At a Glance
- Tasks: Design and develop internal models for credit, interest rates, 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 growth.
- Why this job: Make a real impact in the financial sector while developing your skills in a supportive environment.
- Qualifications: Strong capital modelling experience and proficiency in Python required.
The predicted salary is between 60000 - 75000 £ 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.
Job Summary
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.” Nick Harding, Chief People Officer, Canada Life UK
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: Irish Life Group Services Limited
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 culture that encourages curiosity and collaboration, and ample opportunities for professional growth, Canada Life UK fosters an environment where employees can thrive and contribute to building better futures for their customers and communities.
Contact Details:
Irish Life Group Services Limited Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Senior Modelling Specialist
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Canada Life UK on LinkedIn. A friendly chat can give you insider info and maybe even a referral, which can really boost your chances.
✨Tip Number 2
Prepare for the interview by practising common questions related to modelling and risk management. We recommend using the STAR method to structure your answers – it helps you showcase your skills effectively!
✨Tip Number 3
Show off your technical skills! If you’ve worked with Python or DevOps tools, be ready to discuss specific projects or challenges you faced. Real examples can make you stand out as a candidate.
✨Tip Number 4
Don’t forget to follow up after your interview! A quick thank-you email reiterating your interest in the role can leave a positive impression. Plus, it shows you’re genuinely keen on joining the 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 for this role, don’t forget to demonstrate your ability to explain complex concepts clearly. Use examples from your past experiences where you’ve successfully communicated with non-technical colleagues.
Highlight Teamwork and Leadership:We value collaboration and leadership, so share instances where you’ve managed or coached a team. Let us know how you’ve motivated others and contributed to their development in a diverse environment.
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!
How to prepare for a job interview at Irish Life Group Services Limited
✨Know Your Models Inside Out
As a Senior Modelling Specialist, you’ll need to demonstrate your expertise in capital modelling. Brush up on your knowledge of credit, interest rate, and equity release mortgages. Be ready to discuss specific models you've worked on and how they align with regulatory requirements.
✨Showcase Your Technical Skills
Make sure to highlight your experience with Python and any software design principles you know. Prepare examples of how you've used DevOps or GitHub in past projects. This will show that you can not only develop but also maintain and test actuarial models effectively.
✨Communicate Clearly and Confidently
Strong communication skills are key for this role. Practice explaining complex concepts in simple terms, as you’ll need to adapt your messages for non-technical colleagues. Consider preparing a few scenarios where you successfully communicated technical information to diverse audiences.
✨Demonstrate Leadership and Team Development
Since you'll be managing and coaching junior team members, think of examples where you've motivated a team or supported someone's development. Be ready to discuss your approach to leadership and how you foster a collaborative environment within the team.
