Risk Manager - Model Risk

Risk Manager - Model Risk

City of London Full-Time 43200 - 72000 £ / year (est.) Home office (partial)
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Job Description

A leading global insurer is looking for a Model Risk Management Lead to join its growing and dynamic risk function. With operations across more than 20 countries, this organisation is known for its innovative, people-first culture and commitment to supporting clients in complex, evolving environments.

In this high-impact role, you’ll be responsible for leading the validation of internal capital models and challenging a wide range of business-critical models, including those used for pricing, catastrophe exposure, capital planning, and emerging technologies like artificial intelligence. You’ll take a hands-on role in shaping model governance in line with regulatory guidance (e.g., PRA’s CP6/22), while helping embed model risk management as a key strategic discipline across the enterprise.

You will work closely with senior stakeholders, cross-functional teams, and regulatory bodies. In addition to managing a sub-team, you’ll contribute to key committee meetings, coach junior colleagues, and support strategic risk initiatives.

What you’ll bring:

  • Deep knowledge of Solvency II and internal model validation
  • Strong communication skills to simplify technical concepts
  • Passion for innovation, especially in AI, climate risk, and ethical model use
  • Ability to influence senior decision-makers and drive change

The organisation is committed to diversity, inclusion, and flexible working. If you’re excited about helping shape the future of model risk in a values-driven, collaborative environment, we encourage you to apply.

Applications open now – make a meaningful impact through better risk thinking

Risk Manager - Model Risk employer: Avencia Consulting

As a leading global insurer, this company offers an exceptional work environment characterised by a people-first culture and a commitment to innovation. Employees benefit from diverse and inclusive practices, flexible working arrangements, and ample opportunities for professional growth, particularly in high-impact roles like the Risk Manager - Model Risk. Joining this dynamic team means contributing to strategic initiatives while shaping the future of model risk management in a collaborative setting.
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Contact Detail:

Avencia Consulting Recruiting Team

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