Management, actuarial, Life insurance, insurance risk or capital management roles

• Strong understanding of financial markets, asset classes and investment strategies, including fixed income and derivative instruments

• Experience assessing asset allocation and hedging strategies in the context of liability profiles, risk appetite, capital and liquidity constraints

• Strong understanding of insurance liabilities and their behaviour under different economic conditions, particularly for Life insurance products

• Ability to translate liability exposures and quantitative analysis into practical investment and hedging recommendations

• Strong knowledge of insurance solvency and regulatory capital frameworks, such as SST or Solvency II

• Ability to understand and constructively challenge model methodologies, assumptions and limitations

• Strong analytical judgement and communication skills, with the ability to work independently and collaborate effectively with multiple stakeholders