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Quantitative Risk Modeling Lead

Ryan Specialty Group

Chicago, Illinois

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JOB DETAILS
SKILLS
Actuarial Skills, Analysis Skills, Artificial Intelligence (AI), Asset Management, Balance Sheet, Bank Management, Calibration, Cisco ASA (Adaptive Security Appliance), Credit Insurance, Credit Risk, Cross-Functional, Data Analysis, Develop Methodologies, Entrepreneurship, Finance, Flexible Spending Accounts, Insurance, Insurance Underwriting, Investment Management, Leadership, LifeTime Value (LTV), Loan Structuring, Management Strategy, Market Research, Multitasking, Portfolio Analysis, Problem Solving Skills, Production Control, Project/Program Management, Real Estate, Risk, Risk Analysis, Risk Management, Risk Modeling, Statistical Modeling, Stochastic Analysis, Stress Testing, Team Player, Thought Leadership, Underwriting
LOCATION
Chicago, Illinois
POSTED
1 day ago
Position Summary
As a Quantitative Risk Modeling Led in the Ryan Credit Solutions department at Ryan Specialty, you will leverage your actuarial and quantitative expertise to shape the underwriting framework of complex credit insurance transactions. This role is designed for an experienced professional who can lead the development and implementation of advanced quantitative models, oversee and guide analysts, review work performed by analysts, manage multiple projects effectively, and has a strong familiarity with insurance company balance sheets, reserving protocols, NAIC capital implications, and statistical approaches to risk assessment.

You will be responsible for translating traditional insurance methodologies into innovative approaches for the credit insurance market-helping to align actuarial rigor with transaction-level underwriting and portfolio risk management. The ideal candidate combines technical expertise with the ability to influence underwriting practices, contribute to methodology development, and provide leadership across cross-functional teams.

Ryan Credit Solutions employs a research-driven, team-oriented, and results-focused approach to creating innovative solutions for institutional investors. We operate in a fast-paced, entrepreneurial environment where intellectual curiosity, technical precision, and collaborative problem-solving are highly valued.

About Us:

Ryan Specialty is a dynamic and fast-paced environment where innovation and collaboration drive our success. If you are a strategic thinker with a passion for driving results and fostering teamwork, we want to hear from you!

• Ryan Alternative Risk, Credit Solutions, a division of Ryan Specialty, is a managing general underwriter focused on delivering innovative credit insurance solutions for institutional investors. We specialize in structuring and underwriting transactions across credit wraps, fund finance, NAV lending, structured credit enhancements, and other complex risk-transfer strategies.

• Our team combines deep expertise in credit markets with a research-driven, team-oriented approach to underwriting. We partner with banks, asset managers, and insurers to create bespoke solutions that address evolving market needs. As part of the Ryan Specialty platform, we operate at the intersection of institutional scale and entrepreneurial agility, guided by a culture that values innovation, collaboration, and excellence.

What will your job entail?

Key Responsibilities:
  • Lead the application of actuarial and quantitative methods to the underwriting of credit insurance transactions.
  • Translate traditional insurance frameworks (reserving, NAIC capital considerations, risk-based capital) into structured credit underwriting practices.
  • Lead the development and maintenance of stochastic risk models covering credit, real estate, and equity type assets that can be applied to individual transactions as well as overall portfolio.
  • Lead the development of models that use inputs from stochastic asset models and super impose asset and product structures such as the presence of subordinated tranches, LTV triggers etc to calculate insurance premiums and losses
  • Lead overall analysis efforts to derive and set assumptions and model calibration targets for credit risks; this will include identification of appropriate data, analysis of the data using AI/ML tools, building and refining models using regression analysis and ML tools, and oversee implementation and production.
  • Responsible for model risk management for models built and maintained
  • Evaluate insurance company balance sheets, reserving practices, and capital adequacy in counterparty assessments.
  • Develop and refine internal risk frameworks, actuarial methodologies, and reserving protocols for credit insurance.
  • Research: Drive research initiatives to explore new modeling methodologies and techniques, staying abreast of industry advancements.
  • Provide thought leadership in the use of statistical modeling, stress testing, and portfolio-level analytics.
  • Collaborate with underwriters, senior management, and insurance partners to ensure alignment of actuarial standards with credit risk methodologies.
  • Ad-Hoc Analytics: Lead ad-hoc analytics projects to address specific business needs and challenges.
  • Other Duties: Perform additional duties as assigned, contributing to the overall success of the risk modeling team.
Qualifications:
  • Education: Bachelor's degree required; actuarial credentials (ASA, FSA) or advanced quantitative degree strongly preferred.
  • Experience: 10+ years of experience in quantitative underwriting roles, actuarial and insurance analytics a plus.
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Ryan Specialty Group

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