Risk Actuary

3 weeks ago

City of London, United Kingdom Lloyds of London Full time

Lloyd’s is the world’s leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market’s brightest minds, working together for a braver world.

Our role is to inspire courage, so tomorrow’s progress isn’t limited by today’s risks.

Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that’s more sustainable, resilient and inclusive, you’ll find a home at Lloyd’s -build a braver future with us.

Lloyd’s is the world’s leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market’s brightest minds, working together for a braver world. Our role is to inspire courage, so tomorrow’s progressisn’t limited by today’s risks. Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that’s more sustainable, resilient and inclusive, you’llfind a home at Lloyd’s - build a braver future with us.

Lloyd’s are seeking to recruit a Risk Actuary on a FTC(Fixed Term Contract) for a period of 12 Months+

As part of the Validation team, you will be responsible for supporting the Head of Validation in ensuring that the internal model remains appropriate for setting Lloyd’s capital requirements and meeting Solvency II tests and standards.

You will have responsibility for owning and reporting the validation of the individual components of the LIM. This will rely on a combination of running tests, performing an independent assessment of validation tests performed by 1st line teams, and usingsupporting validation from external validators

You will also gain from working in a first-in-class Risk Management function

Principal Accountabilities

Ensuring the scope and nature of validation is appropriate

Performing an independent assessment of 1st line tests and using this to supplement other tests to arrive at an opinion on reliability and appropriateness of model processes and model output

Running tests as per the validation test plan and designing and running additional testing where required

Evidencing the outcomes from testing to ensure documentation in line with TAS requirements

Escalating validation findings to the Head of Validation

Communicating findings via input into committee reporting and the annual validation report

Managing validation activities, including coordinating with other 1st line teams

Contributing to planning meetings and Financial Risk team meetings

Providing insights into modelling best practices to challenge the LIM approach

Looking for opportunities to improve the validation process

Skills and Knowledge

Demonstrable knowledge of actuarial and statistical modelling techniques

Experience building capital models or validating capital models preferred

Expert knowledge of Solvency II requirements preferred

Used to working to deadlines and under a certain amount of pressure. Ability to maintain effective personal workload plans that are achievable, prioritised appropriately and meet business objectives.

Should be used to working as part of a team, making effective contributions to team meetings and team initiatives and also be able to take ownership of tasks and projects whilst often working remotely and without supervision

Ability to productively challenge technical experts across Lloyd’s and be robust/resilient under scrutiny

Strong relationship management and communication skills - the role will involve a large amount of engagement with stakeholders at various levels across the Corporation, so the ability to deliver, with confidence, the right validation outcomes is necessary

Strong project management skills - to lead and deliver change within areas of responsibility and willingness to use suitable technology to manage tasks.

Diversity and inclusion are a focus for us - Lloyd’s aim is to build a diverse, inclusive environment that reflects the global markets we work in. One where everyone is treated with dignity and respect to achieve their full potential. In practice, this meanswe are positive and inclusive about making workplace adjustments,?we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development.You can read more about diversity and inclusion on our website.

  • Actuarial Analyst

    3 weeks ago

    London, United Kingdom The Actuary Full time

    We're currently seeking an Actuary to join a Property Retro team in London. The Analyst should be a part to nearly qualified actuary and will be primarily responsible for technical modelling and financial analysis for a range of UK and international insurers and property retro business. Responsibilities include both the technical delivery of work and the...

  • Actuarial Analyst

    1 month ago

    London, United Kingdom The Actuary Full time

    Are you a qualified GI actuary, looking for something different? Do you have a keen interest in undertaking reinsurance analyses? This is an exciting opportunity to work closely with the Chief Actuary in the drafting of the Actuarial Function Report, while developing and undertaking reinsurance analyses for all material reinsurance purchases. Assisting...

  • Actuarial and Risk Pensions Manager

    2 weeks ago

    London, United Kingdom The Actuary Full time

    Do you have UK pensions experience within pensions risk transfer? If you are an experienced actuarial professional, qualified or not, we have a fantastic opportunity for you to join this growing, dynamic, client facing team. You will deliver innovative strategic solutions to solve complex problems and transfer pension risk to clients. You will have...

  • Senior Risk Actuary

    3 weeks ago

    London, United Kingdom The Actuary Full time

    Clarence George is working on a brand new Senior Risk Actuary position at a specialist UK insurer. The successful candidate will be joining the Actuarial Assurance Function within the Risk Department. The position is a Line 2 role and gives fantastic opportunities to liaise with different teams, influence decisions, and get exposure across the business. ...

  • Actuary Analyst

    4 days ago

    London, United Kingdom The Actuary Full time

    Employer Star Actuarial Futures Location Flexible / hybrid with 2 days p/w office-based Salary £ dependent upon experience Closing date 13 Jun 2024 Reference Star8537 Our client, a leading-edge consultancy, has a fantastic opportunity for a part-qualified pensions actuary to gain exposure to a variety of workstreams, including: actuarial valuation...

  • Insurance Risk Actuary

    1 month ago

    City of London, Greater London, United Kingdom Oliver James Associates Ltd. Full time

    Oliver James's Actuarial Life Insurance Recruitment team has has teamed up with a leading UK Life Insurer and Pensions provider is looking to enhance their actuarial function and overall business capability with the addition of a 'never done before' actuarial position, which will drive a greater understanding of the market and boost revenue and...

