Dear Colleagues,
Please find below information relating to a new internship vacancy for a PhD student. Please contact
Vera Hazelwood for further information.
Best, Kevin Glazebrook
From: Gillian Hoyle [mailto:[log in to unmask]]
Sent: 27 April 2010 15:51
To: [log in to unmask]
Cc: [log in to unmask]
Subject: New Internship Vacancy: Statistical Modelling in Finance
Dear Colleague,
We have received a new internship vacancy with Liberty Syndicates (based in London).
We are looking for a PhD student and an academic collaborator for this project and I hope
that you could forward this information to any colleagues and students who might be interested.
Alternatively, I would be very grateful for any suggestions of academics or students for me to
approach directly. There are certain requirements and conditions for an internship, namely, to apply
for an internship a student must be
* A current PhD student enrolled in a UK university preferably in the second or further year.
* Be prepared to be based at the company during the project for at least 3 days a week.
* Have an interest and expertise in the area of the internship.
The following conditions apply for an internship project:
* A student receives a stipend of £1,500 per month during the project. All travel or relocation
expenses are paid for separately.
* A student still has the same time to complete PhD studies as funding for the internship is
provided separately from PhD funding and the duration of the PhD is extended without
affecting completion rates.
* The Intern remains a student at the University; he/she will not be an employee of the
company during the Internship but will be based at the company's premises.
Additional information about the programme is available at www.ktn-internships.net .
Please encourage people to get in touch with me if they are interested in any of the projects.
Many thanks in advance and best wishes,
Kind regards,
Vera
Liberty Syndicates (London): Capital Analyst - Application and Statistical Validation of the Internal Model under Solvency II
Liberty Syndicates <http://www.libertysyndicates.com/> are seeking an academic partner and a PhD student for an Industrial Mathematics Internship.
Description of proposed work plan
Solvency II is being implemented at the end of October in 2012. Solvency II is a risk based framework for all insurers based in the EU which will harmonise standards across the EU. Firms will develop a Calculation Kernel (stochastic model / DFA) within an Internal Model structure.
In the UK firms have been developing stochastic models since 2005 under the Individual Capital Assessment (ICA) regime. Although there are some similarities between Solvency II and ICA there are some key differences which will require large scale developments to the DFA model. Undertakings will need to develop how these models are embedded within the decision making process and there are eight standards which need to be demonstrated to the regulator to be able to use an Internal Model. The Regulator will be conducting a 'dry run' or 'pre approval process' for Solvency II during 2010.
The intern will be involved within the implementation of Solvency II Internal Model Standards to meet the Lloyd's (Regulator) Dry Run deadlines for 2010.
The main areas of focus will be around :
Use Test & process documentation
* Developing and enhancing optimisation tools
* Developing and enhancing capital allocation techniques
* Enhancing current 'Use Test' processes
Statistical Quality
* Developing Data Policy including process for analysing 'Data Quality'
* Assisting with the dependency investigations
* Documentation of parameterisation exercise and analysis of methodologies within the Calculation Kernel
Duration of the project:
6 months
Company location
London
For more details and to apply for this internship, please email Vera Hazelwood <mailto:[log in to unmask]> at the Industrial Mathematics KTN.
Dr Vera Hazelwood
Programme Manager
Knowledge Transfer Network for Industrial Mathematics <http://www.industrialmaths.net/>
Office: + 44 (0)1483 565252
Mobile: +44 (0)7875 401 570
email: [log in to unmask]
You may leave the list at any time by sending the command
SIGNOFF allstat
to [log in to unmask], leaving the subject line blank.
|