ALM Actuary (outside IR35)
Fairbank Partners are working with a leading Life Insurer for a contractor in their ALM team.
The ALM, SAA & Structuring team help to drive our investment strategy by ensuring policyholder and shareholder risks are hedged within appropriate timescales. As part of the WP ALM team you will help to take ownership of hedging policies for interest rate, inflation and equity risk and ensure funds are managed to an appropriate risk appetite.
As a WP ALM Actuary you will enjoy a broad role, using your skills and knowledge to provide support to the With-Profits Funds ALM Actuary with a strong focus on With-Profits ALM activity but with the opportunity to be involved in all aspects of Life Company ALM activity. This key role will involve activities such as:
Management of investment risks (including nominal rates, real rates, equities and credit) to pre-specified targets and tolerances;
Producing hedging instructions and working with our strategic asset management partners to ensure our ALM execution is carried out in a cost-effective manner in line with our expectations and requirements;
Supporting the investment strategists with the relevant asset and liability analysis / modelling to facilitate investment in new asset classes; and
You will work closely with the Actuarial teams in Life Finance and Capital Management to ensure all material aspects of our ALM practices are reflected in the models. It's a dynamic and exciting role where you'll be ensuring we manage and mitigate market risks in accordance with the client's Group risk appetite, and in line with our With Profits funds' PPFM rules.
What we're looking for:
You will be a qualified actuary from a related Financial Services background, with strong ALM experience in a Life office financial reporting or investment management setting. You will be able to demonstrate your experience of asset and liability modelling in a UK Life assurance company context, with a good understanding of Solvency II & IFRS and the implications of these regimes for investment risk management. Familiarity with the risk characteristics of different asset and liability classes, a sound understanding of hedging instruments and approaches, and fluency with quantitative toolkits and systems such as VBA, Matlab and Bloomberg, will all be beneficial in this role.
To discuss this role please submit your CV or contact Grace Pereira at Fairbank Partners on 07860658339. Fairbank Partners has access to a wide range of actuarial jobs and acts as an employment agency.
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