At a Glance
- Tasks: Lead the validation function and manage model risk assessments.
- Company: Join a forward-thinking company focused on innovation and collaboration.
- Benefits: Flexible working, continuous learning, and a fun, inclusive environment.
- Other info: Work with diverse teams and contribute to a positive workplace culture.
- Why this job: Make an impact in a role that challenges and inspires you daily.
- Qualifications: Qualified actuary with strong analytical skills and knowledge of Solvency II.
The predicted salary is between 80000 - 100000 £ per year.
We are seeking a Head of Validation to develop and lead our validation function.
What You'll Do
- Develop the overall model validation scope and plan, managing the scope and costs of any external reviews commissioned.
- Act as the subject matter expert on the Solvency II/UK regulatory requirements, PRA & GFSC rulebooks and the frameworks used in assessing model risks and wider regulatory compliance.
- Deliver against the plan of activities, maintaining and developing the Solvency II/UK validation, model risk and regulatory compliance frameworks, policies and standards.
- Consolidate results from model validation activities and present progress and findings to the relevant Committees and Boards.
- Maintain and amend the model validation scope and plan against a range of trigger events or changes within the business, supporting any major model change protocols.
- Collaborate with the Chief Actuary, Chief Risk Officer, and Head of Capital on wider review of methodology and assumptions in respect of internal models.
- Support the business with Risk and Capital Assessments for new products, businesses and propositions where appropriate.
- Monitor and report on all material validation findings across the Group to the relevant committees and boards.
- Support the financial risk appetite process, with appropriate early warning indicators, triggers and limits and reporting mechanisms.
- Input into both the stress and scenario testing for the Group and the wider ORSA process.
Key Skills, Qualifications and Experience
- A qualified actuary with experience working on Internal Model validation.
- Strong knowledge of Solvency II regulations.
- Exceptional analytical and problem solving abilities, with a keen eye for detail.
- Excellent communication skills, both written and verbal, to effectively convey complex information.
- A collaborative mindset, ready to work with diverse teams and contribute to a positive work environment.
- Curious and eager to learn, with a passion for staying current on industry trends.
Benefits
- Be part of innovative projects that challenge and inspire you.
- Access to continuous learning opportunities.
- A supportive and inclusive environment where your ideas are valued.
- A healthy work-life balance with flexible working arrangements.
- A company and team that strives to make each working day fun.
Group Head of Validation employer: Admiral Careers
As a leading employer in the financial services sector, we offer the Group Head of Validation an exciting opportunity to shape our validation function while working in a supportive and inclusive environment. Our commitment to continuous learning and innovation ensures that you will be challenged and inspired, with access to flexible working arrangements that promote a healthy work-life balance. Join us to collaborate with diverse teams and contribute to meaningful projects that make a real impact.
StudySmarter Expert Advice🤫
We think this is how you could land Group Head of Validation
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Admiral Careers. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Group Head of Validation
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Admiral Careers.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Admiral Careers's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Admiral Careers
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Admiral Careers.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Admiral Careers will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Admiral Careers employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