  • Pension Scheme De-risking Solutions Actuary

    2 weeks ago

    London, United Kingdom The Actuary Full time

    Pension Scheme De-risking Solutions Actuary Employer Star Actuarial Futures Location London, South East or Edinburgh / hybrid 2 days p/w office-based Salary £ excellent Closing date 4 Jun 2024 Reference Star8697 Are you a qualified actuary with wide knowledge of DB pension schemes, alongside a working knowledge of other occupational pension schemes? Then...

  • Financial Risk Actuary

    4 days ago

    London, United Kingdom The Actuary Full time

    Our client is seeking a qualified (or part-qualified) life actuary with previous risk management experience to 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. Developing, reviewing and monitoring financial risk appetites,...

  • Consulting Pensions Actuary

    2 weeks ago

    London, United Kingdom The Actuary Full time

    Pension Scheme De-risking Solutions Actuary Employer Star Actuarial Futures Location London, South East or Edinburgh / hybrid 2 days p/w office-based Salary £ excellent Closing date 4 Jun 2024 Reference Star8697 Are you a qualified actuary with wide knowledge of DB pension schemes, alongside a working knowledge of other occupational pension schemes? ...

  • Actuary Analyst

    1 week ago

    London, United Kingdom The Actuary Full time

    Our clientis offering a unique opportunity for a Model Development Actuary/Analyst in London. This role involves joining the Risk Modelling team to contribute to the development of internal capital models and other risk models. Responsibilities include researching data sources, developing parameterisation processes and model methodologies, and...

  • Pensions Actuarial Junior Consultant

    2 weeks ago

    London, United Kingdom The Actuary Full time

    Actuarial Analyst - GI Risk Pricing - Open to Life/Pensions Candidates Are you a part-qualified GI actuary, looking to develop your career within a leading specialist insurer? Or an actuarial candidate from a life or pensions background, seeking to step into GI? Then this is a fantastic opportunity to contribute to processes, projects, analysis and...

  • Actuarial Senior Manager

    2 weeks ago

    London, United Kingdom The Actuary Full time

    Then this is a fantastic opportunity to join our client's Risk & Compliance team as the technical subject matter expert for reserving, leading the delivery of the Actuarial Function’s independent opinion on IFRS17 and Solvency UK reserves. You will also lead the 2nd line oversight of reserving and claims indemnity risks, supporting the firm in making key...

  • Director, Pensions Actuarial

    7 days ago

    London, United Kingdom The Actuary Full time

    Employer Star Actuarial Futures Location Flexible / hybrid with 2 days p/w office-based Salary £ excellent package Closing date 5 Jun 2024 Reference Star8636 Are you a qualified pensions actuary, looking for your next leadership position? Are you a specialist in risk transfer work? Would you relish the opportunity to take the next step in your career...

  • Director, Pensions Actuarial

    5 days ago

    London, United Kingdom The Actuary Full time

    Employer Star Actuarial Futures Location Flexible / hybrid with 2 days p/w office-based Salary £ excellent package Closing date 12 Jun 2024 Reference Star8636 Are you a qualified pensions actuary, looking for your next leadership position? Are you a specialist in risk transfer work? Would you relish the opportunity to take the next step in your career...

  • Student Pensions Actuary

    1 day ago

    London, United Kingdom The Actuary Full time

    Employer Star Actuarial Futures Location Flexible / hybrid with 2 days p/w office-based Salary £ dependent upon experience Closing date 17 Jun 2024 Reference Star8534 Seeking a part-qualified pensions actuary to join a leading consultancy where you will have the opportunity to gain exposure to a number of diverse workstreams including:actuarial valuation...

  • Senior Actuarial Pensions Analyst

    8 hours ago

    London, United Kingdom The Actuary Full time

    Employer Star Actuarial Futures Location Remote / nationwide / hybrid working available Salary £ dependent upon experience Closing date 29 May 2024 Reference Star8726 Leading global consultancy is seeking a qualified (or part-qualified) pensions actuary to make an impact within GMP equalisation. You will assist Scheme Actuaries, Senior Actuarial...

  • Senior Pensions Actuarial Consultant

    3 weeks ago

    London, United Kingdom The Actuary Full time

    pmactuarial specialise in Actuarial search within UK Life insurance. We have been asked to find a Risk Actuary for a growing Life insurer. The purpose of the role is to deliver the strategy for managing group insurance risks including: * Development of methodology and assumptions for use in pricing and valuation of insurance risks * Delivery of risk...

  • Manager, Pensions Actuarial

    4 days ago

    London, United Kingdom The Actuary Full time

    Employer Star Actuarial Futures Location Flex base location with 1dpw in London / hybrid with 2 - 3 days p/w office-based Salary £ excellent Closing date 14 Jun 2024 Reference Star8234 Are you a qualified GI actuary, looking for your next career challenge within a collaborative firm whichshapes the future of success for leadingentrepreneurial businesses? ...

  • Actuarial Student Consultant

    3 weeks ago

    London, United Kingdom The Actuary Full time

    Exciting opportunity for an Actuarial student making excellent progression through the IFoA exams to join an established player in the BPA space on their BPA deal team. You will be involved in helping to develop and implement de-risking solutions for trustees of Defined Benefit Pension schemes. Specific experience of actuarial cash flow modelling,...

  • Manager, Pensions Actuarial

    4 days ago

    London, United Kingdom The Actuary Full time

    Leading-edge global consultancy is seeking a qualified GIactuary with apassion for making a differenceto climate change tocontributeto developing the net-zero proposition with a focus on stress testing and the implications on catastrophe modelling, and what it means to be a net-zero insurer. In this exciting role, you will have the opportunity to...