Milliman Actuarial Intern - FRM in Chicago, Illinois


The candidate would potentially be involved in the following types of projects:

  • Designing and executing scalable dynamic hedging programs to manage equity guarantee risk and meet strategic risk management objectives

  • Pricing and developing new products for financial services companies

  • Building stochastic models for risk-based capital impact analysis

  • Evaluating the appropriateness of exotic derivatives in reducing a company's risk exposure

  • Determining the impact of various risk management programs with respect to M&A transactions

    Required Skills

The ideal candidate should have experience or an understanding in a few of these topics:

  • Strong quantitative background

  • Risk management or investment experience

  • Proficiency in developing stochastic models using Excel, VBA, C++, Matlab and/or other programming languages

  • Insurance product modeling experience, particularly equity guarantee based products

  • Understanding of capital markets and modern finance (option pricing, portfolio theory, etc.).

  • Creative problem solver

  • Excellent project management skills, including communication and time management skills

  • Ability to work independently and in a team environment

  • Results-oriented work ethic

  • Successful progress towards FSA, FRM or CFA designations

Equal Opportunity Employer/Protected Veterans/Individuals with DisabilitiesThe contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information.QualificationsRequiredPreferredLicenses & CertificationsRequiredPreferred