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- Tasks: Lead capital modelling and assess risks for major projects in a dynamic environment.
- Company: Join DLG, a forward-thinking company focused on customer-centric solutions.
- Benefits: Enjoy hybrid working, professional development, and a supportive team culture.
- Other info: Opportunity for career growth and to be part of a centre of excellence.
- Why this job: Make a real impact on risk management for some of the UK's top brands.
- Qualifications: Experience in actuarial science and strong leadership skills required.
The predicted salary is between 70000 - 90000 £ per year.
DLG is evolving. Across every facet of our business, our teams are embracing new opportunities and putting customers at the heart of everything they do. By joining them, you'll have the opportunity to not just be recognised for your skills but encouraged to build upon them and empowered to do your absolute best.
Our Corporate Actuarial teams deal with risk on a billion pound scale. Bringing together the widest range of skills, tools, and information, they calculate the risks and potential claims from across the organisation. Market leading techniques. Maximised profitability. Business-wide connection. That's how we support some of the UK's most recognisable brands to grow and develop.
What you'll be doing:
- You will support the assessment and quantification of risk, including capital requirements.
- You will lead elements of the calibration and applications of the internal economic capital model ('IECM') within DLG.
- Lead the planning and successful implementation and delivery of large strategic projects, usually in partnership with Capital Management and Strategy teams.
- Provide expertise on actuarial and business issues especially around capital modelling.
- Ensure executive decisions based on a clear understanding of the impacts on IECM capital requirements, now and in the future, with recommendations for improving the Group's risk and capital position.
- Lead, plan, manage analysis that keeps the IECM up to date and aligned with DLG's risk profile.
- Work with SMEs in the business with insights into the risks being modelled within the IECM.
- Work with the independent validation team to provide the necessary assurances around the IECM updates.
- Face off to senior stakeholders in various governance fora to explain technical aspects of the modelling, the modelling results, and justifying any expert judgements being made.
- Communicate and educate users of the model, provide insight into associated deliverables such as risk appetite, ORSA and other ad-hoc decisions or analysis requiring consideration of capital requirements and resources.
- Ensure models researched and built for capital modelling and its applications use appropriate techniques.
- Communicate with stakeholders to develop the reputation of Corporate Actuarial as a centre of excellence within Direct Line Group.
- Lead and role model the performance management and development of the actuarial analysts; review work, considering the outcome of the task; provide feedback and create opportunities for learning in daily activities; delegate work to analysts to develop their experience.
- Communicate effectively within the team and to external stakeholders to ensure thorough and accurate understanding of issues and resolutions.
- Ensure that own professional and industry knowledge is always up to date.
- Direct the team in complying on an ongoing basis with the requirements of relevant professional/legal/regulatory/risk management frameworks, e.g. Technical Actuarial Standards, Solvency II, IFRS 17.
Hybrid Capital Modelling Lead – London employer: Direct Line Group
Contact Detail:
Direct Line Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Hybrid Capital Modelling Lead – London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, webinars, or even casual meet-ups. The more you engage with others, the better your chances of hearing about opportunities that might not even be advertised.
✨Show Off Your Skills
When you get the chance to chat with potential employers, don’t hold back! Share specific examples of how you've tackled challenges in capital modelling or risk assessment. This is your moment to shine and show them what you can bring to the table.
✨Follow Up After Interviews
Always send a quick thank-you email after an interview. It shows your appreciation and keeps you fresh in their minds. Plus, it’s a great opportunity to reiterate your enthusiasm for the role and the company!
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, you’ll find all the latest roles and updates there, so keep checking back!
We think you need these skills to ace Hybrid Capital Modelling Lead – London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role of Hybrid Capital Modelling Lead. Highlight your experience with capital modelling and risk assessment, and don’t forget to showcase any leadership roles you've had in previous projects.
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 your skills align with DLG's mission. Be sure to mention your understanding of IECM and how you can contribute to the team.
Showcase Your Technical Skills: In your application, be specific about the technical skills and tools you’ve used in capital modelling. Mention any relevant software or methodologies that you’re familiar with, as this will demonstrate your expertise in the field.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way to ensure your application gets into the right hands and shows us you’re serious about joining our team!
How to prepare for a job interview at Direct Line Group
✨Know Your Capital Modelling Inside Out
Make sure you brush up on your knowledge of capital modelling techniques and the internal economic capital model (IECM). Be prepared to discuss how these concepts apply to risk assessment and quantification, as well as how they impact executive decisions.
✨Showcase Your Leadership Skills
Since this role involves leading analysts and managing strategic projects, be ready to share examples of your leadership experience. Talk about how you've successfully guided teams in the past and how you plan to develop the skills of your future team members.
✨Communicate Like a Pro
Effective communication is key, especially when explaining technical aspects to senior stakeholders. Practice articulating complex ideas clearly and concisely, and think of examples where you've successfully communicated difficult concepts in previous roles.
✨Stay Updated on Industry Standards
Familiarise yourself with the latest professional and regulatory frameworks like Solvency II and IFRS 17. Being knowledgeable about these standards will not only impress your interviewers but also show that you're committed to maintaining high industry standards.