Actuarial Model Risk Specialist
22 hours ago
We are collaborating with a global reinsurer to appoint an Actuarial Model Risk Analyst to their Model Risk Management (MRM) team. As a key member of this team, you will perform reviews and validations of actuarial models used across the organisation, providing assurance to senior management regarding their robustness and reliability.
- Key Responsibilities:
- 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.
About You:
- 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.
This role offers a unique opportunity to work with advanced actuarial models and contribute to the organisation's strategic decision-making. You will collaborate with a talented and supportive team, gaining exposure to various business areas while driving improvements in model governance.
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