At a Glance
- Tasks: Design and build models for asset management and dynamic hedging strategies.
- Company: Join Milliman, a leading actuarial consulting firm with a collaborative culture.
- Benefits: Enjoy competitive salary, flexible work arrangements, and support for learning and development.
- Other info: Opportunities for travel and attendance at industry conferences.
- Why this job: Gain invaluable experience in quantitative analysis and make a real impact in financial risk management.
- Qualifications: 3-5 years of quantitative experience and proficiency in Excel and Python.
The predicted salary is between 82800 - 101200 $ per year.
Milliman is an actuarial consulting business which has been around for just over 70 years with about 5,000 people globally. Our Financial Risk Management (FRM) practice is built on decades of actuarial work, helping institutional clients assess and manage their risk. Established in 1998, our practice has a well-established history, advising on and managing client assets for more than 25 years. We provide investment advisory, derivative execution, hedging, and consulting services on more than AUD $350 billion in global assets (as of 31st December, 2025).
We have a focused, multi-disciplinary team of more than 200 actuaries, financial engineers/capital market professionals, and technologists working together to develop leading investment and risk management solutions for the financial services industry. Our culture is highly collaborative with value placed on high quality work and innovation.
The Milliman FRM team is seeking a bright, enthusiastic Quantitative Analyst to join its Actuarial/Quantitative team in Sydney. Our Sydney office is a close-knit team with a unique intersection of actuarial and capital markets expertise carrying a strong heritage of managing financial market risks for institutional investors. Our team is on a strong growth trajectory and focused on delivering sophisticated investment solutions spanning derivative overlays for superannuation, hedging and ALM programs for global insurers and systematic risk management strategies for managed accounts.
Your Role/What You’ll Do:
- Support the quantitative development of key liability and asset models supporting large-scale and sophisticated ALM and dynamic hedging mandates.
- Provide quantitative modelling for consulting projects with a focus on retirement income strategy and retirement product development.
- Design and build models to support ALM and dynamic hedging programs to manage market risks for insurers.
- Generate key performance, risk and stress reporting to our clients for these mandates.
- Develop and maintain stochastic models for modelling retirement income strategies and products, embedded guarantee products and systematic investment strategies.
- Provide quantitative support into the development of derivative valuation, risk and attribution models underpinning Milliman’s derivative overlay services for superannuation funds.
- Collaborate with non-Actuarial teams within the global Financial Risk Management practice to enhance our quantitative modelling capability.
- Leverage both internally developed models and systems as well as external platforms such as Bloomberg MARS.
- Collaborate closely with capital markets, quantitative developers, and other global Milliman teams to deliver at the highest level for our clients.
- Present key deliverables to internal and external stakeholders.
Requirements For Ideal Candidates:
- 3-5 years of quantitative experience in investments, market risk management or retirement income products.
- Understanding of capital markets and modern finance concepts (option pricing, portfolio theory, etc).
- Proficiency in Excel and Python; experience with SQL, PowerBI, R, C++, C# and other programming languages is a plus.
- Strong analytical and creative problem-solving skills.
- Excellent project management skills, including communication and time management skills.
- Self-motivated individual with a sense of intellectual curiosity and results-oriented work ethic.
- Sharp critical thinking skills, sound judgment and decision-making ability.
- An inherent sense of the value of collaboration.
Benefits:
- Competitive salary and bonus.
- Flexible hybrid work arrangements (3 days in the office, 2 days where you like).
- Support for learning and development, including paid study and leave.
- Opportunities to travel domestically and overseas.
- Opportunities to attend and present at relevant industry conferences.
- Wellbeing initiatives, including Employee Assistance Program.
Sponsorship: Only Australian Citizens or Permanent Residents will be considered for this role. Milliman is an Equal Opportunity Employer.
Quantitative Analyst employer: Milliman
Milliman offers a dynamic and supportive work environment in the heart of Sydney CBD, where interns can gain invaluable hands-on experience in investment analysis and portfolio management. With a strong emphasis on collaboration and professional growth, employees are encouraged to develop their skills through meaningful projects and mentorship from experienced professionals. The company’s commitment to equal opportunity and flexible working arrangements further enhances its appeal as an employer of choice for aspiring finance professionals.
