Equity Release Mortgage Portfolio - Quantitative Lead Manager( ERM or RMBS/CLO's background)

  • Highly competitive - Discretionary Bonus
  • London, England, United Kingdom London England GB
  • Permanent, Full time
  • Independent Search & Selection
  • 14 Jun 18 2018-06-14

Superb opportunity for an exceptional Quant/cash flow modeller to lead the modelling,valuation and structuring of this innovative insurers Equity Release Mortgage portfolio. Ideally you will have some capability in this field but we would also favourably consider applications from those with a significant securitisation background (CLO,RMBS particularly attractive) keen to develop a career in this growing sector.

 

Primary role:

To lead the analysis, valuation and structuring of Equity Release Mortgages - this would be part of a broader portfolio held by this leading innovative insurance company and represents a significant hire for the business.

This role would include leading the development, implementation, testing and documentation of modelling methodologies to ensure a robust valuation of current and future investments but also has a significant new business and portfolio construction component.

It would suit an agile quant with well developed modelling skill looking for longevity and career development where they could develop their commercial acumen and broaden product knowledge.

Responsibilities

Manage modelling development for structuring of ERM loans and support the assesment of the internal rating ( A hands on role ).

Assessment and evaluation of portfolio assets and liabilites -looking at the attractiveness of the investment with focus on risk adjusted returns

To lead the analysis of new ERM products including the assessment of back book ERM portfolios. 

As part of a small team you will take on other broader portfolio responsibilities especially new business pricing.  

Person

HIghly developed quantitative background. Phd/actuarial/advanced mathematical education. Strong IT skills, Excel, VBA as a minimum. Database, R and Algorithmics experience desirable. 

Accomplished cashflow modelling/structuring/valuation skill. Ideally with Equity Release product knowledge or a securitisation background, keen to build skill in this area. (CLO, RMBS well favoured but will look at associated skill sets).

Experience of interacting with relevant regularatory bodies

Natural communicator, able to present complex technical concepts in an effective way to stakeholders and colleagues.

Knowledge of the SII regulation, (Matching Adjustment framework) 

It is likely you are currently supporting a securitisation business within a bank or at rating agency/consultancy currently and are frustrated by the constraints of your role. Long term prospects are excellent.