Financial Risk Actuary

3 weeks ago


United Kingdom Utmost International Full time
  • Play a leading role in advising on the financial risks of the company 
  • Providing 2nd line challenge on project proposals including Bulk Purchase Annuity deals and acquisition activity.
  • Develop, review and monitor financial risk appetites, limits and scenarios. 
  • Production and development of the Company’s risk reporting, MI packs and other papers to Board and relevant Committees. 
  • Provide oversight and assurance to any Matching Adjustment related risks
  • Undertake research, troubleshooting and fact finds, producing reports or presentations on findings and recommendations.
  • Leading on risk assessments and deep dives to provide assurance on risks and controls to manage financial risks.
  • Providing oversight on financial risks and working with the 1st line to help identify, monitor and manage financial risks (including investment risks).
  • Work with the 1st line to provide oversight on the application of ratings to assets and provide independent assessment where needed.
  • Comply with the FCA’s conduct (and senior conduct) and Consumer Duty rules and the PRA’s conduct (and senior manager conduct) standards.
  • Notify the regulator(s) of matters reasonably expected to be notified.
Key responsibilities:
  • Play a leading role in advising on the financial risks of the company 
  • Providing 2nd line challenge on project proposals including Bulk Purchase Annuity deals and acquisition activity.
  • Develop, review and monitor financial risk appetites, limits and scenarios. 
  • Production and development of the Company’s risk reporting, MI packs and other papers to Board and relevant Committees. 
  • Provide oversight and assurance to any Matching Adjustment related risks
  • Undertake research, troubleshooting and fact finds, producing reports or presentations on findings and recommendations.
  • Leading on risk assessments and deep dives to provide assurance on risks and controls to manage financial risks.
  • Providing oversight on financial risks and working with the 1st line to help identify, monitor and manage financial risks (including investment risks).
  • Work with the 1st line to provide oversight on the application of ratings to assets and provide independent assessment where needed.
  • Comply with the FCA’s conduct (and senior conduct) and Consumer Duty rules and the PRA’s conduct (and senior manager conduct) standards.
  • Notify the regulator(s) of matters reasonably expected to be notified.
Core Competencies:
  • Ability to develop effective solutions to issues/problems.
  • Good communication skills (written and verbal) and ability to build relationships.
  • Good risk management analysis skills/understanding of risk.
  • Pro-active, motivated and able to assimilate new skills/information quickly.
  • Well-organised, good attention to detail, able to prioritise effectively, work independently and work to deadlines.
  • Eager to learn and develop.
Experience and Qualifications:
  • Qualified or nearly qualified Actuary.
  • Financial Services (Life industry or Pensions Fund) experience. 
  • Experience of the regulatory environment in the UK. 
  • Understanding and experience of investments within the life or pensions industry especially fixed credit, illiquid assets, etc.
  • Previous risk management experience.
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