Hear all about this role directly from the hiring manager: https://vimeo.com/75035075
The Model Solutions group is RMS’ focal point for our natural catastrophe and terrorism model solutions in the market. The group provides a deep understanding of our client’s needs, and guides the industry to best-practice usage of models and analytics, crystallizing the value of our modeling solutions. Based in New Jersey and London, the team consists of market-experts with a thorough understanding of cat model usage and future trends across all major insurance markets, and builds linkages with other key risk-focused players in the market .
Objective of the Director of Model Solutions
Lead RMS to develop models that capture the evolving needs of the catastrophe risk management industry, and guide the industry toward more informed usage of RMS’ catastrophe models and understand the uncertainty inherent within them. This unique and central role involves working closely with our product management and development teams, as well as client development teams, and directly with the market and key market influencers such as rating agencies, regulators etc. The role entails understanding market developments and needs from our models in the future, building business cases, and launching new models to the market, as well as furthering our model uncertainty agenda. This role is focused on our Americas model suite and markets.
Key Accountabilities & Deliverables:
Provide intelligence on trends and influences on catastrophe modeling usage across established and emerging markets
Provide guidance and thought leadership to the industry on appropriate usage of cat models, and deepen the understanding of model assumptions and uncertainty in our user base
Build relationships with regulators and rating agencies to further the understanding and appropriate usage of catastrophe models with these constituents
Provide market-driven direction into RMS’ model development, communication and release strategy, through market research
Generate examples and use-cases that demonstrate the value of RMS’ modeling solutions within the broader spectrum of risk and capital management
To be successful, you must establish strong relationships with clients as well as key risk-focused industry groups, and build multiple internal relationships. You must possess a blend of business and technical know-how; and be highly client and solution focused. You must enjoy spending time in the market to understand problems, and be able to crystallize innovative solutions. The position will suit someone with several years of experience in the industry.
5+ years experience of using catastrophe modeling insights and output – could include either cat modeling, risk management or exposure management functions
Numerate or scientific degree – actuarial experience also welcomed
Experience of reporting cat metrics to the risk management, actuarial or executive decision making functions
Demonstrable evidence of client and solutions focus
Excellent verbal and written communication skills with technical and non technical audiences, preferably with experience of marketing or selling ideas and solutions
Strong relationship building and influencing skills, with the ability to work in a fast-paced cross-functional environment
Some travel will be required
There’s a 6% chance that a hurricane will cause $75 billion of insured losses next year and a 1% chance that an earthquake will cause $50 billion of insured loss in the next 12 months. At RMS, we build simulation models that allow insurers and investors to understand their financial risks as a result of natural catastrophes, terrorism, pandemics, or changes in life expectancy.
We are one of the most exciting and technologically sophisticated firms you’ve ‘never’ heard of, unless you’re one of our clients in the (re)insurance, banking or hedge fund sector. As we lead an industry we helped pioneer we are able to offer stimulating careers to those who want to make a real impact on the world at large. At RMS we believe in thought leadership, personal growth and out-standing performance and support a culture of inclusiveness across all our offices.
As we approach our 25th anniversary, we are evolving our vision by delivering future solutions in the cloud, releasing in 2014 a cutting edge risk management platform ‘RMS(one)’ for the global risk market and we’re looking for talented professionals to join us.
To find out more visit: www.rms.com. Or follow us on Facebook or Twitter
RMS is proud to be an equal opportunity employer.
RMS - 16 months ago
Transforming the insurance industry's understanding and quantification of risk.
RMS delivers the world's leading catastrophe risk models in...