What are the responsibilities and job description for the Senior Risk Analyst position at Milliman?
About Milliman
Milliman is among the world's largest providers of actuarial and related products and services. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe. We are owned and managed by our principals—senior consultants whose selection is based on their technical, professional and business achievements. With more than 75 years of consulting experience, Milliman is well-positioned to help clients analyze, understand, and mitigate risk in an era of regulatory change and financial uncertainty.
About Chicago Life
The Chicago office of Milliman Inc. is looking for enthusiastic and qualified candidates to join its Complex Risk Solutions (CRS) practice. CRS has developed a set of leading risk modeling and data analysis tools that it uses to create financial quantification and support business decisions for leading institutions. CRS analyzed all operational risks including the impact of cyber attacks, third party risk/vendor risk, fraud, talent, and security. CRS also quantifies the risk of issuing insurance for these risks and the risk associated with insurance portfolios. CRS is seeking a Senior Associate that is able to support modeling, analytics, and delivery of these projects. This will involve using our leading proprietary risk analytics and modeling tools to deliver for clients.
Job Responsibilities
- Develop risk models using the tools that Milliman has developed
- Analyze risk events and test risk hypothesis with data analysis and risk modeling tools including tools that Milliman has specifically developed
- Research global risk events and identify data sets from associated with these events
- Use a programming language and/or statistical software to clean data and input it into CRS’ advanced data analysis tools to detect patterns and anomalies
- Assist with thought leadership efforts in explaining the data story and the usefulness of the tools
- Assist with cyber model research, coding, and development
- Conduct data acquisition efforts
- Assist with model implementation and configuration
- Assist with the collection and analysis of client data sets
- Support general CRS efforts
Education & Qualifications
- BA or BS in STEM, Finance, or Risk Management, or equivalent experience
- Proficiency in Excel and PowerPoint
- Strong knowledge of statistics, modeling, coding and data analysis skills
Benefits
At Milliman, we focus on creating an environment that recognizes – and meets – the personal and professional needs of the individual and their family. We offer competitive benefits which include the following based on plan eligibility:
- Medical, dental and vision coverage for employees and their dependents, including domestic partners
- A 401(k) plan with matching program, and profit sharing contribution
- Employee Assistance Program (EAP)
- A discretionary bonus program
- Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason; full-time employees will accrue 15 days of PTO per year, and employees working less than a full-time schedule will accrue PTO at a prorated amount based on hours worked
- Family building benefits, including adoption and fertility assistance and paid parental leave up to 12 weeks for employees who have worked for Milliman for at least 12 months and have worked at least 1,250 hours in the preceding 12-month period
- A minimum of 8 paid holidays
- Milliman covers 100% of the premiums for life insurance, AD&D, and both short-term and long-term disability coverage
- Flexible spending accounts allow employees to set aside pre-tax dollars to pay for dependent care, transportation, and applicable medical needs
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
