Senior Risk Actuary - BPA

Senior Risk Actuary

London - Hybrid (50/50)

Role Overview:
My client, a prestigious BPA provider, are seeking a highly skilled Senior Risk Actuary to join our wider Risk department. The Risk department plays a critical role in ensuring the success of the business by providing frameworks and insights that guide the company's strategy within the limits established by the Board.

In this role, you will collaborate with multiple teams across the business to ensure robust second-line oversight and challenge, particularly for new business proposals and reinsurance transactions. This includes close coordination with first-line teams such as Origination, Investments, Finance, Legal, and Operations, as well as sub-teams within Risk (e.g., Investment & Counterparty Risk, Non-Financial Risk, Regulatory Affairs Risk, and Enterprise Risk Management).

Key Responsibilities:

Collaborate with the wider teams, including the AFH to provide insight and assurance on underwriting and reinsurance risks, both current and emerging.

Conduct second-line challenge and oversight on proposed new business and reinsurance transactions.

Provide support to other areas as required, including:

• Advising on matching adjustment eligibility.
• Contributing to oversight of hedging, liquidity, and collateral management risks.
• Supporting the wider team in in delivering effective second-line oversight.

Work collaboratively with cross-functional first-line teams and all sub-teams within Risk to ensure a holistic approach to risk management.

Ensure alignment with businesses strategic objectives and its purpose of securing retirement incomes for current and future policyholders.

Skills and Experience Required:

A qualified actuary with post-qualification experience in life insurance, and excellent knowledge of UK bulk annuities, from either first or second line perspective.

Experience working within an independent challenge function, e.g. a 2nd line Risk Function, consulting role or audit.

Good knowledge of the Solvency II balance sheet (and associated elements, e.g. matching adjustment, transitional measure on technical provisions) and/or IFRS 17

For further details and an informal, confidential discussion, please contact Natalie Lightfoot directly

💻 natalie.lightfoot@oliverjames.com

Let's connect on LinkedIn: https://www.linkedin.com/in/natalielightfoot/