Model Validation Officer

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Our organisation

Ageas is a listed international insurance Group with a heritage spanning of 200 years, offering Retail and Business customers Life and Non-Life insurance, and is also engaged in reinsurance activities. As an international insurance company, Ageas concentrates its activities in Europe and Asia through a combination of wholly owned subsidiaries and long-term partnerships with strong financial institutions and key distributors. Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of about 50,000 people and reported annual inflows of over EUR 19.6 billion in 2025.

 

Ageas aims to be a Great place to Grow for all its people, while always staying true to its four values: care, share, deliver and dare. Ageas strives to create a truly inclusive company – attracting the most talented people and offering a working environment where everyone feels they belong, collaborates to achieve our common ambitions and is recognized for their contribution. Ageas encourages its people to think and act differently, to speak up, to be themselves and to contribute their individual skills. For Ageas, diversity and inclusion is a business imperative, providing us with the foundation to achieve sustainable business results across different markets.

 

Ageas has been re-certified as Top Employer in 2026.

 

The vibrant Ageas Corporate Centre in Brussels is home to a variety of Group level functions including, amongst others, Risk, Finance, Legal & Compliance, Investor Relations, Human Resources, Strategy, Business Development and Corporate Communications. It sets out the long term strategy for Ageas and coordinates numerous initiatives across the Group to help realise the strategic ambitions. The Corporate Centre also facilitates knowledge and skills sharing amongst its local operating entities and JV’s, creating strong connections and leveraging on local strengths. It represents the Ageas Group towards external parties, managing relations with analysts, retail and institutional investors, regulators, rating agencies and the media.

Your function

As Model Validation Officer, you will join the team ‘Model Validation and Actuarial Function’. Model validation is part of the risk function and centralized at corporate center for the entire Ageas group. 

 

Model validation provides an independent opinion of the model appropriateness. Validation is a fundamental Solvency II requirement for institutions willing to qualify for an internal model approach to determine regulatory capital requirements and also after qualification. This requires insurance institutions to demonstrate that they have in place a rigorous process by which they can establish whether their internal model framework is sound or whether improvements are needed. Model Validation also reflects on internal management priorities and covering all aspects of the internal model environment. Validation covers all the aspects of a model (strategy, data quality, methodology, testing, use-test…) and plays a role during the whole model life cycle (model development, review, change).

 

Your role contains the validation of Solvency II capital and valuation models – including underlying sub-models – for the whole group. A Validation Officer at Ageas validates models in the following areas: underwriting (life, health and non-life), financial (market, default) and other risks.

 

You validate capital and valuation models at group level and within the operational entities. This includes validation of the model strategy, methodology, data, computational aspects and processes:

• You give an opinion on the conceptual and theoretical soundness of model methodology and assumptions;
• You validate the correct implementation of the methodology in the chosen tool or code;
• You validate the quality of the data used in the model;
• You validate the model usage (use-test);
• You follow up with the model manager on recommendations of previous validation missions;
• You establish the validation report intended for the management and the regulator;
• You present the validation conclusions to the Model Control Board, at Group and at local level;
• You participate to the continuous enhancement of the validation methodology;
• You participate in a strong technical team of PhD’s.

Your profile

• You have a strong quantitative background (Actuarial Sciences, Master or PhD in Mathematics, Statistics, Physics, or Civil Engineer);
• You have a critical, conceptual and process oriented mindset;
• You are open-minded and have good analytical skills;
• Knowledge of Solvency II (Pillar 1 and 2) is a plus;
• You are able to have rapidly a deep understanding of new tools and techniques;
• These strong cognitive and analytical competencies should be combined with a general view and ability to single out the essentials in a mass of complex information;
• You have a good knowledge of coding (Matlab, R, Python, LaTex…);
• You have good communication skills, both orally and written;
• You respect deadlines related to the assignments received;
• You are proactive, flexible and able to work on an independent basis;
• You speak fluently English.

Our offer

• The possibility of (maximum 50%) home working;
• A dynamic, multicultural working environment;
• An interesting and extensive salary package (including meal vouchers, eco vouchers, hospitalization, disability and group insurance, additional child benefit, mobile allowance and intervention in the internet reimbursement, ...);
• The possibility to optimize part of your salary package through a flexible income plan;
• A corporate culture where you are encouraged to share your views and opinions;
• A flat organizational structure with close collaboration and communication with management and cross departments;
• A company car with charging card;
• An extensive range of learning & development opportunities through our online learning platform;
• The opportunity to further develop yourself and to be part of a great team at a Top employer in Belgium. Find out more about it here.

Interested?

Please apply online. We are looking forward to talking to you!