Risk, ALM & Actuary Internal Model Market Risk Manager undefined

Our organisation

Ageas is a listed international insurance Group with a heritage spanning of 200 years, offering Retail and Business customers Life and Non-Life insurance, and is also engaged in reinsurance activities.

As an international insurance company, Ageas concentrates its activities in Europe and Asia through a combination of wholly owned subsidiaries and long-term partnerships with strong financial institutions and key distributors.

Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of about 50,000 people and reported annual inflows of over EUR 18,5 billion in 2024.

Ageas aims to be a Great place to Grow for all its people, while always staying true to its four values: care, share, deliver and dare. It fosters an inclusive culture, that values diversity and encourages everyone to get the best out of their talents.

Ageas has been re-certified as Top Employer in 2025
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The vibrant Ageas Corporate Centre in Brussels is home to a variety of Group level functions including, amongst others, Risk, Finance, Legal & Compliance, Investor Relations, Human Resources, Strategy, Business Development and Corporate Communications. It sets out the long-term strategy for Ageas and coordinates numerous initiatives across the Group to help realise the strategic ambitions. The Corporate Centre also facilitates knowledge and skills sharing amongst its local operating entities and JV’s, creating strong connections and leveraging on local strengths.

It represents the Ageas Group towards external parties, managing relations with analysts, retail and institutional investors, regulators, rating agencies and the media.

The vision of QRM is that models used at Ageas to quantify risks are substantiated, regularly tested, documented, and understood by all stakeholders. Realising that models are simplifications from reality, stakeholders understand the limitations of these models and therefore the consequences of model risks.

The mission of QRM is:

• to develop methodologies to quantify the risks of Ageas group,
• to define the group policies and standards that ensure quality model development at Ageas and its OpCos,
• to ensure implementation in reliable tools and the use of the methodologies, and
• to report and explain the outcomes of the models that are used to inform internal decision takers and external stakeholders.

Within QRM, the Life Valuation and Financial Risk department focuses on activities related to the Financial risk modelling and reporting and related to Life Underwriting Valuation and Risk of Ageas.

The activities are recurring processes related to closing activities, such as data preparation for entities, providing liquidity and financial risk reports to ARC, and providing RN scenarios; maintenance of policies and standards; support for MYB and annual (ORSA) stress testing; preparing and chairing the Technical Committee meetings towards the entities; and model development and maintenance, including interactions with implementation teams and entities for UATs.

Finally, a considerable amount of the activities are ad-hoc in interaction with stakeholders at corporate center and in the entities, and lead to analyses, researching, reporting, and advising.

Additional to its existing activities QRM has received the task to develop a Full Internal Model for Ageas and its entities and prepare Ageas for a successful IMAP in 2025, 2026 and 2027.

The role is responsible for developing, designing, implementing, maintaining, and managing the Internal Model for Market Risk at Ageas Group.

Your responsibilities include, among others:

• Lead the design, development, group-wide implementation and adoption, and continued maintenance to required standards of the Solvency II compliant Internal Model Market Risk (AUM approx.: €100bln).
• Ensure the appropriate selection & modelling of the risk-factors within Real World Economic Scenario Generation
• Benchmark the proposed models with Standard Formula & Peers (industry)
• Contact point for National Bank (NBB) for technical interactions, discussions and workshops during IMAP phase and future model changes
• Provide extensive…