Risk Actuary

2 weeks ago

Potters Bar, United Kingdom Canada Life 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.

Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom since 1903. We have hundreds of respected and supported employees committed to doing the right thing for our customers and colleagues.

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.

**Job Purpose**

Support the Risk department in delivering the desired output of a financial risk nature within the UK Division’s Risk Function.

Contribute to the overall ORSA and take responsibility for workstreams within the wider ORSA Process. Support the Risk department in ensuring that the financial risk aspects of the Enterprise Risk Management Framework facilitate effective and appropriatefinancial risk management across the UK Division.

**Key Accountabilities**

Supporting the Own Risk and Solvency Assessment (ORSA) process and ORSA report (or equivalent) for entities within the UK Division. Regular activities include:

- Design and implementation of Stress and Scenario testing (including reverse stress testing), ensuring appropriate alignment with CLG and Great-West Lifeco exercises.
- Reviewing and analysing the results of the forward-looking solvency assessment, stress and scenario testing and the OSNA exercise to identify conclusions and recommendations.
- Leading the drafting of sections within the ORSA Report.
- Ensuring maintenance of the ORSA Record and Stress & Scenario Testing Standard.
- Ensuring that the ORSA Policy is adhered to.
- Following up on management actions resulting from the ORSA process.
Support the Head of Financial Risk and risk Business Partners in providing (financial risk) oversight of the first line:

- Reviewing UK division pricing or underwriting initiatives (e.g. assumptions review, new products, bulk annuity transactions).
- Review and oversight of key corporate initiatives (e.g. Finance Transformation, IFRS17, reinsurance, capital optimisation, M&A activity)
- Review of the business planning process
- Ad hoc risk reviews as required
As a key member of the Financial Risk team, maintaining the risk appetite framework for CLL, as part of the wider enterprise risk management framework. Regular activities include:

- Reviewing the Risk Appetite Framework, including enhancements to coverage and reporting.
- Setting of Risk Limits, ensuring they are continually aligned with the risk strategy of the business, and appropriately aligned with limits set by CLG and Great-West Lifeco.
- Reporting of risk exposures and associated Key Risk Indicators relative to risk appetite limits, including appropriate insight and commentary.
- Drafting the financial risk-related sections of the CRO Report
- Co-ordinate with CLG and Great-West Lifeco in order to:

- Ensure alignment of Risk Appetite Frameworks and Risk Strategy
- Monitor and review UK-division driven exposures within CLG and Great-West Lifeco Risk Appetite Frameworks
- Adhere to oversight requirements on first line activity
- Relationship-building and knowledge sharing
- Support the Risk department in managing and developing the team in order to optimise team performance.

**Desired Knowledge / Experience / Skills**
- Experience in the life insurance industry
- Good working knowledge of integrated risk and capital management as part of a wider enterprise risk management framework
- Deep knowledge and understanding of Solvency II requirements
- Knowledge of IFRS17
- Experience of second line of defence risk oversight activities
- Strong written and verbal communication skills, in particular of complex concepts, which can be tailored for all levels of management.
- Strong influencing skills, with experience of engaging with senior management in order to get desired outcome
- Good interpersonal/networking skills, with the ability to maintain a variety of relationships with multiple stakeholders
- Proven track record of delivering under tight time pressure
- Self-motivated, well-organised, pragmatic and able to perform tasks independently.

**What you’ll like about working here**

As a Canada Life UK colleague, you’ll receive a competitive salary and comprehensive reward package including income protection, private medical insurance and life assurance, along with a generous pension and bonus scheme. You’ll also receive the supportyou need with your personal and professional development.

**Diversity and inclusion**

Canada Life is committed to a diverse and inclusive workplace. Our role as an employer of choice is to provide the right environment for talented people to do their best work, by respecting, understanding and valuing individual differences

  • Senior Actuary

    1 month ago

    Potters Bar, United Kingdom Canada Life Full time

    **Department: Bulk Annuities** 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. Part of our parent company Great-West Lifeco, Canada Life UK has...

  • Senior Actuary

    3 weeks ago

    Potters Bar, United Kingdom Canada Life Group Ltd 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.Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom...

  • Senior Actuary

    3 weeks ago

    Potters Bar, United Kingdom Canada Life Group Ltd 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.Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom...

  • Risk & Commercial Actuary, Bpa

    4 weeks ago

    Potters Bar, United Kingdom Irish Life Full time

    **Location**:Potters Bar, GB**Company**:CLFIS Limited**Description: - 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.- Part of our parent company...

  • Senior Actuarial Trainee

    4 weeks ago

    Potters Bar, United Kingdom Canada Life 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. Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom...

  • Senior Actuary

    1 week ago

    Potters Bar, 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.Considering applying for this job Do not delay, scroll down and make your application as soon as...

  • Risk & Commercial Actuary, Bpa

    4 weeks ago

    Potters Bar, United Kingdom Canada Life 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. Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom...

  • Actuary / Senior Actuary

    4 weeks ago

    Potters Bar, Hertfordshire, 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...

  • Actuary / Senior Actuary

    4 weeks ago

    Potters Bar, Hertfordshire, 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...

  • Senior Actuarial Trainee

    6 days ago

    Potters Bar, United Kingdom Canada Life Group Ltd 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.Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom...

  • Senior Actuarial Trainee

    6 days ago

    Potters Bar, United Kingdom Canada Life Group Ltd 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.Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom...

  • Senior Actuary

    1 week ago

    Potters Bar, United Kingdom Canada Life Limited 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. Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom...

  • Senior Actuary

    2 days ago

    Potters Bar, United Kingdom Canada Life Limited 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. Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom...

  • Senior Actuary

    4 weeks ago

    Potters Bar, United Kingdom Canada Life Limited 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. Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom...

  • Senior Actuarial Trainee

    1 week ago

    Potters Bar, Hertfordshire, 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...

  • Senior Actuary

    4 weeks ago

    Potters Bar, United Kingdom CLFIS Limited Full time

    Description: 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. Part of our parent company Great-West Lifeco, Canada Life UK has operated in the...

  • Senior Actuarial Trainee Within Bulk Annuity Team

    3 weeks ago

    Potters Bar, United Kingdom eFinancialCareers 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. Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom...

  • Senior Actuarial Trainee

    7 days ago

    Potters Bar, United Kingdom Canada Life Limited 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. Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom...

  • Senior Actuarial Trainee

    7 days ago

    Potters Bar, United Kingdom Canada Life Limited 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. Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom...

  • Senior Actuarial Trainee

    1 week ago

    Potters Bar, United Kingdom CLFIS Limited Full time

    Description: 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. Part of our parent company Great-West Lifeco, Canada Life UK has operated in the...