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- Tasks: Lead model validation activities and engage with senior stakeholders.
- Company: Join a top Lloyd's of London insurer shaping the future of risk management.
- Benefits: Enjoy a hybrid work environment and a competitive salary up to £170,000 plus bonus.
- Why this job: Make a real impact in a dynamic role while mentoring junior talent.
- Qualifications: Must be a fully qualified actuary with experience in internal model validation.
- Other info: No sponsorship available; apply quickly for this exciting opportunity!
The predicted salary is between 102000 - 238000 £ per year.
Miryco Consultants is supporting a leading Lloyd’s of London insurer in their search for a Lead Model Risk Actuary to oversee critical validation activities and shape the future of the validation function. Responsibilities: Lead the planning, coordination, and delivery of internal model validation activities, including: Defining the scope of annual validations, test specifications, and pass/fail criteria. Designing and developing validation processes with independence and rigour. Conducting deep-dive reviews of the model build and parameterisation. Engage with senior stakeholders and regulators on validation findings, presenting insights to board risk committees. Provide effective challenge to quantitative and qualitative aspects of the Internal Model. Oversee the validation of technical provisions with support from junior team members. Support the risk team in challenging quantitative elements of first-line processes. Improve and embed ongoing validation processes to meet evolving regulatory standards. Mentor and develop junior team members, managing workflow and delegation. Experience: Qualifications: Fully qualified actuary with significant experience in internal model validation. Technical Knowledge: Expertise in Solvency II regulations and actuarial standards. Proficiency in capital modelling and validation techniques, including Lloyd’s Solvency II reporting and SAO’s. Familiarity with technical provisions validation is advantageous. Advanced proficiency in Microsoft Office; experience with capital modelling software or programming languages is beneficial. Soft Skills: Strong interpersonal and communication skills, capable of engaging technical and non-technical audiences. Proven project management ability to deliver under tight deadlines. Analytical mindset with attention to detail and the ability to solve complex problems. Location: London (Hybrid) Salary: Up to £170,000 + Bonus Please note, our client is unable to offer sponsorship for this opportunity. Finally, should you not be contacted within five working days of submitting your application, then unfortunately you have not been shortlisted for the opportunity. We will however, be in touch should there be any other opportunities of potential interest that are suiting to your skills. For similar roles, please visit www.miryco.com
Lead Model Risk Actuary employer: Miryco Consultants Ltd
Contact Detail:
Miryco Consultants Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Lead Model Risk Actuary
✨Tip Number 1
Make sure to showcase your experience in internal model validation during networking events or industry conferences. Engaging with professionals in the field can help you gain insights and potentially lead to referrals.
✨Tip Number 2
Familiarize yourself with the latest developments in Solvency II regulations and actuarial standards. Being well-versed in these topics will not only boost your confidence but also demonstrate your commitment to staying updated in the field.
✨Tip Number 3
Prepare to discuss your project management experiences in detail. Highlight specific instances where you successfully led teams under tight deadlines, as this will resonate well with the responsibilities of the Lead Model Risk Actuary role.
✨Tip Number 4
Engage with current employees or alumni from the company on platforms like LinkedIn. This can provide you with valuable insights into the company culture and expectations, which can be beneficial during interviews.
We think you need these skills to ace Lead Model Risk Actuary
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and qualifications required for the Lead Model Risk Actuary position. Tailor your application to highlight relevant experience in internal model validation and Solvency II regulations.
Highlight Relevant Experience: In your CV and cover letter, emphasize your qualifications as a fully qualified actuary and any significant experience you have in internal model validation. Be specific about your expertise in capital modelling and validation techniques.
Showcase Soft Skills: Demonstrate your strong interpersonal and communication skills in your application. Provide examples of how you've engaged with both technical and non-technical audiences, and highlight your project management abilities.
Proofread Your Application: Ensure that your application is free from errors and clearly communicates your qualifications. A well-organized and polished application reflects your attention to detail, which is crucial for this role.
How to prepare for a job interview at Miryco Consultants Ltd
✨Showcase Your Technical Expertise
Be prepared to discuss your experience with Solvency II regulations and actuarial standards in detail. Highlight specific projects where you successfully implemented validation techniques, as this will demonstrate your proficiency and understanding of the technical requirements.
✨Engage with Stakeholders
Since the role involves engaging with senior stakeholders and regulators, practice articulating complex validation findings in a clear and concise manner. Use examples from your past experiences to illustrate how you've effectively communicated insights to non-technical audiences.
✨Demonstrate Leadership Skills
As a Lead Model Risk Actuary, you'll be expected to mentor junior team members. Prepare to discuss your leadership style and provide examples of how you've managed teams, delegated tasks, and supported the professional development of others.
✨Prepare for Problem-Solving Scenarios
Expect questions that assess your analytical mindset and problem-solving abilities. Think of complex challenges you've faced in previous roles and how you approached them, focusing on your attention to detail and the outcomes of your solutions.
