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Junior Quantitative Risk Analyst

Aegon is a Dutch multinational life insurance, pensions and asset management company.

(more about Aegon)
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Junior Quantitative Risk Analyst

This is what you do as a Junior Quantitative Risk Analyst

As our future Quantitative Risk Analyst, you will be part of the Methodology department (approx. 28 colleagues) within Aegon Group Risk’s Financial Risk Management (FRM) team. The Methodology department is responsible for developing pricing and risk quantification methodologies for all investment and insurance exposures on Aegon’s balance sheet. We are looking for a junior quantitative risk analyst to strengthen our Financial Markets team within the Methodology department. Specifically, the team owns and develops various quantitative models assessing financial risks. The team also holds responsibility for the development and maintenance of several of Aegon’s Internal Models for Solvency II. In this capacity the team cooperates closely with the various Business Units within Aegon group.

You will assist in supporting the demands of a variety of external and internal stakeholders, including regulators, auditors and relevant functions in all the Aegon Business Units. You are going to be in a team that plays a central role in managing the financial risks of Aegon. The team consists of a combination of highly motivated specialists in the quantitative valuation and risk modelling field. Depending on your experience and ambition there are opportunities to develop your leadership skills by means of taking ownership of certain methodology areas.

Development of Financial, Market and Actuarial Risk Models

  • Assist in the development of financial / market / actuarial risk models across many reporting frameworks (e.g. Solvency II, Economic Framework, IFRS)
  • Develop models within the confinements of a model change management culture

Maintain Existing Financial / Market / Actuarial Risk Models

  • Ensure that existing financial / market risk models remain fit for purpose in an ever-changing environment.
  • Stay abreast of industry developments

Deliver Key Reporting Processes to Reporting Functions

  • Ensure the delivery of data and information is performed in a controlled environment and applied to the required standard, e.g. SOx standards apply to Solvency II delivery
  • Ensure that data and information required by Financial Reporting functions across Aegon is delivered as agreed
  • Lead and manage processes towards strict timelines, both internally and externally

Stakeholder Management

  • The requirements of external stakeholders, such as regulators and audit must be managed
  • The requirements of several functions across Aegon must be managed, most notably reporting, methodology and risk management teams

Who will be your new colleagues?

Your team consists of a combination of 7 highly motivated juniors and experienced specialists in the quantitative valuation and risk modelling field. Next to learning from these colleagues, there are also social events, such as drinks or team outings, throughout the year. In addition, you can become a member of Young Aegon for more social events and to get to know even more colleagues!

This is your future position because you:

  • As a Junior Quantitative Risk analyst, you have a passion for analysing models and processes, clearly communicating about them and improving them on a continuous basis and meet the following qualifications:
  • Have a master’s degree within econometrics, mathematics, physics or any other quantitative field.
  • Have gained 0-4 years of work experience.
  • Have acquired knowledge of programming (preferably in R or python).
  • Have excellent communication skills, social and a focus on teamwork.
  • Have structured and analytical skills to gather, research, compare and analyse complex data models.

What will you be getting?

  • You will be earning between € 3.250 and € 5.000 based on 40 hours and your experience;
  • You will also receive a thirteenth month and a holiday allowance in the form of a monthly flex budget, amounting to 16.7% of your monthly salary;
  • Plenty of scope and budget for your personal development ;
  • A minimum of 27 holiday days;
  • Reimbursement of your travel expenses;
  • Discount on Aegon products;
  • A good pension scheme.

About Aegon

People are living longer, and at Aegon we are excited by the opportunities this brings. We are here for everyone who wants to make the most of their time on our planet and leave it a little better than they found it. Aegon is an integrated, diversified, international financial services group. We are here to support every stage of a long, healthy life with guidance, financial advice, and propositions. With our solutions for investment, protection, and retirement, we give people the confidence to make the right choices for their future.

To succeed in our mission, we are looking for curious, ambitious and empathic employees who dare to speak out and finish what they start. At Aegon, we are committed to fostering a diverse workforce and an inclusive culture. We are more than a Financial Institution – we are a people business, and we recognize that delivering excellent client outcomes comes from harnessing distinct perspectives. We value diversity in the full range of human uniqueness without limitation including race, gender, ability, language, culture, beliefs, age, origin, background, perspectives and experiences.

Enthusiastic? Apply!

This is an exciting role in an ambitious environment where you will be able to develop your quantitative skills and thought leadership within Quantitative Risk Management. Are you that person who will further improve our models? Then make sure you apply immediately! Do you have some more questions? Mail our Campus Recruiter Adinda Janse at adinda.janse@aegon.nl or send an email to our hiring manager Tristan Hands (tristan.hands@aegon.com). You can find more information about our application process on our website. #LI-AJ1