Junior Stochastic Modeller

CR0 2NA, Croydon
£37,000 to £40,000 per annum plus Civil Service Pension
10 Nov 2023
03 Dec 2023
Contract Type
Full Time

Junior Stochastic Modeller 

Location: Croydon office location with Hybrid working 

Salary: £37,000 to £40,000 per annum plus Civil Service Pension 

Contract Type: Permanent 

Position type: Full Time 


We’re the Pension Protection Fund. We protect millions of people in the UK who belong to defined benefit pension schemes. When these schemes fail, we’re ready to help. 


We do this by paying our members, by charging a levy and by investing sustainably. Our work has a real impact on people’s lives, so we strive to do it well, with integrity and their future in mind. 


The PPF is delighted to announce the expansion of our Actuarial Risk & Modelling team.  We are looking for a Junior Stochastic Modeller to join the team within this newly created position. 


The role will form part of the Actuarial Risk & Modelling team, which is responsible for running the Economic Scenario Model (ESM) and for the development and operation of the Long-Term Risk Model (LTRM). These are complex stochastic models that are used to monitor the PPF’s financial resilience and to assess risks to our funding objective. 


More specifically, the Junior Stochastic Modeller will be involved in designing, writing and testing code in Tyche for the LTRM, setting up and running the ESM and the LTRM, and analysing the results of these stochastic models, and will develop an understanding of inputs, methodologies, and outputs of the LTRM. 


Our ideal applicant will hold a graduate level qualification or equivalent in scientific fields with in-depth knowledge of statistics and probabilities, they will be able to demonstrate relevant experience of stochastic modelling in a financial institution, consultancy firm or academia, with a proficiency in a high-level coding language (e.g., Python or R).  Applicants must be able to demonstrate that they have strong numerical and analytical skills with the ability to plan work, dealing with conflicting priorities and ensuring deadlines are met. 


Sound like you? Apply now.


In return for your skills, experience and commitment we’ll give you a challenging role within a business where you’ll get the support you need to develop your career. 


We’ll also give you lots of opportunities for personal development and skills training. 


Our Croydon office is just across the road from East Croydon station, which is around 15 minutes from Victoria or London Bridge, 10 minutes from Clapham Junction or half an hour from St Pancras. 


We’re proud to be a Disability Confident Leader, the highest accreditation under the Disability Confident Scheme. If you have a disability and meet the essential criteria for this role you will be guaranteed an interview. 


We embrace diverse talent welcoming people with different beliefs, backgrounds and ways of working. Whatever your background, and however you identify, you’ll be welcome here. 


We’re happy to talk about flexible working 


No agencies please