Associate - Natural Catastrophes & Climate Risk Management
WTW
Associate - Natural Catastrophes & Climate Risk Management
2 days ago by WTW
The Role
- Support on a wide range of consulting projects involving the undertaking of catastrophe risk engineering assessments of operational / construction risk projects including presentation of findings to internal and external clients
- Initially support and work towards leading catastrophe risk engineering assessments and catastrophe modelling analysis, also by utilizing the catastrophe risk model as well as help to support the Physical Risk team in consulting projects on behalf of WTW's corporate clients
- Develop the Natural Catastrophe and Climate Risk Management Business with focus on EMEA.
- Developing and applying innovative approaches for identifying and assessing natural hazard and climate risks for regions where no standardized risk assessment tools, vulnerability functions or catastrophe models exist
- The role would also include helping to prepare and present output data from the models to support actuarial analyses and wider Risk & Analytics consulting projects
- Day to day tasks can also include cat risk engineering type assessments, 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 and the review, interpretation and validation of the output in light of underlying modelling assumptions and their limitations in respect to retail projects
The Requirements
- Strong analytical, engineering-, construction, science- and/or mathematical-based background with interest in the area of natural hazard and climate risk (including earthquake, wind, tsunami and flood)
- In depth understanding of the catastrophe and climate risk consulting arena as well as good business development / presentation skills
- Highly motivated team player and able to thrive in a growing consultancy team environment and is able to build up and lead a catastrophe and climate risk focused team
- Where possible, experience in using third party catastrophe models such as RMS, Verisk, RQE, JBA, Fathom, KatRisk or at least a good level of understanding of probabilistic and catastrophe modelling concepts
- Knowledge of databases (SQL, MS Access), programming languages (VBA, R, Python), and GIS software (QGIS, GRASS, Arc GIS) is an advantage
- Able to communicate scientific, statistical, mathematical, and financial concepts to non- technical audiences
- Ideally project management experience in catastrophe and climate modelling projects
- Insurance market experience and understanding of policy structures for catastrophe risks would be an advantage as well as solid analytical skills, including the ability to find ways to use available data sources to answer questions and solve problems
- Flood modelling experience utilizing software such as TUFLOW, HEC - RAS, MIKE etc. would be an advantage.
Skills Summary
- Technical Expertise: Catastrophe & climate risk assessment, probabilistic modelling, risk engineering, data analysis.
- Software Proficiency: RMS, Verisk, RQE, SQL, MS Access, VBA, R, Python, QGIS, GRASS, ArcGIS.
- Business Skills: Leadership, business development, project & client management.
- Communication: Strong presentation, technical writing, and ability to simplify complex ideas.
- Industry Knowledge: Natural hazards, climate risks, insurance structures, corporate risk management.
- Personal Attributes: Analytical, problem-solver, proactive, collaborative.
Equal Opportunity Employer
At WTW, we believe difference makes us stronger. We want our workforce to reflect the different and varied markets we operate in and to build a culture of inclusivity that makes colleagues feel welcome, valued and empowered to bring their whole selves to work every day. We are an equal opportunity employer committed to fostering an inclusive work environment throughout our organisation. We embrace all types of diversity.
At WTW, we trust you to know your work and the people, tools and environment you need to be successful. The majority of our colleagues work in a ”hybrid” style, with a mix of remote, in-person and in-office interactions dependent on the needs of the team, role and clients. Our flexibility is rooted in trust and “hybrid” is not a one-size-fits-all solution.
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Reference: 54899260