Role Overview and Responsibilities:
We will be hiring several graduates into our Edinburgh-based Scenario Generation team in 2024.This large, highly-skilled and diverse team focuses on a variety of activities associated with the Moody’s Analytics Scenario Generator (SG), a market-leading stochastic modelling solution widely used in the life/general insurance, asset management and wealth/pensions industries.The software has a variety of applications, all of which involve the projection/forecasting of a wide-range of financial and economic variables (e.g. interest rates, inflation, exchange rates, equity indices, bond returns, property prices) in all of the world’s major economies using a combination of textbook and in-house designed stochastic models.
The roles would suit graduates with quantitative-based educational backgrounds in fields such as Actuarial Science, Mathematics, Statistics and Physics who would like to leverage and build upon their knowledge and skills to help solve complex real-world problems in the financial services sector.The roles will particularly appeal to those with a knowledge of stochastic modelling, Monte-Carlo simulation and financial-mathematics and/or those with higher-level quantitative degrees (e.g. MSc, PhD), but qualifications of this type and in these areas is not essential.
The role will involve a wide-variety of activities associated with supporting our SG-related products and services including:
* The production of high-profile services used by a large proportion of our customers focusing on the calibration of stochastic models to current and historical market data.
* The customisation of models, their calibration approaches and our software to help solve customer-specific problems.
* Designing new models, model calibration techniques and other related research activities associated with our products and services.
* Developing, modifying and implementing bespoke tools/solutions to help with the production of customer services.
* Training customers on the technical aspects of our modelling and the use of our SG software.
* Answering technical questions from customers to help them understand our models, their calibration and other questions related to our products and services.
Qualifications and Personal Characteristics:
* Undergraduate degree in a highly quantitative subject (e.g. Financial-Mathematics, Actuarial Science, Mathematics, Statistics, Physics).MSc/PhD degrees in relevant fields are advantageous.
* Understanding of financial mathematics (e.g. derivative pricing, interest-rate modelling, econometrics, stochastic processes, Monte-Carlo simulation).
* Excellent interpersonal skills, including the ability to communicate with individuals/teams with different backgrounds and at all levels.
* Excellent problem-solving skills.
* Can hit deadlines while maintaining high standards.
* Dedicated to our customers.
* Working toward or completed actuarial/CFA/FRM or related qualifications is advantageous.
* Experience working within a financial institution (e.g. within an insurance company) is advantageous.
The Department / Team:
The Scenario Generation team is part of the ERS Insurance function within Moody’s Analytics and is based in Edinburgh.The team has around 70 employees with a broad range of academic and commercial experience.
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