Risk Actuary

  • 37849
  • Life - Actuarial
  • |
  • England
  • |
  • Jul 31, 2020
Insurance
RESPONSIBILITIES
  • You'll lead key areas of risk quantification work such as aggregate stress and scenario testing exercises across the Group, development of quantification of risk appetite and limits and analysis of risk profile and associated exposure.
  • Support other risk actuaries in the team on model validation of the internal capital and risk models across the Group. This will include understanding and challenging key assumptions, methodologies and limitations of the models, preparing validation reports and communicating findings to modelling teams.
  • You will support the production of regulatory processes and submissions, including ORSA, and ad-hoc risk MI and risk monitoring and reporting, including preparing presentations, performing specific risk reviews, etc.
  • Manage and co-ordinate key deliverables for areas of responsibility within the team.
  • Communicating with senior stakeholders from all areas of the Group on risk management and risk quantification aspects.
  • Developing business stakeholder relationships as a key point of contact on risk management issues, and work cohesively with the broader risk function including the Capital Management, Reserving and Modelling teams, whilst maintaining second line of defense challenge.
  • Support the continued embedding and enhancement of the risk management framework across the business.
  • Keeping up to date with emerging risks, regulatory requirements and risk management trends.
QUALIFICATIONS
  • A qualified actuary or equivalent experience with strong quantitative and analytical skills, experienced preferably in capital and risk modelling, risk appetite and model validation. Consideration will be given to those with strong numerate qualifications and applicable technical experience.
  • In-depth risk and actuarial professional and commercial knowledge.
  • Extensive knowledge of key risk types as they apply to retail / commercial insurance.
  • Highly developed communication skills to work with people at all levels and ability to communicate technical concepts in non-technical commercial language.
  • Strong understanding and experience of Solvency II and equivalent regulatory actuarial and risk requirements and related reporting.
  • Experience producing risk reporting and presenting to stakeholders including senior management / Board members.
  • Proven experience managing deliverables and leading projects and teams.
  • Ability to identify and articulate emerging risks and external risk trends.
  • Enthusiastic, energetic and pro-active individual with proven experience to lead risk and actuarial topics.
  • Ability to quickly understand the macro view, complexity and business needs. Be able to assess implications, see beyond current state and translate ideas into tangible plans and innovative solutions within constraints.
  • A great communicator with ability to combine persuasion and negotiation skills with leadership and influencing qualities to encourage stakeholders to positively respond to questions, inquiries and requests.
  • Results driven, with the energy and determination to succeed in a very fast paced environment where high quality, response time and leadership is critical.
  • Demonstration of critical thinking with curiosity beyond own area of focus.
  • Exercise sound judgment with views and opinions that offer commercial and technical insight.
  • Ability to organize and multi-task effectively, to plan, priorities and structure work, meet deadlines, achieve goals, and work in a dynamic and complex environment.
  • Demonstrates a clear ability to motivate more junior members of the team to support their development.
  • Delegating tasks to other members of the team sufficiently, while retaining ownership.
  • Develop, manage and maintain multiple stakeholder relationships across all levels of the business.
  • Ability to think on your feet and respond to stakeholders and situations professionally under pressure.
  • Pride in delivery and fully accountable for areas of responsibility.