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The Associate Actuarial Analyst is a trainee professional role requiring knowledge of actuarial processes, regulatory compliance, and programming skills. The role involves risk analysis, regulation monitoring, and compliance in the insurance business.
Job Responsibility:
Assists in protecting Citi's assets and continuity of business from fortuitous loss, through risk analysis/financing, placement and administration of property/casualty insurance programs, captive insurance company management
Participates in the establishment and monitoring of credit/political risks standards, review and approval of credit/political risk insurance placements and product programs
Contributes to insurance claims management, loss engineering and risk control
Participates in risk management advisory services to business units, approval/monitoring of local insurance purchasing, local insurers and insurance brokers
Performs complex regulatory analysis in order to monitor regulations and support Insurance business operations in accordance to corporate agency regulations or any other guidelines those are imposed on the Insurance business
Assists with the analysis and interpretation of regulatory compliance requirements especially as relates to insurance companies
Assess compliance of underwriting rules, guidelines, procedures, and programs on Insurance business from a regulatory standpoint
Manages and coordinates all regulatory internal and external audits pertaining to Insurance business
Prepares company’s response to regulatory changes and following up with appropriate areas to ensure required changes are implemented
Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency
Requirements:
Ability to communicate effectively to influence people
Knowledge on insurance regulations, financial markets and managing legal issues
Bachelor’s/University degree or equivalent experience
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