Lead of Risk Accumulation Modeling

Job description

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About DeNexus

DeNexus is the leading provider of cyber risk modeling for industrial enterprises.

Our mission is to build the global standard for industrial cyber risk quantification. Our flagship platform, DeRISK, is the world’s first self-adaptive software platform that using evidence-based data predicts where and how breaches are likely to occur in unique client contexts, translating that information into dollars at risk. Fortune 500 companies, from power generation to manufacturing to other critical infrastructure, rely on DeNexus to understand their bespoke cybersecurity economics and optimize their risk-reduction ROI.

About the Role

Denexus is looking for a Lead of Risk Accumulation Modeling to lead a team of skilled mathematics ‘quant’ experts.

In this role you will play an integral role in developing and refining analytics solutions for the DeRISK platform. As the leader of Risk Accumulation modeling efforts, you will be working closely with DeRISK R&D team to provide a first-in-market solution approach to the complex business challenge of cyber risk.

Our scope of work includes building aggregate or multisite modeling solutions for various industries, scopes and portfolios allowing risk leaders in energy, manufacturing, oil and gas, transportation, to better understand their exposure to cyber risk, and for the (re)insurance industry to price the risk, calculate loss reserving, capital allocations and portfolio management.

Duties and responsibilities

  • Develop state-of-the-art modeling methodology in areas related to accumulation risk modeling.
  • Develop mathematical models for the multisite cyber risk DeRISK component, from both frequency and impact perspectives.
  • Develop mathematical algorithms for cyber risk mitigations.
  • Assess, test, and continuously refine loss scenario models.
  • Discover and clearly define loss scenario model limitations.
  • Work with other development areas to guarantee work-product delivery in-line with the rest of the DeRISK modeling teams.
  • Interpret complex sets of insurance risk exposure data across multiple accounts and pro-actively recommend new data sources for data enrichment. Continuously improve the quantity and quality of data captured for modeling.
  • Be the main analytics point of contact and core member of the development team alongside internal stakeholders, resolve questions and challenges that may arise regarding multisite cyber risk.
  • Lead in a fast-paced and dynamic environment utilizing virtual and face-to-face interactions; manage complex work streams, expectations, project timelines and budgets.
  • Be able to document risk modeling methodology for product management and marketing teams.

 

Qualifications 

  • Approximately 8+ years professional experience in the field of insurance and/or reinsurance.
  • Minimum of 2 years of accumulation risk modeling experience.
  • A solid understanding of accumulation and CAT modeling concepts.
  • Working knowledge of SQL, R, or other database statistical software preferred. 
  • Strong organizational skills including the ability to manage multiple assignments, work well with minimal supervision and meet project deadlines.
  • Effective interpersonal and written/verbal communication skills; strong team player and ability to work across organizational boundaries.
  • Related BA/BS degree, with strong mathematical, probability and/or statistical foundation.
  • Fluency in spoken and written English.
  • Valid permit to work in US or Europe.

 

DeNexus highly values…

  • Cyber security knowledge.
  • 10+ years professional experience in the field of insurance and/or reinsurance.
  • 5+ years of accumulation risk modeling experience.
  • Industry certifications: ARe, CPCU, CCRMP, CCRA or others.

Location

  • Based in USA or Europe (remote position).

Sounds like you? Apply Today.

 

Apply now