Business Consultant in Insurance Compliance/Solvency II

Location: Warsaw, PL

Who we are

SimCorp is a provider of investment management solutions to the world’s largest asset managers, fund managers, asset servicers, pension and insurance funds, wealth managers, banks and sovereign wealth funds. We are 2300+ employees from 50+ nationalities dedicated to supporting our 200+ clients across the globe. We celebrate multiple approaches and points of view and together we are building a culture where difference is valued.

SimCorp continuously enhances the portfolio of offerings to remain at the forefront of industry’s technology and trends with service offering (SaaS and BPaaS) at the top of priority list. You will be part of a success story and a company that continues to grow, offering a lot of interesting opportunities. Within the Regulatory Center of Excellence we are designing solutions to enable our clients to stay compliant based on multiple regulatory requirements. We are now expanding the Solvency II team, looking for a hands-on Business Consultant in Insurance Compliance to join the team.

The position

At Regulatory Center of Excellence you will work with experienced and supportive colleagues who are experts in providing solutions and services to the SimCorp market units globally. The unique combination of market experience in the area of regulations and SimCorp Dimension expertise create an environment of quick learning. The global reach of Regulatory Center of Excellence will give you exposure to different market units and multiple parts of SimCorp's internal organization.

Solvency II is based on a three-pillar architecture pursuing to judge about the overall solvability of insurance undertakings. The requirements of the three pillars focus on quantitative aspects (Solvency Capital Requirements, SCR) but also on qualitative requirements (risk management processes) and public disclosure. In summary, the content of the three pillars is

Pillar 1:                     Quantitative requirements (Minimum Capital Requirement (MCR) and Solvency Capital Requirement (SCR))

Pillar 2:                     Qualitative requirements (risk management system, risk management processes)

Pillar 3:                     Regulatory reporting and public disclosure

Solvency II directly affects insurance companies which are located in the European Union. Since the decomposition of funds (look through) is one of the core requirements, Solvency II is also relevant for asset managers and fund managers, in particular the so-called TPT-template has become a market standard for exchange of S2-related data between insurance companies and fund/asset managers.

To comply with the Solvency II requirements, SimCorp provides clients market-proven and cost-efficient Standard Solutions for Pillar 1, Pillar 2 and Pillar 3 on the insurance side and for the TPT on the asset management side.

Your main task will be to support the Solvency II team in defining, implementing and delivering Solvency II-related services to SimCorp´s Solvency II client base, initial with a focus on Pillar 1.

Key Responsibilities:

  • Configuration, testing and maintenance of Solvency II Standard Solutions in SimCorp Dimension (Strategy Manager, Portfolio Calculation, Data Warehouse)
  • Continuous monitoring of the relevant regulatory environment
  • Support for the design of the Solvency II solutions
  • Perform and document release/unit tests
  • Delivery of a detailed documentation containing business information, standard configuration, testing and performed changes for regulatory changes and for improvements of the Solvency II Standards.
  • Implementation of Solvency II configurations in customers’ installations
  • Support clients during user acceptance tests
  • Preparation and execution of Solvency II user meetings
  • Interaction with customers and other market participants (industry organizations like AFG, BVI, ALFI or local authorities like AMF or BaFin) to discuss requirements
  • Present SimCorp Dimension (focusing on Strategy Manager, Portfolio Calculation and Data Warehouse) to clients and prospects
  • Support Presales Managers in RFI/RFP processes
  • Actively participate in know-how exchange with colleagues on an international level

Your Qualifications:

  • You have master’s degree in finance, economics, maths, law, computer science or engineering
  • You have broad financial market knowledge gained through several years of experience, ideally in the financial sector in one of the following fields: front office, middle office, fund accounting, consulting or professional services within the financial sector or implementation role for a software vendor
  • You are familiar with a broad range of asset classes and financial instrument types, including derivatives and the underlying mathematical valuation models of these
  • You have working knowledge of insurance regulations
  • You can read, understand, and interpret regulatory texts (legal ordinances, law texts, guidelines, implementing technical standards...) or are willing to build up and incorporate these qualifications.
  • You are interested in analysis, design and implementation of regulatory requirements in a software system. Experience in Solvency II and in particular in the valuation and stress testing of financial instrument is a benefit.
  • You can act proactively within your frequent customer interactions
  • You act professionally and you have excellent communication and presentation skills
  • You enjoy coaching and transferring your knowledge proactively
  • You are service-oriented
  • You are fluent in English

Additionally, these skills are a plus:

  • CFA level 1-3, GARP or PRMIA
  • SQL, XML, Excel (expert level)
  • Practical experience in Solvency II systems like Tagetik, zeb/control, Solvara, Second Floor etc.
  • Language skills like German, French, Italian, Spanish


  • Flexible working hours –possibility to work from home
  • Private medical care (Medicover)
  • Sharing the costs of sports activities (Multisport Card)
  • Life insurance
  • Possibility to develop your career in an international environment
  • Professional training and courses
  • English and German language classes
  • Integration events and charity projects


Please click below to apply. Please note only applications sent through our system will be processed. 

Applications are continuously assessed, so please send your CV in English as soon as possible. If you are interested in being a part of SimCorp but are not sure this role is the right fit, submit your CV anyway. SimCorp is on an exciting growth journey, and our Talent Acquisition Team is ready to help you discover the right role for you. The approximate time to consider your CV is three weeks.   

We are eager to continually improve our talent acquisition process and make everyone’s experience positive and valuable. Therefore, during the process we will ask you to provide your feedback, which is highly appreciated.