Senior Risk Actuary 5+ PQE

Senior Risk Actuary 5+ PQE

City of London Full-Time 72000 - 108000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead risk governance initiatives and develop the risk management framework.
  • Company: Join a top-tier Reinsurer in London, shaping their risk profile.
  • Benefits: Enjoy competitive salary, career growth opportunities, and a collaborative work environment.
  • Why this job: Make a real impact on risk management while working with global teams.
  • Qualifications: 10+ years in life insurance or reinsurance; qualified actuary with capital analysis expertise.
  • Other info: Manage a direct report and engage with senior stakeholders.

The predicted salary is between 72000 - 108000 £ per year.

Oliver James are partnered with a leading Reinsurer, in appointing a Senior Risk Actuary to their London office.

Overview: This role supports the organization's evolving risk profile by leading risk governance initiatives, developing the risk management framework, and performing stress and scenario analyses to assess capital needs. The position reports to the Chief Risk Officer and collaborates across global teams and senior stakeholders.

Key Responsibilities:

  • Enhance the enterprise risk management framework and implement regulatory changes
  • Lead the annual solvency self-assessment, including capital stress testing and scenario analysis
  • Prepare risk reports and materials for governance committees and boards
  • Support legal entity capital planning, resolution strategies, and climate disclosures
  • Manage one direct report and contribute to risk committee operations

Requirements:

  • 10+ years' experience in life insurance or reinsurance
  • Qualified actuary with strong capital analysis expertise
  • Skilled in risk frameworks, regulatory compliance, and financial reporting (e.g., BMA, US GAAP)
  • Excellent analytical, communication, and stakeholder engagement skills

Preferred:

  • Experience with Bermuda regulatory environment
  • Knowledge of enterprise risk management and capital frameworks
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Contact Detail:

Oliver James Associates Ltd. Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Senior Risk Actuary 5+ PQE

✨Tip Number 1

Network with professionals in the reinsurance and actuarial fields. Attend industry events, webinars, or local meetups to connect with people who work at leading reinsurers. This can help you gain insights into the company culture and potentially get a referral.

✨Tip Number 2

Familiarise yourself with the latest developments in risk management frameworks and regulatory changes, especially those relevant to Bermuda. Being well-versed in current trends will not only boost your confidence but also demonstrate your commitment to staying updated in the field.

✨Tip Number 3

Prepare to discuss your experience with capital stress testing and scenario analysis in detail. Be ready to share specific examples of how you've enhanced risk governance initiatives in previous roles, as this will showcase your expertise and problem-solving skills.

✨Tip Number 4

Engage with the company's online presence. Follow them on social media, read their publications, and participate in discussions related to their projects. This will not only keep you informed but also provide you with talking points during interviews.

We think you need these skills to ace Senior Risk Actuary 5+ PQE

Qualified Actuary
Capital Analysis Expertise
Risk Management Framework Development
Regulatory Compliance Knowledge
Financial Reporting Skills (e.g., BMA, US GAAP)
Stress Testing and Scenario Analysis
Analytical Skills
Stakeholder Engagement
Communication Skills
Leadership Skills
Experience in Life Insurance or Reinsurance
Knowledge of Bermuda Regulatory Environment
Governance Reporting
Problem-Solving Skills

Some tips for your application 🫡

Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Senior Risk Actuary position. Familiarise yourself with the key tasks such as enhancing risk management frameworks and performing capital stress testing.

Tailor Your CV: Highlight your relevant experience in life insurance or reinsurance, especially your 10+ years of expertise. Emphasise your qualifications as an actuary and any specific skills related to capital analysis and regulatory compliance.

Craft a Compelling Cover Letter: Write a cover letter that showcases your analytical skills and stakeholder engagement abilities. Mention your experience with risk frameworks and any familiarity with the Bermuda regulatory environment, as this is preferred for the role.

Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. Ensure that your application is clear, concise, and free from typos, as attention to detail is crucial in this field.

How to prepare for a job interview at Oliver James Associates Ltd.

✨Understand the Risk Management Framework

Make sure you have a solid grasp of the enterprise risk management framework. Be prepared to discuss how you would enhance it and implement regulatory changes, as this is a key responsibility of the role.

✨Prepare for Technical Questions

Given the technical nature of the position, expect questions on capital stress testing and scenario analysis. Brush up on your knowledge of BMA and US GAAP financial reporting to demonstrate your expertise.

✨Showcase Your Leadership Skills

As you'll be managing a direct report, be ready to discuss your leadership style and experiences. Highlight any previous roles where you've led teams or projects, especially in risk governance initiatives.

✨Engage with Stakeholders

Since the role involves collaboration with global teams and senior stakeholders, prepare examples of how you've successfully engaged with different stakeholders in the past. This will showcase your communication skills and ability to work in a team.

Senior Risk Actuary 5+ PQE
Oliver James Associates Ltd.
Location: City of London
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