Simene (Rolly) Molisho
London,Ontario
Summary
Motivated risk and actuarial professional (ACIA, FASSA, CERA) with 10 years of experience in the Financial Services Industry (Life Insurance and Banking) with an emphasis on Risk Modelling and Reporting (for accounting and regulatory purposes).
Overview
11
11
years of professional experience
Work History
Senior Analyst - Internal Ratings
Laurentian Bank
Toronto
03.2022 - Current
- Subject matter expert for regulatory risk-based capital
- Modeling lead in transition of bank to advanced internal ratings-based modelling approach for regulatory capital
- Support modelling team with implementation of credit risk models (probability of default, loss given default, exposure at default)
Volunteer Member - Predictive Modelling Committee
Canadian Institute Of Actuaries
04.2021 - Current
- Committee mandate to promote the role of actuaries in predictive modelling practice area and to monitor emerging issues and technologies within the predictive modelling area.
- Provide support on research (incl. peer-review of CIA research papers), drafting of practice resource documents, participating in seminars, creating content with predictive modelling focus for CIA website/blog
Senior Analyst - Credit Risk Modelling
Fairstone Financial (formerly CitiFinancial)
London, ON
07.2018 - 02.2022
- Validation of statistical models used for credit risk segmentation and to estimate credit loss forecasts (incl. decision tree, time series, age-period-cohort, linear and logistic regression models)
- Drafted and maintained model documentation for internal and external audit purposes
- Periodically reviewed/refreshed the back testing results for internal loss forecasting and provisioning models
- Conducted research and participated in initiatives to build business case for implementation of challenger models
- Led initiative to automate mathematical loan loss reserve calculation engine using SAS
- Regularly monitored key performance indicators against business plan forecasts (e.g. delinquencies, bankruptcies, recoveries, etc.)
Actuarial Consultant
Old Mutual Life Assurance
Johannesburg, South Africa
09.2016 - 02.2018
- Helped subsidiary business leaders understand actuarial calculations and implications on reserves, business profits and capital requirements on solvency.
- Led efforts to improve the actuarial function of subsidiaries, including knowledge sharing sessions with subsidiary resources.
- Corresponded with and obtained sign-off from Head of Actuarial Control function on valuation reports, regulatory capital submissions and business forecasts.
Actuarial Analyst
Old Mutual Life Assurance
Cape Town, South Africa
02.2013 - 09.2016
- Deployed and maintained technical and experience rating/pricing tools, and reserving tools (VBA, Excel) for Group Life and Disability Insurance products.
- Running data extraction queries (SQL) and calculations for actuarial reserves
- Produced actuarial tables for internal mortality experience studies.
Education
Associate Canadian Institute of Actuaries (ACIA) -
Canadian Institute of Actuaries
Ottawa, ON06.2020
Chartered Enterprise Risk Actuary (CERA) -
CERA Global Association
11.2019
Fellow Actuarial Society of South Africa (FASSA) -
Actuarial Society of South Africa
Cape Town, South Africa10.2019
Bachelor of Business Science - Actuarial Science
University of Cape Town
Cape Town, South Africa12.2012
Skills
- Problem-solving
- Analytical thinking
- Business writing
- Research and documentation
- Task prioritization
- Risk modelling
- Coding (SAS, SQL, R, Python)
Prerequisite Courses Requirement
Mathematics I (MAM1000W - 74%)
- Derivatives and Integrals
- Differential Equations
- Sequences and Series (incl. Taylor Maclaurin series)
- Linear Algebra (incl. matrices, vectors and their applications)
Statistics (STA1006S - 72%, STA2005S - 75%, STA3041 - 71%, STA 3043 - 75%)
- Elementary Statistics (incl. probability theory and hypothesis testing)
- Generalized Linear Models
- Stochastic Processes and Time Series
- Statistical Modelling and Bayesian Analysis
Programming Experience
- University experience (R)
- Work-based experience (SQL, SAS)
- Udemy Online Courses (Python)
Additional Information
- Predictive Analytics Seminar: Applications in Related Industries (Guest Speaker, Joint Seminar by SOA, CAS and CIA, 2023)
- South African Elusive Actuarial Success in Banking Opportunities (CIA Podcast, 2022)
- AI Ethics and Regulation in Insurance: Actuaries Uniquely Positioned for Success (Co-authored CIA Article, 2021)
- The Future of COVID-19 in Ontario: Variants, Vaccines, and Avoiding Future Waves (Peer-reviewed Research Paper, published by CIA, 2021)
Timeline
Senior Analyst - Internal Ratings
Laurentian Bank
03.2022 - Current
Volunteer Member - Predictive Modelling Committee
Canadian Institute Of Actuaries
04.2021 - Current
Senior Analyst - Credit Risk Modelling
Fairstone Financial (formerly CitiFinancial)
07.2018 - 02.2022
Actuarial Consultant
Old Mutual Life Assurance
09.2016 - 02.2018
Actuarial Analyst
Old Mutual Life Assurance
02.2013 - 09.2016
Associate Canadian Institute of Actuaries (ACIA) -
Canadian Institute of Actuaries
Chartered Enterprise Risk Actuary (CERA) -
CERA Global Association
Fellow Actuarial Society of South Africa (FASSA) -
Actuarial Society of South Africa
Bachelor of Business Science - Actuarial Science
University of Cape Town