At a Glance
- Tasks: Design and develop internal models for credit, interest rate, and equity release mortgages.
- Company: Join Canada Life UK, a modern and agile organisation focused on building better futures.
- Benefits: Enjoy a competitive salary, generous pension, private medical insurance, and flexible working options.
- Other info: Be part of a diverse team committed to personal and professional development.
- Why this job: Make a real impact in the life insurance industry while developing your skills.
- Qualifications: Strong capital modelling experience and proficiency in Python required.
The predicted salary is between 60000 - 80000 £ per year.
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.
The Internal Model Implementation team at Canada Life is 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.
What You'll Do
- 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.
Who You Are
Technical Expertise
- Strong capital modelling experience in market, credit and/or equity release mortgage risk space within life insurance industry.
- Experience with developing, testing and maintaining actuarial models.
- Experience with using Python. Ideally knowledge of good software design principles and unit testing.
- Experience with DevOps or GitHub for managing software developments.
- Knowledge of SII and IFRS17.
- Use of generative AI.
Communication
- Strong communication skills, demonstrating a clear and articulate standard of written and verbal communication in a complex environment, tailored for all levels of management.
- Strong ability to adapt messages to the audience, without prompting or significant coaching, in a format that is easily understood by non-technical colleagues.
Relationship Building
- The ability to develop and maintain strong relationships across the actuarial function, IT and the wider business, acting with integrity and role modelling the company values at all times.
- Ability to flex their style and delivery, in the moment, depending on the individual and/or audience.
Developing Self and Others
- Exceptional problem solving skills and attention to detail with demonstrable ability in spotting issues, interdependencies and challenges to ensure work is produced to an accurate, commercial and informed standard.
- Self-motivated, well-organised, pragmatic and able to perform tasks independently.
- Strong skills and experience in managing and motivating a team from a diverse range of professional backgrounds and with varying levels of experience.
- Strong coaching ability in technical, and non-technical skills in order to support the development of others.
- An interested and inquisitive individual who is committed to their own ongoing professional and personal development.
Qualifications
- Undergraduate degree in Finance / Maths or equivalent disciplines.
- Complete or near completion of Institute of Actuaries (or equivalent) exams.
Benefits of working at Canada Life
We believe in recognising and rewarding our people, so we offer a competitive salary and benefits package that's regularly reviewed. As a Canada Life UK colleague, you'll receive a competitive salary and comprehensive reward package including a generous pension and bonus scheme, along with income protection, private medical insurance and life assurance. We have a fantastic number of other benefits and support services as well as regular personal and professional development.
How we work at Canada Life
Our culture is unique and incredibly important to us. We care about doing the right thing for our people, customers and community and helping others to build better futures. Our blueprint behaviours shape and influence how we work, and are central to the relationships we have with others. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward. We want colleagues to have rewarding careers with us so we invest in the development of our people, technology and workplaces. That's why we offer a range of training, flexible working and opportunities to grow and develop.
Diversity and inclusion
Building an inclusive workplace with a diverse workforce where everyone can feel they belong and achieve their potential regardless of gender, ethnicity or any other characteristic is a key commitment for us. We are proud of the progress we're making in DEI, and we continue for it to be a significant focus.
At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.
We appreciate that everyone has different work and life responsibilities. We're happy to discuss flexible working arrangements, including part time, for any of our roles should this be a requirement for you.
Senior Modelling Specialist employer: Canada Life UK
Canada Life UK is an exceptional employer that prioritises the well-being and development of its employees, offering a competitive salary and comprehensive benefits package, including a generous pension scheme and private medical insurance. With a strong commitment to diversity and inclusion, a supportive work culture, and ample opportunities for personal and professional growth, Canada Life UK fosters an environment where employees can thrive while contributing to building better futures for customers and communities.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Modelling Specialist
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about asking for introductions. We all know that sometimes it’s not just what you know, but who you know that can help you land that dream job.
✨Tip Number 2
Prepare for interviews by researching Canada Life UK and understanding their values and culture. We want to see how you can fit into our team, so think about how your skills align with our mission of building better futures for our customers.
✨Tip Number 3
Practice your communication skills! Whether it’s explaining complex modelling concepts or discussing your previous experiences, being able to articulate your thoughts clearly is key. We love candidates who can adapt their message for different audiences.
✨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 us you’re genuinely interested in joining our team at Canada Life UK.
We think you need these skills to ace Senior Modelling Specialist
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Senior Modelling Specialist role. Highlight your experience in capital modelling and any relevant technical skills, like Python or DevOps, to show us you’re the right fit!
Showcase Your Communication Skills:Since strong communication is key, use clear and concise language in your application. Demonstrate how you've adapted your messaging for different audiences in past roles – we love seeing that versatility!
Highlight Teamwork and Leadership:We value collaboration, so don’t forget to mention your experience in managing and motivating teams. Share examples of how you've coached others or built relationships across departments to show us your leadership style.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Canada Life UK
✨Know Your Models Inside Out
Make sure you have a solid understanding of the internal models you'll be working with. Brush up on your capital modelling experience, especially in market, credit, and equity release mortgage risk. Be ready to discuss how you've designed, developed, and tested similar models in the past.
✨Show Off Your Technical Skills
Since this role requires experience with Python and good software design principles, prepare to demonstrate your coding skills. Bring examples of your work, especially if you've used DevOps or GitHub for managing software developments. This will show that you're not just familiar with the tools, but that you can effectively use them.
✨Communicate Clearly and Confidently
Strong communication skills are key for this position. Practice explaining complex concepts in simple terms, as you'll need to adapt your messages for non-technical colleagues. Think about examples where you've successfully communicated technical information to different audiences.
✨Be a Team Player
This role involves coaching and developing junior team members, so be prepared to discuss your leadership style. Share experiences where you've motivated a diverse team and how you've built strong relationships across functions. Highlight your ability to flex your communication style based on the audience.
