Risk Analyst
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Job Location:
Philadelphia, PA - USA
Monthly Salary:
Not Disclosed
Posted on:
27 days ago
Vacancies:
1 Vacancy
Job Summary
KEY OBJECTIVE:
This person will focus on data analysis of Chubbs Cyber insurance products to support quarterly and annual deliverables for cyber product boards and risk committees. The role focuses on the use of Cyber catastrophe modeling to generate risk and exposure updates and provide useful insights to key decision makers requiring extensive data analysis and model validation. The candidate will also be involved in other enterprise risk responsibilities such as the preparation of Own Risk and Solvency Assessment (ORSA) reports. These responsibilities require a general understanding of the insurance industry an understanding of statistical model fundamentals and critical thinking skills to evaluate risk and modeling approaches.
Success requires a combination of technical skills sound analysis and the ability to identify and communicate business implications of results. Projects often require tight completion timelines and close attention to products are a combination of scheduled tasks with new project requests requiring prioritization and communication. Multiple projects may be ongoing at any given time so the ability to shift focus quickly from one project to another is necessary.
MAJOR DUTIES & RESPONSIBILITIES:
- Assist in the production of ERMs quarterly cyber risk accumulation analyses reports and presentations to various product boards and risk committees
- Run & analyze models perform sensitivity testing and validate results for business purposes
- Use Cyber Catastrophe models to produce probable maximum loss (PML) estimates
- Assist in creation of new models and event scenarios when needed
- Perform reinsurance treaty analyses to support the global reinsurance strategy
- Analyze validate and improve data quality throughout the data lifecycle
- Assist in preparation of Own Risk and Solvency Assessment (ORSA) for both internal management and regulatory filings at the Chubb legal entity level; update stress scenarios to reflect risk profile/external environment and suggest enhancements to the ORSA report as appropriate
- Increase automation of exposure analysis process e.g. increase efficiency of data accumulation process workflows and use of querying tools
- Collaboration with offshore analytics team to support risk accumulation analyses
Qualifications
- Undergraduate degree in a quantitative discipline (e.g. Mathematics Statistics Actuarial Engineering)
- Interest in Cyber risk and Cyber insurance products
- Good analytical skills with the ability to provide clear and concise verbal and written communications for analyses results and work products
- Ability to manage complex processes while completing projects and meeting deadlines
- Detail oriented with good organization skills an ability to proactively communicate and elevate issues while maintaining good documentation
- Strong understanding of Microsoft Excel PowerPoint and Word (including VBA macro skills and knowledge of data arrays and pivot tables)
- Experience with Python/R and SQL/Access is a plus
- Experience in the insurance industry financial services or related consulting firm in a quantitative or analytics role is a plus
Required Experience:
IC
Key Skills
- ISO 27001
- Microsoft Access
- Risk Management
- Financial Services
- PCI
- Risk Analysis
- Analysis Skills
- COBIT
- NIST Standards
- SOX
- Information Security
- Data Analysis Skills
About Company
Chubb Life has been in Egypt since 2003. Chubb Life is the international life insurance division of Chubb - the world's largest publicly traded property and casualty insurance company by market capitalization.
