Senior P&C Insurance & Model Risk Specialist (80-100%)

Do you enjoy asking the tough questions as much as finding the right answers?

Do you see models not just as numbers, but as stories waiting to be challenged and improved?

What if your quantitative skills could help shape Zurich's global risk culture?

Ready to collaborate with experts across borders and drive innovation in risk management?

As a Senior P&C Insurance & Model Risk Specialist, you’ll become part of Zurich’s Commercial Insurance (CI) Risk team in Group Risk Management. In this role you will collaborate with global P&C insurance functions and Capital Modelling teams, supporting 2nd line reviews of insurance and model risk and independent model validation activities, and providing risk-based insights to stakeholders. You will help shape Zurich’s risk culture and contribute to our reputation for excellence and integrity.
 

What you will do

• Support the independent quantitative Risk review and challenge of the 1st line activities in P&C insurance functions, including decision-making, governance, assurance and model validation while supporting the development and maintenance of effective Risk Governance frameworks
• Deliver independent top-down quantitative analysis and assessment of insurance risks, including targeted deep dive analyses, prepare reports and documentation 
• Deliver independent validations of P&C related models including executing validation tests, identifying, quantifying and assessing weaknesses and limitations of models, preparing validation reports and documentation
• Advise stakeholders with professional support, providing quantitative risk insights and business implications, and contribute to annual risk review and model validation plan, advise on prioritization of model developments.
• Support team members and perform peer reviews of insurance risk reviews, participate in group-wide projects to develop and enhance Zurich’s insurance and model risk management and contribute to reports for regulators, external auditors, and committees 
• Help develop and deliver training for Risk Management professionals, focusing on quantitative techniques, model validation standards, and statistical methodologies.
• Primary work location is Zürich. The travel requirement is up to 5%

What you bring

• Bachelor’s or master’s degree in mathematics, Statistics, Finance, or equivalent
• Progress towards actuarial qualification (newly or nearly qualified in a recognized actuarial body)
• 5+ years of relevant experience in the insurance industry, ideally within P&C and across multiple functions (e.g. pricing, reserving, accumulation management, capital management) with solid business acumen
• Good understanding of P&C actuarial reserving, pricing, accumulation and capital modelling concepts (including SST/SII) as well as risk and statistical methodologies and data literacy, analytics and visualization skills; Understanding AI modelling techniques is an advantage
• Awareness of both risks embedded in insurance products and risks in models, related processes and underlying data
• Effective communicator and relationship builder, including with senior management; actuarial software/programming skills are an advantage. Mindset: curiosity, challenge, open to change
• Fluent English, both oral and written; other languages are an advantage 

You belong here. 

Imagine working in one of the world’s most sustainable workplaces. At Quai Zurich Campus, you’ll enjoy an environment designed to help you thrive, with benefits that support your well-being and impact, and opportunities to perform at your best, surrounded by top talent and supportive colleagues.  
You’ll have access to healthy food options, fitness facilities, and bright, collaborative spaces that spark creativity. Located in the heart of Zurich on the shores of Lake Zurich, the campus offers excellent public transportation links, making your commute simple. 
Grow with us through access to learning resources, on-the-job development, and continuous empowerment and support. Be part of a team that is creating a brighter future together. 

About Us 

Zurich is a leading multi-line insurer, serving over 82 million customers in more than 200 countries and territories with more than 65,000 employees.
For over 150 years, Zurich has been transforming insurance – offering not just protection, but also prevention services that promote well-being and climate resilience.
Guided by our purpose to ‘create a brighter future together,’ we aim to be one of the most responsible and impactful businesses in the world. 
We look forward to receiving your online application today!

Information for recruitment agencies

Zurich does not accept any applications from recruitment agencies for this position. We refuse any responsibility for unsolicited applications, as well as any associated fees. 

Why Zurich

At Zurich, we like to think outside the box and challenge the status quo. We take an optimistic approach by focusing on the positives and constantly asking What can go right? 

We are an equal opportunity employer who knows that each employee is unique - that’s what makes our team so great! 
Join us as we constantly explore new ways to protect our customers and the planet.
 

• Location(s):  CH - Zürich 
• Remote working: No
• Schedule: Full Time
• Recruiter name: Natalia Dzieglo