Senior Actuary - Internal Model

Recruiter
Location
Edinburgh
Salary
£100000 - £130000 per annum
Posted
23 May 2017
Closes
21 Jun 2017
Ref
ES1112211
Contact
Erik Snaathorst
Contract Type
Permanent
Hours
Full Time

Senior Actuary - Internal Model

My client is a financial services business looking to recruit a Senior Actuary to join the business on a permanent basis. The Internal Model Validation Manager will plan, carry out and report on robust independent validation of the Group's Internal Model.

Responsibilities:

  • Develop and maintain the framework within which Internal Model Validation (IMV) is carried out, including the IMV Policy.
  • Maintain and update long-term and short-term plans for IMV activity.
  • Carry out IMV in line with the IMV plans and the IMV Policy, using appropriate tools and tests.
  • Prepare reports on individual IMV components and prepare reports and papers for committees and the Board on IMV activity more generally, in particular setting out findings and conclusions.
  • Prepare reports and provide MI relating to the progress of IMV activity relative to plan.
  • Maintain a system to track agreed actions recorded in validation reports.
  • Prepare reports and provide MI on the progress of actions.
  • Carry out and report on other risk assurance work

Key Skills:

  • Qualified actuary with at least 5 years relevant professional experience with excellent understanding of the actuarial concepts and techniques required to fulfil the role.
  • Highly proficient in use of relevant computer systems and packages.
  • Excellent communication skills, verbal, written and listening.
  • Strong business understanding and knowledge of the UK Life and Pensions industry.
  • Experience of IMV activity and awareness of IMV best practice.
  • Strong knowledge of Solvency II in general and awareness of emerging trends in risk and capital management, capital calculation methodology and governance and framework matters.

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