Actuary / Senior Actuary

4 weeks ago


East Anglia, United Kingdom Canada Life Group (UK) Ltd (The) Full time

Canada Life UK looks after the retirement, investment and protection needs of individuals, families and companies. We help to build better futures for our customers, our intermediaries and our employees by operating as a modern, agile and welcoming organisation.
Canada Life UK is transforming to create a more customer-focused business by providing our customers with expertise on financial and tax planning, offering home finance and annuities propositions, and providing collective fund solutions to third party customers.
Performance and communication of the Independent Validation of Canada Life's Internal Model.
contribute to the wider delivery of the CLL Risk Team's plan
- (Non-PIM) Model Risk Reviews and Management
- Confirm factual accuracy of findings with stakeholders and summarise points into Executive-level reports. Maintain effective records of review evidence and Risk Opinions.
- Ensure work performed is in line with the CLG Internal Model Governance Policy and Solvency II requirements.
Non-PIM) Model Risk Reviews and Management (Growing Area)
- Perform other second line risk reviews, in support of the wider delivery of the Risk Team's annual plan e.g. Provide Risk Opinions on key Internal Model activity including Model Changes.
- Support the annual review of Terms of Reference for Internal Model governance bodies.
Maintain collaborative relationship with the CLG Risk Team, to ensure appropriate support is provided to help inform the CLG CRO's Opinion of the ongoing appropriateness of the Internal Model at a CLG-level.
- 5) Maintain the Internal Model Standards documents that underpin CLG Internal Model Governance Policy, and ensure ongoing compliance with Solvency II requirements.
Experience in the life insurance industry.
• Knowledge of Internal Model calibrations and if not already an expert in the various elements of risk modelling within the Canada Life model, possess the technical ability to rapidly become technically proficient in those areas.
• A good working knowledge and understanding the "three lines of defence", and the risk oversight role of the second line.
• Strong report writing skills and ability to convert technical issues into clear, concise reports.
• Good influencing skills, with experience of engaging with senior management in order to get desired outcomes.
• Good interpersonal/networking skills, with the ability to maintain a variety of relationships with multiple stakeholders.
• Knowledge of MATLAB, R ,Python is a bonus
• We believe in recognising and rewarding our people, so we offer a competitive salary and benefits package that's regularly reviewed. As a Canada Life UK colleague, you'll receive a competitive salary and comprehensive reward package including a generous pension and bonus scheme, along with, income protection, private medical insurance and life assurance. We have a fantastic number of other benefits and support services as well as regular personal and professional development.
We care about doing the right thing for our people, customers and community and helping others to build better futures. We want colleagues to have rewarding careers with us so we invest in the development of our people, technology and workplaces. That's why we offer a range of training, flexible working and opportunities to grow and develop.
Diversity and inclusion
Building an inclusive workplace with a diverse workforce where everyone can feel they belong and achieve their potential regardless of gender, ethnicity or any other characteristic is a key commitment for us. We're happy to discuss flexible working arrangements, including part time, for any of our roles should this be a requirement for.



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