Actuarial Model Risk Specialist

22 hours ago


London, Greater London, United Kingdom Oliver James Full time
About the Role

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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