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Actuarial Analyst - EMEA Financial Risk

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Date Posted: May 9, 2022

Location(s): Dublin, IE

Company: MetLife

Job Title: Financial Risk Analyst

Job Location: Dublin

 

Metlife, Inc (“Metlife”) has helped generations of people around the world protect their families and finances. We are one of the world’s leading financial services companies, providing insurance, annuities, employee benefits, and asset management to our individual and institutional customers .

 

Our Dublin Office which is located in the City Centre, is the Operational Headquarters for our Western and Central Europe Region, in addition a significant number of our colleagues are focused on supporting our broader EMEA and Global functions. It is home to our Actuarial, Audit, Compliance, Finance, IT, Legal, Operations, Risk and Treasury Teams.

 

Role Value Proposition: 

The Risk function within MetLife helps the organization to identify, aggregate, measure, report and manage risks across the company. It is led by the EMEA Chief Risk Officer (‘CRO’), with a Central Team (in Dublin), and local teams operating in countries across EMEA. Central teams are responsible for Enterprise Risk Management and Risk Analytics, Governance and Reporting while the local teams mainly focus on operational and business risks.

 

The role is a central team role primarily focused on supporting the EMEA Risk Management organization in assessing and monitoring key financial risk and solvency exposures in the region, and reporting these to the EMEA Risk Committee, the MetLife EU Holding Company board of directors, Corporate Risk Management and other groups in the U.S. Home Office, and the Central Bank of Ireland as the supervisor for MetLife EU Holding Company. The role holder will work with the relevant legal-entity/sub-regional Chief Risk Officers and teams to support them in performing their equivalent duties efficiently and consistently, with particular focus on MetLife’s entities in Ireland; MetLife Europe d.a.c. and MetLife Europe Insurance d.a.c.

 

The role requires someone with a diverse set of characteristics including the ability to work under tight time constraints with limited supervision. This is a great opportunity for someone to gain exposure both to ALM / investments and risk management in an insurance context. It is a varied and challenging role, with significant potential for professional development, and you will also be expected to actively participate in ongoing projects / initiatives outside of your ‘BAU’ work.

 

    

Key Responsibilities:

  • Support capital and liquidity stress testing as required by MetLife Enterprise Group Risk and Treasury standards, with inputs from legal-entity and sub-regional Risk, Actuarial and Finance; facilitate reporting to the ALM Working Group, ALM Steering Committee, and Capital Management Committee. Identify and lead on enhancements to the frameworks as required.
  • Lead the setting of macro-economic stress testing assumptions for the region’s Own Risk & Solvency Assessments (ORSAs), in collaboration with the legal-entity CROs and Corporate Risk Management. Review, understand and challenge the results of the ORSA/stress testing projections.
  • Perform analysis of own solvency needs for the Solvency II entities in a consistent manner with support from the legal-entity Risk teams and aggregate as appropriate for the EU HoldCo. involving the relevant experts from Group Risk Management to address development needs and stay aligned with Enterprise methodologies.
  • Contribute to the quarterly consolidated risk reporting on credit risk, subsidiary solvency, and the ORSA for EU Group entities ; manage appropriate review by senior stakeholders (Corporate, EMEA, subsidiaries).
  • Provide standardised monitoring and analysis of financial market trends, risks, and support CROs to assess impact, in particular on solvency. Recommend region-wide mitigation and hedging strategies.
  • Become the go-to expert for market risk analysis and Solvency II Pillar 1 developments; ensure consistent application by the risk management teams across the region; monitor and assess regulatory developments that can potentially impact any of MetLife’s solvency assessment
  • Involved in the processes related to the identification, analysis and monitoring of emerging risks, in particular climate/environmental, economic and social risks. Contribute to the development of a climate risk scenario analysis framework, including research on current best practice and regulatory requirements, designing scenarios and related processes and interpretation and reporting of results.

 

Essential Business Experience and Technical Skills:

Required:

  • Excellent communication skills - both written and oral with the ability to explain complex subject matters to both technical and non-technical audiences so that issues are understood quickly, and stakeholders are suitably engaged
  • Ability to deliver robust analysis with utmost diligence and integrity; keeping appropriate records and documentation
  • Creative in developing approximations and build models through various phases; make complex analytical information available from a range of different sources
  • Able to work in a change culture with fast paced developments.
  • Able to work unsupervised, to meet deadlines and produce high-quality deliverables for top-management use; remain focused on the insight required by the business
  • Keen to play a role in EMEA expert-level discussions, working groups etc.
  • Presentation skills, including preparation of communication materials for different audiences
  • Confident and enthusiastic, inquisitive, willing to challenge and influence others at all levels

Preferred:

  • Financial-modelling expertise and desire to deepen knowledge
  • Knowledge of Solvency II framework
  • Trainee Actuary making good progress through the exams, ideally with majority of exams complete.
  • A broad understanding of Life & Pensions products

 

 

MetLife is proud to be an equal opportunity employer.  We are committed to attracting, retaining and maximizing the performance of a diverse and inclusive workforce. . It is the policy of MetLife to ensure equal employment opportunity without discrimination on any basis protected by law. We welcome applications from candidates of all backgrounds, ethnicities, genders, religions and sexual orientations.  We strive to find the best candidate for all positions and a diverse range of applicants ensures we widen our talent pool in order to achieve this.  Any applicants with disabilities and neurodiverse conditions, please do let us know about your reasonable adjustments to ensure that we can best meet your needs.

 

Travel

Negligible

 

Business Category

Risk Management Function

 

Number of Openings

1

 

At MetLife, we’re leading the global transformation of an industry we’ve long defined. United in purpose, diverse in perspective, we’re dedicated to making a difference in the lives of our customers.   

 

We ensure to reward and recognise our employees for their contributions and accomplishments at work.   We value our employees’ commitment to their work by offering a competitive and extensive compensation and benefits package. This includes 25 paid holidays, performance-based bonus, health insurance, income protection  and pension benefits. MetLife will also assist in the funding of professional fees for employees where it is relevant and aligned to your position within the organisation.  MetLife reserve the right to make a judgement on whether the subscription is relevant or not to your role as well as cease the payment at any time. This type of subscription will not incur “benefit in kind” tax

 

Bring your true self to work every day, receive the development and support you need to perform at your best, opportunities to advance your career and surround yourself with likeminded people. Join MetLife.

 

MetLife is proud to be an equal opportunity employer.  We are committed to attracting, retaining and maximizing the performance of a diverse and inclusive workforce.  It is the policy of MetLife to ensure equal employment opportunity without discrimination on any basis protected by law.

In order to apply for this position, you need the proper work authorization to work in the country where the position is located and not require relocation assistance.

For immediate consideration, click the Apply Now button. You will be directed to complete an on-line profile. Upon completion, you will receive an automated confirmation email verifying you have successfully applied to the job.

Requisition #: 124912