Overview

Analyst, Actuarial Risk Review

Permanent

Our client is looking to hire a Analyst in Actuarial Risk Review to join them in their London based office on a Permanent basis.

Ref: 49475

  • Location: London
  • Category: Life Actuarial
  • Type: Permanent

Overview

Key Duties:

  • Perform Model Risk reviews as planned or assigned by the Division Risk Management Committee (DRMC) or in response to major model changes. This will include:
    • Independent review of actuarial models under the company’s Model Risk Management (MRM) Framework including independent baselining and checking they comply with MRM standards
    • Ad-hoc reviews where required by DRMC
    • Monitoring of process of agreed remediation actions from past reviews
  • Reviews to cover various company’s business units and will include providing appropriate reports to management and Divisional BU/Risk Management Committees (RMCs)
  • Reports to reflect feedback and to be agreed with Model Owners
  • Reports to highlight, as appropriate, issues identified and recommend items of improvements
  • Perform validation tasks as required for the company’s Partial Internal Model (PIM) and the company’s DEC Model to include providing reports to the board, management, and DMRC covering in sufficient detail the items reviewed and any issues identified with remediation actions
  • Assist with management information reporting for reviews conducted
  • Review of model inventory risk assessment across division
  • Provide support to MRM initiatives conducted by the company, such as rollout to modelling community of Spreadsheet Guidance/best practices in MRM

 

Other Skills:

  • Demonstrates good analytical and technical skills, and an appreciation of current issues affecting their profession and the life reinsurance industry
  • Ability to challenge methodologies adopted by teams, and explain why and defend independent view
  • Able to exercise judgement
  • Ability to manage competing priorities and projects
  • Able to identify and recommend solutions to critical issues
  • Able to operate at a tactical level to achieve the objective
  • Strong report writing skills

Qualifications required:

  • Nearly qualified actuary

Experience required:

  • Knowledge of actuarial models and modelling software
  • Good understanding of life insurance industry
  • Good understanding of risk and control frameworks

Consultant

Ben Ballard

Senior Consultant – Life Actuarial

T: +44 (0)203 867 9861

Email me

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