Overview

MODEL RISK ACTUARY, DIVISIONAL | 30166

You will work with a diverse range of teams and innovative models spanning Reporting, Pricing, R&D, Capital Management, Business Planning and Underwriting. Models will range from traditional actuarial models to novel AI solutions. The role offers exposure to a variety of modelling platforms, methodologies, and business applications, while providing the opportunity to develop and apply actuarial judgement and critical thinking to identify risks and drive continuous improvement of modelling practices.

Ref: 30166

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

Overview

Key responsibilities including but not limited to the following:

 

  • Scheduled independent reviews of actuarial models under Model Risk Management (MRM) Framework
  • Targeted reviews in response to specific business requests, operational events or major model change
  • Monitoring and reviewing model owners’ progress in addressing agreed remediation actions from previous reviews
  • Develop and deliver model risk management information for business leaders
  • Identify recurring model risk themes and deliver strategic model risk, governance and process improvement initiatives
  • Present findings and recommendations clearly to model owners, senior leaders and wider business stakeholders
  • Drive collaboration on strategic improvements between Line 1 delivery teams and Model Risk
  • Take ownership of complex reviews and initiatives, coordinate input from reviewers and stakeholders, contribute to review priorities, and support the development of junior colleagues

 

Qualifications required:

  • Qualified Actuary

Experience required:

  • Relevant experience in actuarial modelling, model validation or risk oversight
  • Good knowledge of actuarial model solutions and modelling software
  • Good understanding of life insurance & reinsurance industry
  • Understanding of effective governance, control design, documentation, testing and review standards for actuarial models
  • Proven ability to proactively problem solve and challenge existing practices
  • Ability to exercise independent judgement, constructively challenge methodologies and practices, and explain evidence-based views clearly
  • Experience planning and delivering technical review work across competing priorities
  • Strong report writing experience

Consultant

Despo Mouyis

Director | Life Actuarial

T: +44 (0) 203 867 9850

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