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Junior Stochastic Modeller
£37,000 - 40,000
Pension Protection Fund
Dingwall Road, Croydon
£37,000 - 40,000
Requirements
Must:
We are looking for a candidate who holds a graduate level or equivalent degree in scientific fields, accompanied by in-depth knowledge of statistics and probabilities. You should have relevant experience in stochastic modelling within a financial institution, consultancy firm, or academia. Proficiency in a high-level coding language (such as Python or R) is essential. You must demonstrate strong numerical and analytical skills, coupled with the ability to plan work, manage conflicting priorities, and meet deadlines.
Responsibilities
As a Junior Stochastic Modeller, you will be integral to our Actuarial Risk & Modelling team. Your responsibilities will include developing an understanding of the inputs, methodologies, and outputs of the Long-Term Risk Model (LTRM). You will also be involved in designing, writing, and testing code in Tyche for the LTRM. Additionally, you will set up and run the Economic Scenario Model (ESM) and the LTRM, while checking and analyzing the results of these stochastic models.
Description
We are the Pension Protection Fund, dedicated to protecting millions of people in the UK who belong to defined benefit pension schemes. When these schemes fail, we are ready to help by paying our members and investing sustainably. Our work significantly impacts individuals’ lives, and we strive to perform it with integrity and foresight. The position of Junior Stochastic Modeller is newly created as part of our expanding team. In return for your skills, experience, and commitment, we offer a challenging role with the support needed for your career development. We also provide ample opportunities for personal development and skills training. Our Croydon office is conveniently located across from East Croydon station, making it easily accessible from various locations in London. We are proud to hold the status of Disability Confident Leader, ensuring we support diverse talents and are committed to inclusive hiring practices. If this opportunity resonates with you, we invite you to apply.
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