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- Tasks: Support financial risk assessments and stress testing for the UK Division.
- Company: Join a leading firm in the life insurance industry focused on risk and compliance.
- Benefits: Enjoy a fixed-term role with opportunities for professional growth in a dynamic environment.
- Why this job: Be part of a team that shapes financial strategies and impacts the future of risk management.
- Qualifications: Experience in life insurance and strong knowledge of Solvency II required.
- Other info: This role is based in London and offers a chance to work on critical risk initiatives.
The predicted salary is between 48000 - 72000 £ per year.
Job Description
Support the Risk & Compliance department in delivering the desired output of a financial risk nature within the UK Division’s Risk & Compliance Function.
- Location: London
- Type: Fixed Term
Key Duties (Including but not limited to):
- Supporting the Own Risk and Solvency Assessment (ORSA) process and ORSA report (or equivalent) for entities within the UK Division.
- Design and implementation of Stress and Scenario testing (including reverse stress testing), ensuring appropriate alignment with Company exercises.
- Reviewing and analysing the results of the forward-looking solvency assessment, stress and scenario testing and the OSNA exercise to identify conclusions and recommendations.
- Reviewing UK division pricing or underwriting initiatives (e.g., assumptions review, new products, bulk annuity transactions).
- Experience in the life insurance industry.
- Good working knowledge of integrated risk and capital management as part of a wider enterprise risk management framework.
- Deep knowledge and understanding of Solvency II requirements.
- Experience of second line of defence risk oversight activities.
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Contact Detail:
The Emerald Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land FTC - Senior Actuary Risk - 28420
✨Tip Number 1
Familiarise yourself with the Solvency II requirements, as this role heavily relies on a deep understanding of these regulations. Consider attending workshops or webinars that focus on Solvency II to enhance your knowledge and demonstrate your commitment to the field.
✨Tip Number 2
Network with professionals in the life insurance industry, especially those involved in risk management and compliance. Engaging in conversations with them can provide insights into current trends and challenges, which you can reference during interviews to showcase your industry awareness.
✨Tip Number 3
Brush up on your skills related to stress and scenario testing. Being able to discuss specific methodologies and their applications in real-world situations will set you apart from other candidates. You might even consider creating a case study or example to share during your discussions.
✨Tip Number 4
Prepare to discuss your experience with the Own Risk and Solvency Assessment (ORSA) process. Think of specific examples where you've contributed to ORSA reports or similar projects, as this will demonstrate your practical knowledge and ability to deliver results in line with the job's key duties.
We think you need these skills to ace FTC - Senior Actuary Risk - 28420
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Senior Actuary in Risk. Familiarise yourself with the Own Risk and Solvency Assessment (ORSA) process and the key duties outlined in the job description.
Tailor Your CV: Highlight your relevant experience in the life insurance industry, particularly any work related to risk management, stress testing, and Solvency II requirements. Use specific examples to demonstrate your expertise in these areas.
Craft a Compelling Cover Letter: Write a cover letter that connects your skills and experiences directly to the job description. Emphasise your understanding of integrated risk and capital management and how it aligns with the company's objectives.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial for a role in risk management.
How to prepare for a job interview at The Emerald Group
✨Understand the ORSA Process
Make sure you have a solid grasp of the Own Risk and Solvency Assessment (ORSA) process. Be prepared to discuss how you would support this process and what key elements you believe are essential for a successful ORSA report.
✨Familiarise Yourself with Stress Testing
Since the role involves designing and implementing stress and scenario testing, brush up on your knowledge of these techniques. Be ready to share examples of how you've applied stress testing in previous roles and the outcomes of those exercises.
✨Showcase Your Industry Knowledge
Demonstrate your experience in the life insurance industry by discussing relevant projects or initiatives you've been involved in. Highlight your understanding of integrated risk and capital management within an enterprise risk management framework.
✨Know Your Solvency II Requirements
Deep knowledge of Solvency II is crucial for this position. Prepare to explain how you have applied these requirements in your past work and how they influence risk management strategies.
