Actuarial Risk Analyst w/ Python (suitable also for a fresh graduate)

Our opportunity #LI-Hybrid

Actuarial Risk Analyst – Market Risk

Join our dynamic team of actuarial risk analysts in Bratislava and help shape the future of market risk management for Zurich’s global life insurance business. You’ll play a key role in the centralized production of Replicating Portfolios, support senior management with insightful analyses and reporting, and drive process automation across our actuarial functions. By working closely with stakeholders from Corporate Centre, Group Investment Management, Group Risk Management, and Zurich Business Units worldwide, you’ll help deliver innovative solutions that create a brighter future together.

Your role

As an Actuarial Risk Analyst, your main responsibilities will involve:

• Participate in quarterly Replicating Portfolio production for Market Risk Capital calculations, leveraging Apache Airflow and Python.
• Prepare impact assessments, analyses, and reports on financial and market risk topics for senior management.
• Contribute to ongoing process improvements and automation initiatives.
• Collaborate with diverse internal and external stakeholders on market risk matters.
• Support the development of new methodologies, including alternative proxy modelling and calibration approaches (e.g., machine learning).
• Maintain and enhance actuarial solutions using technologies such as Airflow, Python, Excel, (translate stakeholder needs into practical solutions).

Your Skills and Experience

We’re looking for a collaborative and enthusiastic team player with:

• A master’s degree in quantitative finance, mathematics, or a similar field.
• Experience with data wrangling (Python, Excel, or other programming languages such as R or MATLAB).
• Excellent English communication skills, both verbal and written.
• Sound understanding of life insurance business and risk capital management principles.
• interest in process automation and workflow optimization.
• A flexible, positive attitude – this role is open to fresh graduates as well as experienced professionals.

We offer

In accordance with the EU Pay Transparency Directive, the minimum gross annual compensation for this position, determined based on objective and gender-neutral criteria, is 1 880 EUR/gross. The final compensation package will depend on the candidate’s qualifications and relevant experience.

On top of a competitive annual bonus, we offer a comprehensive benefits package that includes:

Working time benefits
Personal days off, Concentrated work week, Additional vacation, Home office (working from Hungary and Czechia is possible), Extra days off at occasion of childbirth, Sabbatical leave  

Monetary benefits
Life insurance from Zurich Austria, Compensation for salary loss during sick leave, 3rd pension pillar contribution, Risk Life Insurance, Meal contribution on top of the legally required minimum, Years of service bonus, Wedding bonus, Baby bonus
 
Other benefits
Edenred electronic cafeteria, Public Transport contribution, Maternity leave benefits, Massages in the office
 
Learning/Development
Professional Certifications, Online Education Portals, Extensive Onboarding program, Strengths based culture (GALLUP)
 

• Location(s): Bratislava
• Schedule: Full-time
• Hybrid work: We would be happy to meet you in the office 3 times a week with the added flexibility of working from home on a weekly basis.

 
About us
At Zurich Insurance, we recognize the importance of fostering an open-minded, safe and inclusive environment for everyone. We stand with diversity and respect different backgrounds and lifestyles. That's why we've implemented numerous initiatives to ensure our employees feel comfortable, accepted and always respected.