Senior Manager Insurance Risk Modelling

Based in our clients London office, this role offers the right candidate a unique opportunity to work as part of the Capital Steering and Measurement (CSM) team within Group Risk. The successful candidate will lead and oversee the modelling of insurance risks, the development of our clients internal aggregation approach and maintain the Group Stress and Scenario Testing framework. The Senior Manager will work closely with Group Risk colleagues, Business Unit CROs, as well as Finance and Actuarial functions.

You will lead and oversee the setting of the risk methodologies & calibration processes for insurance risks, including (but not limited to) Economic Capital and Regulatory Capital (Solvency II and Bermudan regulatory frameworks)
• Lead the setting of the risk aggregation methodology & calibration process under our clients Economic Capital approach including identifying the aggregation approach, the setting of risk correlations, generation of real-word simulations and drafting requirements for loss function modelling for assets and liabilities, tail-risk measurement, and risk and capital allocation
• Maintain the Group-wide Stress and Scenario Testing framework and oversee its implementation by the Business
Units
• Review and challenge proposed changes to the risk methodology and calibration process, both at Group and Business Unit levels.