Karrier Portál

Quantitative Analyst (Economic Scenario Generation)

Budapest

Responsibilities

  • NN RAS (Risk and Actuarial Services) is a Centre of Excellence for NN Group, focusing on top quality and efficient solutions. We serve as an internal centre of consultancy, quantitative model development, automation and innovation. We support numerous departments at NN Head Office in the Hague (the Netherlands) and NN subsidiaries all over Europe.
  • Now we are hiring to extend our Economic Scenario Generation (ESG) team with a Quantitative Analyst.

What matters to us

  • We are definitely looking for you, if you recognize yourself in the following lines.
  • University degree in Financial Mathematics, Actuarial Sciences, Econometrics, Physics or related discipline
  • Affinity with mathematical modelling. Ideally, practical knowledge of financial derivatives, including the techniques to price them.
  • Minimum 2 years of work experience in a quantitative function, preferably in actuarial or financial field
  • Attention to detail, good analytical and communication skills in English, both oral and written
  • Practical and pro-active hands-on approach - you can combine rigorous mathematical thinking with a practical business flavour
  • Programming experience in Python and/or VBA is an advantage

What matters to you

  • Are you interested in the stochastic valuation of financial instruments? Do you have an analytical mindset and an eye for detail? Then you will certainly enjoy your daily tasks in the ESG Team!
  • Perform calibration of stochastic financial mathematical models of interest rates, equities, and FX rates, using current market data like swap prices, swaption volatility surfaces, equity indices, and FX rates
  • Generate risk-neutral economic scenario sets for regulatory purposes (Solvency II, replicating portfolio for NN Group’s SCR internal model, movement analysis and market-consistent valuations under IFRS)
  • Create non-standard risk-neutral and real-world scenario sets for pricing, ALM, ORSA and other regulatory purposes
  • Maintain and enhance end-user computing tools
  • Support the maintenance and development of the applied financial mathematical models
  • Consult with users and stakeholders, including Business Units and Head Office of NN Group, internal and external auditors, model validators

Advantages

  • NN RAS is not only providing you a job, but an environment to give your innovation ideas a route at a huge insurance company, having inexhaustible fields to develop
  • Challenging projects within an exciting multinational, yet familiar work environment
  • Competitive compensation package
  • Opportunity to partially work from home, also post-Covid
  • Plenty of opportunities to develop yourself: skills and personal development are high priorities at NN RAS
  • We care for employee satisfaction with high levels of empowerment, plenty of development opportunities, focus on healthy work-life balance and modern working conditions.

Required for application

  • In case you are interested in the position, please register and send your CV via our Career Portal.
  • Your files will be handled confidentially.

Details of position

Job ID: 2735
Position name: Quantitative Analyst (Economic Scenario Generation)
Place of work: Budapest
Job contract type: Permanent contract
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