Working Student Curves & ESG Methodology

Would you like to gain valuable experience in the domain of curve construction and the economic scenario generator (ESG) in Aegon’s methodology team? Are you analytical, a self-starter and detail-oriented? Then perhaps you will be our new working student!

The job in a nutshell

Aegon is exposed to various risks, for example due to changes in interest rates of equity markets. Changes in interest rates or equity prices affect the value of Aegon’s investments and liabilities (the products that Aegon sells). To value Aegon’s assets and liabilities under various scenarios, discount curves are needed. In some cases, a large number of possible economic conditions need to be simulated with an economic scenario generator to calculate the value of products with embedded investment guarantees.

The Curves & ESG domain is responsible for developing the methodology behind the construction of discount curves and the economic scenario generator. The team also runs the various models on a monthly basis. You will assist in running the models, which requires a keen eye for detail, and reporting the output to various stakeholders. Moreover, you will support in testing model changes that have been implemented by the model development team and will document testing results. If you are comfortable with presenting model change results to management, you will have the opportunity to do so.

This is your future position, because you:

• Are currently studying for a master’s degree in a quantitative field, such as econometrics, mathematics, physics, or quantitative finance;
• feel energised by working for a large financial institution;
• work detail-oriented and structured;
• are a talent in documenting;
• are experienced with excel (experience with programming would be a plus);
• are available for at least 3 days a week starting from August 2023 for a minimum of 6 months.

Who will be your new colleagues?

You will be working under the direct supervision of the Financial Risk Management methodology team and you will have colleagues with significant experience in quantitative modelling. The FRM methodology team is responsible for a wide variety of models at Aegon, including some of the key models underlying Aegon’s capital calculations.

What will you be getting?

• A working student allowance of €2435 based on 40 hours a week;
• A personal laptop from the office you can borrow during your time at Aegon;
• Personal guidance by one of our professionals;
• Free membership at Young Aegon;
• A chance to join our onboarding program for new colleagues and get a broader perspective of our organization.

About Aegon

People are living longer, and at Aegon we are excited by the opportunities this brings. We are here for everyone who wants to make the most of their time on our planet and leave it a little better than they found it. Aegon is a coordinated, diversified, international financial services group. We are here to support every stage of a long, healthy life with mentorship, financial advice, and propositions. With our solutions for investment, protection, and retirement, we give people the confidence to make the right choices for their future.

To succeed in our mission, we are looking for curious, ambitious and empathic employees who dare to speak out and finish what they start. At Aegon, we are committed to encouraging a diverse workforce and an inclusive culture. We are more than a Financial Institution – we are a people business, and we recognize that delivering excellent client outcomes comes from harnessing distinct perspectives. We value diversity in the full range of human uniqueness without limitation including race, gender, ability, language, culture, beliefs, age, origin, background, perspectives and experiences.

Aegon the Netherlands and a.s.r. have decided to continue together as a.s.r. If you apply for this vacancy, you will receive more information from the Talent Acquisition Business Partner about what this means for your application process.

Enthusiastic? Apply!

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