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- Tasks: Join our team to lead credit risk modelling and collaborate on innovative financial solutions.
- Company: Be part of the UK's largest long-term savings and retirement business, with a commitment to sustainability.
- Benefits: Enjoy flexible working, up to 38 days annual leave, private medical cover, and generous bonuses.
- Why this job: Develop your career in a supportive environment while making a real impact on financial practices.
- Qualifications: Qualified Actuary with experience in credit risk capital modelling and strong communication skills required.
- Other info: We embrace diversity and welcome applicants from all backgrounds; adjustments can be made for the recruitment process.
The predicted salary is between 72000 - 95000 £ per year.
This role could be based in our Telford, London, Wythall or Edinburgh offices with time spent working in the office and at home. Flexible working: All of our roles are open to part-time, job-share and other types of flexibility. We will discuss what is important to you and balancing this with business requirements during the recruitment process.
Closing Date: 1st June
Salary and benefits: Up to 95k plus 16% bonus up to 32%, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more.
We have an incredible opportunity to join our Credit risk capital modelling team as a Credit Modelling Actuary.
The role is an excellent opportunity for a qualified actuary to develop their career and gain specialist knowledge in credit risk modelling and insurance investing. You will be working with a team of highly experienced actuaries to develop the Solvency II Internal Model approach to Credit risk. You will be responsible for developing industry leading modelling capability, collaborating with the asset management team to support the onboarding of new assets and embedding credit risk model into the wider business.
Key Responsibilities:
- Lead methodology development for Major Model Changes to optimise Phoenix’s credit risk internal model.
- Support operationalisation of Major Model Change into BAU and establish BAU modelling processes.
- Collaborate with Credit Rating Research Team to develop rating and stressing methodology for illiquid assets.
- Lead the development of reinsurance counterparty credit risk methodologies.
- Provide coaching and support for analysts in the team.
- Support appropriate working practices to maintain an effective multi-site team.
- Maintain regulatory, technical, business and professional knowledge including Solvency II regulations and professional actuarial standards, in an environment of fast moving regulatory change.
What are we looking for?
- A qualified Actuary with up to 5 years of post-qualification experience in the industry.
- Knowledge of credit risk capital model and experience with capital modelling and rating methodology for illiquid assets.
- Detailed knowledge of SII requirements and Internal Model methodologies.
- A good understanding of insurance and investment risk, capital management and capital modelling.
- Up to date knowledge of latest industry techniques and practices for internal models.
- Excellent communication skills with great stakeholder management experience.
We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you. If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best.
Credit Modelling Actuary employer: Phoenix
Contact Detail:
Phoenix Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Modelling Actuary
✨Tip Number 1
Familiarise yourself with the latest Solvency II regulations and internal model methodologies. This knowledge will not only help you understand the role better but also demonstrate your commitment to staying updated in a fast-evolving regulatory environment.
✨Tip Number 2
Network with professionals in the credit risk modelling field. Attend industry events or webinars where you can connect with actuaries and gain insights into current trends and challenges, which could give you an edge during interviews.
✨Tip Number 3
Prepare to discuss your experience with capital modelling and rating methodologies for illiquid assets. Be ready to share specific examples of how you've applied these skills in previous roles, as this will highlight your suitability for the position.
✨Tip Number 4
Showcase your communication and stakeholder management skills. Think of instances where you've successfully collaborated with teams or influenced decision-making, as these experiences are crucial for the collaborative nature of the role.
We think you need these skills to ace Credit Modelling Actuary
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your qualifications as an actuary, particularly any experience related to credit risk modelling and capital modelling. Use specific examples that demonstrate your skills and achievements in these areas.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role. Mention how your background aligns with the responsibilities of developing credit risk models and collaborating with teams.
Highlight Relevant Experience: In your application, emphasise any relevant experience you have with Solvency II regulations and internal model methodologies. This will show that you understand the technical requirements of the role.
Showcase Communication Skills: Since excellent communication skills are essential for this role, provide examples in your application where you've successfully managed stakeholders or collaborated with teams. This can set you apart from other candidates.
How to prepare for a job interview at Phoenix
✨Understand the Role
Make sure you thoroughly understand the responsibilities of a Credit Modelling Actuary. Familiarise yourself with credit risk modelling, Solvency II regulations, and the specific methodologies mentioned in the job description.
✨Showcase Your Experience
Prepare to discuss your post-qualification experience and how it relates to the role. Highlight any relevant projects or achievements that demonstrate your knowledge of capital modelling and rating methodologies for illiquid assets.
✨Communicate Effectively
Since excellent communication skills are essential, practice articulating complex actuarial concepts clearly. Be ready to explain how you've managed stakeholders in previous roles and how you can contribute to team collaboration.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's approach to credit risk modelling and their future goals. This shows your genuine interest in the role and helps you assess if the company aligns with your career aspirations.
