P&C Insurance & Model Risk Specialist, 80-100%

Do you see models not just as numbers, but as stories waiting to be challenged and improved? Ready to collaborate with experts across borders and drive innovation in risk management? Could your insights help guide decision-makers and influence the future of insurance?

As a P&C Insurance & Model Risk Specialist, you'll become part of Zurich's Commercial Insurance (CI) Risk team in Group Risk Management. In this role you will collaborate with global P&C insurance functions and Capital Modelling teams, supporting 2nd line reviews of insurance and model risk and independent model validation activities, and providing risk-based insights to stakeholders. You will help shape Zurich's risk culture and contribute to our reputation for excellence and integrity.

What you will do

• 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%

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

At our Quai Zurich Campus, our culture and our people are what set us apart. We thrive on face-to-face interactions that drive collaboration, nurture our unique culture, and amplify our success. Enjoy the best of both worlds with the flexibility to work up to two days remotely per week within Switzerland, allowing you to balance personal commitments while excelling in your career. Please discuss your flexibility needs with us during your interview., Zurich does not accept any applications from recruitment agencies for this position. We refuse any responsibility for unsolicited applications as well as any associated fees. Why Zurich At Zurich, we like to think outside the box and challenge the status quo. We take an optimistic approach by focusing on the positives and constantly asking What can go right? We are an equal opportunity employer who knows that each employee is unique - that's what makes our team so great!