Senior Risk Analyst

Senior Risk Analyst – Analytical & Data Services, Noida

Analytical & Data Services team provides an integrated suite of data and analytical services and solutions based on RMS’ catastrophe models, that global insurance and reinsurance clients rely on for making decisions on underwriting, portfolio management, capital management and risk transfer. The team works with exposure data of a majority of Fortune 500 corporate accounts, analysing the quality of data, assessing clients’ exposure to catastrophic events, and providing insights on loss drivers and distributions, using RMS models. Analysts on the team specialize in data interpretation, data analytics, data quality, financial policy structures, and a deep understanding of sophisticated catastrophe models of perils including earthquake, hurricane, and terrorism.

As a Senior Risk Analyst, you will be responsible for the quantification of catastrophe risk using a variety of databases and RMS models for a client portfolio. The person will be required to understand client requirements for exposure and loss analytics, configure an analytical solution, and report/ present results from the analysis to underwriting and catastrophe modelling teams at insurance/ reinsurance companies.

Key Accountabilities & Deliverables

• Provide high quality analysis of exposures and losses to enable business decisions at the client-end.
• Understand the in-depth working of RMS models including database schema to conduct the appropriate analysis.
• Perform end-to-end account modelling including exposure preparation and enrichment and/ or Cedant/ Portfolio analysis.
• Assess the quality of input data and be able to highlight potential improvements.
• Generate relevant insights from modelled results for an analytically sophisticated stakeholder group.
• Support the client in understanding the analysis output and proving value-added observations and comparison summary.
• Document all aspects of a project, particularly focusing on the rationale for decisions and exceptions.
• Drive process improvements which increase utility or efficiency of analysis.
• Mentor new risk analysts including performing need-based quality assurance of their work.
• Interface with RMS client development and other technical teams on client engagements.

Skills:

• Strong analytical and problem-solving abilities.
• Strong database and data mining skills - working knowledge of Excel, Access, and SQL; VBA or VB.Net is an added advantage.
• Excellent written and verbal communication.
• Team player
• Mentoring and coaching skills.
• Desirable – Knowledge of Python, R languages

Requirements:

• E / B. Tech (preferably Civil/Mechanical Engineering) from IIT/NIT or other reputed universities.
• MBA Finance/Insurance/Operations Research or master’s in mathematics/Statistics/Operations Research/Economics from top-tier universities.
• 2-4 years relevant experience in risk analytics for P&C insurance, reinsurance, or insurance linked securities or business analytics
• Hands-on experience with catastrophe risk models will be an added advantage.
• Prior project / team management experience would be desirable.

About RMS

There’s a 1% chance an earthquake will cause $50 billion of insured loss within the next 12 months and a 5% chance that a hurricane will cause $60 billion of insured losses next year. At RMS, we turn risks into real numbers. How? By building simulation models that allow insurers and investors to understand and manage their global risks-from hurricanes, quakes, and wildfires, to cyberattacks, terror attacks, and pandemics. Why? We want to build a more resilient world, and we’re on a mission to help make every risk known.

Insurers, reinsurers, investors, financial institutions, governments, and NGOs trust RMS solutions to better understand and manage catastrophe risks. RMS was founded in 1989 by Stanford’s scientists who created our first model for California Earthquake. Today, RMS has some 1,300 employees across 13 offices in the US, London, Bermuda, Zurich, India, China, Japan, Singapore, and Australia, and over 1000 products and models now covering six continents.

RMS helped pioneer the natural catastrophe model market we now lead – and we continue to innovate. In May 2019, we announced RMS Risk Intelligence™ (RI), an open-standard platform for strategic risk management. Through this purpose-built platform, clients can tap into RMS HD models, rich data layers, intuitive applications and APIs that simply integrate into existing enterprise systems to support business decisions across underwriting, risk selection, mitigation, and portfolio management.

How we understand and manage risk affects everyone and our passion is nothing less than creating a more resilient world through a better understanding of catastrophic events. Join our team of leading scientists, developers, industry experts, and world-class professionals. Together, RMSers make a difference on a truly global scale.

Visit RMS.com to learn more and follow us on LinkedIn and Twitter.

RMS is proud to be an equal opportunity workplace. We are committed to equal employment opportunity without regard to race, color, creed, gender, religion, marital status, registered domestic partner status, age, national origin or ancestry, physical or mental disability, genetic characteristics, sexual orientation, or any other classification protected by applicable local, state, or federal law.

To all recruitment agencies: RMS does not accept unsolicited agency resumes and will not be responsible for the payment of placement fees related to unsolicited resumes submitted to open positions, job aliases, or to our employees.