Internal Model Manager

Job title: Internal Model Manager

Company: Allianz


Job description: Job Title: Internal Model ManagerFitness & Probity Classification: CF2Role Type: PermanentPosition Reports To: Head of Quantitative Risk ManagementDepartment: Risk ManagementLocation: Maple House, Blackrock DublinMain Purpose Of Job:The position holder is required to support the Quantitative Risk Management Team as the owner of the Internal Model.Responsibilities will include some or all of the following:

• Act as Internal Model Owner
• Provide subject matter expertise in relation to ESG’s, hedging and general risk exposures, ensuring all models are consistent
• Lead the controlled production of Solvency II capital calculations analysis and projections
• Provide ongoing support and development of models to ensure risk exposures are appropriately captured
• Lead the internal model validation process to ensure its ongoing appropriateness
• Produce and maintain Internal Model documentation to Solvency II required standards
• As a senior member of the Risk team, assign tasks and review output of junior team members
• Contribute to the production of risk management communications for the business, including risk dashboards, risk committee papers and regular ad-hoc communications
• Lead production of comparisons between the Standard Model and Internal Model
• Act as point of contact to Group Risk modelling teams
• Develop analytic tools to enhance the ability to explain risk exposures and SCR requirements
• Support the team in meeting risk function deliverables under Solvency II
• Support the risk function in wider risk management activities and project

This job description shall not limit the duties which may be assigned to this role. The successful candidate shall be required to perform on a temporary or permanent basis such additional or different duties that the Company may reasonably assign to them from time-to-time.Key Performance Measures:

• Accuracy and attention to detail: The work undertaken is technical and requires calculations and workings to be conducted within a controlled environment. Communication of results requires accuracy, attention to detail and importantly tailoring work to the needs of the recipient. A primary measure of performance is how the individual delivers on these requirements. The position holder is expected to display the skills of questioning, spotting errors and explaining results – taking ownership of the quality of delivery.
• Productivity: (i) Proactively seek to increase own level of output and team contribution (ii) Meet delivery times while maintaining accuracy (iii) Share workload evenly with other team members – particularly at busy times.
• Risk Management evolution: The risks faced by AGL continue to evolve particularly in different market environments – the position holder is expected to proactively contribute to the ongoing development of risk identification, modelling and mitigation.
• Personal Development: Show initiative and certainty – take the steps to drive work forward, propose solutions. Build a respected personal profile within the company.

No. of Direct Reports: 0Key customers:Internal:CRO, Head of Quantitative Risk Management and others in the Risk Management Team.Managers and staff from other teams as required.External:Group Risk particularly relating to the Internal ModelExternal consultants engaged regarding the Internal ModelModelling consultants eg. Oliver WymanBusiness Competencies:Education & qualifications

• Qualified Actuary

Professional Competence

• Position holder required to deliver high quality output expected of an actuarial qualification holder. Efficiency of personal output and contribution to the overall team are key aspects to concentrate on.

Product and Technical knowledge

• Position holder needs to display excellent product knowledge in order to ensure that the Internal Model remains appropriate to the business of AGL. This knowledge should be actively shared to benefit all members of the team.

Management

• Indirect people management is required. Ensure that the Internal Model is understood by team members using it and that it is efficiently run during production times. In addition a key skill required is to manage own work load and contribute to team workload management.

Commercial Awareness

• Understanding of AGL’s products, how they are sold, why policyholders buy them and the alternatives offered by competitors is a requirement of the role.

Personal Competencies:Personal impact

• Position holder should display a leadership presence within the team.
• Continually enhance their contribution to the risk management function.
• Ensure maximum efficiency in all team interactions – focus on the required team output at all times.
• Attention to detail is critical.

Intellectual effectiveness

• Position requires significant technical actuarial and other financial knowledge. As a senior member of the team the holder is expected to actively contribute to the ongoing development of team knowledge and abilities.

Communication

• As a senior member of the team all communications whether written or oral are expected to be of a high standard. Of critical importance is tailoring of communications to the needs of the recipient. Efficiency in producing first draft communications is a key requirement.

Stakeholder Management

• Position requires an ability to deal with stakeholders at all levels of the organisation. Self-awareness is required in such dealings ensuring that a cohesive and consistent risk team message is always delivered.

Fitness & ProbityConduct to be honest, ethical and to act with integrity

• Demonstrate honesty and integrity

Financial Soundness

• Demonstrate financial soundnes

79325 | Actuarial | Professional | n.a. | Allianz Global Life | Full-Time | PermanentAllianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.
We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in.
We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.
Great to have you on board. Let’s care for tomorrow.

Expected salary:

Location: Blackrock, Co Dublin

Job date: Sun, 03 Aug 2025 01:03:50 GMT

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