Oh oh! Awesome! {$ msg.text $} ({$ msg.count $})

Internal Risk Model Validator

  • Application Deadline: Oct. 2, 2022
  • Oslo +1 more
  • Application Deadline: Oct. 2, 2022
  • Oslo +1 more

Do you have a experience from risk modelling? Are you keen on using your skills and knowledge in the global maritime industry? Would you like to ensure that Gard makes decisions based on reliable input? Then look no further.

We are looking for an Internal Risk Model Validator who can control and challenge the methodology and output of the internal risk capital model. The Model Validator will be part of the Controlling department and candidate is expected to participate in financial planning, performance management and capital management, in addition to model validation.

The internal risk capital model is widely used in Gard as a tool for estimating risk, monitoring capital adequacy, and as a basis for central decisions regarding risk and capitalisation. In addition, Gard is one of only two Norwegian insurers to have obtained approval from the Norwegian FSA (Finanstilsynet) to use the internal model for regulatory purposes.

Key responsibilities;

  • Monitor the internal model's performance
  • Perform independent quantitative and qualitative validation of the internal model’s results, governance and documentation on a regular and ad-hoc basis
  • Being able to demonstrate to the governing bodies and supervisory authorities that the results are appropriate
  • Keeping up to date on industry standards and regulations
  • Assess whether changes in the global risk picture may be relevant for the risk model
  • Communicate the results of model validation activities, model limitations and uncertainties to key stakeholders
  • Ensure that system qualification and process validation are in accordance with the relevant quality requirements
  • Document work process and results through formal model validation reports
  • Participate in capital management processes, such as assessing capital structures and the use of capital throughout the group and coordinate and follow up vis-à-vis our rating agency

Who are you;

  • You have excellent quantitative and analytical skills, along with an ability to apply those skills across a variety of business processes
  • You have a good attention to detail and at the same time ability to see such details as part of the bigger picture
  • You have a background as an analyst, statistician, actuary, or economist
  • You are able to build and maintain strong working relationships with colleagues and externals
  • You have strong communication skills both orally and verbally, and are comfortable with using English as a working language
  • You have an interest in continuous learning and personal development
  • Knowledge of Solvency 2 and/or Basel regulations might be considered an advantage.

Work with great people

Senior Claims Executive | Location: Bergen
"The potential for personal development is excellent"
Vice President, Defence London | Location: London
"I have an amazingly varied role. Gard is a forward looking company"
Customer Support Specialist | Location: Hong Kong
"In Gard you continue to learn, everyday"
Senior System Engineer| Location: Arendal
"We are diverse, but tightly connected"

Great Place to Work

  • Friendly atmosphere

  • Career opportunities within a global market lead

  • Work life balance

  • An environment that encourages ideas

  • Colleagues who believe in knowledge sharing

  • A work environment with deep competencies

  • High employee engagement - A great place to work

About the company

For more than 100 years Gard, one of the world’s leading marine insurers, has been helping the marine industries to protect their assets and safeguard their income. Having expanded from our origins in southern Norway to a network of 13 offices across the globe, we have witnessed the impact the sea can have and have learnt a thing or two.

Despite our breadth and depth of experience and expertise, we try to learn something new every day to prepare our Members and clients for their next journey, and to find and deliver the right solutions. So, whenever the unexpected arises it is good to know that someone is ready, willing and able to assist; someone with expertise that has been refined for over a century.

It is not just what we do, but how we do it that delivers the best value in the market – matching our expertise with an unrivalled commitment to what we do. We will turn every stone to find a solution and see it carried through.

Such ability and dedication is rare, so we take great care in choosing, training and supporting our employees. The way we see it, our people are the difference between good and great.”

1907Assuranceforeningen Gard established on 9 October

1939Insures 40 per cent of the Norwegian tanker fleet

1958Starts to insure vessels outside Norway

1973Moves into the offshore energy sector

1983Sets up an office in London

2000Insures more than 5,000 vessels

2004Sole ownership of Gard Marine & Energy

20072007Celebrates its centenary with nine offices and 300 employees

2015Insured tonnage is in excess of 260 million gross tonnes

Roar Rasten | Contact Person

I'm interested

Oslo +1 more
Visit website