Head of Quantitative Risk

Primary Details

Time Type: Full time

Worker Type: Employee- Head of Risk, Quantitative Analytics & models- Location: Sydney- Type: Permanent

Your part in a changing world

At QBE, our purpose is to enable a more resilient future.

We’re an international insurer and reinsurer with a local presence in 27 countries.

Leveraging our deep expertise and insights, QBE offers commercial, personal and specialty products and risk management solutions to help people and businesses manage risks, build strength and embrace change to their advantage.

We’ve been cultivating resilience since 1886, when our founders started a marine insurance company in Townsville, Australia to give early pioneers a safeguard against uncertainty.

Today, we employ more than 11,600 people around the world, and our product portfolio includes property, motor, crop, energy, marine and aviation insurance.

The opportunity

As the Head of Quantitative Analytics & models, reporting into the Group Head of Financial Risk Management, your role will be accountable to lead the quantitative risk analytics and modelling centre of expertise (COE) for FRM strategy, execution and effectiveness across the QBE Group.

This includes strategy and capability for modelling, validation and reporting outcomes, and enablement of Line 1 across QBE of FRM risk types (ie Credit, Market and Liquidity Risks.

The role will proactively monitor and respond to both changes in organizational procedures and regulatory requirements and identify opportunities for continuous improvement through review and challenge of QBE FRM Risk.

This role is the Strategic Risk quantitative risk analytics and modelling lead to FRM and accountable to drive an appropriate risk management culture and build capability in senior Line 1 stakeholders.

A day in the role will see you:
- Lead the development and implementation of quantitative modelling, risk data analytics and validation strategy, relevant policies, frameworks and controls, with appropriate engagement, influence and change management across FRM and Risk Function- Set direction and organise yourself and others to identify, implement and assess through quantitative and data analytics, initiatives that impact on the longer term effectiveness of FRM mitigation and risk management effectiveness.- Proactively collaborate with the Heads of Market & Liquidty Risk Oversight, Credit Risk Oversight and Business providing quantitative modelling and data analytics leadership to determine appropriate responses to FRM risk situations and exposures- Develop strong relationships between economic capital modelling and risk management including partnering with the ECM team to develop the market and credit risk component of the Group ECM, and support the development of appropriate stress tests and scenarios relating to market and credit risk-
- Drives continuous improvement, innovation and the use technology to streamline existing processes and develop new tools in the Risk Function- Proactively measure the effectiveness of quantitative modelling and data analytics initiatives into FRM strategy and actively identifies and implements continuous improvement opportunities- Lead the quantitative modelling and analytics team, including ensuring team and individual goals are articulated and shared with the team, tracked to support achievement and recognised appropriately.

Your story so far

As an experienced Risk and Quantitative Analytics leader who takes the initiative to mitigate risks by planning and influencing stakeholders to achieve desired outcomes, you will influence with ease and have the desire to own and lead the end-to-end strategy, leveraging a small team to execute desired outcomes. With a collaborative style and approach, you will bring senior leaders on the journey and build the FRM capability and culture.

To be successful in the role you will bring your strong network and expert modelling and validation and project management skills and demonstrate the ability to identify opportunities for continuous improvement.

Key experience will include:
- 10+ years relevant experience- Bachelor's Degree or equivalent combination of education and work experience- Relevant risk management or banking/investment qualifications, preferably in a global organisation.- Experience gained in Market Risk and Credit Risk- Accountability for strategic planning and decisions in quantitative modelling and risk analytics

We are here to support you

We value our employee’s experience with us and are proud to have been recognised for the following awards:
- 2021- LinkedIn Top Employer
- and- HRD Employer of Choice-
- Ranked 6th place in the AAGE Top Graduate Employers 2021 as voted by graduates- 2020 Best Workplace Diversity & Inclusion
- and Excellence Award for Best Health & Wellbeing at the Australian HR Awards- Top 20 Workplaces for Dads in 2019 and 2020
- (HBF Direct Advice for Dads)- Gold Employer status in both the 2019 and 2020 Australian Workplace E