Actuarial Model Risk Specialist

3 days ago


London, Greater London, United Kingdom Oliver James Full time

Job Description:

We are seeking a highly skilled Actuarial Model Risk Specialist to join our team in London. In this role, you will be responsible for reviewing and validating actuarial models used across the organisation, providing assurance to senior management regarding their robustness and reliability.

About the Role:

  • Model Risk Reviews:
    • Independently review actuarial models to ensure they meet MRM framework standards.
    • Conduct independent baselining and assess compliance with risk management guidelines.
    • Perform ad hoc reviews for major model changes.
  • Reporting and Risk Assessment:
    • Assist in preparing management information reports summarising model review outcomes.
    • Conduct reviews and assessments of the model inventory's risk profile.
  • Support for Risk Management Initiatives:
    • Contribute to MRM-related initiatives, such as promoting best practices in spreadsheet usage and enhancing guidance for the modeling community.

Requirements:

  • Be a nearly qualified actuary
  • Have excellent analytical and technical skills, with experience in actuarial models and modeling software.
  • Have a solid understanding of the life insurance industry, including products, regulations, and risk considerations.
  • Have knowledge of risk and control frameworks, with the ability to identify and address areas for improvement.

Salary: £60,000 - £80,000 per annum (dependent on experience)



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