Ageas is a listed international insurance Group with a heritage spanning 190 years.
It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow.
As one of Europe's larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, Luxembourg, France, Portugal, Turkey, China, Malaysia, India, Thailand, Vietnam and the Philippines through a combination of wholly owned subsidiaries and long term partnerships with strong financial institutions and key distributors.
Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of over 40,000 people and reported annual inflows close to EUR 32 billion in 2016 (all figures at 100%).
For the Ageas Risk department, based in Brussels, we are looking for a Head of Model Validation.
The Head of Model Validation organizes an independent risk function providing an opinion of the adequacy of complex Solvency II models within corporate centre and the controlled entities, taking into account all aspects of the model, and during the whole model lifecycle.
The responsibilities will include among others:
Providing comfort about the calculations of the required capital and the technical provisions within Solvency II. These figures are crucial when senior management takes strategic decisions;
Delivering qualitative and exhaustive validation reports including a model opinion, which is adequately underpinned, addressing expectations of senior managers and of technical model stakeholders like the model owner, the modelling team and supervisory authorities;
Maintaining regular contacts with insurance supervisors represented in the College of Supervisors;
Assuring that validation reports cover the regulatory requirements for Solvency II models;
Assuring adequate coverage of the modelling landscape by prioritizing model assignments in the yearly Model Validation planning. Show flexibility in the assignment planning in order to coop with requests from supervisors;
Communicating adequately and in a timely manner with stakeholders of the model under assessment;
Building and maintaining a highly performant team and support them in deepening its insurance and modelling knowledge. Assure knowledge sharing within the team;
Organizing and controlling external support if needed;
Optimizing the validation policy, methodology and processes based upon your experiences with the validation activity.
You have a strong quantitative background (Actuarial Sciences, Master or PhD in Mathematics, Statistics, Physics, or Civil Engineer);
You have several years of working experience in the insurance sector;
You have relevant experience (6-10 years) in financial market practices and modelling;
You are a skilled communicator: able to communicate with all stakeholders to pass the right messages in an independent way;
You are deadline focused and can work under pressure;
You are an experienced people manager who can coach a highly technical team;
You are used to working in an international environment with different cultures;
You have a profound knowledge of English and a good working knowledge of Dutch and/or French.
Ageas values your talent and knows how to reward it. We offer you an attractive salary and fringe benefits. You will work in a stimulating international environment, with numerous opportunities for personal development. You will work independently within a dynamic team.
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