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Head of Actuarial Risk

Employer
Raretec Recruitment Ltd.
Location
Dublin, Leinster (IE)
Salary
Senior Salary
Closing date
22 Aug 2019
Reference
J3770

View more

Sector
Life insurance, Risk management
Contract Type
Permanent
Hours
Full Time
Experience/Function
Qualified (executive), Qualified

Job Details

Head of Actuarial Risk

My client is life insurance organisation based in Dublin who are hiring a Head of Risk for their team.  The role reports to the Chief Risk Officer (CRO) and is responsible for the oversight and development of operational risk and technical risk management.  The role has a team supporting them with this position. This role is a fantastic opportunity for someone currently employed as a risk actuary who is ready for their next step up the management chain. 

The Head of Actuarial Risk role will involve: 

Duties required by the role will include but not be limited to the following: 

  • To support the CRO in oversight of technical risk management issues 
  • To formulate and agree company wide and functional Risk Management objectives which align with the Risk and Business Strategy. 
  • To lead the Risk function and ensure that it enables the business to deliver according to the risk strategy and function charter, developing a target operating model to support the delivery of these. 
  • Continue to Design and implement an effective risk framework which supports effective risk management across the business, including the following key components: 
  1. Risk appetite
  2. Risk Policies;
  3. Three lines of defence;
  4. Risk oversight and assurance;
  5. Risk assessment measurement, monitoring and assurance;
  6. Capital assessment and adequacy.
  • To ensure that risk and compliance is well understood and embedded within the business and that all risk requirements are achieved, whether in respect of Business As Usual (BAU), transactions or Outsourced Service Providers (OSPs).
  • To advise the Board immediately of any matter likely to have a material adverse effect on the Company or its operations.
  • To support the CEO in initiatives designed to create shareholder value and to advise the Board immediately of any matter likely to affect shareholder value adversely.
  • Own, operate and develop the operational risk capital model, including leading the process for model development, recalibration, documentation and embedding through interaction with the business functions.

Key Requirements for the role of the Head of Actuarial Risk  

  • You must be a qualified Fellow of the Society of Actuaries with post qualification experience as a risk actuary or risk manager within the Life insurance industry. 
  • You will ideally have experience in engaging with regulators, shareholders and the broader stakeholder community, and experience engaging with advisers 
  • Ability to engage and challenge at executive, Board and Committee level 
  • Ability to manage and motivate highly skilled and professionally qualified staff 
  • Excellent Excel skills including modelling experience 
  • Proficient with Word and PowerPoint, with ability to produce high quality reports 
  • Good Solvency II risk experience 
  • You must have strong communication skills as the role will involve interacting with a range of business stakeholders. 

The role will be accountable for the Risk function and requires a motivated well rounded individual who enjoys responsibilities. 

Candidates interested in this role or who want to see the full role profile should contact Jacqui van Teutem by sending an application or by phoning 015311400 or 0862931015.

Company

Raretec Recruitment Ltd specialises in the recruitment of Actuarial professionals at all levels across the Irish market.  We recruit actuaries for both permanent and contract positions. As a niche recruitment specialist we have developed an extensive network of contacts within the actuarial profession in Ireland, meaning we can react quickly to new vacancies and our clients are secure in the knowledge that their roles are being represented in a professional and discreet manner.

Raretec Recruitment Ltd was started by Jacqui van Teutem, who has over 20 years recruitment experience. At Raretec we believe that both employers and candidates are of equal importance during the recruitment process.  This results in trust being built with both clients and candidates and it is a testament to our service that our candidates refer their friends and colleagues to us and clients come back to us time after time.

If you are  looking or your next actuarial role or even a way into the actuarial profession then send your cv to us and we are happy to help you. You can call us on 015311400 or email Jacqui at jacqui.vanteutem@raretec.ie

Company info
Website
Telephone
01 5311 400
Location
11 Pembroke Lane
Dublin 2
0000
IE

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