Lead Quantitative Risk Strategist

1 week ago


Chesterfield, Missouri, United States RGA Reinsurance Company Full time
Position Overview

At RGA Reinsurance Company, our Global Risk Services team is dedicated to collaborating with our international workforce to ensure robust risk evaluation for informed decision-making that aligns with our strategic and financial goals. The Head of Quantitative Risk Management will assist the Executive Director of Global ERM Projects in overseeing RGA's Operational Risk Quantification Model, specifically designed to fit RGA's Operational Risk Taxonomy.

This position offers the flexibility of remote work.

Key Responsibilities
  • Conduct financial and statistical modeling of operational risk exposures.
  • Oversee and improve the data and risk quantification model platform along with the related analytics that support RGA's operational risk management efforts.
  • Collaborate closely with GRS and business stakeholders to collect risk quantification parameters necessary for model input.
  • Act as the GRS subject matter expert, gathering essential information for the risk decision model.
  • Document model assumptions, inputs, and rationale, effectively communicating them to various stakeholders.
  • Ensure alignment of the Operational Risk Quantification Model with the standards set by GRS' Model Risk Management Framework.
  • Lead enhancements to RGA's Operational Risk Quantification model as needed.
  • Represent GRS in discussions with senior management and leadership teams.
  • Deliver critical risk information and summarize outputs from the model, including risk dashboards.
  • Provide training and support to end-users and stakeholders to promote successful adoption and utilization of RGA's Operational Risk Quantification model.
  • Communicate the significance of risk quantification effectively.
  • Define and break down risk scenarios based on specific problems or objectives.
  • Identify and implement data-gathering techniques for risk scenarios.
  • Generate and clearly convey risk and reporting in quantitative (financial) terms.
  • Perform additional duties as assigned.
Qualifications
  • Bachelor's degree or equivalent experience.
  • Master's degree or equivalent in a highly quantitative discipline.
  • A minimum of 5 years of experience in quantitative risk management.
  • 5+ years of experience in risk, audit, or controls-related roles.
  • Experience in a modeling or validation capacity.
  • Proficiency in building and maintaining models for risk management decision-making.
  • Strong understanding of statistical methodologies.
  • Exceptional oral and written communication skills, with the ability to explain quantification techniques to a diverse audience.
  • Capacity to adapt to new methodologies and work under tight deadlines in a dynamic, results-oriented environment.
  • Expertise in probability theory, stochastic processes, statistics, partial differential equations, and numerical analysis.
  • Strong analytical and problem-solving skills.
  • Project management and organizational skills: adaptable and flexible.
  • Advanced capability to translate business needs and challenges into practical and accepted solutions.
Company Overview

Discover Reinsurance -
Learn about our history, purpose, partnerships, and industry recognition.

Discover Your Purpose -
Join a community committed to making financial protection accessible to everyone. Explore our work culture, diversity initiatives, career development opportunities, and employee benefits.

Discover RGA -
RGA Reinsurance Company is dedicated to providing financial protection solutions tailored to various situations, delivering global insights locally, and upholding our responsibilities within the industry.

The general pay range for this position is $ $ per year, with base pay varying based on job-related knowledge, skills, experience, and market location. RGA also offers an annual bonus plan and a comprehensive range of health, retirement, and other employee benefits.

#LI-MJ1 #LI-Remote

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