Accenture Consulting - Insurance Solvency/Risk

Risk Management in Financial Services

Senior Consultant – Insurance Solvency

Location: Gurgaon

Accenture’s Consulting workforce is involved in business consulting, process design work and large scale transformation of business. A career in Consulting is varied and stimulating because each project presents a new challenge and will give you exposure to new clients, business issues, technologies and people. We need people who are able to challenge conventional thought, offer unique perspectives and conceive more innovative solutions for our clients.

The Consulting workforce is made up of three groups: Management Consulting, Systems Integration Consulting and Technology Consulting. This consulting group structure provides outstanding opportunities to develop highly specialized skills that will help you advance your career.

Accenture has established a distributed management consulting model that provides specialized industry and functional skills based in a network of prominent global locations, to help clients address their most pressing issues and pursue opportunities with greater flexibility and speed called the Global Talent and Innovation Network (GTIN). GTIN consists of over 1,500 of our 16,000 management consultants and complements our in-country teams to deliver cutting-edge expertise and measurable value to our clients.

Rapidly expanding, GTIN is a highly strategic initiative designed to reinvent management consulting and build competitive advantage on a global scale. As part of the Global Talent and Innovation Network, you will part of the strong brand of Accenture Management Consulting working with prestigious global clients to increase your skill set and knowledge and enhance your career development.

Key Responsibilities

- Lead consultant teams and manage projects to advise clients on a wide range of financial risk management issues

- Build, refine and validate various categories of asset-liability models as well as liquidity risk and fund transfer pricing models for global clients

- Build knowledge base and disseminate information on a variety of relevant topics such as asset liability management, balance sheet management, pricing, profitability management, internal controls and regulatory compliance as applies to insurance firms

- Work with deal teams to provide subject matter expertise and brain dump for important client proposals and RFPs.

- Develop and frame a Proof of Concept for key clients including scoping, staffing, engagement setup and execution

- Develop thought capital around current and emerging risk management topics and contribute to development of Accenture Points-of-View on Risk trends and issues

Experience

At least 6 years risk management experience at an Insurance firm or Professional Services / Risk Advisory with exposure to one or more of the following areas:

- Asset Liability management

- Balance sheet management

- Fund transfer pricing

- Liquidity management

- Interest rate risk management

- Stress testing

- Valuation of financial instruments/ portfolios / positions

- Functional design and database modeling for ALM and Treasury systems and applications

- Understanding of risk regulatory framework of one or more European economies

- Knowledge of Solvency II principles and practice

- Experience with model reviews and validations (covering both conceptual foundation and technical merit) for different types of risk and valuation models

- Experience in extracting, aggregating and structuring large volumes of data along different dimensions (eg: position/ instrument/ counterparty level)

- Proficiency required in one or more of analytical tools such as SAS Solvency Solution, R, SQL, Excel/ VBA, Matlab, C++. Strong database skills preferred

- Knowledge of tools/ vendor products such as Bloomberg, Reuters, Murex, QRM, RiskMetrics, etc preferred

Other Requirements

- Graduate/Post-Graduate in a quantitative field (engineering/economics/statistics) or Management

- Strong academic background

- Risk certifications such as FRM, or actuarial certifications preferred

- Business fluency in one or more mainstream European languages strongly preferred

- Exposure to working in globally distributed workforce environment including offshore model preferred

- Willingness to travel up to 50% of the time

- Excellent communication and interpersonal skills

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