Provide risk and capital analysis (regulatory and economic) for Chaucer's managed Lloyd's syndicates. Involved in model and MI development as well as use of the capital model throughout the business. Opportunities to liaise and form close working relationships with the wider business. Communication and presentation of analysis and results to key internal (incl. Assist in the production and delivery of regulatory and economic capital requirements (SCR / ECA / Standard Formula) for all Chaucer managed syndicates; Run capital models to understand capital implications of business decisions as required; Produce and develop management information for the interpretation and presentation of modelled results to various groups within Chaucer, including Risk and Model Working Groups and ad-hoc forums with senior management as required Igloo coding) and parameterisation of the Internal Model whether as a result of issues raised internally, or by regulators / (independent) validators, or as a result of changes in risk profile / industry best practice; Assist in the ongoing compliance of the Internal Model with relevant Solvency II / UK standards, UK and international regulations, and professional guidance, including maintenance of documentation and adherence to controls Assist the Risk function in the production of the ORSA, including analysis of risk aggregations and changes in risk profile, as well as stress and scenario testing; Work closely with the Risk function and the business to advise on the integrated use of the Internal Model in risk management processes across the Group, including the adequacy and efficacy of risk mitigation techniques and advising the business on the optimisation of financial risk profile based on capital efficacy and risk-reward relationships (e.g. investment strategy, business portfolio mix, new classes of business, divestments). General Insurance Actuarial Parameterisation of stochastic underwriting or reserving risk Stochastic modelling of insurance and other risks Formal experience of managing people and complex projects Advanced user of Word, Excel and PowerPoint Computer programming (VBA, SQL, Python and / or other languages) Strong data manipulation ability Igloo coding (or equivalent modelling software) Qualified or near-qualified actuary (IFoA) Enterprise Risk Management / CERA examination pass or equivalent Aptitude for managing and delivering complex projects Hard working and committed to delivery of high-quality output Chaucer is a leading insurance group at Lloyd's, the world's specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups. Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website. Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation). A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.
Financial Risk Actuary in London employer: Chaucer Group
Chaucer Group is an exceptional employer that prioritises employee development and collaboration, particularly in the dynamic role of Senior Compliance Monitoring & Assurance Lead. With a hybrid work model based in London, we foster a supportive work culture that encourages strategic thinking and innovation, while providing ample opportunities for professional growth and engagement with senior management to drive meaningful improvements across our compliance framework.
