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- Tasks: Design and develop internal models for financial products while ensuring compliance and best practices.
- Company: Join Canada Life UK, a modern and agile organisation focused on customer needs.
- Benefits: Enjoy competitive salary, career development, and a supportive work environment.
- Other info: Opportunity to mentor junior team members and grow your career in a dynamic setting.
- Why this job: Make a real impact in the finance sector while working with innovative teams.
- Qualifications: Strong analytical skills and experience in model development are essential.
The predicted salary is between 60000 - 80000 £ per year.
Location: London
Canada Life UK looks after the retirement, investment and protection needs of individuals, families and companies. We help to build better futures for our customers, our intermediaries and our employees by operating as a modern, agile and welcoming organisation. Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom since 1903. We have hundreds of respected and supported employees committed to doing the right thing for our customers and colleagues. Canada Life UK is transforming to create a more customer-focused business by providing our customers with expertise on financial and tax planning, offering home finance and annuities propositions, and providing collective fund solutions to third party customers.
Job Purpose
As a model implementation actuary within the internal model team at Canada Life, you will be responsible for designing, developing, supporting, testing and documenting Canada Life's internal models. Ensuring that our internal models meet the needs of users and adhere to Canada Life's model governance and regulatory requirements.
Key Accountabilities
- Design, develop, support, test and document internal models for credit, interest rate, inflation and equity release mortgages.
- Support the internal model operations team, investigating internal model queries, and proposing solutions.
- Work closely with the internal model design team, to understand new feature developments, and contribute to how these can be implemented within the internal model code.
- Act as a conduit between the internal model team and IT to ensure our models are supported by IT and our processes are aligned with other development teams.
- Ensure internal models follow best practice standards.
- Manage, coach, develop and motivate junior members of the team to support their development.
- Contribute knowledge sharing to the internal model implementing team.
Desired Knowledge / Experience / Skills
Technical Expertise
Strong ca...
Actuary (Internal Model) | London, UK employer: Canada Life Limited
Contact Detail:
Canada Life Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuary (Internal Model) | London, UK
✨Tip Number 1
Network like a pro! Reach out to current employees at Canada Life on LinkedIn or through industry events. A friendly chat can give you insider info and maybe even a referral!
✨Tip Number 2
Prepare for the interview by brushing up on your technical skills and understanding of internal models. We recommend practising common actuarial scenarios and being ready to discuss how you’d tackle real-world problems.
✨Tip Number 3
Show your passion for the role! When you get the chance to speak with interviewers, share why you’re excited about working at Canada Life and how you can contribute to their mission of building better futures.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining the team!
We think you need these skills to ace Actuary (Internal Model) | London, UK
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Actuary role. Highlight relevant experience and skills that match the job description. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how you can contribute to our internal model team. Keep it engaging and personal – we love a good story!
Showcase Your Technical Skills: Since this role involves designing and developing internal models, make sure to showcase your technical expertise. Mention specific tools or methodologies you've used in the past that relate to the responsibilities outlined in the job description.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you get all the updates directly from us. Plus, it's super easy!
How to prepare for a job interview at Canada Life Limited
✨Know Your Models
Make sure you have a solid understanding of internal models, especially those related to credit, interest rates, and inflation. Brush up on the latest regulatory requirements and best practices in model governance. This will show your potential employer that you're not just familiar with the concepts but are also ready to contribute from day one.
✨Showcase Your Problem-Solving Skills
Be prepared to discuss specific examples where you've tackled complex problems in model implementation or development. Think about times when you had to investigate queries or propose solutions. This will demonstrate your analytical skills and your ability to work collaboratively with teams, which is crucial for the role.
✨Communicate Effectively
As an actuary, you'll need to act as a bridge between technical teams and non-technical stakeholders. Practice explaining complex actuarial concepts in simple terms. During the interview, focus on how you can communicate effectively with both the internal model team and IT, ensuring everyone is aligned and informed.
✨Emphasise Team Leadership
If you have experience managing or mentoring junior team members, be sure to highlight this. Canada Life values collaboration and development, so share your approach to coaching and motivating others. Discuss how you’ve contributed to knowledge sharing within your team, as this aligns with their commitment to building a supportive work environment.