Actuarial Associate - Mumbai, India - Acies

    Acies
    Acies Mumbai, India

    2 weeks ago

    Default job background
    Description

    Highlight of the engagement opportunity

    • Nature of role: Full time
    • Number of years of experience expected: 0-2 years
    • Areas of past experience preferred: Risk modelling, time series modelling, regression analysis, quantitative analysis and actuarial modelling
    • Educational qualification expected: Graduate/ Postgraduate
    • Minimum actuarial papers: 3-4 actuarial exams cleared
    • Additional qualifications/ certifications required: None
    • Preferable additional certifications: MS Excel, VBA, Python, R
    • Preferred geography of previous work experience: India
    • Language requirements: Ability to write and speak fluently in English

    Key responsibility areas:

    • Opportunity to work across risk functions like ALM, treasury, ICAAP, ERM, credit risk and market risk for the banking and financial industry.
    • Demonstrate functional understanding and interface with clientele during engagements.
    • Ability to analyze functional areas of a business and derive underlying risks for the business area
    • Ability to understand applications of time series and stochastic modelling in the BFSI sector.
    • Construct relevant risk models and validation work papers as per the engagement requirement.
    • Construct model documents to concisely communicate model methodology, assumptions and results along with governance and mitigations for the risk area.
    • Participate in peer-review sessions for constructed risk models.
    • Effectively communicate results and conclusions using powerpoint.
    • Clear communication skills to drive day to day client management and highlight key project risk areas to the team.
    • Lead and drive day-to-day execution of assigned client projects.

    Other important information:

    • Work permit requirements: Either Indian Citizen or having valid work permit to work in India
    • Period of engagement: Full-time position
    • Probation period: 6 months
    • Compensation: Compensation varies depending on the skill, fitment and role played by the person. Compensation discussions will take place post the selection process.
    • Leave: 22 working days a year. Additional leaves for national holidays, sick leaves, maternity and paternity, bereavement and studies vary based on the city and country of engagement.
    • Other benefits: Other employment benefits including medical insurance will be informed during the compensation discussion.
    • Career growth for full-time roles: Acies believes in a transparent and data-based performance evaluation system. You are encouraged to clarify any questions you have with respect to career growth with Acies personnel you interact with during the selection process.

    Selection process:

    We seek to be transparent during the selection process. While the actual process may vary from the process indicated below, the key steps involved are as follows:

    • Interview: There are expected to be at least 2-3 rounds of interviews. The number of interview rounds may increase depending on the criticality and seniority of the role involved.
    • Final discussion on career and compensation: Post final selection, a separate discussion will be set up to discuss compensation and career growth. You are encouraged to seek any clarifications you have during this discussion.

    Preparation required:

    It is recommended that you prepare on some of the following aspects before the selection process:

    • Understanding of products / exposures in the financial services industry (Banks / NBFC / Insurance)
    • Requirements of Basel III, FRTB and ALM regulations for Banks
    • Knowledge requirements on various risk quantification models such as Linear regression and VaR
    • Basic knowledge on a financial institution's credit process, ALM process and treasury process to be able to effectively understand the risk areas for them.
    • Financial statement analysis, balance sheet ratios
    • Knowledge and understanding about capital adequacy, stress testing, behavioural modelling etc.

    For any additional queries you may have, you can send a InMail to us, connect with us at or e-mail us at .consulting.

    How to reach us:

    Should you wish to apply for this job, please reach out to us directly through or apply on our website career page -