Quantitative Analyst (Internal Model)

Quantitative Analyst, Internal Model

Date Posted: 13/02/2025

Location: London

Job Type: Full time

Who are Just? We’re a FTSE 250 Financial Services company who specialise in retirement solutions. Our world is moving quickly, with the defined benefit buy in / buy out space growing each year. Just continues to grow its business by over £4bn of assets annually. We are a purpose-driven company with compelling and credible goals. We help people achieve a better later life by providing competitive and innovative products, services, financial advice, and guidance to help our customers achieve security and peace of mind in retirement.

Purpose

We have a new and exciting opportunity for a Quantitative Analyst to join our Internal Model team. You will support the Head of Internal Model and Senior Actuaries in developing the methodology used to calculate the Group’s regulatory capital requirement. You will propose, design, and implement technical developments to ensure that the methodology in the Internal Model remains best practice and compliant with emerging regulatory requirements.

You will be a key member of the Internal Model team, assessing methodologies and optimising processes that inform capital decisions across the firm. If you’re looking for a capital role with the opportunity to leverage new technologies to drive innovation and efficiencies, then we’d love to hear from you.

As a Quantitative Analyst, you will be expected to:

• Leverage new technologies to develop and maintain the Group’s Internal Model, supporting Solvency II and IFRS balance sheets, risk appetite, and the ORSA.
• Provide quantitative expertise to support the Capital Management function.
• Utilise modelling best practices to build out internal libraries & tools and ensure adherence to internal model risk policies.
• Keep up to date with internal, current, and new industry trends in the Technology space and Regulatory environment.
• Coach and manage more junior members of the Internal Model team on projects.

Skills and Knowledge

• Proven problem analysis and resolution skills.
• Strong technical and analytical skills.
• Strong verbal, written communication, and interpersonal skills.
• Proficient in the latest technology tools, including Python.
• Understanding of the fixed income investment universe.
• Ability to manage smaller defined projects.

Experience

• Experience of utilising technological advancements to innovate and improve processes.
• Recent experience of asset modelling, portfolio construction, and optimisation.
• Previous experience of statistical and stochastic models or wider internal model methodologies.
• Experience of developing practical solutions to complex technical issues.
• Previous experience in financial services, asset management, insurance, investment, or investment consulting.

Examples of key activities that can be expected in this role:

• Transform existing models onto new platforms using Python or equivalent modelling software.
• Contribute to the delivery of the annual proxy structure review process to optimise efficiency.
• Carry out the regular recalibration methodology and development of specific risk groups as part of the annual calibration of the Internal Model risks.
• Prepare analysis to assess the capital model implications of Group projects, identifying risks, issues, and opportunities that could impact the capital position.
• Work with Actuarial Reporting, Systems, and ALM teams to enhance the Solvency II reporting process.

Why Just? We are committed to building a more sustainable business and have publicly committed to reduce our scope 3 emissions to Net Zero by 2050 and our scope 1 and 2 emissions to Net Zero by 2025. We encourage our people to make small and meaningful changes in their everyday lives to protect our planet for future generations.

Diversity, Equity, and Inclusion (DE&I) is a key priority for Just. We have joined a number of initiatives designed to improve outcomes for employees from underrepresented backgrounds. We also run a Reciprocal Mentoring scheme for employees from diverse backgrounds. There are multiple employee network groups that champion issues including race, gender, social mobility, and neurodiversity.

What’s clear about working at Just is that we care. We care about our customers, our purpose, our environment, inclusivity, wellbeing, and most importantly - each other.