Model Validation Risk Manager
Model Validation Risk Manager

Model Validation Risk Manager

London Full-Time 43200 - 72000 Β£ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead hands-on validation of models and oversee outsourced reviews.
  • Company: Join a leading insurance group experiencing exciting growth in the UK and internationally.
  • Benefits: Enjoy hybrid working with flexible days and opportunities for professional development.
  • Why this job: Make a lasting impact on model risk practices while working with cutting-edge technologies like AI.
  • Qualifications: Extensive experience in model validation and a strong grasp of insurance principles required.
  • Other info: Opportunity to mentor junior analysts and represent the Risk function at senior forums.

The predicted salary is between 43200 - 72000 Β£ per year.

Hybrid working - 2/3 days per week (flexible) London Lutine Bell are working with a leading insurance group undergoing a period of exciting UK and international growth, we’re looking to appoint a Model Validation & Risk Manager to join their high-performing Risk Function. This is a fantastic opportunity to play a key role in shaping and embedding best-in-class model risk practices, while also leading both hands-on validation work and oversight of outsourced model reviews. The team supports a broad range of business and corporate activity, offering real variety and influence in the day-to-day. With growing regulatory focus, strategic investment, and evolving model use (including AI and climate risk), this role offers huge scope for the right individual to make a lasting impact.

Key Responsibilities

  • Lead the hands-on validation of Internal Capital Models, ensuring regulatory and internal standards are met.
  • Manage and oversee outsourced validation activities, acting as a key point of contact for external providers and ensuring quality assurance.
  • Provide independent review and challenge across a wide range of business-critical models (pricing, capital planning, catastrophe, AI).
  • Develop and implement a robust Model Risk Framework, aligned with PRA expectations (CP6/22).
  • Champion model risk as a strategic risk discipline across the business.
  • Represent the Risk function at senior forums, including cross-functional working groups and Risk Committees.
  • Support regulatory engagement and lead key risk communications.
  • Line manage a sub-team, including mentoring and developing junior analysts.
  • Deputise for the Head of Risk when required.

Experience Required

  • Extensive experience in Solvency II, Internal Capital Models, and model validation.
  • Proven ability to deliver both hands-on validation and manage outsourced model reviews.
  • Broad knowledge of modelling approaches, and an eagerness to expand into areas like AI and climate modelling.
  • A strong grasp of insurance business models and underwriting principles.
  • Ability to communicate complex risk concepts clearly and concisely to senior audiences.
  • Experience in managing or coaching team members.
  • A collaborative mindset with the confidence to lead cross-functional initiatives.

Please apply online as directed.

Model Validation Risk Manager employer: Lutine Bell

Join a leading insurance group in London that champions innovation and growth, offering a dynamic work environment where your expertise as a Model Validation Risk Manager will directly influence best-in-class risk practices. With a strong focus on employee development, flexible hybrid working arrangements, and the opportunity to engage with cutting-edge areas such as AI and climate risk, this role not only promises meaningful contributions but also fosters personal and professional growth within a supportive team culture.
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Contact Detail:

Lutine Bell Recruiting Team

StudySmarter Expert Advice 🀫

We think this is how you could land Model Validation Risk Manager

✨Tip Number 1

Familiarise yourself with the latest regulatory standards and practices related to Solvency II and Internal Capital Models. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.

✨Tip Number 2

Network with professionals in the insurance and risk management sectors, especially those involved in model validation. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends and challenges in the field.

✨Tip Number 3

Prepare to discuss specific examples of your experience with model validation and risk management during interviews. Highlight any hands-on projects you've led or participated in, particularly those involving AI or climate risk, as these are increasingly relevant.

✨Tip Number 4

Showcase your leadership skills by discussing any experience you have in managing or mentoring team members. Being able to demonstrate your ability to lead and develop others will be a significant advantage in this role.

We think you need these skills to ace Model Validation Risk Manager

Model Validation
Risk Management
Solvency II
Internal Capital Models
Regulatory Compliance
Quality Assurance
AI Modelling
Climate Risk Assessment
Insurance Business Models
Underwriting Principles
Communication Skills
Team Management
Cross-Functional Collaboration
Strategic Thinking
Analytical Skills

Some tips for your application 🫑

Tailor Your CV: Make sure your CV highlights relevant experience in model validation, Solvency II, and internal capital models. Use specific examples that demonstrate your ability to manage outsourced reviews and lead validation processes.

Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background aligns with the responsibilities listed, particularly your experience with AI and climate risk modelling.

Showcase Leadership Skills: Emphasise your experience in managing teams and mentoring junior analysts. Provide examples of how you've successfully led cross-functional initiatives or represented your team in senior forums.

Highlight Communication Skills: Since the role requires clear communication of complex risk concepts, include instances where you've effectively communicated with senior audiences. This could be through presentations, reports, or stakeholder meetings.

How to prepare for a job interview at Lutine Bell

✨Understand the Regulatory Landscape

Familiarise yourself with Solvency II and the latest regulatory expectations. Being able to discuss how these regulations impact model validation will show your depth of knowledge and readiness for the role.

✨Demonstrate Your Technical Expertise

Be prepared to discuss specific modelling approaches you've worked with, especially in areas like AI and climate risk. Highlighting your hands-on experience with Internal Capital Models will be crucial.

✨Showcase Your Leadership Skills

Since the role involves managing a sub-team, be ready to share examples of how you've successfully led teams or mentored junior analysts. This will demonstrate your capability to foster a collaborative environment.

✨Communicate Clearly and Confidently

Practice explaining complex risk concepts in simple terms. The ability to convey intricate ideas to senior audiences is essential, so ensure you can articulate your thoughts clearly during the interview.

Model Validation Risk Manager
Lutine Bell
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