The actuarial brand in banking

Kennisbank •

In thinking about how actuaries could bolster their brand in banking, a fellow banking actuary asked an important question – Why does the banking sector need actuaries?

The actuarial brand in banking

You tend to meet a healthy supply of actuarial graduates in meeting rooms (or now zoom rooms) of major banks, despite there not being a specific statutory role. It may follow that the quantitative risk management skillset translates well from traditional actuarial sectors

into banking. What is less clear is whether there is anything specific to the actuarial profession that sets us apart from other similar specialties, when it comes to the banking context. What are the key focus areas where actuaries can add value within banking in the next five years? 

 

To get a better understanding, I interviewed two fellow banking actuaries – Steve Nagle, Banking and Capital Markets Partner, Ernst & Young (and the source of the wise question at the top of this article) and Benjamin Young, Stress Testing Manager, APRA.

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Over de auteur

Pooja Nagarajan

is a banking actuary who has worked in the bank risk modelling space in both Sydney and London for 10+ years. Currently she is a Director in the Institutional Bank Capital Management team at CBA.