Internship in Capital & Risk Methodology with project work 80-100%, temporary for 4-6 months

We are a team of risk modelers in Group Risk Management, whose role is to develop and maintain Zurich’s economic capital and risk models, which are used for internal steering (Zurich Economic Capital Model, Z-ECM) as well as regulatory reporting (SST, Solvency II).

The objective of this role is to be part of the Z-ECM project team with the aim to further develop Zurich’s economic capital model, which is a key metric to measure our capital strength and return on capital and is widely used for risk-based decision taking by Group and business units alike. As part of the project we will additionally assess the implications of the revised SST framework and IFRS 17 on the Zurich’s economic capital model.

Your Role

Your main responsibilities in this project role will involve:

• Support development of concepts and methods, perform model owner validation and parameterization of key elements of the Z-ECM model, in particular:

  • Develop options and analyze implications of overall Z-ECM framework due to regulatory developments (Solvency II and SST) and IFRS 17
  • Enhance the aggregation methodology to capture the diversification between our various risk types
  • Review the approach to allocate required capital to risk types, business units and lines of business and run impact studies
• Support the embedding of the enhanced Z-ECM framework and related capital metrics into business steering
• Communicate and explain approaches and results to internal stakeholders

Your skills and qualifications for this project role will include:

• Student of quantitative finance, mathematics or related subjects
• Relevant experience ideally in the area of economic capital and risk modelling or related subjects
• Strong quantitative background
• Ability to present complicated subjects and to share knowledge within and across teams
• Pragmatic problem solver that can cope with imperfect world
• Project skills and team spirit
• MS Office and programming proficiency (in R)
• Critical thinking skills
• English essential, German is an asset

Additional Information

Primary work location is Zurich.

If you value an exciting and varied working environment and meet the above requirements, then our recruiter Dominique Josephine Vögeli is looking forward to receiving your application by clicking on the button “Apply online”.

You can find additional information about Zurich as an employer and about the candidate journey on our career site.

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Who we are

Zurich is a strong brand - more than 1.4 million Swiss customers place their trust in our products and services. Our 53,000 employees worldwide form the basis of our success, helping our customers in 210 countries and territories to understand and protect themselves from risk. In order to deliver our services, we offer our employees flexible working models and interesting opportunities for further training & development. As a Zurich employee you benefit from a multitude of advantages as well as a strong culture, characterized by acceptance, diversity and team spirit.

At Zurich we are an equal opportunity employer. We attract and retain the best qualified individuals available, without regard to race/ethnicity, religion, gender, sexual orientation, age or disability.

Information for recruitment agencies

Zurich accepts no unsolicited applications from recruitment agencies for this position. We therefore request that recruitment agencies do not submit any candidate documents neither via our employees nor through our online career portal.

We refuse any responsibility for unsolicited applications as well as any associated fees. Thank you for your understanding.

Primary Location:Switzerland-Zurich

Schedule:Full-time

Travel:Yes, 10 % of the Time

Job Posting:09/12/18

Unposting Date:Ongoing