Lead Modeller

3 months ago


London, 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**:
Credit risk and asset optimisation team is responsible for developing industry leading asset solutions for insurance balance sheet, covering Solvency II capital, rating, structuring, risk management and valuation.
- As the Modelling Lead for complex assets, the role holder will:
- Provide strategic leadership to enhance CLUK’s modelling capability for complex assets
- Be responsible for engagement with senior stakeholders and regulators in relation to all aspects of asset models
- Set priorities for the complex asset modelling team and lead training, mentoring and support to team members

The role holder will join a dynamic and supportive team, consisting of highly skilled technical specialists in their respective area. There is a truly collaborative team culture that encourage people to acquire new skills and push boundary, whilst providing adequate support. It suits someone who has extensive asset modelling experience and has a passion for innovation and delivering results.

**Key Accountabilities**:
Take responsibility for developing and maintaining a robust model control framework and high-quality model documentation within the complex asset modelling team

Be responsible for prioritisation and resource allocation within the complex modelling team to support key business objectives.

Provide guidance, training and mentoring to a team of qualified, part-qualified actuaries or finance professionals in order to optimise the performance of the team in line with the Divisions objectives.

**Desired Knowledge / Experience / Skills**:
**Technical Expertise**
- Significant experience in asset modelling in the context of life insurance industry with proven track record of leading model development. Practical experience with Matlab is preferred, although experience with other programing language would also be considered.
- Deep understanding of Solvency II regulations, Knowledge of IFRS17 accounting rules would be an advantage but not essential.

**Communication**
- Strong communication skills, demonstrating a clear and articulate standard of written and verbal communication in a complex environment, tailored for all levels of management.
- Proven track record of delivering presentation of modelling concept to C-suite stakeholders.

**Relationship Building**
- The ability to develop and maintain strong relationships across wider business, acting with integrity and role modelling the company values at all times.
- Being able to win trust through demonstration of competency and achieve buy-in from wider business on key modelling agenda.
- Experience of working collaboratively with oversight function such as risk and audit to achieve positive results.

**Taking Initiative**
- Actively explore model optimisation opportunities by enhancing efficiency and capabilities of the model
- Being delivery-focused, willing and capable of making decisions in order to progress issues, and able to exercise sound judgement and commercial sense to understand the importance of different issues and assess when matters need to be escalated.
- Able to effectively plan, organise the activities for the modelling team to advance business objectives and able to spot conflicting priorities early and readjust resource allocation accordingly.
- Ability to lead and drive modelling agenda and adapt for changing business needs and regulatory landscape.

**Qualifications**:

- Undergraduate degree in Finance / Maths or equivalent disciplines
- Fellow of Institute of Actuaries (or equivalent) would be an advantage although not essential

**Benefits of working at Canada Life**

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.

**How we work at Canada Life**

Our culture is unique and incredibly important to us. We care about doing the right thing for our peop


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