Interim Stress and Scenario Testing Manager, Insurance Risk
- Employer
- Fairbank Partners
- Location
- homeworking
- Salary
- £850 per day inside IR35
- Closing date
- 22 Feb 2021
- Reference
- GP9940
View more
- Sector
- Banking and finance, Life insurance, Solvency II, Systems, Other
- Contract Type
- Interim, contract & temp
- Hours
- Full Time
Job Details
Fairbank Partners are working with a leading Life Insurer to find an Interim Stress and Scenario Testing Manager, Insurance Risk
Insurance capital regimes are increasingly becoming risk based with regulators expecting insurance companies to form their own views on risk quantification and capital requirements. In particular, regulators mandate that insurance companies perform an Own Risk and Solvency Assessment (ORSA) which considers the impacts of all key quantitative and qualitative risk exposures on the firm’s capital balance sheet on a forward looking basis, and the regulatory accountability for the ORSA sits with the CRO. This results in greater emphasis being placed on stress and scenario testing and the need for these analyses to be of high quality and well controlled.
The purpose of this role is to ensure that appropriate and consistent standards for the use of stress and scenario testing are implemented across the Insurance manufacturing sites.
One element of the role is to set and maintain policy and framework in this area so that modelled scenarios are relevant for Insurance, are consistent across the business and align with approaches taken by the wider Bank. Another important element is to champion greater use of stress and scenario testing techniques, developing Insurance-specific stress tests from time to time, linking stress testing results into insurance capital frameworks and improving the quality of stress test reporting to local insurance regulators.
To discuss this role please submit your CV or contact Grace Pereira at Fairbank Partners on 0203 869 2000. Fairbank Partners has access to a wide range of actuarial jobs and acts as an employment agency.
Company
Fairbank Partners is one of the world's leading specialist actuarial recruitment consultancies. Covering the UK and International Actuarial market, we pride ourselves on being market experts working with you to find the right opportunity. Our consultants specialise in Life Insurance/Re-Insurance, General Insurance, Insurance Risk and Pensions/Investments operating at all levels from Students to Senior Searches. If you are interested in any of our vacancies, or curious about opportunities available to you, do get in touch. www.fairbankpartners.com www.twitter.com/fairbankpartner http://www.linkedin.com/company/fairbank-partners
- Website
- http://www.fairbankpartners.com/
- Telephone
- +44 (0) 203 869 2000
- Location
-
10-13 Lovat Lane
London
London
EC3R 8DN
GB
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