Overview

MODEL RISK ANALYST, DIVISIONAL | 30168

This is an outstanding opportunity for a strong technical actuary to broaden their commercial perspective and gain insight into the operations of a leading global reinsurer. They welcome applications from strong technical actuaries who are ready to develop their experience in independent model review and risk oversight, as well as those who can bring broader expertise and leadership to the role.

Ref: 30168

  • Location: London
  • Category: Risk/Actuarial
  • Type: Permanent

Overview

Key responsibilities including but not limited to the following:

  • Scope, plan and deliver model risk reviews while developing and defending review conclusions, including:
  • Scheduled independent reviews of actuarial models under PL’s 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 support strategic model risk, governance and process improvement initiatives
  • Present findings and recommendations clearly to model owners, senior leaders and wider business stakeholders
  • Support collaboration on strategic improvements between Line 1 delivery teams and Model Risk

Qualifications required:

  •  Near-qualified actuary
  • 3+ years of relevant experience

Experience required:

  • Good knowledge of actuarial models and modelling software
  • Good understanding of life insurance & reinsurance industry
  • Proven ability to proactively problem solve and challenge practices
  • Ability to exercise independent judgement, constructively challenge methodologies and practices, and explain evidence-based views clearly
  • Strong report writing skills
  • Ability to manage competing priorities and projects
  • Understanding of effective governance, control design, documentation, testing and review standards for actuarial models
  • Experience planning and delivering technical review work across competing priorities
  • Experience identifying and recommending solutions to critical issues

Consultant

Despo Mouyis

Director | Life Actuarial

T: +44 (0) 203 867 9850

Email me

Apply

    Upload CV

    We accept PDF or Word format, 2mb max.

    You may be interested in

    Directors | Permanent

    MODEL RISK ANALYST, DIVISIONAL | 30168

    London
    This is an outstanding opportunity for a strong technical actuary to broaden their commercial perspective and gain insight into the operations of a leading global reinsurer. They welcome applications from strong technical actuaries who are ready to develop their experience in independent model review and risk oversight, as well as those who can bring broader expertise and leadership to the role.
    View
    Directors | Permanent

    MODEL RISK ACTUARY, DIVISIONAL | 30166

    London
    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.
    View
    Directors | Permanent

    CHIEF OPERATING OFFICER AND SENIOR ACTUARY | 30181

    Bermuda
    The Head of Operations and Senior Actuary is responsible for leading the pricing and underwriting function and overseeing the effective day-to-day operation of the Bermuda office. The role manages the Bermuda-based team, coordinates delivery across functions and service providers, and supports the Group Director, executive management and the Board in executing approved strategy, business plan and regulatory obligations.