Actuary internship - Asset Management

Brussels – fixed-term– part-time

Actuary internship - Asset Management

Brussels – fixed-term– part-time

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What does this job entail?

KBC Asset Management is a public limited company, with registered office at Havenlaan 2, 1080 Brussels, Belgium. It operates as management company for undertakings for collective investment under Belgian law (mutual funds), including  investment services for individual portfolio management (institutional investors).
KBC Asset Management Group is internationally organised, colleagues are working in Dublin, Brussels, Ghent, Luxembourg, Prague, Budapest and Sofia.
At KBC Asset Management, you will experience a dynamic work environment with the spirit of an SME. Next to ambitious expectations about dedication and entrepreneurship, you will find different working zones to focus on individual tasks, to collaborate with colleagues or to socialise. In the learning zone, lunch sessions on top-of-mind topics are organised. There is even a playing zone with a pool table and football game to relax after hard working. It is also possible to work partly from home or from other KBC offices for instance in Leuven.

The product risk department counts about 15 colleagues in Belgium and several in other countries.  It reports to the Chief Risk Officer (CRO) of KBC Asset Management.
What do we stand for ? In short, we want to give comfort to our customers, our distributors and our company that KBC AM’s products or services are designed to meet the highest quality standards and are in line with applicable law. We want to insure this both at the start of the product and during its life-time, even in adverse market circumstances. As such, the product risk team (ARC) has a very broad range of activities and responsibilities.

The product risk department counts about 15 colleagues in Belgium and several in other countries.  It reports to the Chief Risk Officer (CRO) of KBC Asset Management.
What do we stand for ? In short, we want to give comfort to our customers, our distributors and our company that KBC AM’s products or services are designed to meet the highest quality standards and are in line with applicable law. We want to insure this both at the start of the product and during its life-time, even in adverse market circumstances. As such, the product risk team (ARC) has a very broad range of activities and responsibilities.
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What do we expect from you?

As risk managers,
• we join the product developer and future portfolio manager already in the development phase of a new product;
• we determine the product score and risk profile of the product, as well as the regulatory risk indicators, so that clients can judge whether the product is suitable for her or him;
• we agree with the portfolio manager on the risk framework which indicates how the product will be managed on a day-to-day basis. We monitor this framework and report to our management, auditors and regulator;
• we report on the performance of our investment funds and institutional portfolios;
• we do checks on major derivative contracts, calculations done by our Middle and Back Office.

Specifically, for this actuary internship we are looking for candidates with a numerical background and a minimum of programming experience in MatLab, Python or another programming language to strengthen our product risk team in its core tasks and projects as outlined below.

Ongoing projects are a.o.:
• Implementation of a model risk framework, dealing with risks related to model development and conducting model validations;
• Implementation of liquidity stress testing aimed at better managing liquidity risks;
• ‘PRIIPS’, assure that we can perform the necessary Monte Carlo simulations and other calculations to generate the legally required fund performance scenario’s and risk scores;
• Review of the product score methodology, a methodology to rank products according to their level of risks for clients;
• “Risk Culture”, aiming for risk to be managed by business as the 1st line of defense.

Possible internship assignments:      
During this traineeship, motivated people with a numerical background and a minimum of programming experience can assist in (e.g.) creating new models for our capital protected and structured funds, develop and program scenario analyses for various product lines, assess and validate existing business models, improve our existing risk infrastructure and make it future proof.
When allocating internship assignments we will take the intern's personal interests into account.

Your key strenghts?

From a technical point of view,
• You are currently an actuarial science master student.
• You have strong written and oral communication skills in English.
 
From a personal point of view,
• You are a team player, but can focus on individual assignments independently when necessary.
• You are dynamic, creative and show initiative.
• You like working in an international context.
• You have strong analytical skills allowing you to dig into a lot of information quickly and formulate relevant messages in an easy-to-understand, structured way.
• You are well organized and structured in your tasks, setting ambitious goals for yourself and respecting deadlines.
• You are eager to learn but also to share knowledge. You have a drive to continuously extend your knowledge and explore different areas of risk (management). 

From a technical point of view,
• You are currently an actuarial science master student.
• You have strong written and oral communication skills in English.
 
From a personal point of view,
• You are a team player, but can focus on individual assignments independently when necessary.
• You are dynamic, creative and show initiative.
• You like working in an international context.
• You have strong analytical skills allowing you to dig into a lot of information quickly and formulate relevant messages in an easy-to-understand, structured way.
• You are well organized and structured in your tasks, setting ambitious goals for yourself and respecting deadlines.
• You are eager to learn but also to share knowledge. You have a drive to continuously extend your knowledge and explore different areas of risk (management).

What can we offer you?

Extensive training opportunities are offered within group risk. Together, we define a training track for your first year (tailored depending on prior experience and profile). Both your needs regarding knowledge and skills will be addressed via this personalized training plan. In addition, you will get the chance to enter in multiple optional information sessions, not limited to your own job/domain. All we ask in return is that you put all what you learn to good use. 

Questions?

If you have any further questions about the job content, please contact the recruiter: mailto:lieve.neyrinck@kbc.be
You can only apply using the form below. We cannot accept applications via e-mail.
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