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Munich Re Markets GmbH - Quantitative Structurer (m/f/d)

Location Munich, Germany Job type Full-Time Work mode Hybrid Job level Professional Job ID 12626 Company Munich Re Employment type Regular Area of expertise Actuarial & Risk Management
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About the role:

The person for this role mainly supports the structuring of bespoke risk management solutions for the Munich Re Markets (MRM) division. The job involves developing and analysing structured solutions, risk assessment, project management and coordination with sales and headquarter functions.

Munich Re Markets GmbH is seeking to engage a quantitative structurer to enhance its ability to deliver this business.

Key Responsibilities:

  • Development of relief transaction concepts taking into account the following non-exhaustive factors:
    • Specification of cashflows and balances to be exchanged under a given transaction concept
    • Economic deliverability of a given concept within the boundaries of MRM risk management and risk tolerance
    • Profitability of a given concept for MRM
    • Economic impact of a given concept on the client and the likely client reaction to such impact
    • Impact of a given concept on the client’s key quantitative metrics
  • Analyse and model risk factors (equity, rates, credit, fx, mortality, lapse) using quantitative and actuarial techniques
  • Development of suitable approach documents for the presentation of a given transaction concept (e.g. presentations, illustrative models, introductory correspondence, technical notes)
  • Develop, implement and improve risk-neutral pricing models for capital-markets-linked reinsurance transactions
  • Build cashflow simulations, scenario engines and sensitivity frameworks using advanced stochastic methods
  • Perform back-testing and assess transaction impacts on balance-sheet, regulatory and economic metrics
  • Validate and enhance existing modelling approaches; design robust, production-ready tools and libraries
  • Collaborative interaction with multi-disciplinary colleagues in the development of relief transaction concepts, including relevant content experts and origination partners
  • Proposal delivery:
    • Presentation of solutions to clients at all relevant management levels with ability to proficiently communicate technical and strategic features of transaction
    • Dynamic ongoing interaction with relevant client personnel during client evaluation processes, including explanatory follow up communication, investigation of previously unidentified transaction issues/blockers unearthed during exchanges, preparation of supplementary materials to support client evaluation
    • Evaluation of client corporate and personnel motivation circumstances to support MRM assessment of transaction engagement and execution probabilities

Key Skills & Experience:

  • Degree in mathematics or physics (Master/PhD), insurance / financial mathematics
  • 3+ years of relevant professional experience in the area of life reinsurance, life insurance, wholesale banking or related activities
  • Deep understanding of stochastic calculus, derivative pricing and risk-neutral valuation principles,
  • Comfortable working with complex models and large simulation frameworks; extreme attention to detail,
  • Professional programming experience, ideally in Python, including model implementation, testing and automation,
  • Exceptional presentation skills, particularly in the communication of complex ideas
  • Fluent English speaker (other languages also advantageous)
  • Strong analytical and conceptual skills
  • Intrinsic motivation, commercial instinct, joy in deal making

This is a job posting from:

Munich Re Markets GmbH
Mandlstraße 3
80802 München

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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