Associate - Natural Catastrophe and Climate Risk Modelling

About the Team:

The Climate Practice Team at WTW focuses on helping corporates to gain control over their physical climate change risks from acute and chronic perils, by conducting a comprehensive assessment of asset exposure to various natural catastrophe and climate hazards. This entails identifying assets with elevated risk levels, additionally formulating recommendations for risk management, adaptation, and mitigation measures.

Job Summary:

The candidate would be joining a team of industry leading experts spanning across the fields of insurance, science and engineering with the aim of providing unrivalled analytical modelling solutions. One of the key aspects of this opportunity will be that the candidate will be expected to develop in-depth risk management solutions for clients using recognized cat vendor models such as risk management solutions and KatRisk, and in-house risk quantification models/tools.

Principal Duties and Responsibilities:

• Support the Climate Practice team in catastrophe modelling and cat risk engineering assessments using the vendor models (risk management solutions, KatRisk etc.) and in-house models and tools.

• Support wide range of risk consulting projects involving the undertaking of catastrophe risk modelling and engineering assessments including presentation of findings to internal and external clients.

• Day-to-day tasks will include data quality assessment of raw data to be fed into catastrophe models, reviews of exposures to natural hazards as well as preparation of modelling input files, running of market recognized models such as risk management solutions/KatRisk and the review, interpretation and validation of the output in light of underlying modelling assumptions and their limitations. 

• The role would also include helping to prepare and present output data from the models to support actuarial analyses and bigger projects carried out by other teams.

• Utilize geospatial tools to analyse, edit, and visualize spatial data in support of modelling and product insights.

• Maintain strong working knowledge of vendor models (risk management solutions, KatRisk) as well as in-house catastrophe modelling frameworks.

• Graduate/Post-Graduate degree in a quantitative field such as Mathematics, Statistics, Engineering or equivalent.

Knowledge:

• Strong knowledge and proficiency in using catastrophe models like Risk Management Solutions and KatRisk.

• Good understanding of insurance policy structure and its application in catastrophe models.

• Knowledge of underlying exposure and results data structure in catastrophe models and use of SQL server management studio for database and data management.

• Good understanding on natural catastrophe perils such as earthquake, windstorm, severe thunderstorm etc. 

• Understanding of climate risk and emerging natural hazard modelling techniques is a plus

   

  The Application Process

• Stage 1: Online application and recruiter review

• Stage 2: Pre-recorded video interview

• Stage 3: Live video or in person interview with hiring manager and team

• Stage 4: Offer and onboarding

  We’re committed to equal employment opportunity and provide application, interview and workplace adjustments and accommodations to all applicants. If you foresee any barriers, from the application process through to joining WTW, please email candidatehelpdesk@wtwco.com.